#MarketRebound

What affects the price of PENGU?

There are a number of variables in the cryptocurrency market that can affect the price of PENGU up or down. The main force behind the market value of PENGU assets is supply and demand. Whether the demand for more PENGU increases or decreases largely depends on the increasing adoption.

Moreover, important events such as protocol updates or hard forks can play a major role in the price of PENGU.

Another important factor to consider is the activity of whales. Large holders of PENGU can greatly influence the price of the coin as a large sell order can cause the price to drop significantly. Additionally, never underestimate the power of large institutions and political organizations adopting the value of PENGU.