PNUT Coin Outlook Analysis:

Short-term Outlook

According to CoinCodex's forecast, the price of PNUT is expected to maintain an upward trend between November 21 and 25, potentially reaching $2.23 on the 25th, an increase of approximately 35.79% from the current price. This may be related to a significant buyer who spent $2.46 million to purchase 9.24 million PNUT tokens on November 11. If this buyer continues to accumulate or sell, it will lead to significant price fluctuations.

Medium-term Outlook

CoinCodex predicts that by the end of 2024, the price of PNUT could rise to $5.67, with a growth rate of up to 232.40%. Current market sentiment is in an "extreme greed" state, and this positive sentiment will be conducive to mid-term price increases. However, as an emerging meme coin, PNUT's technology and applications are still in need of improvement, and its ability to continuously attract enthusiasm remains uncertain.

Long-term Trend

As a meme coin, PNUT needs to continuously innovate and market itself to maintain its market position; otherwise, it may be replaced by competitors, leading to a decline in price. Additionally, the regulatory policies in the cryptocurrency market are uncertain, and tightening regulations in the future may negatively impact the price of PNUT. Overall, the long-term trend of PNUT will depend on its own development and the external environment. #AVAX、ROSE、ADA大额解锁 #上市公司比特币战略 #BTC何时突破10万？