AI has prepared a report on the price of PENGU after its launch on Binance:
Initial Market Performance and Valuation
According to Whales Market data, on December 16, the OTC price of the PENGU token was reported at $0.053, corresponding to a market cap of $4.711 billion. On December 17, the OTC price was reported at $0.0444, corresponding to a circulating market cap of $2.771 billion.
Factors Influencing Launch Price
- Project Background and Community Support: Pudgy Penguins has developed into a leading NFT project by market cap, boasting a strong global community. The issuance of the token has garnered significant attention and anticipation from the community, with many fans and holders participating, which will positively impact the price. - Token Economic Model: The total supply of PENGU is 88,888,888,888 tokens, with a circulation of 62,415,951,646 tokens at launch, accounting for 70.22%. 47.87% is allocated for community airdrops, which helps expand the holder base, but a large number of airdropped tokens entering the market in a short time may put pressure on the price. - Market Environment and Competitive Landscape: The overall trend and sentiment in the cryptocurrency market affect the opening price of PENGU. If the market is positive with capital inflow, the price is expected to rise. The competition in the NFT field is fierce; while Pudgy Penguins has advantages, similar projects are also competing for market share, which may exert some pressure on its price.
Price Prediction
Considering all factors, it is difficult to accurately estimate the price of PENGU after its launch on Binance. Given its previous OTC price and various factors, the opening price is expected to fluctuate in the range of $0.04 to $0.06. If the market reacts enthusiastically after the launch and community participation is high, there is a possibility that the price could briefly exceed $0.06; however, if market sentiment is poor or there is significant selling pressure, the price may fall below $0.04.
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Yesterday I accurately predicted the price of $VANA !!!
By summarizing the analysis of many KOLs and the recent trends in Binance's wolf-eating waterfall, it seems that there is already a mature set of rules regarding airdrops.
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This week, another batch of vc coins will be unlocked. Are there any tokens you are paying attention to? ! !
The number of unlocked coins this week can be said to be the least in the past six months Can it be understood that the selling pressure is indeed less, and the copycat bull is finally coming! 😭$APE $ADA $ARB
Thank you boss for your attention and likes and make a fortune! ! !
Foreign KOL prediction: After the token $vana goes live on Binance, the price will be $50-100, with a long-term outlook of $300.
Based on the calculation of 17 million BNB in the Binance Launchpool, the previous yield from the Launchpool was about 1%-2%. If the price of BNB is $700, then the price of the Vana token should be between $30-60, with a market cap of $3.6-7.2 billion. However, this data has inflated 20 times compared to Vana's investment market value.
The last two airdrops have indeed been more generous; is the spring for $BNB really coming?
Let's all wait and see if this wave is top-tier or forgettable!
Binance Labs invested in the largest AI game @XterioGames , and released an announcement [Users get $xter last chance before the token is issued]. The event lasts until: December 27 00:00 UTC, which means that the project will issue tokens and airdrops in late December and early January. When will it be done?
About Xterio Xterio is an AI+ game technology platform It has pioneered AI-driven game infrastructure on ETH and BNB, with 5 innovative games and more than 70 game partners, serving 8 million users, and a peak transaction volume of 3.5 million transactions per day. The team is composed of industry stalwarts from leading game and technology companies such as Ubisoft, Netease, FunPlus, Jam City, Riots, etc. The ecosystem has raised more than $80 million, of which Binance Labs invested $15 million, making it the most invested gaming project by Binance.
Remember to use a little bnb for gas fees when you need to cross-chain! $BNB
Musk Focuses on Zhao Changpeng: A New Spotlight in the Crypto Field
Yesterday, Musk focused on Binance CEO Zhao Changpeng, an event that sparked widespread attention in the cryptocurrency sector. Musk has always been an important figure in the cryptocurrency field, and his support and promotion of cryptocurrencies like Dogecoin have repeatedly caused market fluctuations. Zhao Changpeng's Binance, as one of the largest cryptocurrency exchanges in the world, holds a significant position in the industry.
On November 23, 2021, Binance temporarily suspended Dogecoin withdrawals due to a version update, and Musk immediately commented on related articles on Twitter and @Zhao Changpeng, questioning Binance's customer protection issues for Dogecoin, emphasizing that Dogecoin holders using Binance should be protected to avoid losses due to reasons beyond their control. In 2022, Binance invested $500 million to join Musk's buyer consortium for the acquisition of Twitter, and Zhao Changpeng stated that this was a small contribution to the deal, indicating that the two sides had previously collaborated on business investments.
Musk's attention to Zhao Changpeng may signal further cooperation and communication between the two in the cryptocurrency and related fields in the future. With the continuous development of the cryptocurrency market and changes in the regulatory environment, their interactions could have new impacts on the market, making it worthy of ongoing attention from investors and industry practitioners.
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