Are PNUT and ACT still worth buying?

With the arrival of the bull market, Bitcoin has risen sharply, reaching a peak of $99,500. It is currently experiencing a pullback and consolidation. From a technical perspective, Bitcoin is likely to continue rising. If it can break through $100,000 in this wave, it is expected to enter a main upward trend. Ethereum and Dogecoin are also following Bitcoin's lead, continuously breaking new highs. Since going live on Binance, PNUT has risen from $0.32 to a peak of $2.5, yielding nearly 8 times profit. ACT, which also launched on Binance, skyrocketed from $0.019 to a peak of $0.95, nearly a 50-fold increase. Many friends have come to inquire whether PUNT and ACT are still worth buying. Today, let's discuss whether these two coins are still worth our investment.

1. PNUT

Everyone knows the story of PNUT, which originates from a famous squirrel in the United States. Its owner often posted videos of the squirrel online, leading to its fame. The final outcome was tragically euthanasia, which sparked public outrage, prompting Musk to speak out against the injustice. Thus, PNUT was launched, riding the wave of being a popular coin, and with Musk's constant endorsements, it took off strongly. The blogger also entered around $0.9 and chose to exit when profits doubled.

If it continues to decline, the next target is around $0.92. If it falls below this level, it could drop to around $0.506.

Additionally, PNUT is purely a meme coin, relying entirely on Musk's endorsements for its rise. As the hype declines, PNUT's value is likely to decrease as well, so it is not recommended for everyone to buy PNUT now.

2. ACT

After the announcement of ACT's upcoming launch on Binance, the price of ACT skyrocketed 16 times within half an hour, with its initial market cap jumping from $20 million to $350 million. Everyone rushed in, and many friends may have been caught at the peak. Currently, ACT's market hype is also very high, so is it worth buying now?

ACT claimed from the start that it aims to 'make AI knowledge accessible to everyone.' This sounds grand, with a target directly aimed at 'preaching knowledge in the new era', and emotions were running high for a moment. However, like the vast majority of meme coins, ACT cannot escape the stark contrast between 'ideal and reality'.

Next, there is a high probability of ACT undergoing a continued correction, so participation is not recommended!