#1 is pure bs. #2 will only introduce a dilution of the value of the token. #3 has no credibility. Overall terrible analysis.
mickeymrdt
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Bullish
$PENGU to the moon
3 Reason why $PENGU SUPPER BULLISH
1. Abstract Chain is new for NFT and bridge with many protocol like layerzero and everything 2. Toys can be $PENGU and claim NFT soon 3. Holders a lot because another influencer famous like ansem mention over again
People are predicting $PENGU like fortune tellers and showing no factual reasons for it to perform well.
Its a meme coin with no potential for any sustainability. Thatās mainly because everyone from the NFT side of blockchain have been starved of any profits.
So, all you will ever see are pumps and dumps. The volatility may not be like $APE, but its definitely done the opposite to everyoneās terrible TA predictions.
My advice: get a crystal ball or 8 ball and youāll have better predictions for such tokens.
Letās break down the $PENGU story with some hard data:
Blue Arrow Zone: At its peak, trading volume exceeded 400 million (marked by the red circles and arrow).
Current Reality: Volume has dropped significantly to just 115 million, indicating an outflow of over 300 million.
What Does This Tell Us? A massive sell-off occurred, likely fueled by intense marketing and hype. This might have left many investors holding onto high-priced coins, while the early movers cashed out big.
ā ļø Lessons for Traders:
Be cautious of excessive hype: Promises of "a bright future" and "record-breaking coins" may just be marketing tactics.
Monitor fundamentals: Is there an actual utility (e.g., NFT or tech innovation), or is it all talk?
Expect fluctuations: With the current volume trend, expect 3-5 years of stagnation with occasional spikes driven by internal marketing.
š Pro Tip: Focus on coins with real utility, transparency, and strong fundamentals to avoid being caught in such cycles.
Stay informed. Stay sharp. Protect your investments.