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aI made a report on the price of PENGU after it goes live on Binance:

Early market performance and valuation

According to Whales Market data, on December 16, the OTC price of PENGU token was $0.053, corresponding to a market value of $4.711 billion. On December 17, the OTC price was $0.0444, corresponding to a circulating market value of $2.771 billion.

Factors affecting the launch price

- Project background and community support: Pudgy Penguins has developed into a leading NFT project by market value, with a strong global community. The issuance of the token has received high attention and expectations from the community, with a large number of fans and holders participating, which will have a positive impact on the price.

- Token economic model: The total supply of PENGU is 88,888,888,888 tokens, with a circulating supply of 62,415,951,646 tokens at launch, accounting for 70.22%. 47.87% is allocated for community airdrops, which is beneficial for expanding 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 of the cryptocurrency market currently affect the opening price of PENGU. If the market is favorable and funds flow in, the price is expected to rise. The competition in the NFT field is intense; although 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 it goes live on Binance. Given its early OTC price and various factors, the opening price is expected to fluctuate in the range of $0.04 to $0.06. If the market responds enthusiastically after the launch and community participation is high, it is possible that the price will break through $0.06 in the short term; if market sentiment is poor or there is significant selling pressure, the price may fall below $0.04.

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