Prediction of PNUT Future Price Trends:
Short-term Trends
- According to CoinCodex, from November 21 to 25, the price of PNUT is expected to continue rising, potentially reaching $2.23 on the 25th, a 35.79% increase from the current price.
- A certain whale spent $2.46 million to buy 9.24 million PNUT on November 11, and their actions may continue to affect PNUT's short-term price. If the whale continues to accumulate or sell off, the price will experience significant volatility.
Medium-term Trends
- CoinCodex predicts that by December 2024, the price of PNUT is expected to rise to $5.67, a 232.40% increase from the current price.
- From the perspective of market sentiment, the current "Fear and Greed Index" is at 90, indicating an "extreme greed" state, with positive market sentiment that may drive prices further up in the medium term.
Long-term Trends
- From the perspective of project development, PNUT, as an emerging meme coin, is still exploring its technical architecture and application scenarios. Successful expansion of applications will support its long-term value.
- From the perspective of market competition, the meme coin market is highly competitive. PNUT needs to continuously innovate and market itself to maintain its popularity, or it may be replaced by other projects, leading to a price decline.
- From the perspective of the regulatory environment, the regulatory policies of the cryptocurrency market are uncertain. If regulations are strengthened in the future, it may have a negative impact on PNUT's price.
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