#MEME趋势风向
PNUT Short-term Surge Warning! November may reach a high of $2.23!
【What will the future price of PNUT look like?】
【Short-term perspective】
CoinCodex predicts that from November 21 to 25, the price of PNUT is expected to rise, and by the 25th it might soar to $2.23, which is a 35.79% increase from now. Additionally, on November 11, a big player suddenly invested $2.46 million to buy 9.24 million PNUT, and this event will likely stir up the price of PNUT in the short term. If this big player continues to buy or sell, the price fluctuations of PNUT are likely to be even more intense.
【Mid-term outlook】
CoinCodex also mentioned that by December 2024, the price of PNUT could reach $5.67, which would be a 232.40% increase compared to now. The market is currently very excited, with the fear and greed index soaring to 90, indicating "extreme greed". This sentiment might push the price of PNUT further upwards in the mid-term.
【Long-term discussion】
PNUT, as an emerging meme coin, is still exploring its technology and application scenarios. If it can successfully develop its applications, its long-term value will surely stabilize.
However, the competition in the meme coin sector is fierce, and PNUT needs to keep innovating, with its marketing efforts keeping pace; otherwise, it could easily be pushed out by other projects, leading to a price drop.
Furthermore, the regulation of the cryptocurrency market remains uncertain. If regulations become stricter in the future, the price of PNUT might be affected.
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