Can PENGU Challenge Dogecoin in the Meme Coin Race?
The post Can PENGU Challenge Dogecoin in the Meme Coin Race? appeared on BitcoinEthereumNews.com.
PENGU token aims to rival Dogecoin, backed by the popular Pudgy Penguins NFT ecosystem and strong social media presence. Pudgy Penguins seeks mainstream success through movies, TV shows, and video games, boosting PENGU’s recognition in the crypto market. The crypto market has seen several exciting developments, one of the most recent being the rise of PENGU, the Pudgy Penguins token. It all started with a Binance listing that practically overnight quadrupled the token price, therefore transforming its worth. Under Luca Netz’s direction now, the token has a bold target: to top Dogecoin’s market cap. PENGU Ecosystem: A Unique Rivalry with Dogecoin Longstanding giant in the meme coin sector, Dogecoin raises a high standard for any rival coin. PENGU has, nevertheless, exhibited unexpected momentum as trade volumes rise consistently. Though Dogecoin is still a heavyweight, the idea behind PENGU—supported by the whole Pudgy Penguins ecosystem—may provide a different challenge. According to Altcoin Buzz, self-made millionaire Netz sees Pudgy Penguins as an intellectual property (IP) empire rather than only a coin. Potential movies, TV series, and even video games included in this idea could boost the brand much beyond its crypto beginnings. Starting as an NFT collection in 2021, Pudgy Penguins sold out its first 8,888 pieces in 20 minutes. Originally the idea of four college students, the collection was subsequently sold to Luca Netz in 2022 for 750 ETH, or $2.5 million at the time. Under Netz’s direction, the floor price of the brand skyrocketed; Lil Pudgy, with a smaller assortment and a price point of roughly $9,000, maintained while the main collection commanded almost $81,000 per NFT. Social Media Power and Early Achievements Propel PENGU Forward Beyond its NFT success, Pudgy Penguins has become somewhat well-known on social media sites like Instagram and TikTok. Regularly garnering hundreds of thousands—and perhaps millions—of…
Filed under: News - @ December 28, 2024 6:27 pm