Move Over Dogecoin, Shiba Inu—Pudgy Penguins' PENGU Is The 'Most Asymmetric Bet In Crypto'

Pudgy Penguins native token PENGU (CRYPTO: PENGU) is gaining consideration because of its rising adoption and powerful fundamentals, prompting some to name it one of many most asymmetric bets in the market.

Cryptocurrency	Ticker	Value	Market Cap	7-Day Pattern
Pudgy Penguins	(CRYPTO: PENGU)	$0.03307	$2.07 billion	-11.7%
Dogecoin	(CRYPTO: DOGE)	$0.2011	$30.2 billion	-9%
Shiba Inu	(CRYPTO: SHIB)	$0.00001219	$7.18 billion	-5.8%

Dealer Notes: Zer0 argues that whereas many view PENGU as simply one other meme coin, it might be probably the most underestimated and uneven alternative in crypto at this time:

Regulatory Traction: PENGU is beneath formal SEC evaluate through a 19b-4 submitting, putting it in the identical class as main blue-chip tokens.
CBOE Assist: The Chicago Board Choices Change (CBOE) is backing the submitting—an unprecedented transfer for a memecoin.
Asian Market Adoption: Sturdy traction in Korea and China, the place PENGU is being embraced as a cultural mascot by critical alpha teams.
Established IP: Backed by the widely known Pudgy Penguins model, giving it a meme and merchandise edge.
Bullish Chart Construction: PENGU’s chart mirrors Dogecoin’s pre-2021 rally, with larger lows, constructing quantity, and powerful help.
Transparency: PENGU presents a public dashboard with real-time knowledge, setting it other than most meme cash.

Statistics: As per official knowledge, PENGU holders stand at 872,994 whereas the whole Pengu burned is at $375.4 million representing 13.7% of complete provide.

Neighborhood Information: Pudgy Penguins not too long ago announced PENGU’s itemizing on Robinhood’s superior buying and selling platform, making the token extra accessible to a broader investor base and probably boosting liquidity and inflows.

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Picture: Shutterstock

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