China News Daily TheBitTimes.com

Pudgy Penguins (PENGU) is currently one of the best-performing cryptocurrencies in the market, rallying more than 600% over the last three months. The Solana-based memecoin has rallied 19.6% in the daily charts, 28% in the weekly charts, and 200.7% in the 14-day charts, 409.9% in the monthly charts. Even more impressive, PENGU rallied 601.6% over the previous three months, as CoinGecko reveals. Source: CoinGecko What’s Behind Pudgy Penguin’s 600% Rally? Source: Watcher.Guru Pudgy Penguins skyrocketed into the spotlight thanks to the project’s NFT collection. The NFTs are one of the most significant in the market right now. The collection has a market cap of about 143,897 ETH, with 8888 unique collectible cartoons. It currently sits behind CryptoPunks as the second-largest NFT collection. Pudgy Penguins launched its official PENGU memecoin on the Solana blockchain in December of last year. The coin has garnered considerable fame since its debut. PENGU’s rally was ...

The Pudgy Penguins price surged 31% in the last 24 hours to trade at $0.03798 as of 9:34 p.m. EST on trading volume that skyrocketed 117% to $1.4 billion. PENGU jumped to a $2.3 billion market capitalization, flipping Dogwifhat (WIF) at $2 billion to become the 5th-largest meme coin, according to CoinGecko .  Pudgy Penguins Price On A Sustained Bullish Rally The Pudgy Penguins price on the 1-hour chart displays a parabolic rally, surging from a low near $0.02552 on December 23 to its current level of $0.03798, reflecting an impressive short-term bullish trend. The chart shows the Pudgy Penguins price respecting a rising trendline (dotted line), and strong bullish candles support the upward momentum. A flag-like structure is visible in the latter part of the chart, suggesting a potential continuation of the rally if the PENGU price breaks above resistance. The 50-day Simple Moving Average (SMA) (green line) at $0.03094 is trailing behind the price, indicating a healthy upward t...