Pudgy Penguins has surged by 24% in the past 24 hours, with its move to $0.01295 also marking a massive 156% gain in a week.
This comes as the crypto market as a whole drops by 1% today, with PENGU’s weekly return making it the best-performing top-200 coin in the last seven days.
Many analysts have only just begun jumping on the Pudgy Penguins hype train, with some saying that its bull market hasn’t even really started.
And with the coin still 81% down on its ATH of $0.06845 (set in December), it still has plenty of space to rise even further in the coming weeks and months.
Pudgy Penguins Explodes 156% – Why Analysts Say the Rally Is Far From Over – Price Prediction
Some traders are suggesting that Pudgy Penguins is getting ready to reach its ATH, with some arguing that it could happen sooner rather than later.
Aside from pure hype, some analysts have highlighted Pudgy Penguins’s use of NFTs as a key factor in why it will outperform during the current cycle.
Because it’s a popular collection of 8,888 NFTs, its native token PENGU will in theory attract more usage than meme coins without any obvious utility, boosting its price over time.
And it seems that traders are piling back into PENGU, after the wider market began recovering last week amid signs of a thawing in the recent tariff war between the US and China.
Its chart today shows that it’s at its highest level in terms of momentum since it listed back in December.
For instance, its relative strength index (purple) has risen to 80, which puts it firmly in overbought territory.
Source: TradingViewAt the same time, its 30-period average (orange) has jumped well above the 200-period average (blue), which indicates that buying is maybe getting too hot right now.
Yet the obvious comeback to this is that PENGU is still 81% below its record high of $0.06845, so it’s possible to argue that it still isn’t really overbought.
Based on this, and based on the hope that the US and China continue to climb down from their recent tit-for-tat tariffs, the Pudgy Penguins price could reach $0.015 in the next couple of weeks.
It could then hit $0.30 by the fourth quarter of the year.
New Altcoin Set to Soar as the Market Heats Up
PENGU looks like one of the most promising coins in the top 200 right now, yet it won’t be the only new alt doing well as and when the wider market continues its recovery.
There are also numerous newer tokens that are showing lots of potential at the moment, including several presale coins with bullish fundamentals.
One good example of this is Best Wallet Token (BEST), which has raised $11.8 million in its highly popular sale.
BEST is the token of the popular Best Wallet app, which since launching in 2023 has now grown to serve 250,000 monthly active users.
Holding BEST will provide a range of benefits to Best Wallet users, including discounts on transaction fees, greater staking yields, governance rights, and early access to new tokens.
These perks will help to draw new users to Best Wallet, which in turn will draw users to BEST, helping to boost the token over the longer term.
It’s also worth pointing out that Best Wallet’s official X account has just over 64,000 followers, a sign of how big the app and its native token could become in the future.
These ingredients mean that BEST is shaping up to be one of the biggest coin launches of 2025, with investors still able to buy it early at the Best Wallet Token site.
BEST is now selling at $0.02395, but this price will rise again in a couple of days, so traders should act quickly.
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