Peanut The Squirrel (PNUT) has become the latest sensation in the meme coin sector, especially after its spot listing on Binance on Monday.
As of press time, the price of PNUT coin has increased by 530% over the past week, representing the fourth highest gain among the top 100 coins on the market. CoinMarketCap in this period. It is currently trading at $0.453, with a market cap of $414 million.
Inspired by the famous Peanut squirrel on Instagram, the meme coin is poised to become the next billion-dollar cryptocurrency.
However, marginalized investors are wondering whether it would be prudent to buy FOMO in PNUT now, given that a listing on Binance usually means a local top for meme coins. A few smart money investors are already turning their capital to low-cap coins like Pepe unleashed And Flockerz.
Peanut The Squirrel – The Latest Meme Coin Sensation Featuring Donald Trump and Elon Musk Narratives
Meme coins with huge mainstream popularity tend to generate outsized returns without fail. Notably, Pepe’s meteoric rise to becoming the third largest meme coin was largely due to Pepe The Frog’s popularity in internet culture.
The PNUT coin is no different. It is inspired by the popular squirrel Peanut, who has over 900,000 subscribers on his site. Instagram account, run by digital creator Mark Longo.
The squirrel took the internet by storm when Longo revealed it had been confiscated by the New York Department of Environmental Conservation. On November 1, a heartbroken Longo informed social media users that Peanut had been euthanized.
Everyone from the world’s richest man Elon Musk to United States Vice President-elect JD Vance has condemned NYDEC’s actions, with Musk even speaking at length about the issue in his latest interview with Joe Rogan.
Considering that Peanut The Squirrel became a rallying cry for Republicans right before the election, the PNUT coin benefited immensely from Donald Trump’s victory.
The price of meme coins has increased by 530% over the past week, also boosted by its List of Binance spots.
PNUT coin price prediction by experts indicates that the meme coin remains a great long-term investment. However, the possibility of a significant decline cannot be ignored.
PNUT Coin Price Prediction – Should Marginalized Investors Wait for Better Entry?
Binance listings are usually a local summit for meme coins. For example, analysts compared PNUT to Moo Deng, another “cute animal” inspired meme coin listed on Binance.
After an initial surge following the launch of Binance Futures, it saw a 50% decline.
However, Peanut The Squirrel has distinct advantages. For example, PNUT obtained a spot quote from Binance, which is considered much more bullish than Moo Deng’s Binance Futures quote.
Additionally, PNUT was listed on Binance amid extreme bull market euphoria, a phase experts call the “meme coin supercycle.” As a result, it is possible that it will experience a rather slight decline.
Popular crypto trader Sajad’s PNUT coin price prediction echoes this sentiment. He expects the meme coin to witness a strong bullish continuation in the coming days and only face a correction after reaching the $700 million mark.
Therefore, any slight pullback in PNUT price can be a great opportunity to buy the dip.
Could the new Meme coins PEPU and FLOCK offer similar returns?
Demand for new even small-cap meme coins remains extremely high, especially as Binance continues to integrate them onto its spot and futures platforms.
For example, Pepe Unchained (PEPU) has now raised over $27.2 million through its pre-sale funding. The new frog-themed meme coin added the last million dollars in less than 48 hours.
PEPU has managed to distinguish itself from other ordinary tokens, thanks to its native layer 2 ecosystem, upcoming coin launchpad, and enriching staking protocol.
PEPU holders will soon be able to benefit from extremely low trading costs, instant transactions, and the launch of new meme coins into the ecosystem, a proposition that has appealed to whales and retailers alike.
Unsurprisingly, smart investors are bullish on PEPU, with many eyeing returns between 10 and 100.
Likewise, whales stack another coin, Flockerz (TROOP). On Tuesday, just today, a whale purchased $53,000 worth of FLOCK in one go. transaction.
Perhaps these deep-pocketed investors think FLOCK could be a candidate for listing on Binance, given that the exchange prioritizes decentralization and low FDV, areas in which Flockerz excels.
Its DAO governance, vote-to-win platform, and attractive staking rewards also make it attractive.
Similar to PEPU, smart investors are calling Flockez the next 100x crypto.
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