Pudgy Penguins price has gone parabolic this year, making it one of the best-performing tokens in crypto. PENGU has jumped by nearly 1,000% from its lowest level in April, making it the top token during this altcoin season.
Pudgy Penguins token surge has transformed it into a cryptocurrency valued at over $2.75 billion. It has become the fourth-biggest meme coin in crypto after Dogecoin, Shiba Inu, and Pepe.
Bitcoin Penguins Launches With a Bang
Pudgy Penguins’ success has inspired the launch of other penguin-related tokens. One of them, Bitcoin Penguins, launched its presale token sale on Monday, July 27, and is already gaining momentum.
Data on its website shows that Bitcoin Penguins has already raised $300k in less than 24 hours. This is a sign of the substantial demand for Penguins-related assets, which are gaining momentum as Pepe and Dog-themed meme coins have recently.
Bitcoin Penguins is promoted as a better alternative to Pudgy Penguins. For one, while Pudgy Penguins is based on Ethereum, BPENGU is based on the Bitcoin network.
There are a few reasons why it is gaining momentum. First, each BPENGU is priced at $0.0010 today, a figure that will continue to rise during its presale. The final price before the token generation event (TGE) will be $0.00198, representing a 98% surge.
Second, the team believes that the token will reach $2 by November, representing a 1,000% surge from the original price. If this happens, the project will have a fully diluted valuation of approximately $1 billion.
Third, Bitcoin Penguins has a clear roadmap, with its presale lasting for just 30 days or immediately after $10 million is raised. This differs from other open-ended token sales that go on for months.
By launching in the next 30 days, the creators hope that it will coincide with the ongoing crypto bull run. Historically, cryptocurrencies launched during a bull run tend to do well over time.
READ MORE: Bitcoin Price Prediction: Top Reasons BTC Will Surge This Week
BPENGU Has Favorable Tokenomics
The other primary reason the Bitcoin Penguins token is gaining momentum is that it features solid tokenomics. It will have a total supply of 10 billion tokens, with the presale tokens accounting for 5.5 billion, or 55%.
20% of the remaining funds will be allocated to its staking feature, while 10% will be reserved for liquidity. 5% will be allocated to the cold storage vault, and 5% will be reserved for NFT giveaways and airdrops.
The remaining 2% and 3% will be for the charity fund and team, respectively. This means that the team will have a small share, making it a community token.
Furthermore, Bitcoin Penguins has a lot planned, which is likely to lead to a price surge similar to that of Pudgy Penguins. For example, they plan to announce several partnerships within the next 30 days, including one with a major toy manufacturer in the fourth quarter.
Click here to visit the Bitcoin Penguins website and buy BPENGU.
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