Pudgy Penguins is ruling the meme coin war this year as it continues to beat other tokens like Pepe, Shiba Inu, and Floki. PENGU price has jumped by over 900% from its lowest point this year, making it a giant token with a market cap of over $2 billion.
Bitcoin Penguins (BPENGU) has also become a major disruptor in the meme coin space, having raised over $1.5 million within three days. This article compares BPENGU and PENGU and identifies the one that will rule this year, making it a better investment.
The Case for Bitcoin Penguins
Bitcoin Penguins is a new cryptocurrency project inspired by the success of Pudgy Penguins and Bitcoin. Its goal is to become one of the biggest meme coin launches of the year. There are a few reasons why it beats Pudgy Penguins.
First, BPENGU offers a nearly guaranteed return to earlier investors as its price during the presale rises by 5%. It started trading at $0.001 on Monday this week and will end at $0.00198, representing a 98% jump.
Second, the team has addressed one of the biggest concerns of presale investors: the listing timeline. Unlike many open-ended presales that can last months, Bitcoin Penguin’s sale will end either within 30 days or when the project raises $10 million, providing clarity to investors.
Third, BPENGU has also addressed the insider concentration problem by allocating only 3% of the token to the team and advisors. Most of them are allocated to the community members, followed by staking and liquidity.
The other bullish case for Bitcoin Penguins is that crypto investors are constantly looking for the next big thing. In this case, many of them have already invested and made money from Pudgy Penguins and will be looking forward to the next shiny project.
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Pudgy Penguins Faces Key Risks
PENGU price has done well in the past few months because of the reputation of its NFT collection. Data shows that Pudgy Penguins is the 13th most popular NFT collection of all time, as it has had over $661 million in sales.
The token has also surged due to the upcoming launch of Pudgy World, a game that analysts believe will gain popularity within the community. This game’s success could help drive its gains over time.
However, Pudgy Penguins token faces three major challenges that may affect its price. First, the game’s launch could trigger a sell-the-news situation. This is a situation where investors buy an asset ahead of a major event and then sell it when it happens.
Second, as we wrote on Tuesday, the PENGU price has formed a double-top pattern, which may trigger more downside. This pattern comprises two peaks and a neckline and often leads to substantial downside.
Finally, the toke may go through a mean reversion this year as it remains much higher than the historical moving averages.
Therefore, given a choice between PENGU and BPENGU, there is a likelihood that users will select the shiny new token that offers substantial potential.
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Hurry up and buy Bitcoin Penguins here while it is still cheap.
