Pudgy Penguins has been a major disruptor in the non-fungible token (NFT) and meme coin industry. Its NFT collection has already sold over $600 million in value in the past few months.
PENGU, its token, has surged by over 780% from its lowest level this year, giving it a market capitalization of over $2 billion. The developers hope that the upcoming game launch and the Canary Capital PENGU ETF will boost its price in the long term.
However, history shows that crypto investors are always looking for the next big thing. This explains why Pudgy Pandas, a new Asian rival to Pudgy Penguins, is going viral and raising tons of money doing so.
Pudgy Pandas, a Pudgy Penguins Rival, is Thriving
The Asian market has become a trendsetter in the cryptocurrency industry. In most cases, new themes emerge in the region and then become hits in Western countries, including those in Europe and the United States.
A good example of this is the performance of Binance, an Asian crypto exchange that handles more volume than top American companies like Coinbase, Kraken, and Gemini, combined.
Another example of this is Moo Deng, a meme coin that initially gained popularity in Asian countries before spreading to Western countries a few days later.
Pudgy Pandas, a new cryptocurrency that’s going viral on Chinese social media platforms like WeChat, Weibo, Douyin, and Kuaishou, is raising a significant amount of money as investors bet it can become the next big thing.
Data on its website shows that the coin has already raised over $310,000 in less than 24 hours. This makes it one of the most successful presale tokens this year.
This growth is likely happening as Chinese, South Korean, and other Asian whales accumulate it. It will then gain momentum when American and other European investors take note.
Why PANDA Token Could Thrive
There are several reasons why the PANDA token is poised to outperform Pudgy Penguins in the long term. First, it is based on the panda, a highly beloved animal in the Asian continent. History shows that meme coins based on beloved Asian animals tend to thrive over time. Three good examples of this are Shiba Inu, Floki, and Moo Deng.
Second, in addition to being a meme coin, the tokenomics call for the creation of a Panda Conservation Fund. 10% of all the tokens will go to charities working to save the pandas. Also, for every new panda that is born, 1% of the remaining allocation will be burned over time.
Third, there is the element of scarcity, where the population of pandas is just 1,864. This is much lower than the millions of Penguins that exist today. Also, pandas are significantly fewer in number than Shiba Inu dogs. As Bitcoin has demonstrated, scarcity is one of the best catalysts for a cryptocurrency.
Additionally, the PANDA price is currently selling at a bargain price. One token is going for $0.021, with the final listing price being $0.06055, meaning that current buyers can expect to make at least a 200% return when it lists in major exchanges on October 18. Hurry up and buy Pudgy Pandas here, and follow them on X for more updates.
This content includes marketing materials. Neither BanklessTimes nor the article’s author endorses any products mentioned here. Users should perform their own research before making decisions related to the token.
