PENGU Coin Price Prediction: Is This the Next Dogecoin Killer?
The post PENGU Coin Price Prediction: Is This the Next Dogecoin Killer? appeared first on Coinpedia Fintech News
PENGU, the Solana-based memecoin inspired by the Pudgy Penguins NFT brand, is seeing a dramatic price surge. Riding high on ETF optimism and explosive trading volume, PENGU has gained nearly 20% in the last 24 hours. As of writing, the price hovers around $0.01111, with market capitalization climbing to $699.85 million and 24-hour volume zooming 226% to $278.63 million.
Investor sentiment appears bullish amid speculation that institutional entry may be on the horizon. So, how far will the PENGU price surge? Is a Dogecoin rally on the cards? Read this price analysis for potential price targets.
Canary PENGU ETF: A Memecoin Meets Wall Street
The CBOE BZX Exchange has officially submitted a regulatory filing with the U.S. SEC to list and trade the Canary PENGU ETF. This marks a potential first-of-its-kind fund bringing together memecoins and NFTs. According to the filing, the ETF will allocate 80-95% of its portfolio to the PENGU token, while the remaining share will consist of Ethereum-based Pudgy Penguin NFTs.
Sponsored by Canary Capital Group LLC, the ETF is structured as a Delaware statutory trust, but will not be registered under the Investment Company Act of 1940. This move is seen as a major step in merging meme assets with traditional financial vehicles. If approved, I believe, the ETF could bring institutional exposure to PENGU, possibly legitimizing the memecoin in the eyes of retail and institutional investors alike.
PENGU Price Analysis:
On the 4-hour chart, PENGU has broken above the critical resistance zone at $0.01187, with price now targeting the next resistance at $0.01255. Bollinger Bands show widening volatility, while the RSI has surged to 78.12, cautioning overbought conditions but also strong bullish momentum.
Volume metrics support the rally, with a 226% rise in daily trading volume signaling significant accumulation. The recent bounce off the support near $0.00960 aligns with historical demand zones, and price action above the 20-SMA currently at $0.00984 further confirms the upward trend.
That being said, if buying pressure persists, PENGU could test $0.01255 soon. However, a near-term correction is possible given the overheated RSI.
Wondering where Dogecoin price could head in the future? Read our Dogecoin (DOGE) Price Prediction 2025, 2026-2030!
FAQs
PENGU Coin is a Solana-based memecoin inspired by the Pudgy Penguins NFT collection, which brings together crypto humor with community-driven value and utility.
The $1 would require massive market cap growth. While possible in the long term, it’s unlikely anytime soon without major adoption, utility expansion, or ETF-driven demand.
Pengu is available for sale across major crypto exchange platforms like Binance, Coinbase, Orca, among others.
Yes, Pengu coin can be a great buy for the short term, considering its position in the memecoin category.
Trump Calls Bitcoin “Amazing”, Says “I Built the Bitcoin Industry”
The post Trump Calls Bitcoin “Amazing”, Says “I Built the Bitcoin Industry” appeared first on Coinpe...
BlackRock XRP ETF Buzz Grows as Ripple SEC Lawsuit Nears End
The post BlackRock XRP ETF Buzz Grows as Ripple SEC Lawsuit Nears End appeared first on Coinpedia Fi...
13 Reasons Why Polkadot Is Dead
The post 13 Reasons Why Polkadot Is Dead appeared first on Coinpedia Fintech NewsIt raised millions...