Fast Overview
- PENG token is priced at $0.6557, with a 24-hour buying and selling quantity of $82,626,375.71, reflecting a 60.85% enhance up to now 24 hours and 105.66% during the last week.
- It hit an all-time excessive of $2.14 on March 15, 2024, however has since dropped 71.6%. It bounced again from an all-time low of $0.0837 on March 7, 2024, displaying a 626.4% enhance.
- PENG’s buying and selling quantity is led by Gate.io, contributing considerably to its liquidity. The token’s market cap is $64,027,963, with a circulating provide near 100 million.
- The token is outperforming the broader cryptocurrency market, which has declined by 1.80%, and has proven stronger development than the meme cryptocurrency phase.
- PENG’s worth fluctuated between $0.4025 and $0.7484 up to now 24 hours. Its worth change percentages point out excessive volatility, presenting each dangers and alternatives for buyers.
The cryptocurrency market is a dynamic and ever-evolving panorama the place tokens can expertise important worth fluctuations inside quick durations. One such token that has garnered consideration just lately is PENG. With its present worth standing at $0.6557 and a notable 24-hour buying and selling quantity of $82,626,375.71, PENG has proven spectacular development, boasting a 60.85% enhance in worth over the previous 24 hours and a staggering 105.66% enhance during the last week. Let’s delve into the historic efficiency, present market developments, and potential future implications for the PENG token.
PENG’s Restoration: 626.4% Enhance from $0.0837 ATL
The historic efficiency of the PENG token is marked by important volatility. PENG reached its all-time excessive (ATH) of $2.14 on March 15, 2024, a notable milestone highlighting its market potential. Nevertheless, the token’s worth has since fallen by 71.6% from this peak. Regardless of this, it has additionally demonstrated outstanding resilience, recovering from an all-time low (ATL) of $0.0837 on March 7, 2024, to its present worth, representing a 626.4% enhance from the ATL. These fluctuations underscore the risky nature of the cryptocurrency market and the potential for each speedy positive factors and important losses.
Gate.io Dominates PENG Buying and selling with $45M Quantity
A number of key developments are at present influencing the PENG token’s market efficiency. Firstly, the token’s buying and selling quantity and liquidity have elevated considerably, with Gate.io being the first trade. It contributes $45,065,463 to the 24-hour buying and selling quantity by way of the PENG/USDT buying and selling pair. Different exchanges like Bitget and Raydium additionally facilitate PENG buying and selling, broadening its market attain and liquidity.
The PENG token’s market cap stands at $64,027,963, with a completely diluted valuation matching this determine. The circulating provide is simply shy of 100 million tokens, highlighting a restricted provide that may drive up demand and worth. PENG’s present market cap rank is 615, reflecting its rising prominence amongst cryptocurrencies.
PENG Token Beats Meme Crypto Common with 57.6% Surge
When evaluating PENG’s worth efficiency to the broader cryptocurrency market, it turns into evident that PENG is outperforming many different tokens. Whereas the worldwide cryptocurrency market has skilled a slight decline of 1.80%, PENG has surged considerably. Moreover, throughout the meme cryptocurrency phase, which noticed a mean enhance of 10.90%, PENG’s development far exceeds this, indicating sturdy market confidence and curiosity.
The Token’s Worth Spikes 283% in 14 Days, 178.2% Month-to-month
PENG’s latest worth actions have been extremely risky. The token’s worth has ranged from $0.4025 to $0.7484 over the previous 24 hours and from $0.2618 to $0.6957 over the previous week. This volatility is mirrored in its worth change percentages, with a 1-hour enhance of 5.9%, a 24-hour enhance of 57.6%, and a 7-day enhance of 105.7%. Over the previous 14 days, PENG’s worth has surged by 283.0%, and over the previous 30 days, by 178.2%. These important fluctuations point out each the dangers and alternatives related to buying and selling PENG.
Market Occasions Affect PENG: BTC Strikes and Sentiments
A number of broader market occasions additionally affect the efficiency of PENG, notably occasions associated to Bitcoin (BTC), the main cryptocurrency. Notable occasions embody the Mt. Gox rehabilitation. On this occasion, the motion of over 75,000 BTC to an unknown pockets sparked hypothesis. This brought about a subsequent 2% dip in BTC worth. Moreover, whale accumulation of BTC has had important impacts. The launch of US spot Bitcoin ETFs has additionally influenced the market, boosting BTC costs and indicating shifts in market dynamics.
These occasions can have oblique results on PENG. Fluctuations in BTC costs and market sentiment usually ripple by way of all the cryptocurrency market. As an example, elevated BTC accumulation by whales suggests potential provide shortages. This will result in elevated funding in various tokens like PENG.
Predicting The Token’s Trajectory: Volatility and Progress
Wanting ahead, the token’s means to keep up liquidity and market curiosity will seemingly affect its future. Given its present efficiency and market developments, PENG has the potential to proceed its upward trajectory. Nevertheless, buyers ought to be cautious of the inherent volatility and the affect of broader market occasions on its worth.
The token’s comparatively low market cap rank and restricted provide counsel that it has room for development, particularly if it will probably appeal to extra buying and selling quantity and broader market acceptance. Moreover, the efficiency of main cryptocurrencies like Bitcoin will proceed to play an important function in shaping the market surroundings for PENG.
PENG’s Place in Crypto: Efficiency and Potential
This token has proven outstanding development and volatility in its latest buying and selling historical past. With important worth will increase over quick durations and a robust presence on main exchanges, PENG is positioned as a noteworthy participant within the cryptocurrency market. Nevertheless, potential buyers ought to be aware of the token’s volatility and the broader market developments that might affect its future efficiency. Traders can higher navigate the complexities of buying and selling this promising token by staying knowledgeable about market dynamics and PENG’s ongoing developments.
