Pengu, a cryptocurrency based on the Pudgy Penguins memes (PENGU), has surpassed Bonk in market cap with a value of 2.65 billion dollars.
This shift marks the end of an uprising that began on Christmas Eve, when the token had gained more than 30% in just 24 hours.
PENGU Rises
CoinGecko – Crypto price tracker: Data shows Market valuation of the Solana meme coin has risen to 18.2 billion dollars, an increase of 10.3% over the past day.
PENGU was the star performer, with an impressive 11.2% increase in just 24 hours.
This meme coin is a great way to spread the word. airdropped The announcement of the Pudgy Penguins NFT Community on December 17 has been controversial. The NFT floor price was set shortly after the launch of the token. plunged The market has fallen by over 50% since the beginning of November, and any gains that have been made are now gone.
This was due in part to the low value of the collection, according to analysts pegged PENGU makes it easier for investors to invest in NFTs, thereby reducing their value.
The coin reached a high record of $0.0684 on its first roll out before falling to a low record of $0.0114. For the following days it sawsawed, fluctuating between $0.038 December 18 and $0.0231 December 20. Since December 23, however, it has made steady gains. It reached a high of $0.0417 at Boxing Day. This price pushed the market capitalization to $2.62 Billion.
BONK Falls
BONK was the previous leader of Solana meme coin, but its price only improved modestly over the past seven days. It rose 6.9% during that time. It lost another 17% over the course of two weeks. CoinGecko showed a further 23% decline over 30 day.
It doesn’t. Dogwifhat, Fartcoin and other memes tokens such as WIF (WIF), are competing for investors’ attention. On Christmas Eve the first reached a high of an all-time high The value of the company has now surpassed $1 billion.
Fartcoin, however, has dropped 15% from December 25 to the current price of $0.986, even though it was amongst top performers in seven days, with a 13.1% increase. A unit costs about $0.986, but its market cap of $1.072 is far behind WIF, at $1.9 million.
Binance Free $600 (CryptoPotato Exclusive): Use this link Binance offers a special welcome package of $600 to all new accounts. (full details).
CryptoPotato users get a special offer at Bybit Use this link To register, and to open $500 of FREE trades on any coin.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cryptopotato.com
