According to popular cryptocurrency analyst, two low-cap mecoins will surge in value amid the low sentiment on the market.
Pentoshi, the pseudonymous expert. tells His 846,600 social media followers on the platform X he is bullish about PENGUThe utility token is for the project Pudgy Penguins that uses non-fungible (NFT). as well as The memecoin FwogFWOG).
PENGU was trading at $0.0244 at the time of this writing. The 88th-ranked cryptocurrency by market capital is up nearly 4 percent in the last 24 hour.
FWOG was trading at $0.187 as of the time this article is written. This 380th-ranked cryptocurrency by market capital is down almost 5% over the last day.
Pentoshi is also known as notes Crypto market sentiment has shifted. “extremely low.”
The charts are below for both the Market and Alts. What happened? The most likely cause is over-trading, where traders trade on small timeframes and ignore trends or large ranges.
The alts will see a big drop in returns as the cycle has been one of the least profitable in terms of returns.
“But if you take a look at the overall market, charts and sentiment are not aligned.”
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