After the surprise listing of PENGU token on Robinhood, analysts are beginning to formulate price predictions. Specifically, some experts forecast a 70% increase in token value in the near term.
PENGU Listing on Robinhood
The listing of PENGU on the Robinhood platform has become a significant event for crypto investors, providing access to the token to a broader audience. This is particularly important for those who previously could not participate in the Pudgy Penguins NFT project due to its pricing.
Price Trend Analysis
Crypto strategist Olking notes that PENGU is showing a classic breakout pattern, setting $0.12 as a key resistance level. He suggests that growth could be similar to that observed with DOGE.
Community and Institutional Investor Engagement Surge
Analysts point to a surge in whale activity, with large holders accumulating over 14 billion PENGU tokens during a recent dip. This month, inflows totaling almost $12 million indicate growing interest from institutional players. Additionally, Cboe has submitted an application to launch a PENGU ETF through Canary, which could legitimize the token in traditional financial markets.
Thus, the successful debut of PENGU on Robinhood, supported by an increase in followers and community engagement, creates a foundation for significant price growth of the token in the near future.
