Pudgy Penguins is a collection of 8,888 NFTs that has gained attention from investors and collectors. This article examines current trends and forecasts for the PENGU token through 2031.
Overview of Pudgy Penguins
Pudgy Penguins was launched in July 2021, quickly selling out at a price of around $90 per NFT. Shortly thereafter, the price of the cheapest penguins soared to over $6,000; however, by early 2022, there was a significant drop, with prices falling to $1,000 amidst community issues and dissatisfaction with founder Cole Villemain. In January 2022, investor Luca Netz offered to buy the project for $2.5 million. Since then, the project has rebuilt its reputation and value.
Technical Analysis of PENGU
Currently, the price of PENGU is $0.035 with a market cap of $2.21 billion and a 24-hour trading volume of $712.78 million. Recent price analysis shows some upward trends, with technical indicators suggesting support for PENGU at $0.03 and resistance at $0.04. Recent formations are leading to price recovery and increased demand for PENGU tokens.
PENGU Price Predictions until 2031
The forecast for 2025 indicates the maximum price of PENGU could reach $0.0791 with a minimum of $0.0323 and an expected average price of $0.0763. In the long run, if Pudgy Penguins continues to expand and gain popularity, the PENGU price may reach $0.24 by 2031, with an optimistic scenario suggesting a price of $0.27.
Pudgy Penguins show steady interest in the NFT market, and with new management, further increases in their value seem plausible. The PENGU coin has the potential to earn investor confidence.
