Peng's Potential as the Next Biggest Meme Coin After Reaching an All Time High

Bittime - The Solana-based meme coin phenomenon continues to rise, with Peng, a new project, recently taking the top spot on DEXTools.io's list of trending tokens and reaching its highest value to date.

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Meme coins have seen a tremendous surge in recent weeks, with several new projects breaking into the top 100 projects list. Notably, Dogecoin (DOGE) and Shiba Inu (SHIB) are getting closer to the top 10 positions.

Among Solana-based meme coins like Bonk (BONK) and dogwifhat (WIF) that saw sudden price spikes, Peng (PENG) emerged as a prominent player in the crypto world.

With a unique theme around penguins, Peng differentiates itself between dog-based coins like $DOGE and $SHIB, and frog-based projects like Pepe (PEPE).

Also Read: XRP and USDT Token Holders Enter DeeStream (DST) Presale

Peng – The Latest Sensation in the Solana Meme Coin Space

Peng (PENG) not only attracts with its appeal but also spearheads innovation in the crypto space. The goal is to revolutionize decentralized finance (DeFi) and meme token culture while injecting warmth and liquidity into the Solana ecosystem.

With a community-centric approach, Peng encourages users and investors of all levels to actively participate in its growth and contribute to the expansion of the Solana ecosystem.

Strategic partnerships with major platforms such as Coinmarketcap, DEXSCREENER, GOTBIT, and DEXTOOLS, coupled with listings on exchanges such as MEXC, Bitmart, Jupiter, Raydium, Poloniex, Bitget, and Lbank, increase Peng's visibility and accessibility.

Amid the surge in Bitcoin (BTC) prices, the crypto market is experiencing another bullish phase, paving the way for Peng (PENG) to achieve significant progress. Based on the Solana blockchain, Peng has the potential to rise to the top 100 projects list in the near future.

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Price Prediction for Peng

In the last 24 hours, Peng's price surged 100%, reaching $1.15, accompanied by a 151% surge in trading volume, which contributed to Peng's incredible gain of over 1,000% since launching on Solana.

The excitement around Peng continues to grow, with more than 23,000 holders and a market capitalization of $115 million. Her increasingly strong presence on social media platforms, especially Twitter, with over 17,000 followers gained in a week, further strengthens her popularity.

Despite its limited utility, retail traders flocked to invest in Peng, triggering a significant price spike. Well-known influencers like @CryptoTalkMan, with more than 54,000 followers, acknowledged Peng's sudden surge, calling 2024 the "year of the penguin." 

Analysts are optimistic, predicting a potential price spike of up to $2 in the coming days.

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Peng Tokenomics – Similar to $PEPE

Despite Peng's increasing popularity, many traders are still curious about the essence of this project. Peng seems to be riding the wave of excitement surrounding Pepe (PEPE), one of the leading meme coins.

Peng features a cartoon penguin reminiscent of Pepe the Frog, albeit with his own unique twist. By embracing these similarities, Peng is positioning itself as "a cool new addition to the Solana blockchain."

Behind the playful branding, Peng's tokenomics follows the standard meme coin model, with a total supply of 100 million tokens with no tax on transactions. Additionally, the team has implemented measures such as permanent liquidity burn to mitigate potential issues.

With plans to award $100,000 in prizes to holders of Pudgy Penguins NFT collectibles, the excitement around Peng is growing, attracting investors who want to get in before it becomes widely known.

Also read: What is Pepe Coin (PEPE)?

How to Buy Crypto from Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.