Peanut The Squirrel Price Prediction – Is Pnut Worth To Buy And Hold?

Peanut the Squirrel (PNUT), a Solana-based meme coin, gained mainstream attention after being listed on the Binance exchange, pushing it to an all-time high of $2.47.

However, PNUT has since dropped 42% from its peak, now trading at just under $1.50, with a market cap of around $1.4 billion and a daily trading volume of about $702.59 million.

With recent fluctuations in its price and market cap, many wonder if it’s worth buying PNUT at its current floor price or whether the token has bottomed out. Let’s break it down.

Peanut the Squirrel (PNUT) price prediction

Peanut the Squirrel saw a 10% price movement in a single day, signaling high volatility. Its market cap climbed from $1.08 billion to $1.5 billion within a week—a strong 50% gain. However, reaching its previous high of $2.24 billion remains challenging, with resistance levels proving tough to break.

On the technical front, PNUT shows signs of a bearish reversal. The token appears to be in a rising wedge pattern, often associated with downward momentum. While the floor price seems stable around $1.10-$1.20, strong selling pressure between $1.90 and $2.48 makes further upward movement uncertain.

Meme coin popularity continues to rise, with global search volumes for such tokens hitting an all-time high. This trend benefits coins like PNUT as more investors explore the sector.

PNUT boasts 53,000 X (Twitter) followers, demonstrating robust community engagement and ecosystem-building efforts. Even prominent figures like Elon Musk have mentioned it, fueling speculation about its future.

However, challenges persist. PNUT corrected 42% from its peak, and regaining momentum could take time, particularly if the market experiences another downturn. Some analysts suggest waiting for lower entry points, such as $0.15-$0.30, during a potential bear cycle.

PNUT is currently trading on Binance, one of the largest cryptocurrency exchanges globally, which ensures strong market liquidity and accessibility. However, it lacks a Coinbase listing, which could be a big growth catalyst if introduced in the future.

The absence of a Coinbase listing leaves room for speculation, but also underscores that PNUT might not yet have reached its full potential in terms of exposure.

Wall Street Pepe (WEPE): Alternative meme coin to consider

While PNUT struggles with resistance, other meme coins are gaining attention. One standout is Wall Street Pepe (WEPE), a low-cap ERC-20 token showing strong growth potential. This new meme coin raised $1 million in its ICO within just three days and has currently raised nearly $2 million.

$WEPE is currently priced at $0.000205, offering early investors an opportunity to enter before the price increases in the next presale stages. For more information on purchasing Wall Street Pepe tokens, potential investors can refer to our detailed guide.

$1Million raised in 3 days. The future is green. ????⚔️ pic.twitter.com/MnZiMCqKR0

— Wall Street Pepe (@WEPEToken) December 6, 2024

Interested buyers can purchase $WEPE directly from the presale website or through the Best Wallet app, available on the App Store and Google Play. Best Wallet users can access updates, project details, and have $WEPE tokens appear in their wallet before the official claim date.

Frog-themed meme coins are flooding the market, but Wall Street Pepe offers something unique. Unlike typical PEPE clones, it blends meme culture with real crypto tools, creating a practical and innovative ecosystem. While most meme coins rely on hype, Wall Street Pepe delivers real value.

The project levels the playing field for regular traders by providing insider trading tips and market insights. Think of it as a personal trading assistant tailored to the meme coin market. The “Wepe Army” investment group adds even more value, offering a space for traders to share strategies and learn from one another.

$WEPE’s staking rewards add extra appeal, offering an impressive 289% annual yield. In a short time, over 2.7 billion $WEPE tokens have been locked into the system. Additionally, community members can earn extra tokens by submitting successful trades, making the rewards system highly engaging and unique.

As meme coins continue to gain popularity, Wall Street Pepe stands out with its mix of humor, utility, and high rewards. This combination positions it for high growth, setting the stage for exciting developments in the coming weeks. See our $WEPE price predictions and explore the potential future of Wall Street Pepe.

For those looking to participate in the Wall Street Pepe presale, head over to wallstreetpepe.com.

Related

• PEPE Gains 128% in November as WEPE Presale Hits $400K – Is $WEPE December’s Top Meme Coin?
• Pepe Legacy Continues as Wall Street Pepe Explosive Launch Raises Over $1M in Days

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