Pudgy Penguins Kurs PENGU

Dogecoin (DOGE) price experienced a major 30% price decrease during the last month when it reached its $0.47 peak value in November 2024. Market bearishness, together with the industry-wide cryptocurrency market correction, remains responsible for this decrease. The market has induced considerable selling pressure, which has caused the DOGE price to fall below its vital $0.20 support threshold. A potential market recovery exists because the approval of a DOGE exchange-traded fund (ETF) remains uncertain. The market remains under bearish pressure which leads to uncertainty about the behavior of the price for DOGE. The following months will decide if the altcoin succeeds in recovering its previous market strength. Here is Why Dogecoin Price is Crashing By 5% Today? Dogecoin experienced a 5% price decrease throughout the last 24-hour period. The price of Dogecoin maintains $0.16 at present, although it reached its all-time high of $0.47 in November 2024. The declining price demonstrates a bearish market trend for Dogecoin along with its weekly market depreciation. The cryptocurrency’s price follows a pattern of enormous price swings, which social media reactions on X (formerly Twitter) significantly affect together with public endorsements by celebrities. Dogecoin’s value frequently changes due to high-level endorsement statements by Elon Musk along with social media activities. Wide forces in the cryptocurrency marketplace tend to direct changes in its market value. Dogecoin recently dropped after its price soared from a bull market in late 2024. The price of $DOGE reached new heights when the U.S. election produced hype about Trump and his corresponding discussions. The market’s attitude shifted when Dogecoin prices fell to half their value reached in November of last year while investor selling activity intensified. The present value of global crypto market capitalization amounts to $2.75 trillion despite a minor decrease of 0.49% over the day. The market volume shows a 26.06% contraction at $63.83 billion throughout the past day. $SHIB and $PEPE share declining patterns with the rest of the meme coins, while the cryptocurrency Pengu attracts increasing market interest. Crypto Analyst Predicts Potential 16% DOGE Surge Crypto analyst Zendon recently released a chart that demonstrates Dogecoin (DOGE) market expansion. The cryptocurrency has been consolidated while forming a triangular formation but signals potential breakout action now. The research analysis suggests a significant price increase would follow the successful breakout. A price rise of 16% might occur if Dogecoin breaks through its upper resistance trendline, according to the chart. Key Levels To Watch For DOGE Price? The MACD indicator currently suggests a marginally bearish analysis. The MACD line maintains a position that is slightly below its counterpart signal line suggesting an upcoming short-term price decrease. The Relative Strength Index (RSI) has achieved a position of 46 points, slightly below the middle value at 50. The essential support point lies at $0.15, which recent market movements have validated as significant. Further price declines would likely occur when the DOGE price prediction falls below its existing support level at $0.15. The resistance point in the DOGE chart currently rests at $0.17 while remaining steadfast as a barrier. The price of DOGE has the chance to rise toward $0.20 after it breaks through its current resistance point at $0.17.

Canary Capital files for first Pengu ETF with SEC, targeting investments in PENGU tokens and Pudgy Penguins NFTs alongside ETH and SOL. Canary Capital seeks SEC approval for Pengu ETF, focusing on PENGU tokens, NFTs, and other digital assets. PENGU token rallies 10% post-ETF filing amid robust trading on Solana platforms. SEC scrutinizes ETFs for meme coins and NFTs, reflecting volatility and market novelty concerns. Canary Capital has submitted a registration filing to the United States Securities and Exchange Commission (SEC) for the launch of the first-ever Pengu exchange-traded fund (ETF). This move adds to the growing list of crypto asset managers seeking regulatory approval for digital asset-based ETFs. According to the filing published on Thursday, the proposed ETF will invest in the PENGU token, which is the official token of the Pudgy Penguins NFT project, as well as in Pudgy Penguins NFTs themselves. The filing also states that the ETF will hold other digital assets, including Ethereum (ETH) and Solana (SOL), to support trading and transfers. PENGU Market Reaction and Price Movement Following the ETF announcement, the PENGU token saw a sharp 10% price increase during early trading. It broke above previous resistance levels and moved past the Ichimoku cloud, indicating a possible shift in momentum. The Relative Strength Index (RSI) for PENGU moved from 44.86 to 62 shortly after the news, indicating increased buying activity. The RSI remains below the overbought level of 70, suggesting that further gains are still possible. Many of the analysts are now focusing on the $0.0093 as the next level of resistance backed by the Robinhood listing last week. A breakout above that level means the token will be trading above the $0.010 mark, the first time in a month. However, if the momentum disappears, the token may fall back to $ 0.0062 support area. Mixed Reactions From the Crypto Community On Pengu ETF The ETF proposal has sparked different responses from traders and analysts online. Some have raised doubts about investor demand for a fund tied to a meme coin and NFT project that is less than six months old. $PENGU

Want to stay updated on the latest developments in crypto? Here are today’s top stories impacting Bitcoin prices, blockchain, DeFi, NFTs, Web3, and crypto regulation. Canary Capital Files for PENGU ETF Asset manager Canary Capital has submitted a filing to list an exchange-traded fund (ETF) backed by Pengu ($PENGU )—the governance token of the Pudgy Penguins NFT project, according to U.S. regulatory filings. The ETF is part of a growing wave of investment products tied to spot cryptocurrencies, including altcoins and memecoins. According to the filing, the ETF will hold spot PENGU alongside various Pudgy Penguins NFTs. If approved, it would be the first U.S. ETF to include NFTs. Additionally, the filing states: “The Trust will also hold other digital assets, such as $SOL and $ETH , that are necessary or incidental to the purchase, sale, and transfer of the Trust’s PENGU and Pudgy Penguins NFTs.” Launched in December, PENGU currently has a market capitalization of approximately $438 million, as of March 20, according to CoinGecko. Coinbase Becomes Ethereum’s Largest Node Operator with 11% Stake Coinbase has officially become the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether (ETH), according to its latest performance report. As of March 3, the crypto exchange had 3.84 million ETH staked, valued at approximately $6.8 billion. Coinbase also reported that it had exceeded its target for validator uptime, highlighting the platform’s reliability in securing the Ethereum network. Solana CEO Responds to Backlash Over Controversial Ad Anatoly Yakovenko, CEO of Solana Labs, has addressed the controversy surrounding Solana’s “America Is Back — Time to Accelerate” advertisement, which faced criticism for mixing patriotism, tech innovation, and political messaging on gender identity. “The ad was bad, and it’s still gnawing at my soul,” Yakovenko admitted in a March 19 post on X, after facing widespread backlash. Initially, Yakovenko downplayed the controversy but later acknowledged his mistake: “I am ashamed I downplayed it instead of just calling it what it is—mean and punching down on a marginalized group.” He also praised the Solana community for holding the project accountable. The ad, which was posted on Solana’s official X account, gathered 1.2 million views and 1,300 comments before being deleted nine hours later. Moving forward, Yakovenko pledged to keep Solana focused on open-source software development and decentralization, steering clear of cultural and political debates.

$PENGU current price is $0.006723, showing a +4.61% gain❗ A great sign for traders and investors watching this pair closely❗ The 24-hour high touched $0.006940, while the low was $0.006265—a solid range for volatility and potential profits❗ With a massive trading volume of 2.84B PENGU, liquidity is strong, and the action is heating up❗ This could be the start of something bigger❓ The chart is showing some signs of recovery, and if momentum continues, we might see a strong breakout soon❗ 🚨 $PENGU /USDT Trade Signal 🚨 Pair: PENGU/USDT Current Price: $0.006723 Trend: Signs of recovery after a dip 📈 🔹 Entry: $0.006600 - $0.006750 🔹 Target 1: $0.007200 🔹 Target 2: $0.007800 🔹 Target 3: $0.008500 🔹 Stop Loss: $0.006200 Risk Management: Always use proper stop-loss and position sizing to protect your capital❗$PENGU

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