A popular crypto analyst, Pentoshi, is predicting a price surge for two low-cap memecoins, even though the overall crypto market is looking gloomy. With a massive following on X (formerly Twitter), Pentoshi shared his bullish outlook.
Two Memecoins to Watch
Pentoshi is betting on PENGU, the utility token for the Pudgy Penguins NFT project, and FWOG.
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PENGU: Currently trading at $0.0244, it’s seen a 4% increase in the last 24 hours. It’s ranked 88th by market cap.
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FWOG: Trading at $0.187, it’s down about 5% in the last day. It holds the 380th spot by market cap.
Why the Optimism? Market Sentiment is Low
Pentoshi points out that current market sentiment is extremely low. He attributes this to several factors:
- Over-trading and short-term focus
- Poor trading decisions (e.g., swapping good assets for bad ones)
- High-risk, low-reward strategies
Despite the negative sentiment, he believes the charts don’t fully reflect the situation, hinting at potential upside. He also notes that this crypto cycle is expected to yield smaller percentage returns compared to previous ones.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money./p>
