The value of Pudgy Penguins (PENGU) fell amid promoting strain post-airdrop. The PENGU token trades 50% off its peak, however what do analysts say as merchants purchase iDEGEN (IDGN) and Stacks (STX)?
Pudgy Penguins value prediction
Main crypto exchanges together with Binance, OKX and Bybit listed Pudgy Penguins (PENGU). This adopted the Pudgy Penguins airdrop of the official token to its NFT holders. With pleasure excessive, PENGU stormed to $0.068. Nevertheless, the worth rapidly slumped to $0.031.
This sharp sell-off additionally noticed the associated NFT’s ground value dip, from about 33 ETH to 16 ETH. As for the crypto token value, buying and selling quantity has continued to construct up and hovered round $2.6 billion previously 24 hours. Pudgy Penguins’ market cap stood at round $2.1 billion.
Whereas lots of the airdrop individuals bought off tokens and added to the large buying and selling exercise, analysts are saying PENGU could but bounce and explode. Crypto analyst Altcoin Sherpa shared the potential outlook on X.
Stacks value outlook amid BTC spike
Stacks (STX) is a cryptocurrency challenge seeking to convey Bitcoin DeFi to mass adoption.
Not too long ago, the layer-2 protocol unveiled its sBTC, a 1:1 BTC backed asset that unlocks decentralized finance on Bitcoin. It guarantees to convey DeFi to a brand new stage with the $2 trillion liquidity of the benchmark asset.
STX, the native token of the L2 has not too long ago surged amid BTC’s spike to a brand new all-time excessive. Now analysts say the robust assist above $2 amid bullish momentum may despatched Stacks value larger.
Crypto analyst Michael van de Poppe shared this prediction about Stacks:
“A large accomplishment for $STX. sBTC went reside, which is step one in the direction of Bitcoin DeFi. From a value motion perspective, it’s nonetheless holding as much as crucial ranges, and I count on we’ll see a continuation in the direction of the earlier excessive. It’s nonetheless purchase the dip season.”
iDEGEN value prediction as AI brokers soar
On Dec. 18, crypto change Binance added AI agent tokens ai16z and AIXBT amongst these listed on the newly unveiled platform Binance Alpha. The market is upbeat this would possibly solely be the beginning of many extra AI agent initiatives hitting the crypto change.
iDEGEN (IDGN) is a type of seeing huge investor curiosity as patrons flock to its pre-market public sale.
Whereas an AI agent, iDEGEN has its personal distinctive trait. It’s a synthetic intelligence-powered mannequin whose coaching is totally uncensored. It learns completely from the posts of its followers on X, getting all it thrives on from the chaos of the degen group.
The native token IDGN has attracted enormous numbers. At $0.126, the presale value is up greater than 100x since its preliminary providing worth of $0.00011. In simply three weeks, iDEGEN has raced to a presale elevate of over $6.2 million.
Forward of its itemizing on exchanges in January, its value might be manner larger amid the AI agent supercycle. May iDEGEN outpace AI-related tokens ai16z, AIXBT, Fartcoin and GOAT?
Study extra concerning the challenge right here.
