PENGU extends gains as Pudgy Penguins graduate from Binance’s Seed Tag
Main Idea
PENGU token gains momentum as Binance removes its Seed Tag, signaling confidence in the project, with analysts predicting further price surges.
Key Points
1. PENGU has surged over 25% in the past week following Binance's removal of its Seed Tag, indicating the project's maturation.
2. Binance removed the Seed Tag for PENGU, BONK, EIGEN, ETHFI, and PEPE after reviewing their security, team responsiveness, and other criteria.
3. Analyst Ali Martinez predicts PENGU could surge 120% to $0.075, supported by a bullish pennant formation and strong market sentiment.
4. Pudgy Penguins, the second-largest NFT collection, is driving the NFT market revival, contributing to PENGU's upward momentum.
5. The altcoin's price outlook is positive, with consolidation forming a triangle pattern and support around $0.3010.
Description
Digital assets remained hot on Monday, with prevailing sentiments suggesting continued bull runs. Meanwhile, Binance has sparked the altcoin season narrative by removing Seed Tag on Pudgy Penguins and four other projects. PENGU is in the spotlight due to its impressive performance fueled by organic demand . Binance’s July 21 announcement comes as Pudgy Penguins sees increased traction, reflected in community support and soaring trading volumes. Binance @binance · Follow Binance will remove the S...
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