The price 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 price 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 price shortly slumped to $0.031.
This sharp sell-off additionally noticed the associated NFT’s flooring price dip, from about 33 ETH to 16 ETH. As for the crypto token price, buying and selling quantity has continued to construct up and hovered round $2.6 billion up to now 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 huge buying and selling exercise, analysts are saying PENGU might but bounce and explode. Crypto analyst Altcoin Sherpa shared the potential outlook on X.
Stacks price outlook amid BTC spike
Stacks (STX) is a cryptocurrency undertaking seeking to carry 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 carry DeFi to a brand new stage with the $2 trillion liquidity of the benchmark asset.
STX, the native token of the L2 has just lately surged amid BTC’s spike to a brand new all-time excessive. Now analysts say the robust assist above $2 amid bullish momentum might despatched Stacks price greater.
Crypto analyst Michael van de Poppe shared this prediction about Stacks:
“A massive accomplishment for $STX. sBTC went live, which is the first step towards Bitcoin DeFi. From a price action perspective, it’s still holding up to critical levels, and I expect we’ll see a continuation towards the previous high. It’s still buy the dip season.”
iDEGEN price prediction as AI brokers soar
On Dec. 18, crypto alternate Binance added AI agent tokens ai16z and AIXBT amongst these listed on the newly unveiled platform Binance Alpha. The market is upbeat this may solely be the beginning of many extra AI agent tasks hitting the crypto alternate.
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 man-made intelligence-powered mannequin whose coaching is totally uncensored. It learns totally from the posts of its followers on X, getting all it thrives on from the chaos of the degen neighborhood.
The native token IDGN has attracted large numbers. At $0.126, the presale price is up greater than 100x since its preliminary providing worth of $0.00011. In simply three weeks, iDEGEN has raced to a presale increase of over $6.2 million.
Forward of its itemizing on exchanges in January, its price could possibly be method greater amid the AI agent supercycle. Might iDEGEN outpace AI-related tokens ai16z, AIXBT, Fartcoin and GOAT?
Be taught extra in regards to the undertaking right here.