I have analyzed $PEPE; $PENGU; $BONK; $FLOKI
I decided to choose $PENGU, why PENGU?
👉 In terms of fundamentals, the project is not exactly a #meme but has a very practical approach to the mainstream, building relationships not only within the Solana, Ethereum defi market, but also with Wall Street and other tycoons.
👉 Achieved $10M in revenue from selling toys in Walmart supermarkets
👉 Burned 14% of total supply
👉 Technical analysis shows strong momentum, easy to break #ATH
Points to consider:
There is a dependence on the NFT market (current NFT volume is weak)
A significant amount will unlock this December, so it can't be held for long (December is still far away, I also don't intend to hold until then, just plan to trade)
I will gradually buy when the price drops after the CPI news, trade short-term and not hold for long.
$PENGU will drop sharply when the market declines and rise stronger than $PEPE when the market increases. For my part, I accept the risk in my trades.
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