The First Meme To Hit $1? Neither Dogecoin, Nor Shiba Inu, Traders Say

Pudgy Penguins (CRYPTO: PENGU) has traded mostly flat over the past month, even as fundamental developments strengthen the meme coin’s longer-term outlook.

Cryptocurrency Ticker Price Market Cap 7-Day Trend
Pudgy Penguins (CRYPTO: PENGU) $0.009500 $597.3 million -3.5%
Dogecoin (CRYPTO: DOGE) $0.1222 $20.6 billion -2.5%
Shiba Inu (CRYPTO: SHIB) $0.057666 $4.5 billion -1.9%

Trader Notes: Altcoin Sherpa said PENGU is not an attractive short at current levels, as it’s trading in a high-volume zone with relatively strong fundamentals.

He favours accumulation in the highlighted buy area, noting that while meme coin hype has cooled, PENGU …

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