PENGU, FARTCOIN Prices Pump as Meme Coins See Christmas Rally
The holiday season has brought early gifts to the memecoin market, with several projects gaining significant upward momentum and reaching huge milestones. Leading the way are $PENGU and $FARTCOIN.
Investors and enthusiasts are now speculating whether new memecoin presales like Wall Street Pepe ($WEPE) and Flockerz ($FLOCK) will follow suit.
Chunky Penguin and Fartcoin Lead Christmas Meme Coin Rally
The cryptocurrency market exploded on Christmas Eve this year, with meme coins stealing the show.
While Bitcoin’s return to $98,000 has brought new enthusiasm to the industry, Pengu and Fartcoin have attracted investors by ranking 5th and 10th respectively in the memecoin market capitalization rankings.
Pudgy Penguins joins top 5 meme coins
Pengu is the official token of the Pudgy Penguins NFT series. Its market value has reached more than 2.2 billion US dollars, ranking fifth in the meme currency market value ranking. The coin surged from $0.028 on December 24 to $0.038 today, a massive gain of 35% in one day.
Although momentum has waned, the meme coin has managed to hold on to most of its gains. However, while currently consolidating, $PENGU’s breakout of the descending triangle chart pattern has sparked more speculation of further price gains.
The coin’s performance comes after its controversial launch on December 17, which initially caused Chunky Penguin NFT price plummets Additional selling pressure resulted from heavy airdrop claims. Despite early backlash from NFT holders, Pengu’s accessibility attracted a wider investor base. Analysts now predict the coin could hit $0.05 before facing significant resistance.
The meteoric rise of Fartcoin
Not to be outdone, Fartcoin has become the tenth largest meme coin after a record-breaking rally following its release. The daily increase of legal currency is as high as 1712.76%, which is an astonishing increase and has even attracted the attention of traditional financial people.
Prominent TradFi financial analyst Charlie Billelo highlighted Fartcoin’s rise on Twitter, adding credibility to the token’s momentum:
“With a market capitalization of $1.3 billion, Fartcoin is currently worth more than 786 companies in the Russell 3000 Index.”
As the meme coin market regains investor confidence, Pengu and Fartcoin have become symbols of the industry’s resilience.
Wall Street Pepe and Flockerz Will the Next Meme Coin Explode?
With established memecoins like Pengu and Fartcoin dominating the market, attention is turning to emerging projects, with investors looking to get in early and grab the best token prices.
Wall Street Pepe ($WEPE) and Flockerz ($FLOCK) have attracted a lot of attention in recent days, with encouraging pre-sale results.
wall street pepe Combining the appeal of the Pepe meme with a clever nod to Wall Street traders created a story of beating a crypto trading whale in the crypto trading whale game that resonated with investors.
The project is raising nearly $2 million a day and has raised more than $35 million in presales to date, demonstrating its potential to capture the next wave of meme coin craze.
The success of the WEPE pre-sale lies in its community-focused approach, emphasizing the utility it will provide investors – in the form of alpha calls, trading groups and competitions, short and long calls, and more.
With its launch imminent, analysts predict that $WEPE could rival top meme coins once it hits the public markets.
FlockzA bird-themed meme coin also attracted widespread attention, raising nearly $8 million during its pre-sale period. The project is built around the FlockTopia DAO and introduces a vote earning protocol to reward participants for participating in the community.
This approach to community governance solves a common problem in DAOs: declining member participation over time.
FLOCK tokens are currently available for purchase at a discounted price of $0.00653, with staking options offering impressive annualized returns of up to 353%. With the pre-sale ending in January, investors have a limited time to obtain the tokens before their debut on the Flockerz exchange.
