PNUT Goes Ballistic With A 133% Surge As This Vote-To-Earn Meme Coin ICO Blasts Previous $1.2 Million

The Peanut The Squirrel value skyrocketed 133% within the final 24 hours to commerce at $0.1064 as of two.30 a.m. EST on buying and selling quantity that soared 79% to $137.66 million.

The challenge’s value surged within the final day after crypto trade KuCoin gave it a slot in its most up-to-date GemVote itemizing part, which the challenge acknowledged in a submit on X.

We’re very completely happy to see that @kucoincom gave us a slot of their most up-to-date GemVote itemizing part.

All people head over and do what @elonmusk stated:
“Vote for $PNUT!”https://t.co/YIWEY4NQi8

— $PNUT – Peanut The Squirrel | Fan Web page (@pnutsolana) November 5, 2024

Earlier than that, the challenge noticed numerous exchanges announce its itemizing, together with BingX and Gate.io, with extra more likely to come quickly. Lastly, PNUT additionally attracted a variety of consideration with its political posts amid the US presidential election because it publicly supported Donald Trump.

USA is 🥜’s for Trump 🇺🇸 pic.twitter.com/5B4oihdKPW

— $PNUT – Peanut The Squirrel | Fan Web page (@pnutsolana) November 6, 2024

Peanut The Squirrel Value Prediction

The final 24 hours had been a really optimistic interval for the crypto business, permitting most cryptos to recuperate from the losses seen during the last seven days. Bitcoin itself lastly reached a brand new all-time excessive at $75,361, and whereas the US elections are nonetheless not over, Trump appears to be within the lead, which additional inspired patrons to affix the business due to his crypto-positive stance.

Ought to the previous president return to his earlier place, it’s fairly attainable that the hype might kickstart the subsequent large rally. For PNUT, in fact, because of this the correction that the challenge is seeing may be minimize quick.

Proper now, the Peanut The Squirrel value has already seemingly discovered a powerful assist at $0.10, which allowed it to cease its correction and begin to recuperate.

The token’s Bollinger bands have began to slim from their widest level, seen about two hours in the past, however the value dropped from the higher band to the center level between the 2 bands, after which it began going up once more.

It is a bullish sign which means that merchants are transferring in to purchase the dip.

The token’s Relative Power Index (RSI) efficiency reveals that the metric has beforehand shot up, deep into the overbought territory, venturing past the worth of 80 for a complete of round 85.71.

Since then, it has dropped sharply as merchants began taking revenue, presently at 50.89. Nevertheless, with excessive optimism ruling the crypto market, this may be when the bulls transfer in to purchase the dip, not ready for the RSI to go to the oversold zone.

Nonetheless, the latest surge was a really sharp one, so an extra correction remains to be a chance, as promoting PNUT now remains to be extremely worthwhile. With that being the case, merchants ought to keep vigilant and proceed monitoring the state of affairs, because the bears may nonetheless enhance their stress and push the token’s value additional all the way down to a stronger assist.

Promising Different To Peanut The Squirrel

With Peanut The Squirrel correcting, traders may think about as a substitute a challenge known as Flockerz (FLOCK). It is a new meme coin that stood out to traders due to its new Vote-To-Earn (V2E) mannequin.

Flockerz calls itself “the folks’s meme coin,” and this identify goes again to the brand new mannequin which seeks to incentivize its token holders to take part within the challenge’s governance.

In different phrases, token holders get rewarded for weighing in and voting on varied choices involving the challenge.

By making certain a excessive charge of participation, the challenge additionally ensures that it’ll keep decentralized, in contrast to many others who’ve seen rising centralization as their neighborhood members began shedding curiosity in voting on each main and minor resolution involving the challenge.

Flockerz provides you a motive to remain an energetic member of its neighborhood, and on high of that it additionally presents a staggering 1,316% staking rewards for individuals who select to lock up their FLOCK tokens in assist of the challenge.

Its mannequin introduced a variety of assist to the challenge, with even influential crypto YouTuber ClayBro, who has over 130k subscribers, predicting that it might need 20x potential.

For the second, FLOCK remains to be in presale, permitting traders to affix its ICO and purchase the token for under $0.0059571.

These to affix traders who’ve socked greater than $1.2 million into the presale ought to act earlier than a value hike in lower than 3 days.

Visit FLOCK here.

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