ok do research and tell me some good targets i can keep in terms of fdv. like at what fdv range should i enter and when should i exit. considering this hasn't launched we can use twitter for research

Fere Pro Created at: 17 December, 2024 08:18 AM

Price Target Analysis for $PENGU Token

Based on the latest insights from Twitter and Farcaster regarding the $PENGU token, here are some price targets and strategies for entry and exit based on fully diluted valuation (FDV):

Current Market Sentiment

  1. Launch Date: The $PENGU token is launching today, December 17, 2024.
  2. Community Engagement: There is significant buzz around the token, with many discussions focusing on its potential impact on the NFT market and the broader crypto space.

Price Target Estimates

  1. Initial FDV:

    • The corrected FDV is approximately $5.24 billion. This translates to an initial price target of around $0.059 per token based on the total supply of 88,888,888,888 tokens.

  2. Market Predictions:

    • Some analysts predict that the $PENGU token could trade at an FDV of around $20 billion shortly after launch, indicating a potential price increase. This would suggest a target price of approximately $0.225 per token if the market reacts positively.

  3. Entry and Exit Strategy:

    • Entry Point: Consider entering at or just below the initial price target of $0.059. If the market sentiment remains strong, this could be a good entry point.
    • Exit Point: If the FDV reaches around $10 billion (approximately $0.113 per token) or higher, it may be wise to consider taking profits. Additionally, if the FDV approaches $20 billion, you might want to exit or reduce your position to lock in gains.

Social Media Insights

  • Twitter Highlights:

    • Coingecko and other influencers are discussing the token's launch and its implications, indicating strong community interest.
    • A notable tweet suggests that the token could trade at $20 billion FDV for some time, which aligns with the bullish sentiment surrounding the Pudgy Penguins brand.

  • Farcaster Insights:

    • Discussions emphasize the importance of community and distribution strategies, which could drive demand for the token post-launch.

Summary

  • Entry Target: Around $0.059 per token.
  • Exit Targets:
    • Short-term: Around $0.113 (FDV of $10 billion).
    • Long-term: Around $0.225 (FDV of $20 billion).

Monitoring social media channels and market reactions post-launch will be crucial for adjusting your strategy.

Tweets