PENGU has been performing quite well recently. The stock price surged 19% in a week, not only outpacing fellow meme coins like Dogecoin and Shiba Inu, but also showing some technical appeal.
Many traders have their eyes on this momentum. Altcoin Sherpa captured signals of a reversal pattern, and MacroCRG followed up with a buy confirmation. Kook Capital chimed in from a brand narrative perspective, believing the project itself has strong narrative support, and this breakout is already in motion with potential to reach new all-time highs.
Everything looks optimistic? Not so fast. Analyst aixbt poured cold water on it—PENGU's price-to-earnings ratio is relatively high by traditional company standards, with valuation risk clearly present. What's even more sobering is that the U.S. Securities and Exchange Commission recently hit pause on hybrid ETF applications based on NFT assets, saying it needs more time to study the matter.
While the momentum is hot, it's worth considering these risk factors before entering the market.
PENGU has been performing quite well recently. The stock price surged 19% in a week, not only outpacing fellow meme coins like Dogecoin and Shiba Inu, but also showing some technical appeal.
Many traders have their eyes on this momentum. Altcoin Sherpa captured signals of a reversal pattern, and MacroCRG followed up with a buy confirmation. Kook Capital chimed in from a brand narrative perspective, believing the project itself has strong narrative support, and this breakout is already in motion with potential to reach new all-time highs.
Everything looks optimistic? Not so fast. Analyst aixbt poured cold water on it—PENGU's price-to-earnings ratio is relatively high by traditional company standards, with valuation risk clearly present. What's even more sobering is that the U.S. Securities and Exchange Commission recently hit pause on hybrid ETF applications based on NFT assets, saying it needs more time to study the matter.
While the momentum is hot, it's worth considering these risk factors before entering the market.