The price of Pudgy Penguins (PENGU) fell amid selling pressure post-airdrop. The PENGU token trades 50% off its peak, but what do analysts say as traders buy iDEGEN (IDGN) and Stacks (STX)?
Pudgy Penguins price prediction
Major crypto exchanges including Binance, OKX and Bybit listed Pudgy Penguins (PENGU). This followed the Pudgy Penguins airdrop of the official token to its NFT holders. With excitement high, PENGU stormed to $0.068. However, the price quickly slumped to $0.031.
This sharp sell-off also saw the related NFT’s floor price dip, from about 33 ETH to 16 ETH. As for the crypto token price, trading volume has continued to build up and hovered around $2.6 billion in the past 24 hours. Pudgy Penguins’ market cap stood at around $2.1 billion.
While many of the airdrop participants sold off tokens and added to the massive trading activity, analysts are saying PENGU may yet bounce and explode. Crypto analyst Altcoin Sherpa shared the potential outlook on X.
Stacks price outlook amid BTC spike
Stacks (STX) is a cryptocurrency project looking to bring Bitcoin DeFi to mass adoption.
Recently, the layer-2 protocol unveiled its sBTC, a 1:1 BTC backed asset that unlocks decentralized finance on Bitcoin. It promises to bring DeFi to a new level with the $2 trillion liquidity of the benchmark asset.
STX, the native token of the L2 has recently surged amid BTC’s spike to a new all-time high. Now analysts say the strong support above $2 amid bullish momentum could sent Stacks price higher.
Crypto analyst Michael van de Poppe shared this prediction about Stacks:
“A massive accomplishment for $STX. sBTC went live, which is the first step towards Bitcoin DeFi. From a price action perspective, it’s still holding up to critical levels, and I expect we’ll see a continuation towards the previous high. It’s still buy the dip season.”
iDEGEN price prediction as AI agents soar
On Dec. 18, crypto exchange Binance added AI agent tokens ai16z and AIXBT among those listed on the newly unveiled platform Binance Alpha. The market is upbeat this might only be the start of many more AI agent projects hitting the crypto exchange.
iDEGEN (IDGN) is one of those seeing massive investor interest as buyers flock to its pre-market auction.
While an AI agent, iDEGEN has its own unique trait. It’s an artificial intelligence-powered model whose…