Peanut (PNUT) Gains Traction with New Exchange Listings
#CryptoMarketMoves #Pnut #Write2Earn! #BinanceSquareFamily #Market_Update In a notable development, Peanut the Squirrel (PNUT), a community-driven cryptocurrency inspired by a popular Instagram character, has recently been listed on MEXC and LBANK without any listing fees, highlighting strong community backing.
Market Performance & Technical Analysis :
Currently, PNUT is trading up **9.16%**, with a Relative Strength Index (RSI) of **44**, indicating neutral momentum. Earlier, it reached a market cap of **$130 million** before stabilizing around **$59 million**. PNUT appears to be forming a bullish falling wedge pattern, potentially aligning with a Bitcoin recovery, offering investors reasons for optimism.
Trading Volume & Popularity :
Daily trading volume stands at **$187,876,966**, though it has decreased by **42.60%** in the last 24 hours. PNUT outperforms many peers in the meme cryptocurrency sector despite broader market struggles.
Key Metrics & Price Highlights :
- All-Time High :** $0.1279 (November 3, 2024)
- All-Time Low :** $0.04452 (November 4, 2024)
- Current Price :** 33.24% above the all-time low
- Market Cap :** $59,447,124
- Ranking :** #592 on CoinGecko
- Fully Diluted Valuation (FDV) : Mirrors the current market cap
Community Power & Celebrity Influence :
The emotional resonance of PNUT stems from the tragic story of Peanut the Squirrel, which has galvanized a passionate community. Even notable figures like Elon Musk have referenced the token, driving investor interest.
Conclusion & Advice :
With its community support and recent exchange listings, PNUT has the potential for growth. However, investors should watch key support at **$0.04452** and resistance around **$0.070**. Proceed with caution, as market dynamics can shift rapidly, and make informed decisions based on these critical levels.