Peanut The Squirrel Price Prediction: PNUT Pumps 4% After Kraken Listing News As Crypto All-Stars ICO Soars Toward $6 Million

The Peanut The Squirrel price pumped 11% in the last 24 hours to trade at $1.29 as of 5.35 a.m. EST on trading volume that surged 50% to $1.63 billion.

Peanut The Squirrel emerged as one of the top performers in November, skyrocketing from $0.05217 on November 4 to an ATH at $2.47 only 10 days later, on November 14. The token then saw a strong correction, but it started a new wave of recovery which allowed it to surge in the last 24 hours.

The price increase came after news of the upcoming listing on the Kraken crypto exchange emerged. Kraken added the token, among several others, on its listing page, causing the PNUT community to double down on the popular new meme coin.

Furthermore, crypto users on X speculated that this might not be the end of major news for PNUT. The token was already listed on Binance and paired against BTC, being only the second meme coin ever to get this listing, after Dogecoin became the first. This will make it easier for whales to buy it, according to speculators.

The news of the upcoming listing on Kraken came next, which might mean that Coinbase could be the next to add the popular token. The exchange has doubled down on listing hit cryptos ever since Trump’s re-election, suggesting that the exchange is optimistic about the future of cryptos in the US.

Peanut The Squirrel Price Prediction

Peanut The Squirrel’s price has seen a major surge in the last 24 hours, with its Bollinger bands seeing a massive widening as the price pushed the upper band, only to suddenly separate from it some six hours ago.

This was around the time when PNUT reached $1.40, and then its price corrected toward $1.30. The price dropped to the middle point between the two bands, but in the last two hours or so, it continued its descent to the lower band.

The bands themselves have narrowed significantly in the last hour or so, suggesting strongly that the correction is taking place.

The project’s Relative Strength Index (RSI) metric is showing a more straightforward version of events — the buying pressure pushed the RSI value up into the overbought zone, to the value of 82.45. Then, traders started taking profit, and the RSI spiraled down to the neutral zone at 50.

This is where it finds itself right now, at the time of writing. Given the fact that the price has dropped to the support at $1.30, and the RSI is in the neutral zone, it is unclear what will happen next. If the support ends up being strong enough, traders might decide to move in and buy the dip right now, not waiting for the RSI to keep heading down to the oversold area.

Alternatively, if the selling pressure breaks the support, the RSI will likely continue spiraling down. However, given that Bitcoin is currently trading in the green and working towards hitting $100k, it is likely that the bulls will return before the support breaks, and that PNUT could see the start of a recovery in the hours to come.

Promising Alternative To Peanut The Squirrel

Many investors are also doubling down on another meme coin in presale that’s called Crypto All-Stars (STARS).

STARS is one of the hit ICOs that emerged in the second half of this year. The project immediately captivated the attention of crypto communities thanks to its unique new staking platform known as MemeVault. In its essence, this is a new staking smart contract that is the first contract to allow users to stake multiple meme coins in one place.

All other smart contracts for staking only support a single cryptocurrency – the native coin or token of the project that created the contract.

MemeVault, on the other hand, intends to add support for as many meme coin as possible. Right now, it supports Dogecoin, Pepe, Floki, Shiba Inu, Coq Inu, Brett, Turbo, Milady, Toshi, Mog Coin, and Bonk.

However, this is only the beginning, and more coins and tokens will be added later on, after the project concludes its ICO. This gives it a permanent use case, as it will position STARS as the center of meme coin staking, making the process much simpler and more accessible.

Now, those with large meme coin portfolios can stake all of their meme coins in one place.

That is also what a popular crypto YouTuber, ClayBro, who has over 132k subscribers, said when he recommended taking full advantage of the meme coin super cycle with Crypto All-Stars.

Holders can also stake STARS itself for a huge 336% annual return.

So far, the project’s ICO raised over $5.8 million, and its presale is set to end in 25 days.

STARS currently still sells for $0.0016125 and it can be bought on the STARS website here.

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