{"id":598343,"date":"2024-11-14T12:58:07","date_gmt":"2024-11-14T12:58:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=598343"},"modified":"2024-11-14T12:58:07","modified_gmt":"2024-11-14T12:58:07","slug":"peanut-the-squirrel-price-prediction-is-pnut-the-next-dogecoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/peanut-the-squirrel-price-prediction-is-pnut-the-next-dogecoin","title":{"rendered":"Peanut the Squirrel Price Prediction – Is $PNUT the Next Dogecoin?"},"content":{"rendered":"

A new meme coin on Solana<\/a>, Peanut the Squirrel, has surged by 1378% over the past week, hitting a record high of $2.47. The coin has quickly emerged as one of the most impressive meme coins in the market, gaining immense attention and admiration.<\/p>\n

Following a supportive tweet from Elon Musk, who hinted at the impact of meme coins, the coin’s value surged dramatically.<\/p>\n

$PNUT, which currently holds a market cap of around $1.94 billion with its 1 billion token supply, has shown both explosive growth and significant volatility, drawing in a high volume of investments from buyers hoping for substantial gains.<\/p>\n

The rapid rise of $PNUT has already provided early investors with extraordinary returns, some seeing as much as a 1,000x on their initial investment. However, with the coin’s current elevated price, newer investors now face a higher level of risk if they aim to achieve returns on the same scale.<\/p>\n

Despite the risks associated with chasing a coin that’s already seen massive gains, there’s still potential for further price movement if market interest and buying pressure continue.<\/p>\n

With Peanut the Squirrel trading at over a billion dollars in market capitalization, some speculate that, if it reaches 20% of Dogecoin’s valuation, it could rise to around $10, offering a possible 400% gain from current levels.<\/p>\n