Not just Meme Coin, three reasons why PENGU's future development is promising

Pudgy Penguins has experienced team changes and market challenges to demonstrate strong viability. This article explores the potential and future development of PENGU Token, analyzes its unique value in the non-fungible token space and the impact of the upcoming Abstract L2. This article is from the article Sleeping in the Rain and compiled by PANews. (Synopsis: $PENGUAirdrop: 1 fat penguin non-fungible token can receive more than $80,000, Solana and Ethereum OGWallet can also claim) (Background added: exaggerated! Pudgy Toys was stolen from a large number of fat penguin toys QR codes in New York because of $PENGUAirdrop) Let's start with three points where I compare Bullish: 1, Pudgy Penguins survived after a series of events such as changing teams and new teams being fud, and they are alive and well. The key is that the team's strong self-hematopoietic ability - through a series of operations such as selling toys to use the IP of Penguin to make money (toys sell very well), ensuring the long-term operation of the project, such as the launch of the Metaverse and the issuance of coins is one of the results of its operation. You know, after Blur occupied the minds of users, the reason for the decline of many non-fungible token projects was "loss of royalty income". At that time, the incident also caused a lot of quarrels. If you have money, you can do things, and if you don't have money, it is difficult to do things. Isn't the Ethereum Foundation also selling $ETH do things (manual dog heads), grooved by the Ethereum Foundation. The team is at the heart of a project's continued development and expansion. Penguin's new team has proven itself – self-hematopoiesis + creating new expectations for the market (drawing bigger BTC). 2. $PENGU valuation Now we can think of $PENGU as a memecoin — a meme of a non-fungible token IP, which is probably how it feels. I see that many people also treat $PENGU as memes, and compare them to $DOGE $MEME $SHIB projects. But considering its upcoming Abstract L2, perhaps we should think of it as a Layer2 Ticker. Abstract is built on ZKSync's ZK Stack framework, and Mainnet should go live in January 25. Abstract features Native Account Abstraction. The simple understanding is that users can build and use Wallet with social information such as email. The Penguin team wants to build Abstract into a chain of consumer applications. Another point is that Abstract will allocate the income of the on-chain sequencer to tokenholders who actively participate in governance, and the tokens that participate in governance and divide are most likely $PENGU. Tokenholders participating in governance will have the right to direct future token emissions to an ecological project. At present, there are already some projects confirmed that they will be deployed after the Abstract Mainnet is live. It is worth mentioning that the Penguin team will realize the circulation of $PENGU between Abstract and the Solana ecosystem through LayerZero. However, considering the cold start and subsequent development in the early stage, Abstract should also have its own token in the future. $PENGU is likely to become a medium for users to earn Abstract Tokens, such as staking to accumulate points, just like Blur – Blast. In the early days, Abstract was governed by $PENGU, and later by Abstract Token and $PENGU holder. (I didn't find a very exact statement about Abstract Token here, if you know where it is written, or I understand the error here, welcome to share and correct) btw, the background of the capital is also very good. 3) Most of the Airdrop recipients have already sold their chips. The general process goes like this: Accumulationpumpdump. Let's talk about two points that compare Bearish Now: the overall market is not good, as we enter the Christmas-New Year market, the market is weak overall, and now is not a good time to buy coins. However, this time usually gives us a bottom. The future: When Abstract Mainnet goes live, Pudgy Toys players will get $PENGU Airdrop, with some new selling pressure. I don't think the impact will be great. If you like to buy $PENGU, it is best to wait for the broader market to stabilize + $PENGU flat. The expectation is that Abstract may link with $PENGU. If there is no linkage, selling is a better choice for short-term holders; For long-term holders, we can only hope for Abstract's future performance. Do your own research Related reports Fat Penguin Non-fungible Token floor price hit a new high! A 122,000 magnesium jumps, and the community shouts that PENGUAirdrop is at least 30,000 magnesium "Fat Penguin" trailer will be sent to coin $PENGU Open token economics, FTT holders can also receive Airdrop, Non-fungible Token floor price big pump "Not just meme coins, three reasons to be optimistic about the future development of PENGU" This article was first published in BlockTempo Dynamic Trend - The Most Influential Block Chain News Media".