Pudgy Penguins, team changes and market challenges, demonstrating strong survival capabilities. This article discusses the potential and future development of PENGU Token, analyzing its unique value in the Non-Fungible Token field and the impact of the upcoming Abstract L2. This article is sourced from an article by Yuzhongkuangshui, compiled and translated by PANews. (Previous summary: $PENGUAirdrop frenzy: one fat penguin Non-Fungible Token can receive over $80,000, Solana and Ethereum OGCüzdan can also receive) (Background supplement: Exaggerated! Pudgy Toys have a large number of fat penguin toy QR codes stolen due to receiving $PENGUAirdrop) Let me first mention three points I am more bullish about: 1. After experiencing team changes, new teams being fud-ed, and a series of other events, Pudgy Penguins survived and thrived. The key lies in the team's strong self-blood-making ability - using the penguin IP to make money (toys are selling well), ensuring the long-term operation of the project, such as launching Metaverse and issuing coins. It is essential to note that after Blur occupied the minds of users, many Non-Fungible Token projects declined due to 'losing royalty income.' This incident also caused a lot of controversy. Money is needed to do things; it's hard to do things without money. Isn't the Ethereum Foundation also selling $ETH to get things done (manual dog's head nod), the Ethereum Foundation's groove. The team is the core for the continuous development and expansion of a project. The new Penguin team has proven itself - self-blood-making + creating new expectations for the market (drawing bigger BTC). 2. $PENGU valuation Now we can completely treat $PENGU as a memecoin - a meme of a Non-Fungible Token IP, that's the feeling. I see many people also treat $PENGU as a meme, comparing it with projects like $DOGE $MEME $SHIB. However, considering its upcoming Abstract L2, perhaps we should treat it as a Layer2 Ticker. Abstract is built on the ZK Stack framework based on ZKSync, and should be launched on the mainnet in January 25th. The feature of Abstract is Native Account Abstraction. Simply put, users can create and use wallets using social information such as email. The Penguin team hopes to make Abstract a consumer application chain. Another point is that Abstract will distribute the income of the on-chain sorter to Tokenholders who actively participate in governance. The Token with high probability of participating in governance and dividends is $PENGU. Tokenholders participating in governance will have the right to direct the emission of future Tokens to a specific ecological project. Some projects have already confirmed that they will be deployed after Abstract mainnet launch. It is worth mentioning that the Penguin team will achieve circulation of $PENGU between Abstract and the Solana ecosystem through LayerZero. However, considering the early cold start and subsequent development, Abstract is likely to have its own Token in the future. $PENGU is very likely to become a medium for users to obtain Abstract Tokens, such as accumulating points through pledging, just like Blur - Blast. Early Abstract governance through $PENGU, later governance will be shared by Abstract Token and $PENGU holders. (I couldn't find a very definite statement about Abstract Token here. If you know where it's written, or if I misunderstood here, feel free to share and correct) By the way, the financial background is also good. 3. Most Airdrop recipients have already sold their chips. The general process is like this: accumulate chips, pump, dump. Now let me mention two more bearish points: Present: The overall market sentiment is not good, as we enter the Christmas - New Year market, the overall market is weak, now is not a good time to buy coins. However, these times generally give us a bottom. Future: When Abstract mainnet is launched, Pudgy Toys players will receive $PENGU Airdrop, there will be some new selling pressure. I don't think the impact will be significant. If you want to buy $PENGU, it's best to wait for the overall market to stabilize + $PENGU to stabilize. The expectation is that there might be a linkage between Abstract and $PENGU. If there is no linkage, selling is a better choice for short-term holders; for long-term holders, one can only hope for the future performance of Abstract. Do your own research. Related reports: Fat penguin Non-Fungible Token floor price hits a new high! Starting at 122,000 euros, the community is crazy about PENGUAirdrop at least 30,000 euros 'Fat Penguins' announce the release of the coin $PENGU public token economics, FTT holders can also receive Airdrop, the Non-Fungible Token floor price is experiencing a big pump - Should be 'büyük yükseliş' This article was first published on Moving BlockTempo, the most influential Blok chain news media.
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Sadece meme koini değil, PENGU'nun gelecekteki gelişimi için üç neden
Pudgy Penguins, team changes and market challenges, demonstrating strong survival capabilities. This article discusses the potential and future development of PENGU Token, analyzing its unique value in the Non-Fungible Token field and the impact of the upcoming Abstract L2. This article is sourced from an article by Yuzhongkuangshui, compiled and translated by PANews. (Previous summary: $PENGUAirdrop frenzy: one fat penguin Non-Fungible Token can receive over $80,000, Solana and Ethereum OGCüzdan can also receive) (Background supplement: Exaggerated! Pudgy Toys have a large number of fat penguin toy QR codes stolen due to receiving $PENGUAirdrop) Let me first mention three points I am more bullish about: 1. After experiencing team changes, new teams being fud-ed, and a series of other events, Pudgy Penguins survived and thrived. The key lies in the team's strong self-blood-making ability - using the penguin IP to make money (toys are selling well), ensuring the long-term operation of the project, such as launching Metaverse and issuing coins. It is essential to note that after Blur occupied the minds of users, many Non-Fungible Token projects declined due to 'losing royalty income.' This incident also caused a lot of controversy. Money is needed to do things; it's hard to do things without money. Isn't the Ethereum Foundation also selling $ETH to get things done (manual dog's head nod), the Ethereum Foundation's groove. The team is the core for the continuous development and expansion of a project. The new Penguin team has proven itself - self-blood-making + creating new expectations for the market (drawing bigger BTC). 2. $PENGU valuation Now we can completely treat $PENGU as a memecoin - a meme of a Non-Fungible Token IP, that's the feeling. I see many people also treat $PENGU as a meme, comparing it with projects like $DOGE $MEME $SHIB. However, considering its upcoming Abstract L2, perhaps we should treat it as a Layer2 Ticker. Abstract is built on the ZK Stack framework based on ZKSync, and should be launched on the mainnet in January 25th. The feature of Abstract is Native Account Abstraction. Simply put, users can create and use wallets using social information such as email. The Penguin team hopes to make Abstract a consumer application chain. Another point is that Abstract will distribute the income of the on-chain sorter to Tokenholders who actively participate in governance. The Token with high probability of participating in governance and dividends is $PENGU. Tokenholders participating in governance will have the right to direct the emission of future Tokens to a specific ecological project. Some projects have already confirmed that they will be deployed after Abstract mainnet launch. It is worth mentioning that the Penguin team will achieve circulation of $PENGU between Abstract and the Solana ecosystem through LayerZero. However, considering the early cold start and subsequent development, Abstract is likely to have its own Token in the future. $PENGU is very likely to become a medium for users to obtain Abstract Tokens, such as accumulating points through pledging, just like Blur - Blast. Early Abstract governance through $PENGU, later governance will be shared by Abstract Token and $PENGU holders. (I couldn't find a very definite statement about Abstract Token here. If you know where it's written, or if I misunderstood here, feel free to share and correct) By the way, the financial background is also good. 3. Most Airdrop recipients have already sold their chips. The general process is like this: accumulate chips, pump, dump. Now let me mention two more bearish points: Present: The overall market sentiment is not good, as we enter the Christmas - New Year market, the overall market is weak, now is not a good time to buy coins. However, these times generally give us a bottom. Future: When Abstract mainnet is launched, Pudgy Toys players will receive $PENGU Airdrop, there will be some new selling pressure. I don't think the impact will be significant. If you want to buy $PENGU, it's best to wait for the overall market to stabilize + $PENGU to stabilize. The expectation is that there might be a linkage between Abstract and $PENGU. If there is no linkage, selling is a better choice for short-term holders; for long-term holders, one can only hope for the future performance of Abstract. Do your own research. Related reports: Fat penguin Non-Fungible Token floor price hits a new high! Starting at 122,000 euros, the community is crazy about PENGUAirdrop at least 30,000 euros 'Fat Penguins' announce the release of the coin $PENGU public token economics, FTT holders can also receive Airdrop, the Non-Fungible Token floor price is experiencing a big pump - Should be 'büyük yükseliş' This article was first published on Moving BlockTempo, the most influential Blok chain news media.