According to a popular crypto analyst, two low-cap memecoins are prepared for higher in the middle of the low market sentiment.
The pseudonym analyst known as Pentoshi tells Are 846,600 followers on the social media platform X that he is bullish on Pengu, the utility for the non-fungal token (NFT) project Pudgy Penguins, as well as The Memecoin FWOG (FWOG).
Pengu acts at $ 0.0244 at the time of writing. The 88th ranking crypto assets per market hood has risen almost 4% in the last 24 hours.
FWOG is traded at $ 0.187 at the time of writing. The 380th ranking of crypto assets per market hood has fallen by almost 5% in the past day.
Pentoshi too notes That crypto market sentiment is currently ‘extremely low’.
“Here are the graphs for the Markt and Alts. What happened? It is probably a large, minced meat at low time frames and not respecting trends or larger series.
The actions of good coins/assets for bad, try to make it at night, take too great a risk at a low percentage, and the return is clear that this cycle will decrease sharply in alts, because this cycle will be by far the smallest are in terms of percentage of return when it is all said and done for a number of reasons we have already discussed.
But if you look at the market as a whole, sentiment and graphs do not come true at the moment. “
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