Memecore Price Prediction Slips as PANDA Gains Momentum
The meme coin market is being flipped on its head by a new coin blazing through Asia. Pudgy Pandas (PANDA), which launched on 15th September, has already raised $800k in only 48 hours. Listing is already confirmed for the 18th October, the same day the presale ends.
As attention shifts towards the new arrival, price predictions for MemeCore, one of the top performing tokens this quarter, are being revised for lower targets in anticipation of PANDA soaking up much of its liquidity.
MemeCore currently sits at a market cap of $2.5 billion, having hit new highs on 14th September, but what was previously a major head start is now a target for the increasingly viral PANDA.
Read on for a closer look at how this Asian meme coin could dominate the market when it cracks the Western market—and why portfolios are selling their MemeCore in order to buy PANDA.
Pudgy Pandas’ explosive debut
Although the West is largely unaware of Pudgy Pandas at this point, that likely won’t be the case for long, thanks to the huge waves that PANDA is making in the East.
The presale opened on 15th September, announced on a huge billboard in Seoul, Korea—one of the meme coin markets biggest global hotspots. Korean degens responded immediately, pouring in over $200K worth of buys in just a few minutes, with that total rising to over $800K just 48 hours after lunch.
With $1 million surely inbound any minute now, Pudgy Pandas is having an opening week like no other. The instant momentum is no surprise to insiders, however: the project had already gone viral on Asian social media such as KakaoTalk and WeChat prior to launch.
The reason the project is resonating so much is clear: it’s a token perfectly positioned for one of the most influential market segments in crypto. Pandas are national treasures in both China and Korea, which are home to the majority of the world’s crypto traders, and the main seats of meme traders.
Now, finally, Asia has produced its very own token that appeals directly to the region’s sensibilities, and it’s working—nearly seven figures in two days is no joke.
MemeCore predictions revise as PANDA picks up steam
The explosive growth of Pudgy Pandas has shaken up the meme coin market, and has led many analysts to revise their price predictions for the current king of memes, MemeCore.
CoinCodex have lowered their price targets for the token, anticipating less interest due to the rise of new coins like PANDA, and are now expecting a slump to beneath the $2 level over the next 30 days now that the wind has been taken out of MemeCore’s sails.
MemeCore’s $2.5 billion market cap, as well as the $2 billion of PANDA competitor Pudgy Penguins, present a target for Pudgy Pandas, and set a high price ceiling. Currently available for just $0.021, a rally to these levels could secure a rally of 100x or even 1000x for early adopters.
When PANDA lists on exchanges on 18th October, immediately after the presale ends, Western audiences will likely have cottoned on, thanks to hype from Asia that can no longer be ignored.
When the token crosses the Pacific, momentum could explode, and we could be looking at a repeat of meme coins like PeiPei and Chuan Pu, the latter of which rallied by a total of 69,000% after early Asian investors attracted Western eyeballs.
How to get involved before PANDA moons
Pudgy Pandas is generating enough momentum to shake one of the biggest coins in the meme space right now, raking in nearly $1 million in just 48 hours from an Asian market that is rapidly becoming obsessed.
Smart money is viewing this as a huge buy signal and is seizing the opportunity to buy as low as $0.021 during the presale, before open market trading and Western interest ushers in a potential 100x.
The opportunity won’t be around for long, though. The presale ends on 18th October after just 33 days, and prices increase by up to 15% every 72 hours throughout that period.
This means only one thing: PANDA is one of the biggest 100x opportunities of this entire cycle, and the chance to get in early—and cheap—is fading fast.