- Robinhood adds PENGU, POPCAT, and PNUT, boosting access to meme coins for traders.
- PENGU, POPCAT, and PNUT surge after Robinhood listing, despite high market volatility.
- Meme coin prices rise on Robinhood, but they remain far from their all-time highs.
Robinhood announced on March 13th that Pudgy Penguins (PENGU), Popcat (POPCAT) and Peanut the Squirrel (PNUT) would soon be available to its users through its trading platform. The crypto community shows strong interest in the news because retail investors want to add diverse stylish meme coins to their portfolios. With this addition Robinhood extends its platform to offer meme coins that retail investors highly focus on.
PENGU, POPCAT, and PNUT: Price Predictions and Volatility
Each of the new meme coins enters the market with different expected price movement and degree of volatility. Analysts estimate PENGU linked to the Pudgy Penguins NFT ecosystem to trade at $0.17 based on recent market data. Expert analysts predict a 229% growth for PENGU tokens to reach a value of $0.52 before the next month ends. The token displays negative market sentiment as well as bearish patterns in current trading while experts predict future price growth.
The price forecast for POPCAT shows that it could boost up to 227% from its current $0.006 trading value to reach $0.019. The volatility of this meme coin currently stands at 18.29% while recent trades revealed 37% green days among investors. Amongst these tokens PNUT operates at a price level equivalent to PENGU’s $0.17 as the platform’s update has generated price fluctuations for both POPCAT and PNUT. This cryptocurrency shows volatility at 15.24% and its recent trading sessions recorded 33% green days.
The Impact on Meme Coin Market and Investor Sentiment
The Robinhood listing occurs during a period of intense market instability within the meme coin sector. The introduction of PENGU, POPCAT and PNUT together with Dogecoin (DOGE)’s small price drop demonstrated new interest in meme coin assets. The price movements of these coins heavily depend on market sentiment and massive investor activity while also being affected by rapid fluctuations in investor attitudes.
Since the announcement the meme coins POPCAT and PNUT have performed well in the market although they hold considerable risks. POPCAT posted the most significant jump in price. The price of POPCAT spiked more than 20% while PENGU and PNUT experienced moderate moderate growth. The crypto market values all three tokens less than their historical maximums since POPCAT has slipped 92% from its original peak.