Two Low-Cap Memecoins Set To Go Higher Amid Low Market Sentiment, According to Crypto Analyst

According to the popular pseudonymous crypto analyst Pentoshi, two low-cap memecoins are poised for a potential surge despite the current low market sentiment. Pentoshi, who has a following of 846,600 on the social media platform X, is optimistic about PENGU, the utility token for the Pudgy Penguins NFT project, and Fwog (FWOG), a memecoin gaining attention.

At the time of writing, PENGU is priced at $0.0244, ranking 88th by market capitalization, and has seen a modest 4% increase over the past 24 hours. Meanwhile, FWOG is trading at $0.187, ranked 380th by market cap, though it has experienced a nearly 5% dip in the last day.

Pentoshi notes the importance of being cautious in today’s market, where trading good assets for riskier ones, attempting to achieve overnight gains, and taking oversized risks in low-percentage plays can lead to poor outcomes. He also warns that returns in altcoins, particularly in this cycle, are expected to be considerably smaller compared to previous ones due to several underlying factors.

These cautions, Pentoshi remains bullish on these two memecoins, suggesting that they could experience notable growth in the current environment, even amidst overall market pessimism.

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