Pengy

Pengy FAQs

• 1. What determines the price of Pengy?

  There are two schools of thought in determining the price of Pengy.
  
  By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Pengy, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Pengy from a long term perspective.
  
  By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Pengy on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Pengy as well.
  
  HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Pengy and the cryptocurrency market as a whole.
• 2. What is the highest price of Pengy in history?

  Pengy achieved the all-time high of $0.00018 in 2023-08-04, and is currently trading at $0.00000.
• 3. What is the lowest price of Pengy in history?

  In 2023-08-29, Pengy reached the all-time low of $0.00000.
• 4. Should I buy Pengy now?

  It is important to remember that Pengy, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.