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Peanut the Squirrel (PNUT) is one of the rarest cryptocurrencies to have a more than 900% surge in market capitalization within 8 days. According to the current statistics, fundamental analysis, and technical analysis, the recent price surge in the overall cryptocurrency market that resulted in Bitcoin crossing its all-time high second time this year, is also reflected in this young meme coin driven by emotions for a great cause. So, far it has only been green grass ahead of PNUT, but is it sustainable? Can PNUT stand the test of time? Let’s see what the numbers and statistics say about the future of Peanut the Squirrel with the help of price prediction.
Peanut the Squirrel (PNUT) Short-Time Price Prediction
The expert analysis from the current bullish crypto market says that PNUT has the potential to rise more than 200% within the next 30 days. So, as per the predictions, PNUT could reach a price mark of $0.395406 by December 12. The market indicators are also positive, the fear and greed index is showing 69 Greed while the market sentiment stays bullish at the time of writing this article.
In essence, the short-term price prediction says that holding PNUT worth $100 till December 12 of this year can get a potential ROI of $228.04. So, as per the price prediction, this is a good time to invest in PNUT.
Here is a price prediction of how PNUT could potentially perform in the coming days:
| Date | Possible Price | Gains |
| Nov 14, 2024 | $ 0.127018 | 5.38% |
| Nov 17, 2024 | $ 0.15693 | 30.19% |
| Nov 20, 2024 | $ 0.165128 | 37.00% |
| Nov 22, 2024 | $ 0.168861 | 40.09% |
| Nov 25, 2024 | $ 0.194969 | 61.75% |
| Nov 28, 2024 | $ 0.215386 | 78.69% |
| Dec 01, 2024 | $ 0.239554 | 124.14% |
| Dec 04, 2024 | $ 0.329272 | 173.18% |
| Dec 07, 2024 | $ 0.3304 | 174.11% |
| Dec 10, 2024 | $ 0.409525 | 239.76% |
| Dec 12, 2024 | $ 0.395406 | 228.04% |
Peanut the Squirrel (PNUT) Long-Term Price Prediction
If the social media community behind PNUT stays as strong as today, PNUT have a big future in the coming years. Predictions say that it has the potential to reach a maximum price of $3.68 and a minimum price of $4.14 by the end of this year. The years ahead also look positive. Here is the Peanut the Squirrel (PNUT) price prediction for 2024-2030:
| Year | Potential Low | Potential High | Average |
| 2024 | $ 0.860344 | $ 4.14 | $ 2.70 |
| 2025 | $ 1.479506 | $ 3.52 | $ 2.30 |
| 2026 | $ 0.714461 | $ 2.17 | $ 1.246354 |
| 2027 | $ 0.785111 | $ 1.628259 | $ 0.963043 |
| 2028 | $ 1.360626 | $ 2.78 | $ 1.806651 |
| 2029 | $ 2.32 | $ 5.67 | $ 3.53 |
Causes Behind the Sudden Price Surge of Peanut the Squirrel
Like most of the cryptocurrencies, the sudden price surge in Peanut the Squirrel cryptocurrency is influenced by multiple factors such as:
- Genesis: Peanut was the name given to a pet squirrel celebrated on social media. It got social media popularity when its caretaker started posting cute videos of Peanut that could melt anyone’s heart. However, on November 1st, Peanut was euthanized to test for rabies.
- Public Outrage: The general public was understandably upset with the decision. Peanut the Squirrel (PNUT) was created to express this public outrage by eternalizing the beloved squirrel on the blockchain.
- Elon Musk’s Tweet: Elon Musk condemned the decision on Twitter multiple times, which stirred a massive public outcry on the internet. This also boosted the popularity of the crypto token and grew its popularity.
- Presidential Election Results: Although election results might not impact PNUT directly, it is hard to assume that it didn’t have any effect. After Trump, the presidential candidate assumed to be “pro-crypto” was elected as the next president of the United States, Bitcoin prices skyrocketed. This has also boosted many other altcoins possibly including PNUT.
Can Peanut the Squirrel Sustain the Price Surge?
In the short term, things look great for Peanut the Squirrel. However, it is unrealistic to think that this huge price surge can sustain itself. You should be aware that the recent price surge can be a reflection of the crowd’s outrage against the euthanasia of Peanut the Squirrel. Other than sending messages about the tragedy, PNUT does not have any utility, at least at this point.
We do not have enough evidence to believe that the price surge will continue in the coming days. We have seen similar examples before with other meme coins such as DOGE which blew up to $0.7316 in 2021, but it fell to about $0.06 within months. So, if you are planning to invest in $PNUT for any other reason than to contribute to the cause it’s supporting, you should be very careful.
Is Peanut the Squirrel (PNUT) a Good Investment?
As per the price predictions, this is a good time to purchase Peanut the Squirrel (PNUT). However, keep in mind it is a meme coin, and historically meme coins are shown to be highly volatile than most other cryptocurrencies and are heavily influenced by social media.
So, it is better not to get your hopes up and put all your savings into the coin. However, you may get a substantial profit short term.
