This is not at all financial advice, but I would just like to share some thoughts I have about a coin that I believe might increase 50% in value in the coming days. The coin is PEFI and it is the native token for the Penguin Finance platform running on Avalanche.
The token price is currently $1.5 per token, but I believe it can easily jump to $2.5 if everything goes according to plan in the coming week. Why is that?
Why do I believe PEFI will boom next week?
People love launchpad projects and it is not a coincidence that the XAVA token (the token of Avalaunch) is trading at $16. Why is that? The token will help you get a spot in the token sales on the platform, and the more you own, the bigger the portion of tokens you can buy during such projects. And if you also take into consideration that most of the projects running on such launchpads often end up selling at 2x-3x or way more the price as they are made available for sale than the price during the initial sale.
And that leads me to Penguin Finance again. A few months ago, I was a part of the Boofi launchpad project. The initial price was between $0.1 and $0.25, and immediately after it was made available for trading, the price was around $1. In other words, this was a quick profit of almost 10x immediately. You can read my full report on the Boofi token sale on PenguinFinance right here.
A new launchpad project is coming to Avalanche and Penguin Finance
And yesterday, Penguin Finance released information that they have made a deal with a new project that will be launched through the platform before Christmas. That means it has got to be launched very soon. And based on what I have seen so far, a launchpad project will always result in a price increase for the token itself.
https://twitter.com/penguin_defi/status/1468980181247406084
- penguin_defi
I believe we will get the information very soon, and the moment it is released, I believe it will push the PenguinFinance price upwards quite decently.
Is Penguin Finance a safe platform?
I cannot guarantee anything, but I have been active and following it for several months and it clearly has a great team of developers, a nice community on Discord, and they are always developing and doing new things. In other words, I have a very good feeling about this platform!
But, do the research on your own! :)