Experts Forecast PENGU Rally As Pudgy Party Launches on iOS and Android

Crypto experts have projected a bullish run for  PENGU amid new developments in its ecosystem. This comes as Pudgy Penguins’ mobile game Pudgy Party went live on both iOS and Android.

Experts Turn Bullish on PENGU

In light of recent developments for the meme token, many prominent experts are projecting bullish runs for the token. Crypto expert Sjuul highlighted in a post a “falling wedge” pattern forming on its price chart. He suggested that after testing recent lows, the token could break upward, signaling a fresh surge in momentum.

Another analyst pointed at the same falling wedge, stating PENGU may be trading at one of its last accumulation zones. He also showed his excitement on the launch of the Pudgy Party game, saying, “I’m all in at this point.” 

Momentum for the token also received a boost after Ethereum’s official account amplified the Pudgy Penguins project on social media. Analysts highlighted this rare show of support as a strong signal of credibility.

The announcement follows last month’s reveal of Pudgy Penguins’ partnership with Mythical Games to develop its debut mobile title.

Pudgy Party Now Live On iOS and Android

The bullish narrative surrounding PENGU stems from the release of the Pudgy Party game. Available on both Apple’s App Store and Google Play, the game allows players to compete solo or with friends while unlocking exclusive costumes tied to major brand collaborations.

Pudgy Penguins noted that the launch aims to introduce its IP to a global audience of more than three billion mobile players annually. The project is hereby positioning itself as one of the few Web3-native brands to break into mainstream entertainment.

Luca Netz, CEO of Pudgy Penguins, shared in an interview that he believes Pudgy Party will extend far beyond the crypto space. He also said it could mark the beginning of the Pudgy franchise line.

“I think you’re going to see some of the world’s biggest streamers streaming Pudgy Party. I think you’re going to see epic IRL events, huge campaigns, and tournaments and prize pools to bring people in,” he said.

Ahead of the rollout, Pudgy Penguins launched its “Early to the Party” Soulbound Token (SBT). This digital badge is issued to players who pre-registered for the game and downloaded it before the official launch. 

Notably, the team is running promotional campaigns around the launch. This includes giveaways of $1,000 worth of PENGU tokens and limited in-game skins to encourage downloads and player activity.

Positive sentiment towards the meme coin is growing as the Pudgy Penguins team continues to carry out its gaming roadmap. The potential to tap into billions of mobile gamers positions the meme coin for a possible breakout.