EDIT: Since writing this article yesterday the PENG team has confirmed Cryptopia will support the swap and PENG will therefore with 100% certainty become the cheapest active BTC pair on cryptopia that has active development. This is huge. Check back in 2 weeks to see what I mean.
This article today is about a microcap coin that is being revamped on the Cryptopia LTC and DOGE markets currently valued at 0.2 satoshis and less than 800k market cap.
Its cheap, low cap, low market depth (30k USD in sells to double in price), can move up with ease, bear market or not, and due to its low cap can sustain much more than paltry 5x gains.
Ok so the road up is easy, whats going to make people board this train? And being in the low market cap scam coin category, why am I convinced it's not? (remember PCN?).
I'll start with the fundamentals.
Why the need to revamp this coin?
PENG coin is one of the few projects actually making a positive impact in the world. Not just to traders pockets, but to people and animals in need. Being a charity coin a percentage of master node profits are donated to those in need. And so far the PENG team has already made public appearances and donations at a penguin sanctuary in South Africa with more planned in the near future. I love the fact I can run a master node, earn a passive income, and check in on Penguin Coins twitter and see that a portion of my profits has been put to good use in some heartwarming way or another.
They also have a huge team comprised of more than 20 members and numerous advisors. For such a low market cap coin, this is truly rare. I challenge you to find more people working on a project than what you will find on penguincoin.io on a coin with less than 800k market cap.
Continuous daily efforts of 20 people working on a project they believe in will result in a coin that has a far greater market cap than what is currently available. (That's more than 500 man hours a week). And to sweeten the deal, Penguin coin has only just begun.
To realise just how much of an infant penguin this penguin coin really is, let's see whats ahead, compare it to what it is now, and show you how this little penguin, is about to become a freaking 20 metre pterodactyl penguin that breathes fire (to light green candles?) and donates to charities on weekends. What a bird!
Currently PENG is an old dead coin that has been taken over by a new team.
The code is old, the supply is huge, it needs... Fixing!
In just over 2 weeks there will be a coin swap, every Penguin coin you hold now can be swapped to the new PENG at a ratio of 10/1. This will allow Penguin coin to trade on the Bitcoin markets as its current price of about 0.2 satoshis will become 2 satoshis after the swap. I'm 99% sure Traders will be buying that up in a heart-beat on Cryptopia. 800k cap 2 sats? Easy gains. There's no other low satoshi coin on the BTC markets thats this appealing.
Penguin coin is really bringing a unique opportunity to the table here for long term and short term investors alike.
And that is the cheapest priced, lowest capped, largest teamed, masternode coin with Zerocoin privacy, that exists.
Theres more too. A little-known fact is Penguin coin is bringing out an Android and IOS game, I'm imagining flappy penguin. More news on that should follow after the swap coming mid-August. But that's a very cool addition to what is already looking extremely undervalued.
I always love the hype around privacy coins. Seems to be a privacy coin you just have to... Well.. Have untraceable transactions right? And then a coin like Peng comes along and is going to be implementing all the Zerocoin features, have master nodes, and basically be as anonymous as any of these other projects but because it's trying to actually do something not just ride on the privacy coin coat tails it doesn't get attention. If this were a rebrand to something that only does privacy and had an 'X' or a 'Z' in the name e.g, Private-X or something cool, PENX, Quaxx, flipperZ, it would have been rolling with momentum by now as the new cool privacy coin on the block that... well. does what every other privacy coin does and has no real use case cos ZEC's already got ya covered.
So PENG will do what XVG, Hexx, and all these other privacy coins can do, but it barely even touches on this fact as they want to actually do something with their coin other than just fly the easy privacy flag and call it a day. I've been speaking to the devs and I can assure you these guys are not only committed and transparent, they aren't going to stop until they achieve what they set out to do. And I get it. I watch some devs move from project to project. It makes total sense. How can you sleep at night when you know your project is not actually going to be around in a few years or bettering humanity.
PENG will be a project that gains momentum and attention the more it keeps helping those in need and working at the fast pace they have been. Let's call it Karma. The balancing force in a crypto industry dominated by greed. The devs truly believe in this project as it is and already has begun making a difference to peoples lives.
Now I know this is not the usual use case. Everyone wants the next NEO or XVG. And that's why there's such market saturation. There's a new smart contract coin every day, a new scaleable 10 000 TPS coin every week, and a new Privacy coin every minute. Trying to find the next NEO or XVG is going to get harder by the month, this is a greed-fueled racket and it's only going to continue and competition only going to get stronger.
And that's why devs lose interest. If LTC had a conscious thought lately it would be, "Now BTC just took our only use case of cheaper transactions away. I guess we are now redundant". Any of these 10 000 TPS tokens? When something with 1 mil TPS comes out? Useless.
I doubt this will happen to PENG. Can you imagine? Damn... DOGEcoin is out charity-ing us. Time to throw in the towel! Oh well!
PENG will succeed. I can guarantee it. Because it is making this crypto movement a bit closer to something that's actually beneficial to the world, much in line with satoshi's vision. Not just an attempt to outcompete in a certain sector that if it fails, will essentially fade into redundancy.
As for me. for 0.2BTC I will be happy running a PENG master node, knowing (and continually seeing photos and updates) that a portion of my money is benefitting someone or some creature somewhere in this beautiful place we call home.
BTC could go either direction next month, we have seen a taste this morning of what a rejection by the SEC of the upcoming ETF mid-August could look like on the BTC charts. Either way, low caps will rebound. Traders need to make money and there is nowhere easier in bear markets than on low caps. The lowest of which holds promise and will still be around in a few years is PENG.
So keep your eyes on the upcoming swap in 2 weeks allowing PENG to penetrate the BTC markets as the lowest priced and lowest market capped coin on them. And keep an ear out for upcoming new exchanges the team has been working on. This is the start of a great journey I look forward to following.
In closing,
Markets and value are all derived on perception. That's why crypto is such a volatile mistress. The cauldron of our collective market perception is constantly changing to opposite ends of the spectrum on a whim.
It is my hope, that at some point we get our act together and start backing coins that are going to be making a positive impact on our communities and the world around us, rather than pouring money into the pockets of manipulators and the already financially elite of this world.
That is why I will always back the low caps. They are ours. They are what crypto was a few years ago, and what it should be. Instruments that move freely from the wills of the elite.
The only fuel it needs its your positive perception.
