- Peanut The Squirrel did not die in vain—a token, PNUT, named after the beloved pet, has rallied by more than 2x this week, and now sits at a market cap of over $100 million.
- Elsewhere, the crypto market is responding positively to the election of President Donald Trump in the US, with Bitcoin smashing another all-time high above $76k, and Telegram gaming presale, Dogizen, nearing the end of its second ICO stage.
DOGIZ has now raised over $1.25 million before even hitting the market publicly, setting a raucous precedent that could see a long-term rally take shape when the token reaches the open market.
RIP Peanut
Peanut the Squirrel was rescued by New York resident Mark Longo in 2017, and kept as a beloved pet with a viral Instagram account until October 30th, 2024, when a New York environmental agency seized and euthanized him.
The internet rightly got fired up over this, with reports that even President Trump himself was angered by the governmental overreach. However, Peanut (also spelled P’nut) has now been immortalized in the form of a meme coin, and the PNUT token is carrying on Peanut’s legacy.
The token was created shortly after Peanut’s death, and has quickly risen, in less than a week, to a market cap of over $100 million, hitting a new all-time high and even reaching $150 million overnight.
While Peanut supporters may want to hold PNUT tokens in their wallet as an act of defiance against the state, it’s not clear whether this investment will produce lasting returns. Although P’nut will live on in our hearts forever, the sad reality is that a new meme could steal the token’s market cap over the next few weeks.
Dogizen: The better pet for profit
Dogizen is fronted by a mascot who is arguably just as cute as P’nut, but the DOGIZ token may in fact offer better returns than PNUT in the long run.
Firstly, it has the baked-in dog token cheat code: dog tokens like DOGE, SHIB, WIF, et al. tend to perform pretty well in crypto—canines are the most represented animal among top meme coins. Dogizen’s mascot is particularly charming, and this added meme value could top up the impressive fundamentals offered by DOGIZ.
These fundamentals include the promise to flip the script in the Telegram gaming sector, already worth over $1.7 billion and poised to explode as the market rallies once again. The DOGIZ token facilitates unparalleled play-to-earn interoperability and could see Dogizen emerge as a one-stop-shop for all things Telegram gaming as TG’s 950 million users increasingly delve into the crypto world.
As the platform grows, so will revenue derived from listing fees and the like, and DOGIZ holders will profit from this directly: they get a share of revenue generated from Dogizen, delivering a stream of passive income that will become more and more attractive as risk-free rates around the world continue to fall.
PNUT vs. DOGIZ: This week’s top pick
While these two tokens are neck-and-neck on the cuteness scale, Dogizen looks like a clear winner when it comes to investability.
Still in presale, DOGIZ is available at a heavily discounted price versus where it might end up trading when it hits the open market. This is an opportunity that doesn’t come around very often, and given its strong fundamentals, it’s poised to explode heading into 2025.
To buy DOGIZ and learn more, head to the official Dogizen website.
