Penumbra is private by default L1 proof of stake blockchain. This includes private transfers, staking, trading, custody, and governance, making it a comprehensive privacy-focused blockchain solution.Penumbra integrates with the Inter-Blockchain Communication (IBC) protocol, allowing for decentralized and private token transfers between IBC-compatible chains and Penumbra's multi-asset shielded pool.Penumbra is pitched as a reimagination of the original Cosmos vision but with privacy at its core, aiming to reshape how privacy is handled in blockchain transactions and interactions.
Penumbra Price Analysis
As of December 25 2024 Penumbra has a marketcap of $41M.
This is {{percentagefromath}} from its all time high of $2.70.
In terms of its tokenomics, there's a total supply of 100M with 36% currently outstanding.
Keep in mind Penumbra has a fully diluted value of $113M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
