Bitcoin could rally towards $68k as Poodlana’s presale hits $3m

Bitcoin green


Key takeaways

BTC has recovered from its recent poor performance and is now targeting the $68k level. 
The Poodlana presale has surpassed $3m after raising more than $500k in four days.

BTC approaches $68k

The cryptocurrency market has had a rollercoaster week. Bitcoin underperformed earlier this week, hitting the $63k level due to the Mt.Gox BTC and BCH dump in the market.

However, the market began to recover later on and Bitcoin is now approaching the $68k level. At press time, the price of Bitcoin stands at $67,538, up by 1% in the last seven days. If the bullish momentum is built upon, BTC could be heading towards the $69k resistance level in the coming days. 

Phemex

What is Poodlana?

The cryptocurrency market is slowly recovering following its recent bearish run. The bearish run didn’t stop investors from pushing funds into new and promising projects. One of the projects in this category is Poodlana

Poodlana is a Solana-based meme coin focused on introducing the glamor of high fashion to the crypto world. The plan is to make Poodlana the leading dog-themed meme coin on the planet, with the developers leveraging the ethos of community-driven growth to reach its goal. 

The popularity of the Poodlana dog breed in Japan, Korea, and China, and their love for meme coins would be crucial in building a strong community for this project. Poodlana wants to become a bigger dog-themed meme coin, surpassing the two giants, Shiba Inu and Dogecoin. 

Poodlana’s presale hits $3m

The Poodlana presale began eleven days ago and will last for 30 days. The project has raised more than $3 million in the last elevel days as more investors troop into the project. 

In the current stage, the POODL token goes for $0.0299 but will increase to $0.0335 in the next presale stage. Investors can purchase this token using SOL, BNB, ETH, USDT, USDC, and Fiat/card payment options.

According to the development team, Poodlana will not have a lock-up period for their tokens. The POODL presale will end on August 16 and the listing on exchanges will take place immediately after. 

Read more about the Poodlana presale here

50% of Poodlana’s total supply goes to presale

The Poodlana tokenomics is simple as the team values total transparency in its operations. The team will issue 1  billion POODL tokens, with 50% going presale. The remaining 50% will be divided among marketing (15%), rewards (5%), partnerships (5%), treasury (10%), and liquidity (15%). The Poodlana team assured investors that 100% of tokens will be unlocked on day one, with no lock-ups or vesting periods.

Furthermore, the unsold tokens would be burned after the presale, ensuring the deflation of the token, (which could lead to a price increase). 

Is it a good idea to buy Poodlana tokens?

Poodlana is a meme coin that holds a lot of promise. However, the ultimate decision to invest or not depends on the investor. Meme coins have become a crucial part of the cryptocurrency ecosystem, with several of them having a market cap of $1 billion and above. 

Poodlana wants to join this rank and become one of the leading meme coins in the world. The project is taking advantage of the popularity of the Poodlana dog breed and is building a community that could see it challenge industry leaders like Shiba Inu and Dogecoin.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

CryptoKorner
Ledger
CryptoKorner
Bitcoin green
Phemex
Coinmama
3 Altcoins Trending in Nigeria For The Last Week of July
Ethena price jumps 20% as Arthur Hayes buys the dip, grabs over 2M ENA tokens
Galaxy Digital sends over 10,000 Bitcoin from Satoshi-era stash to exchanges
BTC stagnates around $118k
Solana Rises 20% in a Week, But Analyst Warns of LUNA-Like Breakdown Ahead
BNB hits new all-time high above $800
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
Free book
Coinbase
Dragonfly Capital Faces DOJ Threat Over Tornado Cash Ties
Trump Is Not The Most Influential US Politician in Crypto – The Shocking Top 10 List
3 Altcoins Trending in Nigeria For The Last Week of July
Bitcoin Sell-off Puts Entire Altseason At Risk
Is NFT Mania Coming Back? Sector Adds $1 Billion in a Day
Dragonfly Capital Faces DOJ Threat Over Tornado Cash Ties
Trump Is Not The Most Influential US Politician in Crypto – The Shocking Top 10 List
3 Altcoins Trending in Nigeria For The Last Week of July
Bitcoin Sell-off Puts Entire Altseason At Risk
ar
zh-CN
nl
en
fr
de
it
pt
ru
es
en
bitcoin
ethereum
xrp
tether
bnb
solana
usd-coin
dogecoin
staked-ether
tron
bitcoin
ethereum
xrp
tether
bnb
solana
usd-coin
dogecoin
staked-ether
tron