Poodlana ignores the crypto sell-off as token sale nears $5 million

Crypto price predictions: Raydium (RAY), LayerZero (ZRO), Poodlana (POODL)


Cryptocurrencies have shed billions of dollars in the past few days as investors remain concerned about Japan, US election, and technical formations. No crypto has been spared, with Bitcoin falling below $50,000 and Ethereum moving to $2,335. Other cryptocurrencies like BNB, Solana, and XRP have fallen by double-digits. 

Poodlana token sale is thriving

Cryptocurrency investors are still piling into Poodlana, a new crypto token that aims to dethrone popular meme coins like Dogecoin, Brett, and Pepe. 

Data on its website shows that Poodlana has raised over $4.991 million in less than three weeks. This growth makes it one of the best-performing token sales of the year.

Poodlana’s popularity has happened because of its excellent marketing and the fact that it is named after Poodle, a highly popular Japanese dog breed.

bybit

The developers are marketing it as the creme-de-la-creme of the meme coin industry. Precisely, the associate it with Hermes, the most prestigious brand in the fashion industry whose simple bags go for thousands of dollars. 

The token sale has also been highly popular because of the developer’s approach. For example, the POODL token is increasing after a few days, meaning that people who buy it earlier will get it at a discount. 

Also, unlike other token sales that stay without trading for months, Poodlana will start trading just 30 minutes after the sale ends. Precisely, investors will be able to trade the token at midday on August 16th. 

Many investors buy Poodlana and other token sales hoping to cash it big when they list. Historically, many investors have made a fortune investing in token sales. Just recently, many meme tokens like Popcat, Pepe, and Brett surged, creating millionaires along the way.

However, it is always good to embrace the best risk management strategies when buying presale tokens. Ideally, you should not invest funds that you are not comfortable to lose since, as we saw on Monday, the industry can crash. You can buy the Poodlana token here.

Why cryptocurrencies dropped

There are a few reasons why cryptocurrencies plunged. First, they dropped because of the ongoing recession fears after last Friday’s weak jobs numbers. The data showed that the unemployment rate rose to 4.3% as the economy created just 114k jobs in July. 

https://x.com/elerianm/status/1820157102805176655

Second, there are concerns about Japan, where the country’s central bank has started hiking interest rates. This is important because Japan is the third-biggest economy in the world and is one of the top buyers of foreign assets. Also, the hike happened as other central banks are cutting rates. 

Third, there are concerns that Donald Trump will not win the presidential election after all. Most crypto investors believe that Trump would be a better president for the industry. For one, he has vowed to fire Gary Gensler, the SEC chair, on day one. 



Source link

Leave a Reply

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

Pin It on Pinterest

CryptoKorner
Ledger
CryptoKorner
Crypto price predictions: Raydium (RAY), LayerZero (ZRO), Poodlana (POODL)
bybit
Fiverr
El Salvador Lied About Buying Bitcoin in 2025, IMF Report Reveals
Jack Dorsey's Block surges 10% as it joins the S&P 500 index
TON’s Next Stop Could Be $3.50, Here’s Why
$PUMP surges over 20% after team reportedly buys back nearly 3 billion tokens
DOGE could retest the $0.18 support level before rally resumes
A Lady Using Smartphone and a Laptop
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
Free book
Changelly
Macroeconomic Factors Will Disrupt BTC Four-Year Cycle
Spot Bitcoin ETFs Surge with $363M Inflows, Extend 12-Day Rally to $6.6B
French lawmakers say country could generate $150M in annual revenue from Bitcoin mining
Bitcoin Price Poised to Rally to $150K by October, Says Cooper Research
New embedding model leaderboard shakeup: Google takes #1 while Alibaba's open source alternative closes gap
Macroeconomic Factors Will Disrupt BTC Four-Year Cycle
Spot Bitcoin ETFs Surge with $363M Inflows, Extend 12-Day Rally to $6.6B
French lawmakers say country could generate $150M in annual revenue from Bitcoin mining
Bitcoin Price Poised to Rally to $150K by October, Says Cooper Research
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