Kategorie: Crypto Analysis

• Meme coins have accumulated over $50 billion in assets. 

• The most popular tokens are the likes of Dogecoin, Shiba Inu, and Dogwifhat. 

• Poodlana aims to be the next big thing in the meme coin industry.

Turns out, the easiest way of becoming a millionaire recently has not been investing in private equity or stocks. Instead, many people have turned a few thousands of dollars into millions by investing in meme coins like Pepe, Dogwifhat (WIF), and Bonk. 

Meme coins have soared

Data by CoinGecko shows that meme coins have a combined market cap of over $50 billion, making them bigger than some well-known companies like VICI Properties, Archer Daniels Midland, Lululemon, and Rockwell Automation.

Traditional meme coins like Dogecoin and Shiba Inu lead the market cap ranking followed by newer brands like Pepe, Bonk, Brett, Popcat, Cat in a dogs world, and Mog Coin. 

Pepe has a market cap of over $4.7 billion while WIF has a valuation of over $2.3 billion. Bonk, Brett, and Popcat are valued at more than $769 million.

While the real number of millionaires minted by these tokens is not known, analysts believe that it could be in the thousands. For example, an investor who bought WIF tokens worth $10,000 in January 2024 has turned the figure to over $370,000. 

Similarly, an investor who bought Popcat tokens worth $50,000 in January 2024 would now have $9.3 million since the token has gone parabolic.

These tokens have soared over time because of their popularity among the day trader community. They are mostly cheaper than big coins like Bitcoin and Ethereum, meaning that one can buy more. In Popcat’s case, the token was selling for just $0.0043 earlier this year while Bitcoin was trading at over $45,000. 

Poodlana could be the next big thing

A look at the meme coin industry shows several important themes. The industry started with dog-themed tokens, which are still the dominant players. These tokens include the likes of Dogecoin, Shiba Inu, and Floki.

Cat-themed tokens like Popcat and Cat in a dogs world have also done well. Political tokenslike MAGA and MAGA Hat have also minted millionaires this year.

Poodlana, an upcoming crypto token could be the next big thing in the crypto industry as evidenced by its token sale. The developers have raised over $2.8 million in funds in the past three weeks, making it the fastest-growing meme coin in the industry.

Poodlana aims to disrupt the dog-themed token in three ways. First, unlike Shiba Inu and Floki that are based on Ethereum, it will be a Solana token. Solana has emerged as an important player in the meme coin industry because of its low fees and faster speeds.

Second, Poodlana is based on Poodle, a well-known dog brand in Japan and other Asian countries. Finally, it has positioned itself as a fashion icon, comparing itself with well-known fashion brands like Hermes. 

Poodlana’s approach to its token sale is different from other cryptocurrencies. For one, its token sale will only go on for 30 days and its token will start trading 30 minutes after the token sale ends. Its pre-sale token price will continue rising during this time, meaning that earlier buyers will get more tokens. You can buy the Poodlana token here.

The post Pepe, WIF, Bonk minted millionaires: will Poodlana be next? appeared first on CoinJournal.

Cryptocurrency prices remained on edge during the weekend as investors waited for the next catalyst. Bitcoin was trading at $66,800 on Sunday while most altcoins rose slightly. The market cap of all digital tokens remained at $2.6 trillion. This article will look at three cryptocurrencies like Poodlana, Mother Iggy, and Cat in a Dogs World.

Poodlana prediction

Poodlana, an upcoming Solana meme coin, has continued thriving in its token sale. The developers have raised over $1.9 million in less than two weeks, making it one of the fastest-growing token sales in the industry. 

Poodlana aims to be a better and bigger version of a dog-themed token than popular tokens like Shiba Inu and Dogecoin. It is based on Poodle, a popular Japanese dog breed.

The developers have selected Solana, which has become the most popular blockchain for meme coin creators. They love it because it is a significantly faster network and that its transaction costs are lower than other blockchains.

Poodlana’s token sale will run for just 30 days and the token price will continue rising gradually. This means that people who buy the token early will get more than those who buy near the end of the sale.

Additionally, Poodlana token will start trading just 30 minutes after the token sale finishes. That will be a different situation than most token sales when they take weeks or months before starting to trade. 

Analysts we talked to believe that Poodlana token could rise after starting to trade in August. Most of this will depend on the overall market trends when this happens. If cryptocurrencies are rising, there are chances that the token will also follow the trend. You can buy the Poodlana token here.

Cat in a Dogs World (MEW) price forecast

The daily chart shows that the Cat in a Dogs World price has gone parabolic in the past few days. It has risen for four straight days, reaching its highest swing since April 24th. The token has recently crossed the important resistance point at $0.00064, its highest level on June 7th.

The MEW token has moved slightly above the 50-day moving average while the Relative Strength Index (RSI) has tilted upwards. History shows that such parabolic moves are followed by a big drop as profit-taking starts.

Therefore, there is a likelihood that the token will retreat and retest the crucial support level at $0.0060. 

Mother Iggy price forecast

The MOTHER token, which is being promoted by Rapper Iggy Azelia, went vertical on Sunday as demand for the token continued. It also rose as Azelia continued promoting it on social media platforms. 

https://x.com/IGGYAZALEA/status/1815105024462409925

On the four-hour chart, we see that the MOTHER token rose sharply as demand rose. It flipped the important resistance point at $0.047, its highest point on July 11th. The token has remained above the 50-period moving average. 

However, it has formed a standard doji pattern, which is a popular reversal sign. Therefore, the token will likely resume a bearish trend and then retest the key support at $0.050.

 

The post Crypto price predictions: Poodlana, Mother Iggy, Cat in a Dogs World (MEW) appeared first on CoinJournal.

Solana has emerged as the best blockchain for meme coin developers. Indeed, Solana meme coins like Dogwifhat (WIF), Popcat, Book of Meme (BOME), and Bonk are some of the biggest players in the industry.

Dogwifhat has a market cap of over $2.2 billion while Bonk, Book of Meme, and Popcat have a combined valuation of over $3 billion. More Solana meme coins like Poodlana could continue to gain market share in the industry.

Why Solana meme coins are growing

Solana is one of the most popular blockchains in the world, helped by its low transaction costs and fast speeds. This means that users who transact in these tokens pay just a tiny amount in fees.

A good example of how low Solana fees are is to look at its fees this year. Data compiled by TokenTerminal shows that Solana has collected over $274 million in fees even as its network transactions jumped. 

This means that platforms like Uniswap and Lido Finance have made more money than the second-biggest blockchain network in the industry. Ethereum, known for high fees, has made over $1.7 billion in fees this year.

Solana meme coins have also grown because of the hype surrounding them. This trend started after the successful launch of Bonk in 2023 which pushed its market cap to a peak of $2.6 billion.

Also, Solana has been incorporated with Pump.fun, a platform that helps users create their tokens easily. Some of the top Pump tokens are the likes of Iggy and Michi.

Poodlana is gaining momentum

Meanwhile, Poodlana, an upcoming Solana meme coin is gaining momentum. The most up-to-date data shows that the token has raised over $808k from global investors, less than 24 hours after it was launched.

A POODL token was going for $0.02 and the price is expected to rise to $0.023 in the next two days. Altogether, the token sale will end in the next 30 days followed by a launch in Raydium, one of the biggest Solana DEX. 

Users can buy the POODL token with popular cryptocurrencies like Ether, USDT, USD Coin, BNB, Solana, and cash. 

Poodlana is based on poodle, a popular Japanese dog. As a result, the developers hope that it will do better than other dog-themed tokens like Dogecoin, Shiba Inu, and Floki.

Poodlana is also targeting the luxury market as it describes itself as the Hermes of crypto. Hermes, known for Birkin, is one of the most popular luxury goods companies in the world. As part of this theme, the developers are launching a weekly meme catwalk where users will be win 2,500 USDT.

Some analysts believe that the current hype will help to popularize Poodlana, which will push its price higher when it debuts. However, like all assets, there is a risk that the token will not do well, meaning that investors should only add cash that they can afford to lose. You can buy the POODL token here.

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Meme coins were among the best-performing coins on Monday as cryptocurrencies staged a strong recovery. JasmyCoin soared by over 20% while Pepe, Floki, Brett, and Dogwifhat jumped by more than 19%. 

Other popular meme coins like Popcat and Mog Coin were among the top gainers. The focus among investors will now be on the upcoming Poodlana token sale that kicks off on Tuesday this week. 

Meme coins lead the recovery

A sense of calm spread in the crypto industry as investors cheered several tailwinds. Bitcoin soared to $63,500 on Monday, a big jump from this month’s low of $53,400. Its rebound triggered a big jump in other altcoins, with the total market cap of all tokens hitting $2.3 trillion. 

This price action happened after an assassin shot Donald Trump on Saturday and after a dovish statement by Jerome Powell, the Federal Reserve Chair. 

The shootout had a major impact on the political scene as investors bet that Donald Trump stands a big chance of winning, especially if he battles Joe Biden. Recent polls have given him a comfortable margin.

As an ex-president, Donald Trump has been supportive of the crypto industry and has even launched several NFTs. Data by Arkham shows that Trump’s crypto portfolio stands at over $10 million and the figure is growing. 

A Trump victory would also mean that Gary Gensler is replaced at the Securities and Exchange Commission (SEC). Gensler has been criticized for his regulations by enforcement policies and for the collapse of FTX. 

Meanwhile, Jerome Powell hinted that the Federal Reserve was hopeful that inflation would continue falling in the coming months. Risky assets do well when the Fed turns dovish since it leads to animal spirits among investors. This explains why most risky meme coins jumped. 

Poodlana token sale ahead

The next key event to watch will be the upcoming Poodlana token sale. Poodlana is an upcoming meme coin that hopes to be the next big thing in the crypto industry.

It aims to be a better alternative to other animal-themed tokens like Pepe, Floki, Shiba Inu. and Popcat. It will do that since it is based on Poodle, one of the most popular dog breeds in Japan and other Asian countries. 

Poodlana also aims to attract attention by being the most stylish pooch in the market. The token will have a supply limit of 1 billion tokens, 50% of which will be offered in this presale. 15% of the tokens will go to marketing while another 15% will move to liquidity. The rest will go to partnerships, rewards, and treasury. 

According to the white paper, which you can view here, the token will have a 30-day presale followed by the launch in Raydium, 60 minutes after the sake ends. After that, the developers will push it to centralized exchanges followed by staking and international partnerships. You can buy the Poodlana token here.

The post Pepe, Floki, and Popcat tokens soar ahead of Poodlana token sale appeared first on CoinJournal.

Key takeaways

• BTC rallied past the $59k mark on Thursday but has since retraced as the market failed to capitalise on yesterday’s CPI report.
• The Poodlana presale commences in five days as investors get ready for another Solana meme coin. 

Bitcoin dips below $58k as bears stay in control

The cryptocurrency market has had a positive week so far, with prices of most coins and tokens up by more than 3% in the last seven days. Bitcoin has rebounded from the $53k low established last weekend and is now trading above $57k per coin.

BTC is down by more than 2% in the last 24 hours. At press time, the price of Bitcoin stands at $57,246. The bearish performance over the last 24 hours comes despite the recent CPI report indicating a decline in inflation in the United States.

Market participants are confident that the Federal Reserve will cut interest rates in its next meeting in September. Despite this positive news, BTC continues to struggle to push above the $60k psychological level.

What’s Poodlana?

Amid the consolidating market performance, new projects continue to emerge and Poodlana is one of the meme projects to keep an eye on. However, Poodlana is taking a unique approach in the market in a bid to become one of the leading meme coins in the crypto space.  

Poodlana is a new Solana meme coin focused on introducing the glamor of high fashion to the crypto world. The development team has set a goal of making Poodlana the number one dog token on the planet.

With Poodlana, investors will own meme coins that embrace the ethos of community-driven growth while providing them with unique value. 

Per their whitepaper, the team revealed that Poodles are in the top 3 dog breeds in Japan, Korea, and China where they are essential fashion accessories for the glitterati. Thanks to its popularity in Asia, the development team will leverage this combined with the love of meme coins in these countries to build a strong community.

Poodlana’s presale commences in five days

The Poodlana presale is fast approaching and will commence in five days. The presale will commence on July 17 and last for 30 days. Only the crème de la crème can join with SOL, BNB, ETH, USDT, USDC and Fiat/card payments.

With this presale, there would be no lock-up period for their tokens, no games, just pure, unadulterated excellence. The POODL presale goes live on July 17 and ends on August 16.

According to the website, the presale will be in 10 stages, with a price increase every three days, from $0.0200 in stage 1 to $0.0539 in the final stage. 

Poodlana to issue one billion tokens

Poodlana is adopting a simple tokenomics approach to ensure maximum transparency amongst its community members and investors. The total supply will be 1 billion POODL tokens, with 50% going presale.

The remaining 50% will be split amongst marketing (15%), rewards (5%), partnerships (5%), treasury (10%), and liquidity (15%). 00% of tokens will be unlocked on day one, ensuring there are no lock-ups or vesting periods.

Following the end of the presale, Poodlana will burn unsold tokens. Investors will start claiming their tokens immediately after the presale, with the token set to list on decentralized exchanges (DEXs) hours after the presale. 

Click here to learn more about Poodlana

Should you buy the Poodlana token?

Poodlana wants to become one of the leading dog-themed meme coins in the market and its transparency is a huge plus for investors. By leveraging the popularity of the Poodlana dog, similar to the Shiba Inu dog, the project could gain massive adoption in the coming months and years.

The presale will last for 30 days, which means investors have a limited period to invest in the project before it is listed on exchanges. The swift listing on crypto exchanges could also help attract more investors to the project.

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