Kategorie: Crypto Analysis

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.

The post Dogwifhat, Popcat, Bonk brace for key competitor: Poodlana appeared first on CoinJournal.

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.

The post Bitcoin fails to break above $60k despite CPI report as Poodlana presale commences in five days appeared first on CoinJournal.

Cryptocurrencies had a relatively strong performance this week as Bitcoin bounced back to almost $60,000. Toncoin was trading at $7.23, a few points below its highest point this year while Solana rose to $146, up from this month’s low of $121. 

These coins rose as investors bought the dip and as the impact of the ongoing liquidations by the German government and Mt. Gox wallets. They also recovered after the US published an encouraging inflation report that revealed that consumer prices were falling. 

Another positive event that happened was that Solciety, an upcoming Solana meme coin, raised over $863k from investors in less than two weeks. You can buy the SLCTY token here.

Solana price forecast

Solana price bottomed at $122.10, where it failed to move below since May this year. It then bounced back and was trading at $140 on Thursday evening. 

On the daily chart, the token has formed a double-bottom pattern whose neckline was at $188.73. In price action analysis, a double bottom is one of the most bullish chart patterns.

It has also formed a small double-bottom pattern whose neckline is at $154. At the same time, the token has found substantial support at the 200-day Exponential Moving Average (EMA), which is a popular bullish sign. 

The MACD and the Relative Strength Index (RSI) indicators have also formed bullish divergence patterns. Therefore, the likely scenario is that Solana will resume the bullish trend in the near term. 

If this happens, the next key level to watch will be the key resistance point at $155. A break above that level will see it rising to the next psychological point at $160.

Toncoin price forecast

Toncoin has been one of the top-performing cryptocurrencies this year as the TON ecosystem continues doing well. The $TON price dropped to a low of $6.36 last Friday as other cryptocurrencies fell. That was an important level since it coincided with the lower side of the ascending channel.

There are signs that TON price could soon make a bearish breakout. It has formed a rising wedge pattern, a popular bearish sign. Unlike Solana, the MACD and the Relative Strength Indicator (RSI) have formed a bearish divergence pattern.

Therefore, with the rising wedge nearing a confluence level, there is a likelihood that the $TON token will have a bearish breakout in the coming weeks. 

Solciety analysis

Unlike Toncoin and Solana, Solciety is not yet publicly traded. Instead, it is a political neutral cryptocurrency currently in its presale event. Launched earlier this month, the sale has raised over $870k and the trend is gaining momentum.

Solciety aims to be at the intersection of non-fungible tokens (NFT), meme culture, and Solana meme coins. Recently, Solana’s ecosystem has produced some of the top meme coins like Book of Meme (BOME) and Dogwifhat.

It also aims to become the best political meme coins in the industry. Unlike Donald Tremp and Jeo Boden, Solciety will not be affiliated in either of the political space. As the US election nears, people supporting either candidate will feel comfortable investing in the SLCTY token.

A key feature of Solciety is its meme generator feature where users will be able to create political memes with over 200 traits, backgrounds, and fonts.Users can make some money in SLCTY tokens by creating and sharing these meme coins. 

As the network grows, the developers will introduce augmented reality features that will help users view their meme coins well. You can read more about Solciety and its tokenomics here.

The post Crypto price predictions: Toncoin, Solana, Solciety (SLCTY) appeared first on CoinJournal.

Cryptocurrencies had a relatively strong performance this week as Bitcoin bounced back to almost $60,000. Toncoin was trading at $7.23, a few points below its highest point this year while Solana rose to $146, up from this month’s low of $121. 

These coins rose as investors bought the dip and as the impact of the ongoing liquidations by the German government and Mt. Gox wallets. They also recovered after the US published an encouraging inflation report that revealed that consumer prices were falling. 

Another positive event that happened was that Solciety, an upcoming Solana meme coin, raised over $863k from investors in less than two weeks. You can buy the SLCTY token here.

Solana price forecast

Solana price bottomed at $122.10, where it failed to move below since May this year. It then bounced back and was trading at $140 on Thursday evening. 

On the daily chart, the token has formed a double-bottom pattern whose neckline was at $188.73. In price action analysis, a double bottom is one of the most bullish chart patterns.

It has also formed a small double-bottom pattern whose neckline is at $154. At the same time, the token has found substantial support at the 200-day Exponential Moving Average (EMA), which is a popular bullish sign. 

The MACD and the Relative Strength Index (RSI) indicators have also formed bullish divergence patterns. Therefore, the likely scenario is that Solana will resume the bullish trend in the near term. 

If this happens, the next key level to watch will be the key resistance point at $155. A break above that level will see it rising to the next psychological point at $160.

Toncoin price forecast

Toncoin has been one of the top-performing cryptocurrencies this year as the TON ecosystem continues doing well. The $TON price dropped to a low of $6.36 last Friday as other cryptocurrencies fell. That was an important level since it coincided with the lower side of the ascending channel.

There are signs that TON price could soon make a bearish breakout. It has formed a rising wedge pattern, a popular bearish sign. Unlike Solana, the MACD and the Relative Strength Indicator (RSI) have formed a bearish divergence pattern.

Therefore, with the rising wedge nearing a confluence level, there is a likelihood that the $TON token will have a bearish breakout in the coming weeks. 

Solciety analysis

Unlike Toncoin and Solana, Solciety is not yet publicly traded. Instead, it is a political neutral cryptocurrency currently in its presale event. Launched earlier this month, the sale has raised over $870k and the trend is gaining momentum.

Solciety aims to be at the intersection of non-fungible tokens (NFT), meme culture, and Solana meme coins. Recently, Solana’s ecosystem has produced some of the top meme coins like Book of Meme (BOME) and Dogwifhat.

It also aims to become the best political meme coins in the industry. Unlike Donald Tremp and Jeo Boden, Solciety will not be affiliated in either of the political space. As the US election nears, people supporting either candidate will feel comfortable investing in the SLCTY token.

A key feature of Solciety is its meme generator feature where users will be able to create political memes with over 200 traits, backgrounds, and fonts.Users can make some money in SLCTY tokens by creating and sharing these meme coins. 

As the network grows, the developers will introduce augmented reality features that will help users view their meme coins well. You can read more about Solciety and its tokenomics here.

The post Crypto price prediction: Toncoin, Solana, Solciety (SLCTY) appeared first on CoinJournal.