- Poodlana’s presale surges to $3.5M, with worth set to rise additional.
- Bitcoin hits $69,000, boosted by Trump’s pro-crypto remarks.
- BOOK OF MEME rises 20%, with robust technical patterns and market curiosity.
As August approaches, the cryptocurrency market continues to evolve with thrilling developments and noteworthy tendencies. Three cryptocurrencies stand out for his or her potential to seize vital consideration and drive market momentum: Poodlana (POODL), Bitcoin (BTC), and BOOK OF MEME (BOME).
Every of those belongings is making waves in its personal manner, whether or not by way of modern presales, vital worth rallies, or rising market tendencies.
Right here’s why Poodlana, Bitcoin, and BOOK OF MEME (BOME) are those to look at as we transfer deeper into August.
1. Poodlana: a brand new Solana meme coin making waves in presale
Poodlana (POODL) is rapidly gaining traction within the crypto house, significantly inside the meme coin sector. Launched on July 17, 2024, Poodlana’s presale has already hit a formidable $3.5 million in underneath two weeks.
This surge in curiosity highlights the rising pleasure round this new entrant available in the market.
The inspiration behind Poodlana is equally compelling. The cryptocurrency attracts from the attract of the poodle, one in every of Asia’s prime canine breeds, mixing fashion-forward attraction with the meme coin development.
This mixture is resonating with each buyers and fans, contributing to its speedy rise.
With simply 17 days left within the presale, the token is about to record on its first decentralized trade (DEX) on August 16.
The presale worth is designed to rise after each 72 hours. The value at press time was $0.0335 and was anticipated to rise to $0.0375 within the subsequent presale stage.
It’s projected to record on crypto exchanges $0.06, providing early consumers an opportunity to capitalize on a doubtlessly profitable alternative.
Poodlana’s tokenomics are additionally noteworthy. With a complete provide of 1 billion tokens, 50% is offered through the presale, and 100% shall be unlocked after the ICO sale.
The token’s speedy itemizing on a DEX post-presale is designed to remove uncertainties and will drive vital worth motion because the undertaking transitions from presale to public buying and selling.
2. Bitcoin: seeing elevated exercise after the Bitcoin 2024 Convention
Bitcoin (BTC) stays a cornerstone of the cryptocurrency market, and its latest efficiency underscores its continued relevance and affect.
Up to now 24 hours, Bitcoin price has surged by over 3%, breaking previous the $69,000 stage. This worth improve displays a broader bullish development available in the market, which is additional fueled by latest occasions.
Former President Donald Trump’s pro-crypto speech on the Bitcoin Convention has been a big driver of Bitcoin’s latest good points.
Trump pledged to forestall federal Bitcoin gross sales if re-elected and to make the US a worldwide chief in cryptocurrency. His remarks have resonated with the crypto neighborhood, contributing to Bitcoin’s restoration and pushing it nearer to the $70,000 mark after buying and selling as little as $63,000 previously week.
The rally has additionally positively impacted different Bitcoin-related tokens. As an example, Bitcoin Cash (BCH) and Bitcoin SV (BSV) noticed substantial good points of over 14% on Monday. BSV, specifically, has skilled a dramatic 16% leap over the past day, indicating a robust restoration regardless of being down about 45% year-to-date.
With Bitcoin’s affect permeating the market and its worth nearing $70,000, it stays a key asset to look at in August.
3. BOOK OF MEME (BOME): one other Solana-based meme coin that’s rising
BOOK OF MEME (BOME) is quickly rising as a standout inside the Solana ecosystem. Latest developments spotlight a big bullish development for this meme coin. BOME surged 20% to $0.0105, pushed by a mixture of technical patterns and broader market actions.
The token’s spectacular rally is strengthened by a golden cross sample, the place the 50-day Exponential Shifting Common (EMA) crosses above the 200-day EMA, signaling robust bullish momentum.
Moreover, BOME has proven resilience by rebounding from early July’s drop. After retesting the $0.0065 assist stage, the token managed to interrupt by way of key resistance at $0.0095, climbing to $0.01065.
The Relative Energy Index (RSI) additionally broke bearish divergence, additional supporting the optimistic outlook.
Regardless of this, merchants ought to stay cautious, because the RSI’s entry into the overbought area and potential volatility from the upcoming Federal Open Market Committee (FOMC) assembly may affect worth actions.
The rising curiosity in BOME can also be evident from a 74% improve in futures open curiosity. This means heightened market curiosity but additionally suggests potential for elevated volatility and subsequent corrections.
The presence of an inverse head and shoulders sample on the each day chart suggests a attainable 41% surge to $0.013, making BOME a key cryptocurrency to observe intently in August.
Conclusion
Whereas Poodlana (POODL), BOOK OF MEME (BOME), and Bitcoin every current compelling bullish indicators for August, Poodlana stands out as probably the most promising alternative.
With its presale at the moment underway, Poodlana gives a transparent worth increment path main as much as its August 16 DEX itemizing, offering a extra predictable funding alternative.
In distinction, Bitcoin and BOOK OF MEME face market volatility that would result in vital worth swings. For these looking for a extra structured and doubtlessly profitable funding, Poodlana’s presale part gives a novel and advantageous place.
However, it’s all the time necessary to do your due diligence earlier than making any crypto funding as a result of risky nature of the crypto market.