- 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 sturdy technical patterns and market curiosity.
As August approaches, the cryptocurrency market continues to evolve with thrilling developments and noteworthy developments. Three cryptocurrencies stand out for his or her potential to seize important consideration and drive market momentum: Poodlana (POODL), Bitcoin (BTC), and BOOK OF MEME (BOME).
Each of those property is making waves in its personal method, whether or not by means of modern presales, important worth rallies, or rising market developments.
Here’s why Poodlana, Bitcoin, and BOOK OF MEME (BOME) are those to watch as we transfer deeper into August.
1. Poodlana: a brand new Solana meme coin making waves in presale
Poodlana (POODL) is rapidly gaining traction in the crypto area, significantly throughout the meme coin sector. Launched on July 17, 2024, Poodlana’s presale has already hit a powerful $3.5 million in underneath two weeks.
This surge in curiosity highlights the rising pleasure round this new entrant in the market.
The inspiration behind Poodlana is equally compelling. The cryptocurrency attracts from the attract of the poodle, considered one of Asia’s prime canine breeds, mixing fashion-forward enchantment with the meme coin development.
This mixture is resonating with each traders and fanatics, contributing to its speedy rise.
With simply 17 days left in the presale, the token is ready to checklist on its first decentralized alternate (DEX) on August 16.
The presale worth is designed to rise after each 72 hours. The worth at press time was $0.0335 and was anticipated to rise to $0.0375 in the following presale stage.
It is projected to checklist on crypto exchanges $0.06, providing early patrons an opportunity to capitalize on a probably profitable alternative.
Poodlana’s tokenomics are additionally noteworthy. With a complete provide of 1 billion tokens, 50% is out there throughout the presale, and 100% will probably be unlocked after the ICO sale.
The token’s speedy itemizing on a DEX post-presale is designed to get rid of uncertainties and will drive important worth motion because the mission transitions from presale to public buying and selling.
2. Bitcoin: seeing elevated exercise after the Bitcoin 2024 Conference
Bitcoin (BTC) stays a cornerstone of the cryptocurrency market, and its latest efficiency underscores its continued relevance and affect.
In the previous 24 hours, Bitcoin price has surged by over 3%, breaking previous the $69,000 degree. This worth improve displays a broader bullish development in the market, which is additional fueled by latest occasions.
Former President Donald Trump’s pro-crypto speech on the Bitcoin Conference has been a big driver of Bitcoin’s latest good points.
Trump pledged to stop federal Bitcoin gross sales if re-elected and to make the US a world 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 in the previous week.
The rally has additionally positively impacted different Bitcoin-related tokens. For occasion, Bitcoin Cash (BCH) and Bitcoin SV (BSV) noticed substantial good points of over 14% on Monday. BSV, in explicit, has skilled a dramatic 16% soar during the last day, indicating a powerful 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 watch 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 throughout the Solana ecosystem. Recent developments spotlight a big bullish development for this meme coin. BOME surged 20% to $0.0105, pushed by a mix 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 Moving Average (EMA) crosses above the 200-day EMA, signaling sturdy bullish momentum.
Additionally, BOME has proven resilience by rebounding from early July’s drop. After retesting the $0.0065 help degree, the token managed to break by means of key resistance at $0.0095, climbing to $0.01065.
The Relative Strength Index (RSI) additionally broke bearish divergence, additional supporting the constructive outlook.
Despite 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 might affect worth actions.
The rising curiosity in BOME can also be evident from a 74% improve in futures open curiosity. This signifies heightened market curiosity but additionally suggests potential for elevated volatility and subsequent corrections.
The presence of an inverse head and shoulders sample on the day by day chart suggests a potential 41% surge to $0.013, making BOME a key cryptocurrency to monitor carefully in August.
Conclusion
While Poodlana (POODL), BOOK OF MEME (BOME), and Bitcoin every current compelling bullish indicators for August, Poodlana stands out as essentially the most promising selection.
With its presale at present underway, Poodlana gives a transparent worth increment path main up to its August 16 DEX itemizing, offering a extra predictable funding alternative.
In distinction, Bitcoin and BOOK OF MEME face market volatility that would lead to important worth swings. For these searching for a extra structured and probably profitable funding, Poodlana’s presale section gives a novel and advantageous place.
Nevertheless, it’s all the time essential to do your due diligence earlier than making any crypto funding due to the risky nature of the crypto market.
