Meme cash have collected over $50 billion in property.
The hottest tokens are the likes of Dogecoin, Shiba Inu, and Dogwifhat.
Poodlana goals to be the subsequent large factor within the meme coin trade.
Turns out, the best approach of changing into a millionaire just lately has not been investing in non-public fairness or shares. Instead, many individuals have turned a couple of hundreds of {dollars} into thousands and thousands by investing in meme cash like Pepe, Dogwifhat (WIF), and Bonk.
Meme cash have soared
Data by CoinGecko exhibits that meme cash have a mixed market cap of over $50 billion, making them larger than some well-known corporations like VICI Properties, Archer Daniels Midland, Lululemon, and Rockwell Automation.
Traditional meme cash like Dogecoin and Shiba Inu lead the market cap rating adopted by newer manufacturers like Pepe, Bonk, Brett, Popcat, Cat in a canine world, and Mog Coin.
Pepe has a market cap of over $4.7 billion whereas WIF has a valuation of over $2.3 billion. Bonk, Brett, and Popcat are valued at greater than $769 million.
While the actual variety of millionaires minted by these tokens isn’t recognized, analysts consider that it may be within the hundreds. For instance, an investor who purchased WIF tokens price $10,000 in January 2024 has turned the determine to over $370,000.
Similarly, an investor who purchased Popcat tokens price $50,000 in January 2024 would now have $9.3 million because the token has gone parabolic.
These tokens have soared over time due to their reputation among the many day dealer group. They are largely cheaper than large cash like Bitcoin and Ethereum, which means that one can purchase extra. In Popcat’s case, the token was promoting for simply $0.0043 earlier this yr whereas Bitcoin was buying and selling at over $45,000.
Poodlana may be the subsequent large factor
A take a look at the meme coin trade exhibits a number of necessary themes. The trade began with dog-themed tokens, that are nonetheless the dominant gamers. These tokens embrace the likes of Dogecoin, Shiba Inu, and Floki.
Cat-themed tokens like Popcat and Cat in a canine world have additionally achieved nicely. Political tokenslike MAGA and MAGA Hat have additionally minted millionaires this yr.
Poodlana, an upcoming crypto token may be the subsequent large factor within the crypto trade as evidenced by its token sale. The builders have raised over $2.8 million in funds previously three weeks, making it the fastest-growing meme coin within the trade.
Poodlana goals to disrupt the dog-themed token in 3 ways. First, not like Shiba Inu and Floki which can be based mostly on Ethereum, it will be a Solana token. Solana has emerged as an necessary participant within the meme coin trade due to its low charges and quicker speeds.
Second, Poodlana is predicated on Poodle, a widely known canine model in Japan and different Asian nations. Finally, it has positioned itself as a trend icon, evaluating itself with well-known trend manufacturers like Hermes.
Poodlana’s strategy to its token sale is totally different from different cryptocurrencies. For one, its token sale will solely go on for 30 days and its token will begin buying and selling half-hour after the token sale ends. Its pre-sale token worth will proceed rising throughout this time, which means that earlier consumers will get extra tokens. You can purchase the Poodlana token here.
