Key takeaways
- Bitcoin has misplaced 3% of its worth and is buying and selling below $60k as soon as once more.
- Poodlana’s native token is now stay on the MEXC alternate after its presale has been concluded.
BTC could drop below $59k as Mt.Gox strikes extra bitcoins
Bitcoin is underperforming once more following a optimistic begin to the week. The world’s main cryptocurrency by market cap is buying and selling below $60k after shedding 3% of its worth within the final 24 hours.
At press time, the price of Bitcoin stands at $59,409 and could dip lower if the bears stay in management. The bearish efficiency comes after Mt.Gox moved over $700 million price of bitcoins to an unknown pockets. Traders are anticipating extra selloff available in the market as Mt.Gox distributes extra bitcoins to its collectors.
What is Poodlana?
The broader market is bearish, however the adoption of cryptocurrencies continues to choose up tempo, each amongst retail and institutional buyers.
Poodlana is among the initiatives that’s gaining traction amongst buyers. It is a Solana-based meme coin centered on introducing the glamor of excessive vogue to the crypto world.
By specializing in selling the ethos of group whereas offering utility to customers, Poodlana could grow to be one of many main dog-themed meme cash on the planet. The group will leverage Poodlana’s reputation in Japan, Korea, and China to construct a robust group for this undertaking.
Poodlana’s token now stay on MEXC
The Poodlana presale has formally ended, with $8 million raised throughout the occasion. The undertaking didn’t waste time getting its token listed on a centralised cryptocurrency alternate.
MEXC, a number one crypto alternate, announced earlier this week that POODL, Poodlana’s native token, is now stay on its buying and selling platform. Currently, solely the POODL/USDT pair is stay on MEXC, however the crypto alternate could listing extra pairs, such as POODL/BTC and POODL/ETH, within the coming weeks or months.
Poodlana allocates 50% of the full provide to presale
Poodlana didn’t undertake a lock-up interval, which suggests its tokens are actually obtainable to buyers. Per their tokenomics, Poodlana may have 1 billion POODL tokens, with 50% going presale.
The remaining 50% shall be divided amongst advertising and marketing (15%), rewards (5%), partnerships (5%), treasury (10%), and liquidity (15%).
Poodlana’s group stored their promise and unlocked 100% of their tokens instantly after the presale. The unsold tokens can be burned, guaranteeing the token’s deflation.
Should you purchase POODL as it lists on exchanges?
If you missed shopping for the Poodlana tokens throughout the presale, you possibly can nonetheless buy them from crypto exchanges. At the second, POODL is simply obtainable on MEXC however could be listed on different exchanges quickly.
Meme cash have grow to be a vital a part of the cryptocurrency ecosystem, with a number of having a market cap of $1 billion or extra. With POODL nonetheless in its early days, this could be the right alternative to spend money on the undertaking.
