- Bitcoin is buying and selling above $55,000 after a pointy selloff that noticed it fall beneath $50,000.
- Meme Coin Brett (BRETT) leads the highest 100 cash by market capitalization.
- Poodlana surpassed $5M in pre-sale with 10 days to go earlier than itemizing on DEX.
A number of altcoins are within the inexperienced as bitcoin worth rebounds from Monday's lows amid a shocking selloff that engulfed cryptocurrencies and shares.
As the worth of Bitcoin (BTC) seems set to increase its rebound above $55,000, meme coin Brett (BRETT) is main the altcoin flip with a achieve of greater than 30% in 24 hours. In the meantime, merchants eyeing the brand new Solana-based meme Coin Poodlana (POODL) elevated the tempo of pre-sales because the undertaking crossed the $5 million mark.
Bitcoin is buying and selling above $55,000 because the market recovers
Matt Hougan, chief funding officer of Bitwise, is optimistic regardless of the cryptocurrency crash.
In a submit on X on Monday, he mentioned the crash that threw up the crypto market on August 5, 2024 was corresponding to the crash that hit international capital markets in mid-March 2020.
Because it occurred then, Bitcoin led cryptocurrencies down amid the chaotic response to the Covid pandemic. However the market has rebounded, and Hougan believes the present downturn may supply such a chance.
8/ However March 12, 2020 was no time to panic. It was the most effective shopping for alternative for Bitcoin in a decade.
— Matt Hougan (@Matt_Hougan) August 5, 2024
Bitcoin recovered a number of the losses it skilled when it dipped beneath $50,000 and may gain advantage from an explosive rebound if the drop represents a brand new backside.
BRETT leads the market with a 30% enhance in 24 hours
The cryptocurrency market has returned above $2 trillion in market capitalization as a number of altcoins posted important positive aspects over the previous 24 hours. Though Ethereum (ETH), Solana (SOL) and BNB (BNB) noticed respectable positive aspects in the course of the early Asian hours, the largest gainer on the time of writing is Base meme coin Brett (BRETT).
In keeping with CoinMarketCap knowledge, BRETT noticed a 33% leap in its worth, reaching a 24-max of $0.094. Brett's enterprise quantity elevated 5% to greater than $93.8 million. Whereas BRETT is outperforming Bittensor (TAO), AIOZ Community (AIOZ), Ondo Finance (ONDO) and Akash Community (AKT) on the time of writing, its worth stays within the purple over the previous week and month.
BRETT worth has decreased by 31% within the final week, whereas its losses within the final month are round 23%.
Poodle Presale: Retailers are scooping up POODL
Poodlena (POODL) is attracting enormous consideration regardless of the present market outlook. After beginning its presale on July seventeenth, the brand new Solana meme coin surpassed $5 million in complete income in a file 20 days.
Solana's newest meme coin describes itself as a “crypto meets couture” undertaking. It’s impressed by the poodle, a canine breed that strikes the world of trend, with the world's main celebrities and elites eager to make a press release with poodle trend.
Driving a brand new period of dog-themed market tokens, this fusion of trend and cryptocurrency has discovered its best success in Asia, the place China, Japan and Korea are main the brand new crypto wave. The Poodle's pre-sale success means that its launch could possibly be an explosive market debut.
When will the Poodlena DEX launch?
As Poodlena provided a 30-day pre-sale, the undertaking expects to launch its token on August 16. The presale worth began at $0.06 and can attain $0.0539 within the last stage of the presale earlier than hitting the DEX inside an hour of the token sale closing.
Which means that merchants who need to get a place with the brand new SOL meme coin at discounted costs solely have 10 days to purchase POODL. The main points additionally present that Poodlena will launch with 100% of the presale tokens unlocked.
Presently, POODL is priced at $0.0416, which is predicted to rise to $0.0458 within the subsequent section.
You will discover out extra about this new meme coin by becoming a member of the neighborhood right here.
