- Poodlena's pre-sale has risen to $3.5 million, with the value set to rise additional.
- Bitcoin Assaults $69,000, Buoyed by Trump's Professional-Crypto Statements
- BOOK OF MEME is up 20%, with robust technical patterns and market curiosity.
As August approaches, the cryptocurrency market continues to evolve with thrilling developments and notable traits. Three cryptocurrencies stand out for his or her potential to seize important consideration and drive market dynamics: Poodle (POODL), Bitcoin (BTC), and BOOK OF MEME (BOME).
Every of those property is making waves in its personal approach, whether or not via modern pre-sales, important worth development or new market traits.
Right here's why Poodlena, Bitcoin and BOOK OF MEME (BOME) are those to observe as we transfer deeper into August.
1. Poodlena: Solana's new meme coin making waves within the presale
Poodlena (POODL) is rapidly gaining traction within the crypto house, particularly within the meme coin sector. Poodlan's presale, which launched on July 17, 2024, has already reached a powerful $3.5 million in lower than two weeks.
This surge in curiosity highlights the rising pleasure surrounding this new market entrant.
The Poodle inspiration is simply as compelling. The cryptocurrency attracts on the attraction of the poodle, one among Asia's main canine breeds, and mixes trend attraction with the meme coin pattern.
This mixture resonates with traders and lovers alike and contributes to its speedy rise.
With simply 17 days left within the presale, the token is about for its first decentralized alternate (DEX) on August 16.
The presale worth is designed to extend each 72 hours. The worth at press time was $0.0335 and was anticipated to rise to $0.0375 within the subsequent section of the presale.
It’s anticipated to be listed on crypto exchanges at $0.06, providing early consumers an opportunity to reap the benefits of a probably profitable alternative.
Poodlan's tokenomics can also be notable. With a complete provide of 1 billion tokens, 50% can be found throughout the presale and 100% will probably be unlocked after the ICO sale.
The fast itemizing of the token on the DEX after the pre-sale is designed to eradicate uncertainties and will result in important worth motion when the venture transitions from pre-sale to public buying and selling.
2. Bitcoin: see elevated exercise after the Bitcoin 2024 convention
Bitcoin (BTC) stays a cornerstone of the cryptocurrency market, and its current efficiency underscores its continued relevance and affect.
Within the final 24 hours, the value of Bitcoin has elevated by greater than 3%, surpassing the $69,000 degree. This worth enhance displays a broader bullish pattern out there, which is additional supported by current occasions.
Former President Donald Trump's pro-crypto speech at a Bitcoin convention was a serious driver of Bitcoin's current positive aspects.
If re-elected, Trump has vowed to forestall federal gross sales of Bitcoin and make the US the worldwide chief in cryptocurrency. His remarks resonated within the crypto neighborhood, serving to bitcoin rally and pushing it nearer to the $70,000 mark after buying and selling as excessive as $63,000 final week.
The rally additionally positively impacted different bitcoin-related tokens. For instance, Bitcoin Money (BCH) and Bitcoin SV (BSV) noticed substantial positive aspects of over 14% on Monday. Particularly, BSV noticed a dramatic soar of 16% over the past day, indicating a powerful restoration regardless of falling 45% year-to-date.
As Bitcoin's affect seeps into the market and nears $70,000, it stays a key asset to observe in August.
3. BOOK OF MEME (BOME): one other Solana primarily based meme coin that’s rising
BOOK OF MEME (BOME) is rapidly rising as an exception within the Solana ecosystem. Current developments level to a big bullish pattern for this meme coin. BOME rose 20% to $0.0105 on a mixture of technical patterns and broader market strikes.
The token's spectacular rally is strengthened by a golden cross sample, the place the 50-day exponential transferring common (EMA) crosses the 200-day EMA, signaling robust bullish momentum.
As well as, BOME confirmed resilience by rebounding from the early July decline. After retesting the $0.0065 help degree, the token managed to interrupt the important thing resistance at $0.0095 and climb as much as $0.01065.
The Relative Energy Index (RSI) additionally broke the bearish divergence, additional supporting the constructive 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 might have an effect on worth actions.
The rising curiosity in BOME can also be evident from the 74% enhance in open curiosity in futures. This means elevated market curiosity, but additionally suggests the potential for elevated volatility and subsequent corrections.
The presence of an inverse head and shoulders sample on the each day chart suggests a potential 41% rally to $0.013, making BOME a key cryptocurrency to observe carefully in August.
Conclusion
Whereas Poodlena (POODL), BOOK OF MEME (BOME) and Bitcoin all current compelling bullish indicators for August, Poodlena stands out as essentially the most promising possibility.
With its pre-sale at the moment underway, Poodlana gives a transparent path to a worth enhance resulting in its DEX itemizing on August 16, offering a extra predictable funding alternative.
In distinction, Bitcoin and BOOK OF MEME face market volatility that would result in important worth swings. For these in search of a extra structured and probably profitable funding, the Poodle's pre-sale section gives a novel and advantageous place.
Nonetheless, it's all the time vital to do your due diligence earlier than making any crypto funding because of the risky nature of the crypto market.
