- Poodlana will end its pre-sale on August 16th and will be listed on DEX within one hour.
- Market sentiment is rising again as investors target potential investment opportunities.
Poodlana is one of the new dog-themed tokens surging ahead of an important inflation report on Wednesday.
Consumer price index data could prompt the Federal Reserve to cut interest rates in the coming months, which added to the optimism in the market. Bitcoin’s surge above $61,000 has boosted the broader market, while bull-focused traders have flocked to perhaps the biggest pre-sale gem of the year – Poodlana (POODL).
Investors pay attention to CPI release
Despite news that BitGo moved $2 billion worth of Bitcoin from Mt. Gox on Tuesday, the benchmark cryptocurrency remained close to the psychologically important price level of $60,000. Gold surged to $61,000 as investors targeted further signs of interest rate cuts from the Federal Reserve.
Experts largely agree, leaving traders ready for a potential rebound.
According to Chip Capital, investors may pay more attention to inflation data, which will increase the overall sentiment of the Federal Reserve.
Growing Market Momentum
Cryptocurrencies have continued to climb higher over the past 24 hours as Bitcoin edged above $61,000 and Ethereum topped $2,600. Analysts believe the top cryptocurrencies may be poised for further gains, presenting a buying opportunity for investors.
The market for Solana meme coins has seen a 5.4% growth, reaching over $6.62 billion in market capitalization. While these assets make up a small portion of the global market, they show potential for significant growth.
The Rise of Poodlana
Poodlana launched a 30-day pre-sale in July and is set to be listed on DEX soon. Combining Asian meme charm with fashion, Poodlana has gained popularity rapidly, raising over $7 million during its pre-sale period.
With its listing on Raydium and potential listing on major exchanges, Poodlana could follow the path of other successful Solana meme coins. Investors are eyeing the DEX listing on August 16 as a potential buying opportunity for Poodlana.
For more information on Poodlana and what sets it apart, visit the official website.
