- Pre-sales for Poodlana soared to $3.5 million, with prices set to rise further.
- Bitcoin hit $69,000, boosted by Trump’s pro-cryptocurrency remarks.
- BOOK OF MEME rose 20%, with strong technical form and strong market interest.
As August approaches, the cryptocurrency market continues to evolve, with exciting developments and noteworthy trends emerging. Three cryptocurrencies stand out for their potential to attract a lot of attention and drive market momentum: Poodlana (POODL), Bitcoin (BTC), and BOOK OF MEME (BOME).
Each of these assets is making waves in its own way, whether through innovative pre-sales, substantial price increases, or emerging market trends.
That’s why Poodlana, Bitcoin, and BOOK OF MEME (BOME) are worth watching as we head into August.
Poodlana: The New Solana Meme Coin Making Waves in Presale
Poodlana (POODL) is rapidly gaining traction in the cryptocurrency space, especially in the meme coin space. The cryptocurrency launches on July 17, 2024, and has already reached an impressive $3.5 million in pre-sales in less than two weeks.
This surge in interest highlights the market’s growing excitement about this new entrant.
The inspiration behind Poodlana is equally compelling. The cryptocurrency draws on the appeal of one of Asia’s top dog breeds, the poodle, blending its fashion-forward appeal with the meme coin trend.
This combination resonated with investors and enthusiasts, fueling its meteoric rise.
With only 17 days left in the pre-sale, the token will be listed on its first decentralized exchange (DEX) on August 16.
Pre-sale prices are designed to increase every 72 hours. The price is $0.0335 at press time and is expected to rise to $0.0375 during the next pre-sale phase.
The expected listing on cryptocurrency exchanges is priced at $0.06, providing early buyers with the opportunity to take advantage of a potentially lucrative opportunity.
Poodlana’s tokenomics are also worth noting. The total supply of tokens is 1 billion, of which 50% will be available during the pre-sale and 100% will be unlocked after the ICO sale.
Listing the token on the DEX immediately after the pre-sale is intended to remove uncertainty and potentially drive significant price swings as the project transitions from pre-sale to public trading.
Bitcoin: Increased Activity After Bitcoin 2024 Conference
Bitcoin (BTC) remains a cornerstone of the cryptocurrency market, with its recent performance underlining its continued relevance and influence.
Bitcoin prices have soared more than 3% in the past 24 hours, surpassing the $69,000 mark. This price increase reflects a broader bullish trend in the market, which has been further fueled by recent events.
Former President Donald Trump’s pro-cryptocurrency speech at a Bitcoin conference was a significant driver of Bitcoin’s recent gains.
Trump has pledged to block federal Bitcoin sales and make the United States a global leader in cryptocurrencies if re-elected. His comments resonated with the crypto community, fueling Bitcoin’s recovery and pushing it towards the $70,000 mark after trading as low as $63,000 over the past week.
The rise also had a positive impact on other Bitcoin-related tokens. For example, Bitcoin Cash (BCH) and Bitcoin SV (BSV) surged more than 14% on Monday. BSV, in particular, surged 16% from the previous day, showing a strong recovery despite being down about 45% so far this year.
As Bitcoin’s influence permeates the market and its price approaches $70,000, it remains an important asset to watch in August.
BOOK OF MEME (BOME): Another Meme Coin Based on Solana is on the Rise
BOOK OF MEME (BOME) is quickly emerging as a leader in the Solana ecosystem. Recent developments highlight a significant bullish trend for this meme token. BOME surged 20% to $0.0105, driven by a combination of technical patterns and broader market moves.
The coin’s impressive rally is reinforced by a golden cross pattern, with the 50-day exponential moving average (EMA) crossing above the 200-day EMA, indicating strong bullish momentum.
Additionally, BOME showed resilience as it rebounded from losses in early July. After retesting the support at $0.0065, the coin managed to break above the key resistance at $0.0095 to climb to $0.01065.
The relative strength index (RSI) also broke the bearish divergence, further supporting the positive outlook.
Still, traders should remain cautious as the RSI moving into overbought territory and potential volatility from the upcoming Federal Open Market Committee (FOMC) meeting could impact price action.
Futures open interest increased by 74%, which is also evidence of the growing interest in BOME. This indicates increased market interest, but also the potential for increased volatility and a subsequent correction.
An inverse head-and-shoulders pattern emerging on the daily chart suggests BOME could surge 41% to $0.013, making BOME a key cryptocurrency to watch closely in August.
In Conclusion
While Poodlana (POODL), BOOK OF MEME (BOME), and Bitcoin all presented convincing bullish indicators in August, Poodlana stood out as the most promising option.
Poodlana is currently undergoing a pre-sale, providing a clear path to price growth ahead of the DEX listing on August 16, offering a more predictable investment opportunity.
In contrast, Bitcoin and BOOK OF MEME face market volatility that can cause large price swings. For those seeking a more structured and potentially lucrative investment, Poodlana’s pre-sale phase provides a unique and advantageous position.
Nonetheless, due to the volatility of the cryptocurrency market, it is always important to conduct due diligence before making any cryptocurrency investment.
