- Poodlana’s presale surges to $3.5M, with value set to rise additional.
- Bitcoin hits $69,000, boosted by Trump’s pro-crypto remarks.
- BOOK OF MEME rises 20%, with robust technical patterns and market curiosity.
As August approaches, the cryptocurrency market continues to evolve with thrilling developments and noteworthy tendencies. Three cryptocurrencies stand out for his or her potential to seize vital consideration and drive market momentum: Poodlana (POODL), Bitcoin (BTC), and BOOK OF MEME (BOME).
Every of those property is making waves in its personal approach, whether or not via modern presales, vital value rallies, or rising market tendencies.
Right here’s why Poodlana, Bitcoin, and BOOK OF MEME (BOME) are those to watch as we transfer deeper into August.
1. Poodlana: a brand new Solana meme coin making waves in presale
Poodlana (POODL) is rapidly gaining traction in the crypto house, significantly throughout the meme coin sector. Launched on July 17, 2024, Poodlana’s presale has already hit a powerful $3.5 million in below two weeks.
This surge in curiosity highlights the rising pleasure round this new entrant in the market.
The inspiration behind Poodlana is equally compelling. The cryptocurrency attracts from the attract of the poodle, one among Asia’s prime canine breeds, mixing fashion-forward enchantment with the meme coin pattern.
This mixture is resonating with each traders and fans, contributing to its speedy rise.
With simply 17 days left in the presale, the token is about to listing on its first decentralized change (DEX) on August 16.
The presale value is designed to rise after each 72 hours. The value at press time was $0.0335 and was anticipated to rise to $0.0375 in the subsequent presale stage.
It’s projected to listing on crypto exchanges $0.06, providing early consumers an opportunity to capitalize on a doubtlessly profitable alternative.
Poodlana’s tokenomics are additionally noteworthy. With a complete provide of 1 billion tokens, 50% is on the market through the presale, and 100% will likely be unlocked after the ICO sale.
The token’s quick itemizing on a DEX post-presale is designed to remove uncertainties and will drive vital value motion because the undertaking transitions from presale to public buying and selling.
2. Bitcoin: seeing 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.
Previously 24 hours, Bitcoin value has surged by over 3%, breaking previous the $69,000 degree. This value improve displays a broader bullish pattern in the market, which is additional fueled by current occasions.
Former President Donald Trump’s pro-crypto speech on the Bitcoin Convention has been a major driver of Bitcoin’s current features.
Trump pledged to stop federal Bitcoin gross sales if re-elected and to make the US a world chief in cryptocurrency. His remarks have resonated with the crypto neighborhood, contributing to Bitcoin’s restoration and pushing it nearer to the $70,000 mark after buying and selling as little as $63,000 in the previous week.
The rally has additionally positively impacted different Bitcoin-related tokens. As an example, Bitcoin Money (BCH) and Bitcoin SV (BSV) noticed substantial features of over 14% on Monday. BSV, in explicit, has skilled a dramatic 16% soar during the last day, indicating a robust restoration regardless of being down about 45% year-to-date.
With Bitcoin’s affect permeating the market and its value nearing $70,000, it stays a key asset to watch in August.
3. BOOK OF MEME (BOME): one other Solana-based meme coin that’s rising
BOOK OF MEME (BOME) is quickly rising as a standout throughout the Solana ecosystem. Latest developments spotlight a major bullish pattern for this meme coin. BOME surged 20% to $0.0105, pushed by a mix of technical patterns and broader market actions.
The token’s spectacular rally is bolstered by a golden cross sample, the place the 50-day Exponential Transferring Common (EMA) crosses above the 200-day EMA, signaling robust bullish momentum.
Moreover, BOME has proven resilience by rebounding from early July’s drop. After retesting the $0.0065 help degree, the token managed to break via key resistance at $0.0095, climbing to $0.01065.
The Relative Power Index (RSI) additionally broke bearish divergence, additional supporting the optimistic 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 may affect value actions.
The rising curiosity in BOME can also be evident from a 74% improve in futures open curiosity. This means heightened market curiosity but in addition suggests potential for elevated volatility and subsequent corrections.
The presence of an inverse head and shoulders sample on the each day chart suggests a attainable 41% surge to $0.013, making BOME a key cryptocurrency to monitor carefully in August.
Conclusion
Whereas Poodlana (POODL), BOOK OF MEME (BOME), and Bitcoin every current compelling bullish indicators for August, Poodlana stands out as probably the most promising alternative.
With its presale at present underway, Poodlana provides a transparent value increment path main up to its August 16 DEX itemizing, offering a extra predictable funding alternative.
In distinction, Bitcoin and BOOK OF MEME face market volatility that might lead to vital value swings. For these looking for a extra structured and doubtlessly profitable funding, Poodlana’s presale part provides a singular and advantageous place.
Nonetheless, it’s all the time necessary to do your due diligence earlier than making any crypto funding due to the risky nature of the crypto market.
