Outside Source
As major cryptocurrencies struggle, savvy investors know there’s an opportunity to buy low. While accumulating sats is undoubtedly a great move, the possibility of hitting a gem has traders and investors scouring the market.
Poodlana (POODL), a newly-launched cryptocurrency that captured the attention of meme enthusiasts and fashion-centric investors alike, stands out as one of the Solana meme coins that could offer a huge opportunity.
More on the project below.
Crypto losses and the likely opportunity
The current market pain isn’t the first time crypto traders are underwater on most positions. It’s also unlikely the last time many top projects will see a bounce to previous highs or surge to new highs.
What this means is that while most crypto assets continue to sink amid bearish pain, the long term view is that a recovery will happen. Bitcoin and Ethereum are top of analysts’ projections amid increased investor demand with the launch of spot exchange-traded funds. Other altcoins are also likely to bounce sharply if market conditions and catalysts align.
According to analysts at Santiment, this includes Toncoin – which has tanked 31% since news of Telegram CEO Pavel Durov’s arrest in France. Per the Santiment analysis, traders looking for profitable deals may want to check out altcoins that have sun significantly. Such projects offer a relatively “less risky” buy opportunity.
This outlook also applies to new breakout coins, which might see a significant spike in buying activity once markets begin to rally.
What is Poodlana?
Poodlana (POODL) raised $8 million in a 30-day presale that went viral in Asia. After going live on Raydium within 60 minutes of presale closing, the project has quickly landed on crypto exchanges MEXC and BingX. POODL is also listed on CoinMarketCap and CoinGecko.
While these milestones are notable, what might set Poodlana apart from other meme coins on Solana? The potential to attract not just crypto traders, but the fashion-centric community is a plus for the new dog-themed meme coin.
As the crème de la crème of the meme fashion world, Poodlana has an upper hand over the other canine-themed tokens.
Does Poodlana offer a buying opportunity?
The advantages of having launched on the DEX and CEX platforms as indicated in the roadmap has added to community confidence. A lot of the meme coin attention is thus shifting from political tokens or PolitiFi to those with growth potential beyond the US election cycle.
Poodlana is seeing this outlook play out as the POODL token gains while most political tokens are down. If the project’s roadmap milestones such as partnerships with top industry platforms as well as in the fashion world pan out, it could be a foundation for further adoption.
Despite this bullish outlook, its worth noting that crypto and meme coins in particular are volatile and risky assets. Due diligence is always critical.
To learn more or have a glimpse into what Poodlana is, start here.
This article first appeared at CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison
