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Cryptocurrency News Articles

Poodlana (POODL) Presale Raises $6.5M Ahead of Friday Launch, Tipping PONZIO (PONZ) Bulls Off Their Feet

Aug 13, 2024 at 07:31 pm

This week has kicked off in explosive style for meme coin connoisseurs, with PONZIO up by over 11,000% this month and a new meme token, Poodlana, set to launch on Friday with a wall of buy pressure predicted on day one.

Poodlana (POODL) Presale Raises $6.5M Ahead of Friday Launch, Tipping PONZIO (PONZ) Bulls Off Their Feet

The week has kicked off in explosive style for meme coin enthusiasts, with PONZIO up by over 11,000% this month and a new meme token, Poodlana, set to launch on Friday with a wall of buy pressure predicted on day one.

Poodlana has raised $6.5 million so far in its presale, which ends at 11 a.m. UTC on Friday 16th August. This astonishing figure, raised in less than a month, has analysts predicting a 7,600% surge after the Solana-based POODL token lists on Raydium, just one hour after presale completion.

PONZIO shows the rate at which successful meme coins can grow, giving Poodlana bulls a taste of what’s to come—but given the fact that PONZIO has already blown up, POODL may be the better option for those hunting parabolic growth.

A week to watch in the meme market

Ponzio The Cat—the project behind the PONZIO token—has been a runaway success this summer. The coin launched in July, and is up by over 14,000% from launch prices, with the vast majority of that growth coming in the last 30 days.

The coin’s rise is driven by its “pre-programming” to reach $1 million per token: the total supply of PONZIO is halved every four days via token burns. This deflationary mechanism dwarfs that of other tokens, including Bitcoin, whose issuance halves every four years. And this compressed halving schedule is working: Ponzio The Cat has soared to a market cap of over $314 million in just one month.

While this cat has attracted a lot of eyeballs this week, it’s a new dog token that has rallied the most excitement: Poodlana’s presale has been nothing short of a sensation, and is heating up more than ever as it comes onto the final stretch.

A $1 million raise on day one kicked things off in July, and that figure is now fast approaching $7 million in anticipation of a huge rally when public trading begins on Friday at 11 a.m. UTC. POODL’s inaugural listing, on leading Solana DEX Raydium—which is currently driving Solana’s growth with record-breaking volumes—comes just one hour after the presale, meaning momentum will likely carry directly over into the open market.

And there’s more good news in the pipeline, too: Poodlana has confirmed that two major CEX listings will follow POODL’s Raydium debut, which could lead to a big rally for those who are patient enough. These listings look like the rocket fuel needed to carry price action throughout its opening weeks.

PONZIO vs. POODL: Which one should you buy?

Ponzio The Cat and Poodlana both make a great case as top buys this week, for different reasons—but Poodlana likely comes out on top.

Any coin that produces an 11,000% rally in just one month will always be attractive, and PONZIO is no exception. However, while euphoria reigns supreme at times like these it is worth bearing in mind that such rapid rallies can fade just as quickly, and with such intensely bullish action over the last month, PONZIO buyers may soon face exhaustion.

Poodlana bulls, on the other hand, are just getting started, meaning the kind of price action PONZIO has just witnessed may still be to come for POODL as it prepares to make its open market debut. The powerful but steady momentum the project has built throughout its presale provides a jump-off point for a further rally, and the community growth that has taken place before the token goes live on Raydium sets POODL up for long-term success.

Gem hunters may want to take a chance on PONZIO if they believe that such explosive growth can continue indefinitely, but with a price parabola still possibly lying ahead for Poodlana, the current discounted presale price of $0.05 looks extremely attractive ahead of Friday’s launch at $0.06.

Head to the Poodlana website today to purchase POODL tokens and learn more.

News source:coinpedia.org

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