SuperRare (RARE) Surges 187% as Poodlana (POODL) Gears Up for Major Exchange Listing

SuperRare, a leading NFT marketplace, has seen its token price surge by 187% in recent weeks, reflecting growing interest in digital art.

SuperRare (RARE) Price Surges 187% as NFT Marketplace Token Gains Traction

The price of SuperRare ($RARE) has soared in recent weeks, reflecting the growing interest in digital art and NFTs. At the same time, meme coin Poodlana (POODL) is preparing for a major exchange listing that could further fuel its explosive growth.

SuperRare, founded in 2018, has quickly become one of the leading platforms for curated on-chain art. With over $300 million in total sales and $180 million earned by artists, it has established itself as a cornerstone in the NFT space. The $RARE token is central to SuperRare’s ecosystem, serving as both a currency for transactions and a governance tool through the RareDAO.

Recent performance metrics highlight SuperRare’s remarkable growth. As of the latest figures, the $RARE token price stands at $0.2508, reflecting a 4.49% increase in the past 24 hours.

More strikingly, it has surged by 187.89% over the past week and 172.14% over the last 30 days. This dramatic rise in value underscores the increasing popularity and investment in the SuperRare platform.

The recent uptick in SuperRare’s token price can be attributed to several factors. The platform’s ongoing commitment to improving art market discovery and decentralization, coupled with its innovative approach to artist royalties, has resonated strongly within the crypto community.

As a pioneer in perpetual artist royalties, SuperRare continues to attract artists and collectors, driving up both its market cap and trading volume.

Poodlana (POODL), on the other heels of SuperRare’s success, is setting the stage for its meteoric rise. Launched with a highly successful $8 million presale, Poodlana has already made its debut on Raydium and MEXC.

The token is also scheduled for listing on a tier-1 exchange on August 23, 2024. The excitement surrounding the listing has been amplified by persistent rumours of a potential Binance listing, which could further drive demand.

The possible impact of the Binance effect is substantial. Historical data shows that new listings on Binance often result in an average price surge of around 40%.

Poodlana’s market entry strategy is designed to capitalize on the buzz generated during its presale. With no vesting periods or lockups, the token is expected to experience significant buying pressure as it transitions to public markets.

Given Poodlana’s targeted appeal in the Asian meme coin market — a region that drives a substantial portion of meme trading volume — the token is well-positioned for a strong performance. The unique poodle theme and high-fashion branding are also contributing to its growing popularity.

Moreover, Poodlana’s association with Solana, a blockchain known for its speed and scalability, adds another layer of potential. Solana meme coins have seen significant appreciation, with some tokens experiencing surges of over 1,000%. Poodlana’s alignment with this trend suggests that it could also see substantial growth.

The exchange listing is not just about liquidity; it is a strategic move to capture market momentum and establish Poodlana as a leading player in the meme coin space. Investors and enthusiasts are eagerly awaiting the tier-1 exchange listing, hoping to lock in gains before the anticipated FOMO-driven price surge.