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Poodlana is much more accessible for worldwide investors now that it’s live on MEXC, BingX, and Raydium.
But there are still rumours on social media that its developers remained committed to a listing on Binance as well – and that makes up for a much bigger reason to consider investing in POODL.
That may be a part of the reason why Crypto GEMs – a widely followed crypto influencer on X.com recently forecast a whopping 7,650% rally in the Poodlana meme coin by the end of 2024.
Let’s dive deeper and explore what else makes crypto enthusiasts super bullish on POODL for the months ahead.
Poodlana meme coin could 7x from here
Earning a 7650% return from a meme coin may sound too good to be true, but it would hardly be the first time for a meme coin to have offered such outsized profits.
If you’ve been following the crypto space for a while, BONK and WIF will be two names that you have frequently heard of this year. That’s because both have recently topped $1 billion valuation.
That should be significant for those interested in POODL because it shares a key characteristic with BONK and WIF: all three of these are Solana-based meme coins.
BONK is up a massive 6,500% year-to-date and if Poodlana follows it in its footsteps, a potential 7,650% gain that Crypto GEMs has projected doesn’t look all that far-fetched all of a sudden.
You can learn more about this poodle-inspired meme coin on its website.
Why may Binance be a big deal for POODL?
If Poodlana does eventually find its way to Binance, it may prove to be a significant boost to its price tag considering the world’s largest crypto exchange now has over 200 million users worldwide.
That’s the kind of visibility POODL will get if it secures a listing on Binance.
And it’s not like the “Binance Effect” is unheard of at all.
New Binance listings end up rallying over 41% following their debut on that crypto exchange, as per recent research.
Note that POODL raised a total of $8 million in its one-month presale that concluded on August 16.
If it had that much interest during the presale, imagine the kind of demand that could unlock if it indeed lists on Binance.
If you’re interested in diving deeper into Poodlana and its native POODL meme coin, click here now.
US central bank is all set to begin cutting rates
Another reason to consider investing in this meme coin in August is the recent confirmation from Fed chair Jerome Powell that the “time has come” to begin cutting interest rates.
Lower interest rates weaken the US dollar, stimulate economic activity, and turn saving accounts less attractive to drive investors towards the higher risk, higher return assets like cryptocurrencies.
That’s why the upcoming rate cuts could be a boon for Poodlana.
Details about POODL and the team’s plans are available on this link.
The post Poodlana remains attractive after a successful presale appeared first on Invezz
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The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.