Bitcoin Price Stalls Below $60k as Poodlana Presale Launches in 5 Days
BTC saw a rise above $59k on Thursday but has since dropped back down as the market did not take advantage of yesterday’s CPI report.
Bitcoin’s price is now below $58k as the bears continue to dominate the market. Despite a positive week overall, with most coins seeing an increase of more than 3% in the last seven days, BTC has dipped by over 2% in the past 24 hours. Currently, Bitcoin is priced at $57,246.
Even with the recent CPI report showing a decrease in inflation in the US and expectations of a Federal Reserve interest rate cut in September, Bitcoin is struggling to surpass the $60k mark.
What is Poodlana?
In the midst of the market’s ups and downs, new projects like Poodlana are emerging. Poodlana is a meme project focusing on bringing the world of high fashion to the crypto sphere. The goal is to make Poodlana the top dog token globally, emphasizing community-driven growth and unique value for investors.
The development team behind Poodlana aims to capitalize on the popularity of Poodles in Asia, particularly in Japan, Korea, and China, where they are considered fashion symbols. By combining this with the love for meme coins in these regions, Poodlana hopes to build a strong community.
Poodlana’s presale kicks off in five days
The highly-anticipated Poodlana presale is set to begin in five days on July 17, running for 30 days. Interested investors can participate using SOL, BNB, ETH, USDT, USDC, and fiat/card payments. There will be no lock-up period for tokens during this presale.
The presale will consist of 10 stages, with the token price increasing every three days, starting at $0.0200 in stage 1 and reaching $0.0539 in the final stage.
Poodlana plans to issue a total of one billion tokens, with 50% allocated to the presale and the remaining 50% divided among marketing, rewards, partnerships, treasury, and liquidity. All tokens will be unlocked from day one, with unsold tokens being burned after the presale.
Investors can claim their tokens immediately following the presale, and the token is expected to be listed on decentralized exchanges shortly after.
Is Poodlana worth investing in?
Poodlana’s transparent approach and unique concept make it an intriguing investment opportunity. By leveraging the popularity of the Poodlana dog and aiming to become a prominent dog-themed meme coin, the project could attract significant attention in the crypto market.
With the presale lasting for 30 days and the token set to be listed on exchanges soon after, there is a limited window for investors to get involved. The quick listing on exchanges could also draw more interest to the project, potentially leading to substantial growth in the future.