Cryptocurrencies to look at in August: Poodlana, Bitcoin, BOOK OF MEME (BOME)

• Poodlana’s presale surges to $3.5M, with worth set to rise additional.
• Bitcoin hits $69,000, boosted by Trump’s pro-crypto remarks.
• BOOK OF MEME rises 20%, with sturdy technical patterns and market curiosity.

As August approaches, the cryptocurrency market continues to evolve with thrilling developments and noteworthy tendencies. Three cryptocurrencies stand out for his or her potential to seize vital consideration and drive market momentum: Poodlana (POODL), Bitcoin (BTC), and BOOK OF MEME (BOME).

Every of those property is making waves in its personal approach, whether or not by way of revolutionary presales, vital worth rallies, or rising market tendencies.

Right here’s why Poodlana, Bitcoin, and BOOK OF MEME (BOME) are those to look at as we transfer deeper into August.

1. Poodlana: a brand new Solana meme coin making waves in presale

Poodlana (POODL) is shortly gaining traction within the crypto area, significantly inside the meme coin sector. Launched on July 17, 2024, Poodlana’s presale has already hit a formidable $3.5 million in underneath two weeks.

This surge in curiosity highlights the rising pleasure round this new entrant available in the market.

The inspiration behind Poodlana is equally compelling. The cryptocurrency attracts from the attract of the poodle, certainly one of Asia’s prime canine breeds, mixing fashion-forward enchantment with the meme coin development.

This mixture is resonating with each traders and lovers, contributing to its speedy rise.

With simply 17 days left within the presale, the token is ready to listing on its first decentralized trade (DEX) on August 16.

The presale worth is designed to rise after each 72 hours. The value at press time was $0.0335 and was anticipated to rise to $0.0375 within the subsequent presale stage.

It’s projected to listing on crypto exchanges $0.06, providing early consumers an opportunity to capitalize on a doubtlessly profitable alternative.

Poodlana’s tokenomics are additionally noteworthy. With a complete provide of 1 billion tokens, 50% is out there in the course of the presale, and 100% shall be unlocked after the ICO sale.

The token’s instant itemizing on a DEX post-presale is designed to remove uncertainties and will drive vital worth motion because the undertaking transitions from presale to public buying and selling.

2. Bitcoin: seeing elevated exercise after the Bitcoin 2024 Convention

Bitcoin (BTC) stays a cornerstone of the cryptocurrency market, and its latest efficiency underscores its continued relevance and affect.

Previously 24 hours, Bitcoin worth has surged by over 3%, breaking previous the $69,000 stage. This worth enhance displays a broader bullish development available in the market, which is additional fueled by latest occasions.

Former President Donald Trump’s pro-crypto speech on the Bitcoin Convention has been a major driver of Bitcoin’s latest features.

Trump pledged to forestall federal Bitcoin gross sales if re-elected and to make the US a worldwide chief in cryptocurrency. His remarks have resonated with the crypto neighborhood, contributing to Bitcoin’s restoration and pushing it nearer to the $70,000 mark after buying and selling as little as $63,000 prior to now week.

The rally has additionally positively impacted different Bitcoin-related tokens. For example, Bitcoin Money (BCH) and Bitcoin SV (BSV) noticed substantial features of over 14% on Monday. BSV, specifically, has skilled a dramatic 16% soar over the past day, indicating a powerful restoration regardless of being down about 45% year-to-date.

With Bitcoin’s affect permeating the market and its worth nearing $70,000, it stays a key asset to look at in August.

3. BOOK OF MEME (BOME): one other Solana-based meme coin that’s rising

BOOK OF MEME (BOME) is quickly rising as a standout inside the Solana ecosystem. Current developments spotlight a major bullish development for this meme coin. BOME surged 20% to $0.0105, pushed by a mixture of technical patterns and broader market actions.

The token’s spectacular rally is strengthened by a golden cross sample, the place the 50-day Exponential Shifting Common (EMA) crosses above the 200-day EMA, signaling sturdy bullish momentum.

Moreover, BOME has proven resilience by rebounding from early July’s drop. After retesting the $0.0065 assist stage, the token managed to interrupt by way of key resistance at $0.0095, climbing to $0.01065.

The Relative Power Index (RSI) additionally broke bearish divergence, additional supporting the optimistic outlook.

Regardless of this, merchants ought to stay cautious, because the RSI’s entry into the overbought area and potential volatility from the upcoming Federal Open Market Committee (FOMC) assembly might affect worth actions.

The rising curiosity in BOME can also be evident from a 74% enhance in futures open curiosity. This means heightened market curiosity but in addition suggests potential for elevated volatility and subsequent corrections.

The presence of an inverse head and shoulders sample on the day by day chart suggests a doable 41% surge to $0.013, making BOME a key cryptocurrency to observe intently in August.

Conclusion

Whereas Poodlana (POODL), BOOK OF MEME (BOME), and Bitcoin every current compelling bullish indicators for August, Poodlana stands out as probably the most promising alternative.

With its presale at present underway, Poodlana provides a transparent worth increment path main as much as its August 16 DEX itemizing, offering a extra predictable funding alternative.

In distinction, Bitcoin and BOOK OF MEME face market volatility that would result in vital worth swings. For these looking for a extra structured and doubtlessly profitable funding, Poodlana’s presale section provides a novel and advantageous place.

However, it’s at all times vital to do your due diligence earlier than making any crypto funding because of the unstable nature of the crypto market.