- Toncoin price is retesting the $6.80 resistance level and could spike to a new all-time high.
- Poodlana price could also explode after its 30-day presale.
Toncoin (TON) has pulled back from the $6.80 price zone twice in the past week, but could yet retest the resistance level as bulls target a breakout. Multiple positive catalysts for Toncoin suggest TON could break to its all-time high in the short term.
Meanwhile, a resilient crypto market has analysts forecasting a major rally for altcoins. This outlook is likely the reason investors are taking a closer look at Solana-based token Poodlana (POODL).
If TON price breaks out to target the psychological $10 level, various catalysts could see POODL eye an even bigger move.
Here’s more about the new meme coin
What is Poodlana?
Poodlana (POODL) is the hottest meme coin in the market thanks to its viral traction in Asia. The coin that merges the best of dog-themed cryptocurrency and luxury fashion has taken the Solana presale market by storm since its launch two weeks ago.
Driving this huge interest in POODL is the poodle. This top dog breed is taking over Asia – with China, Japan and Korea leading. Celebrities and the wealthy are keen to show off these cute pooches at fashion shows and other top end events. But the allure and elegance is currently sweeping across the globe, and Poodlana’s launch has the crypto industry in a frenzy.
Poodlana describes itself as the “Hermès of Crypto,” the crème de la crème in dog-themed meme coins. Dogecoin and Shiba Inu continue to lead as the OG dog-themed coins.
However, the Poodlana whitepaper describes POODL as a canine trendsetter on the mission, with glamour and investment combining to devastating effect on the runway and on blockchain.
A 30-day presale is Poodlana’s grand entrance
Although Poodlana outlines a roadmap that includes exchange partnerships, staking and airdrops, the ticket to getting there is currently available via the presale.
The 30-day event went live on July 17 and has so far attracted more than $3.5 million despite the recent crypto dip. It’s a grand entrance that marks the first phase of POODL’s quest to be top dog on Solana and in crypto.
Poodlana price prediction
On August 16, the next phase of the roadmap will begin with Poodlana’s token listing on a DEX within an hour of the final presale stage closing. This means the chance to grab a part of the 500 million POODL on offer during the “crypto fashion month,” may be now.
Currently, POODL’s price is $0.0335 but will rise through the remaining presale stages to reach $0.054. According to details on the project’s website, POODL will list on DEX at the price of $0.06. This means the token will hit the trading market with a 200% upside for stage 1 participants.
Poodlana launching on DEX immediately after its presale will ride the momentum that has the presale flying as well a potential new bull run for cryptocurrencies. POODL could break out from the $0.06 level to quickly hit $0.1 and a 10x move driven by demand in Asia could see it trade beyond $0.5 in coming months.
Market conditions and overall sentiment could however be key to how high Poodlana’s price rises post-DEX launch.
To learn more about the project, visit the official website.
The post Toncoin price tests key level as Poodlana (POODL) gains traction appeared first on CoinJournal.
