Poodlana (POODL) Could Be the Next Big Thing in Crypto After the Success of Hoppy and Dogwifhat

Meme coins like Hoppy, Dogwifhat, and other tokens have done well this year because of the general performance of Bitcoin and other cryptocurrencies.

Meme coins have soared in 2023, largely tracking the robust performance of Bitcoin and other cryptocurrencies. Hoppy (HOP) token, a meme coin that was launched earlier this year, soared by over 570% in the past 30 days. Another meme token, Dogwifhat (WIF), jumped by over 2,000% in the past six months.

These meme coins had a stellar performance despite the recent struggles of Bitcoin and other major coins. But meme coins are typically known for their high volatility, a factor that makes them extremely risky.

Still, these coins have attracted massive attention from traders in 2023, who are looking for quick returns in a year that has been good for cryptocurrencies. But what is driving the meme coin mania?

Meme coins soared in 2023

Meme coins are a special type of cryptocurrency that is usually created to poke fun at something. They are typically created by a group of anonymous developers and have no clear use case. But despite their lack of fundamentals, meme coins have soared this year.

The main reason for this is the strong performance of Bitcoin and other cryptocurrencies. Bitcoin rose sharply from its lowest point in 2022, a move that attracted traders to other assets.

Another factor that is driving the meme coin mania is the cheap price of these coins. Unlike Bitcoin, Chainlink, Litecoin, and Bitcoin Cash, meme coins are substantially cheaper. This means that traders can make more money from meme coins compared to similar moves by Bitcoin and other coins.

Finally, the success of other investors who went in early is also motivating many traders. In a recent article, we covered an investor who turned a $113k investment into $1.3 million by investing in MICHI, a meme coin. At its peak, the trader had made over $5 million.

These stories have become very common, especially among people who bought new meme coins earlier. For example, earlier buyers of a token like Dogwifhat have became millionaires as the token soared.

Poodlana introduces a new concept

Poodlana, an upcoming Solana meme coin, is aiming to become the next big thing in the crypto industry. It is aiming to be the next big dog-themed token, disrupting an industry that the likes of Shiba Inu, Baby Doge Coin, and Floki have dominated. It derives its name from Poodle, one of the most popular dog breeds in in Japan.

Poodlana will launch its pre-sale token later this month and users will be able to buy it with their SOL, BNB, ETH, USDT, USDC, and even fiat currencies. The pre-sale will last for 30 days, a process that will be followed by listings in popular decentralized exchanges like Raydium and Orca.

Unlike other pre-sale tokens, all of Poodlana’s tokens will be unlocked from day one. This will prevent the issue where token unlocks happen over a long time and dilute existing token holders.

The next stage after the token listing in exchanges will be marketing followed by new products like airdrops and a staking platform. Staking allows users to generate returns by just holding a token. Learn more about Poodlana here.

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