Pepe and Poodlana have become rising stars of the crypto world. Pepe is a meme currency that has attracted attention due to its price fluctuation and community support.
Poodlana is a brand new player in the Asian marketplace. It has taken advantage of the fascination the Asian region holds for poodles, to achieve significant traction with its Initial Coin Offering (ICO).
The article provides a comparison of their 2024 price predictions, based on the coin’s recent performance.
PEPE market correction and peak
PEPE’s all-time peak was reached on the 27th of May. This is its second consecutive high in two weeks. PEPE’s value dropped 19.27% from the peak, to approximately $0.00000145 on 5 June.
A significant trend on the PEPE market this week suggests that despite the recent decline, the bottom may be close.
The price of PEPE has fallen by only 19% since the market’s peak last month, but trading volume is down by 72%. It has dropped from $4.32 Billion on 23 May, to $1.27 Billion on 5 June.
This steeper drop in volume relative the price, during a correction period is viewed by strategic investors as an early indication of a possible bullish reversal.
The trend indicates that PEPE traders are reluctant to lower their prices, and most have done so already at higher levels.
The technical indicators are also supportive of the possibility of a bullish turn. PEPE is nearing a crucial support area around the SMA (20-day Simple Moving Average) of $0.0000138. Bulls who have been sidelined may see the approaching 20% price correction as a good entry point to new positions.
The $0.00017 all-time-high will be the main short-term obstacle to overcome if PEPE launches another rally in June 2024. PEPE’s momentum could allow it to reach new heights in 2024 above $0.000020.
PEPE may lose support at its 50-day SMA of $0.0000010 and fall below the key level of $0.000014 if bearish pressure increases.
PEPE, despite the recent drop, has outperformed other major cryptos such as Bitcoin Ethereum and Solana in the last year. It delivered an impressive 1,299.26% return.
The strong performance of the coin demonstrates the interest that investors have in it.
Poodlana’s entrance and potential
Poodlana has dominated the Asian Crypto Market with its clever mix of attitude and innovation. This combination sent investors into frenzy after their highly anticipated presale launch.
Based on the massive momentum Poodlana gained from Asia’s Poodle Craze, the presale token allocation will likely sell out quickly.
The crypto-market is now catching up with the trend of poodles as top fashion accessories.
Poodlana presale is a success
Poodlana’s Initial Coin Offering began on 17th July at a price of only $0.02.
Poodlana raised more than $1.5 million within the first three days of their 30-day pre-sale. The price increases every three days. Its next set of prices is $0.023.
Poodlana outlined a program ambitious for the “Crypto Fashion Month” including glitzy AMAs and elaborate marketing stunts. Exclusive meme competitions will also be held with prizes of up to $2500. The goal of this initiative is to create a community that will be able to sustain itself.
POODL has set aside 15% of its supply for rewards and marketing, which fosters trust within the community.
Analysts predict that Poodlana’s value will rise significantly if it maintains the current momentum, and capitalizes on the poodle craze. Poodlana’s value could rise to $0.05 in 2024 due to strong demand.
Success on the long term will be determined by its ability to maintain investor interest, and to adapt to changing market dynamics.
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