Anthony Pompliano of Professional Capital Management predicts that Ethereum’s price will increase now that Ether-ETFs are officially trading in the United States.
Pompliano, however, believes that Ethereum’s potential price increase may not be as significant as the rise seen in Bitcoin since the introduction of BTC ETFs.
In an interview with CNBC this week he said that the news of the Ether ETFs is positive for the crypto market (which includes Poodlana now).
Ether ETFs are important for Poodlana
Pompliano predicts that Ether ETFs will not grow as much as Bitcoin ETFs. On “Squawk box”, Pompliano said that:
This tells me that altcoins are going to be available on Wall Street. These things are coming to Wall Street. It might take some time, and there will need to be regulatory clarity.
It would be an important development if this were true. A widespread acceptance of cryptocurrency will not only reflect in bigger and more prominent names but also perhaps in smaller, up-and coming projects such as Poodlana.
Cryptocurrency is gaining in popularity as a result of political developments
The Ether ETFs may not be the only factor that drives the POODL native coin.
The crypto industry is also benefiting from the continued inflows of Bitcoin ETFs. Anthony Pompliano says that the BlackRock Bitcoin ETF has “had more net inflows year-to date” than QQQ.
Political developments have also been favorable to the crypto sector. Bitcoin fell after Donald Trump was assassinated, but rose again once it became known that he is safe. This shows crypto enthusiasts view a Trump presidential term positively.
Since Donald Trump’s debate with Joe Biden, which ended in the POTUS’s resignation from the race for the presidency after the last presidential election due to the result of the discussion, the odds that he will return as President are increasing.
The Democrats have united behind Kamala as their presidential candidate in 2024. Trump said that Joe Biden would be more difficult to defeat in the 2018 elections.
These crypto-specific political and economic developments may help to boost the cryptocurrency market, which could attract investors into meme coin projects such as Poodlana.
POODL presale tokens are attracting a solid demand
POODL raised over $2.0 million within a single week, which indicates a strong demand and a potential good investment. Poodlana is even more appealing as the token’s price at this writing was only $0.0265. This means that you could build up a large position in the Poodlana coin if you only have $10.
Pre-sale of the trendy meme coin began on 17 July and it will last for one month. POODL is expected to list within an hour on a decentralized market, making it more accessible to potential investors.
Poodlana is well-positioned for a price increase in the months to come, as a result of rate reductions that will begin around September.
Poodlana’s website has more information.
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