Bitcoin’s price has fluctuated in the last few weeks because of macroeconomic factors. It is currently trading around $57,000.
John Wu, the President of Ava Labs, also attributes the recent weakness of the market to the possibility of the U.S. Government selling more than $2.0 Billion worth of BTC that it confiscated from Silk Road in the last month.
In a recent CNBC interview, the CNBC analyst said that Bitcoin is still expected to recover and will surpass $100,000 in the medium-term.
Poodlana is a good investment in 2024 because of the expected rise in BTC. Being crypto, Poodlana tends to follow Bitcoin, which has become a leader in space.
Poodlana is still a good investment.
Morgan Stanley announced earlier this week that it would begin to offer Bitcoin ETFs for its most wealthy clients.
John Wu said that this is a big positive, perhaps even for Poodlana. The BTC exchange traded funds are now available not only to retail investors but also institutional and high net-worth investors.
POODL’s current price is $0.0458 in the presale. This indicates that the POODL could grow explosively if Bitcoin continues to rise.
Even though it costs pennies, investing in penny stocks is more appealing than Bitcoin, since BTC demands a large capital, which the average investor does not have.
Poodlana’s presale will be over and the company will list its crypto tokens on an exchange by August 16 . The website has detailed information on how to participate in the presale.
POODL is still a popular product.
Ava Labs Wu cited Coinbase’s quarterly report as evidence of his bullish outlook on Bitcoin, which could also translate into a rise in the price for Poodlana.
He added that users are spending more time on Coinbase and becoming much more involved, which could be a good thing for all cryptos, including POODL.
Poodlana raised over $5.4 million within a little more than a week, which is a sign of a strong demand for “the Hermes of crypto”. This fashionable meme coin could also allow you to profit from the growing fashion industry, which is expected to increase at an annualized compound rate of nearly 9.0% until 2029.
If you would like to learn more about Poodlana, and why it is a great investment in 2024, click here.
Poodlana is available for the next stake pool
According to President John Wu, of Ava Labs, a continuing increase in the number of real-world developers who are trying to create applications using the blockchain could be a tailwind for Poodlana.
It is also recommended to get exposure to POODL early on, as the project plans to launch a lucrative stake platform within the next few months.
Poodlana is well-positioned with its upcoming listing to continue attracting strong demand, which typically results in a price increase for crypto currencies.
POODL, as a meme coin is attractive because it’s still in its infancy compared to its competitors who have had their time in the spotlight. Visit the website to learn more about Poodlana.
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