The latest meme coin to win the crypto market is Poodl Inu ($POODL).
With an outlandish, yet captivating theme and narrative, the project sets the stage for the next meme coin mania. Here is a closer look at Poodl Inu and whether it can pose a competition to top players like $BONK.
The ‘DOPEST DOG SINCE DOGE’
“Poodl Inu is gonna be a star! His face is gonna be plastered over every crypto website, crypto influencer, and YouTube video in the entire world. Normies and non-believers are gonna be crying into their $0.25 bowl of microwave ramen for not buying during Presale,” warns the website in its introduction.
The whitepaper goes on to add:
“Close your eyes and picture this: the year is 2025. Crypto is flying. Dog coins are pumping. And a fluffy, streetwise mutt named Poodl Inu is leading the pack. We are at the cusp of a major shift of power in the meme coin space, and you’re here early enough to witness the revolution!”
With a steadfast commitment to decentralization and inclusivity, Poodl Inu has designated 50% of its token supply to early public investors in its ongoing presale phase. A major portion, comprising 30% of the total supply, will be distributed as staking rewards.
The remaining 20% is equally allocated for the development of DEX Dog Park and the marketing efforts.
Staking and Dog DEX Park Underpin Utility and Organic Demand
Meme coins are good at seizing the spotlight in the crypto market.
They are always trending, as a niche. But sadly, the fate of individual meme coins remains as transient as ocean waves. Their characteristic fleeting price actions allows strategic and adventurous investors to reap substantial returns.
But is there more to meme coins than their volatile price fluctuations?
The success of projects like Dogecoin and Shiba Inu, despite their downturns over the years, suggests that meme coins are more than a trend. As digital coins, they have historical relevance.
As a new meme coin, Poodl Inu, however, needs to take a different approach to stand apart from the crowd. And so it does.
The meme coin will play two key utility roles in the coming months.
The first is in the native staking mechanism for fostering token price stability over time. Steep price crashes after an initial surge have become a common phenomenon in the meme coin market. As the initial buzz around the exchange launch and initial listings decline, a meme coin is pushed down to the deepest ends of the market.
But staking will allow $POODL to establish firm support on the price chart. It will encourage investors to hold their $POODL without falling prey to the whims of the market. In exchange, they will be rewarded with passive income in more $POODL. This, in turn, will drive the price action of the token, and grow their wealth over time.
For investors seeking long-term growth and profitability, Poodl Inu will offer an excellent avenue. The much-awaited launch of DEX Dog Park will be another aspect that grows organic demand for the $POODL token. More details of the DEX and how it functions have yet to be announced.
Can $POODL Overthrow $BONK?
Both $POODL and $BONK share the popular dog theme, along with icons like Dogecoin and Shiba Inu.
One of the key factors that went behind the success of $BONK was its affiliation as a Solana meme coin. $POODL, on the other hand, is based on Ethereum.
While $POODL embraces the popular dog theme, it acknowledges the importance of forging its own path rather than merely following the trend. It uses utility and organic demand outside the speculative community, as discussed above, to support its price action over the coming months.
The Ethereum foundation will also allow the project to take advantage of more utility integrations as the roadmap expands and evolves.$BONK has been losing its foothold over the last few weeks. To give a better context, the Solana Dogecoin has lost 69% since hitting an all-time high in December 2023. The fleeting surge of meme coins like Myro and Dogwifhat hints that the market is looking for a more solid alternative for the third position on the chart.
BONK price action, CoinMarketCap
Poodl Inu’s quirk essence and unabashed charisma make it a top candidate. It is the next big meme coin in the making, with the potential to dethrone BONK and come close to SHIB and DOGE.
Timing is Everything!
The crypto market is quick-paced. Here, timing is everything. The performance of a meme coin, in particular, is sensitive to time.
They surge and ignite a bull run within hours that most investors miss the low entry points. The key to success in the meme coin market lies in finding them early.
The ongoing presale of $POODL presents an unmatched opportunity for early investors to grab the token for discounted prices. Staking incentives also accompany the presale, as an attractive proposition for those looking to get in early. Presale investors can put their tokens to work without any delay and claim them along with the accumulated rewards during the token launch.
To purchase $POODL tokens in the presale, head to the official website. The presale heavily favors early participation, with discounts and rewards that are too good to miss out.
BUY $POODL FOR THE PRESALE PRICE
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
