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Pepe and Shiba Inu are looking at more corrections in the coming days, despite the massive gains they made in the recent bull run. Their large market caps are unsustainable, as more meme coins come forward, vying for attention.
Due to their large market caps, Pepe and Shiba Inu have limited potential from the perspective of a new investor. Promising new meme coins like Poodl Inu, on the other hand, can give investors high returns ranging from 10X to 100X.
🚀🚀🚀🚀🚀🚀🚀
LFG! pic.twitter.com/D9eDUcBVon
— Poodl Inu (@poodlinu) March 19, 2024
Meme Coin FOMO: Investors Are Hoarding $POODL in Bulk
Within days of going live, the Poodl Inu presale has raised $2.1 million.
Meme coins are one of the most profitable assets in the crypto market. But they also come with high risk. Poodl Inu’s competitive edge lies in the fact that it has taken measures to limit its risk. To begin with, Poodl Inu is a utility token that comes in meme coin packaging.
The project is developing a ‘Dog DEX Park’ where $POODL will serve as the primary reward and payment token. $POODL also has staking utilities. By locking up $POODL in the staking contract right from the presale stage, investors can put their investment to work.
These two aspects will ensure that there is demand for $POODL even after the initial FOMO and speculative interest declines.
A common trend in the meme coin market is consistent diversification. Investors hoard trending meme coins in their early stages, preferably before their exchange launch. Once the meme coin has climbed the charts and brought good ROI, investors sell them off to purchase newer alternatives.
That makes sense from one point of view. After all, new cryptocurrencies have larger room for growth and expansion than new alternatives. But from the project’s point of view, the trend impedes its long-term goals.
Only a few meme coins like Dogecoin and Shiba Inu have managed to retain the attention of the market for a long time. Others come and go.
Poodl Inu’s utility ecosystem is designed to ensure that it doesn’t become a statistic. The utility ingrained into the meme coin makes it a good short-term as well as long-term investment.
Bold Theme and Content
Poodl Inu is different from other meme coins in the sense that it has a utility-rich ecosystem.
But that doesn’t mean that it compromises the meme coin element of its identity. Meme coins are supposed to be eye-catching. $POODL inu doesn’t catch eyes, it snatches eyes with its uniquely funny theme and content.
“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.
Global Campaign=Glorious Gainz,” proclaims the website.
The bold narrative fuels the hype around the project. Although the crypto market has no dearth of meme coins or dog coins for that matter, Poodl Inu stands out. Its charisma is unmatched. It breaks all expectations of a poodle, in fact.
Can Poodl Outperform Pepe and Shiba Inu?
Shiba Inu and Pepe are the second and third largest meme coins. Both have their market caps in the billions. While Shiba Inu has been around for some time, Pepe was launched into the market last year. But Pepe’s relatively new entry hasn’t stopped it from cementing its relevance in the market.
Both Pepe and Shiba Inu pose fierce competition to Poodl. It has yet to be seen whether the project will manage to surpass them in the coming years.
For early investors, however, it doesn’t matter whether Poodl Inu surpasses Pepe and Shiba Inu as long as it puts forward a strong price action. They have their eyes on attractive ROI, and Poodl looks positioned to give them that, tapping into its utility and speculative strengths.
The Right Time to Buy $POODL is Now
Meme coins are known for their high risk-reward ratio. To limit the risk and increase the reward, the best strategy is to buy a meme coin while it’s still young.
Poodl Inu is currently in the presale phase, which has raised $2.1 million so far. The presale supports purchases in ETH, USDT, and cards. Staking APY in the current presale stage is 140%.
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