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Shiba Inu has expanded to a $15B market cap in the recent bull run. As is the norm in the market, the meme coin is predicted to shed its weight over the next few weeks.
To avoid making big losses, investors are pivoting to Poodl Inu ($POODL), the latest meme coin sensation. Here is an analysis of the project and whether it lives up to the expectations.
ON TOP OF THE WORLD!!!
Make sure to follow for all project updates! pic.twitter.com/docCs5DqIs
— Poodl Inu (@poodlinu) March 17, 2024
A Bold and Witty Narrative Defines Poodl Inu
Poodl Inu’s irresistible appeal and growing popularity lie in its bold and witty narrative:
“We’re in a bull run the likes of which we haven’t seen in years. If you’re sitting back waiting for money to fall into your lap, well guess what, IT JUST DID! You’re here early, just grab a BAG of the DOPEST DOG SINCE DOGE, and then watch it grow by staking. It’s so easy, even a degenerate like you can do it. So what are you waiting for!?!” says the website.
The abundance of dog coins flooding the market doesn’t steal the spotlight away from Poodl Inu, which distinguishes itself through its audacious characterization. The project captivates attention with its charm. The fact that four out of the top five meme coins are dog-themed also comes in favour of the project.
Poodl Inu isn’t just riding the wave of meme coins. Setting a pioneering example in the meme coin market, Poodl Inu is predicted to spearhead the bull rally of 2024 and experience explosive growth this year. Let’s see how.
Genuine Token Demand + Speculative Excitement
Poodl Inu focuses on establishing a solid foundation in the market based on utility, along with generating speculative interest. Thinking beyond the community of speculators and traders, Poodl Inu marks a departure from the typical trajectory of most meme coins.
The resilience of the project is derived from its utility ecosystem and fair tokenomics.
The DEX Dog Park is the core pillar of the Poodl Inu ecosystem. $POODL fully embraces the viral nature of meme coins. But its aspirations reach far beyond mere fleeting trends.
To underpin its long-term goals, a utility ecosystem is introduced. It will continue to influence the price dynamics of POODL, even as the initial hype surrounding Poodl Inu’s meme coin label and subsequent pumps slow down.
Speculative traders moving on to newer options won’t affect the price action due to the utilities ingrained into the project. In the case of most meme coins, a sudden surge often transforms into a rapid decline shortly after. Poodl Inu brilliantly circumvents this cycle to a great extent with a robust utility framework that will uphold its long-term relevance.
Staking deepens this objective by contributing to the token’s strength in both the short and long terms. The combined effect of staking incentives and practical utility applications is behind the growing traffic to the Poodl Inu presale. The meme coin has the potential to navigate the intense volatility of the domain and potentially seize a top 5 position over the next few bull runs.
Can Poodl Inu Outperform Shiba Inu?
From a conservative point of view, it is unlikely that Poodl Inu will outperform Shiba Inu in terms of market cap in 2024.
But when it comes to ROI, Poodl Inu has a significant advantage over Shiba Inu due to its much lower market cap. The emerging FOMO around the new meme coin hints at a price explosion on the debut exchange launch.
Data from CoinMarketCap shows that Shiba Inu has surged by an astounding 32951520.75% since Sep 01, 2020. But clearly, it can’t replicate that at this point, with its market cap above $15B.
New Shiba Inu investors are eyeing more modest returns now. The relationship between market cap and growth potential underscores the importance of timing in investment decisions.
Emerging meme coins like Poodl Inu are the best bet for meme coin investors eyeing big gains from the market.
Poodl Inu’s departure from the traditional portrayal of poodles and meme coins is an eye-catcher. The authenticity of the project allows it to earn its position among popular meme coins like Dogecoin, Shiba Inu, and BONK.
Shiba Inu will continue to hold onto its position as the world’s second-largest meme coin this year. But its growth potential is shunted. The new wave of meme coin investors is moving to low-cap projects like Poodl Inu.
How to Buy Poodl Inu at the Best Price?
For investors, the best gateway into Poodl Inu is the ongoing presale, which just broke past the $1.9M milestone within a few days of going live.
The growing traffic to the $POODL presale is a testament to the shift. An early sell-out is on the horizon. $POODL staking has already begun. Early investors are eligible for high passive staking rewards in the current stage.
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