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- The US Federal Open Market Committee meeting yesterday left policy unchanged, but hinted that interest rate cuts might arrive later than the generally assumed date of September.
- Higher rates mean that risk-off assets like Bitcoin are less attractive, as people don’t have to look so far to get a good return on their dollar, and so some in crypto are feeling bearish—but for assets like Poodlana, the viral meme coin currently in presale, there’s still lots to be excited about.
The Poodlana party continues
While Poodlana is, of course, a cryptocurrency, it’s a different type of asset to something like Bitcoin, and thus responds differently to macro factors like rate cuts.
Bitcoin is primarily a store of value, and an oft-touted “inflation hedge”, meaning it typically thrives in periods of inflation, and inflation and low interest rates go hand in hand. Think back to March 2020: historically low rates at 0% led to Bitcoin’s most famous rally ever.
The inverse, naturally, tends to be true as well. Higher rates lead to Bitcoin slumping, as evidenced by yesterday’s tumble when it became apparent that cuts may not come in September. This leaves Bitcoin bulls looking elsewhere for assets that will still provide gains in a higher-rate environment.
Poodlana, though, is not an inflation hedge: it’s a meme token, and these coins play by a different rulebook entirely. Meme tokens are often found outperforming major cryptos when macro conditions take a turn for the worse, meaning they might just be the best bets if rates stay high for the rest of the year.
Why Poodlana, though? It’s already gone viral in Asia, flooding social media in countries like Korea and Japan, and now American and European investors are piling in as well, unable to deny the incredible growth that it’s already experienced. Bulls have bought $4 million worth of tokens, despite the news of rates staying high, suggesting that this will continue throughout the year.
The viral presale you need to know
If you’re looking for a Bitcoin-beating asset like Poodlana, there’s even more good news: POODL, Poodlana’s native token, is still in presale, meaning for a limited time, you can pick up a stack at a heavily discounted price.
POODL will publicly list on Raydium, Solana’s premier DEX, at 11 a.m. UTC on 16th August—just in time to ride the wave of record DEX volume that’s taken over the market recently. With a list price of $0.06 and strong liquidity provision in place, this token could fly.
But before then, gem hunters are presented with a golden opportunity. POODL is currently priced at $0.034, reduced by nearly half from the list price. Prices go up every 72 hours, though, and having already raised $4 million in just two weeks, there’s no time to waste.
Visit the Poodlana website to learn more and get involved today.
