The total number of crypto millionaires worldwide has close to doubled over the past twelve months, as per a recent report from New World Wealth.
85,400 of those relied solely on Bitcoin to hit millionaire status – also up more than 100% versus last year.
The aforementioned stats make a solid case to consider investing in cryptocurrencies, particularly ones that are turning heads in their early stages with ample room to grow like Poodlana. But before you dive head-first into the POODL meme coin, let’s explore why it may be a smart pick for 2024.
Is Poodlana a good alternative to Bitcoin?
Bitcoin currently sits comfortably above $60,000 which makes it ill-suited for an average retail trader. Sure, you can own a fraction of the world’s largest cryptocurrency but there’s hardly a chance that such a miniature position in BTC will make you a mind-blowing profit.
A good alternative, therefore, would be Poodlana. Why are we picking it over other altcoins? For two reasons:
- Raising $8 million in presale, POODL has established well beyond doubt that it has sufficient demand to command a higher price tag in the months ahead.
- It’s currently going for pennies only so you won’t need an institution-like capital to secure a sizable position in Poodlana.
Ways to invest in the native POODL meme coin are elaborated on its website.
POODL has massive room to rally
The lower price tag coupled with Poodlana at writing is attractive not only because it makes the meme coin more accessible for retail investors but also because it indicates massive potential for future growth.
Remember that meme coins, the successful ones at least, have a habit of explosive growth in their early innings. Considering that you can buy POODL currently for pennies, it is conceivable that it’s yet to have its moment in the sun.
Now may be the right time to invest in Poodlana also because it has recently listed on not one but three crypto exchanges (MEXC, Raydium, and BingX), which further supports the claim that POODL has ample room for growth ahead.
Macro catalysts that may help Poodlana
Poodlana may be a good alternative to investing in Bitcoin because it’s a Solana-based meme coin. That’s a class of altcoins that have done particularly well in 2024.
Couple that with a lower interest rate environment in the coming months and you have a very clear vision of why POODL may be worth buying in writing.
Additionally, both Kamala Harris and Donald Trump are expected to favor cryptocurrencies as presidents. So, the US elections in November may serve as another catalyst for the likes of POODL.
As evident, if you are looking for a crypto investment that may end up making you a serious profit in the coming months, Poodlana may just be your ticket to it.
The post Could Poodlana be your ticket to crypto millionaire status? appeared first on Invezz
https://invezz.com/news/2024/08/29/could-poodlana-be-your-ticket-to-crypto-millionaire-status/
