Cryptocurrencies to watch in August: Poodlana, Bitcoin, BOOK OF MEME (BOME)

• Poodlana’s presale surges to $3.5M, with price set to rise further.
• Bitcoin hits $69,000, boosted by Trump’s pro-crypto remarks.
• BOOK OF MEME rises 20%, with strong technical patterns and market interest.

As August approaches, the cryptocurrency market continues to evolve with exciting developments and noteworthy trends. Three cryptocurrencies stand out for their potential to capture significant attention and drive market momentum: Poodlana (POODL), Bitcoin (BTC), and BOOK OF MEME (BOME).

Each of these assets is making waves in its own way, whether through innovative presales, significant price rallies, or emerging market trends.

Here’s why Poodlana, Bitcoin, and BOOK OF MEME (BOME) are the ones to watch as we move deeper into August.

1. Poodlana: a new Solana meme coin making waves in presale

Poodlana (POODL) is quickly gaining traction in the crypto space, particularly within the meme coin sector. Launched on July 17, 2024, Poodlana’s presale has already hit an impressive $3.5 million in under two weeks.

This surge in interest highlights the growing excitement around this new entrant in the market.

The inspiration behind Poodlana is equally compelling. The cryptocurrency draws from the allure of the poodle, one of Asia’s top dog breeds, blending fashion-forward appeal with the meme coin trend.

This combination is resonating with both investors and enthusiasts, contributing to its rapid rise.

With just 17 days left in the presale, the token is set to list on its first decentralized exchange (DEX) on August 16.

The presale price is designed to rise after every 72 hours. The price at press time was $0.0335 and was expected to rise to $0.0375 in the next presale stage.

It is projected to list on crypto exchanges $0.06, offering early buyers a chance to capitalize on a potentially lucrative opportunity.

Poodlana’s tokenomics are also noteworthy. With a total supply of 1 billion tokens, 50% is available during the presale, and 100% will be unlocked after the ICO sale.

The token’s immediate listing on a DEX post-presale is designed to eliminate uncertainties and could drive significant price movement as the project transitions from presale to public trading.

2. Bitcoin: seeing increased activity after the Bitcoin 2024 Conference

Bitcoin (BTC) remains a cornerstone of the cryptocurrency market, and its recent performance underscores its continued relevance and influence.

In the past 24 hours, Bitcoin price has surged by over 3%, breaking past the $69,000 level. This price increase reflects a broader bullish trend in the market, which is further fueled by recent events.

Former President Donald Trump’s pro-crypto speech at the Bitcoin Conference has been a significant driver of Bitcoin’s recent gains.

Trump pledged to prevent federal Bitcoin sales if re-elected and to make the US a global leader in cryptocurrency. His remarks have resonated with the crypto community, contributing to Bitcoin’s recovery and pushing it closer to the $70,000 mark after trading as low as $63,000 in the past week.

The rally has also positively impacted other Bitcoin-related tokens. For instance, Bitcoin Cash (BCH) and Bitcoin SV (BSV) saw substantial gains of over 14% on Monday. BSV, in particular, has experienced a dramatic 16% jump over the last day, indicating a strong recovery despite being down about 45% year-to-date.

With Bitcoin’s influence permeating the market and its price nearing $70,000, it remains a key asset to watch in August.

3. BOOK OF MEME (BOME): another Solana-based meme coin that’s rising

BOOK OF MEME (BOME) is rapidly emerging as a standout within the Solana ecosystem. Recent developments highlight a significant bullish trend for this meme coin. BOME surged 20% to $0.0105, driven by a combination of technical patterns and broader market movements.

The token’s impressive rally is reinforced by a golden cross pattern, where the 50-day Exponential Moving Average (EMA) crosses above the 200-day EMA, signaling strong bullish momentum.

Additionally, BOME has shown resilience by rebounding from early July’s drop. After retesting the $0.0065 support level, the token managed to break through key resistance at $0.0095, climbing to $0.01065.

The Relative Strength Index (RSI) also broke bearish divergence, further supporting the positive outlook.

Despite this, traders should remain cautious, as the RSI’s entry into the overbought region and potential volatility from the upcoming Federal Open Market Committee (FOMC) meeting could influence price movements.

The growing interest in BOME is also evident from a 74% increase in futures open interest. This indicates heightened market interest but also suggests potential for increased volatility and subsequent corrections.

The presence of an inverse head and shoulders pattern on the daily chart suggests a possible 41% surge to $0.013, making BOME a key cryptocurrency to monitor closely in August.

Conclusion

While Poodlana (POODL), BOOK OF MEME (BOME), and Bitcoin each present compelling bullish indicators for August, Poodlana stands out as the most promising choice.

With its presale currently underway, Poodlana offers a clear price increment path leading up to its August 16 DEX listing, providing a more predictable investment opportunity.

In contrast, Bitcoin and BOOK OF MEME face market volatility that could lead to significant price swings. For those seeking a more structured and potentially lucrative investment, Poodlana’s presale phase offers a unique and advantageous position.

Nevertheless, it is always important to do your due diligence before making any crypto investment due to the volatile nature of the crypto market.