• Poodlana is slightly over a week away from its first exchange listing. 
• The bulls keen on buying the dip in major cryptos have an equally large appetite for meme coins.
• XRP has been up by 18.53% over the past 24 hours following the favorable ruling on Wednesday.

After cryptos’ Black Monday, bulls have been keen on buying the dip, something that has yielded the observed rebound. It is these same bulls that are looking to lock in gains in the latest viral project, Poodlana. 

Notably, the easing fear, coupled with the ruling by a federal judge on Wednesday, has also seen XRP rise by 18.53% over the past 24 hours. 

Ripple’s favorable ruling

On Wednesday, federal judge Analisa Torres ordered Ripple Labs Inc. to pay a fine of $125 million for violating securities law. This is significantly below the $900 million in civil penalties and $1 billion disgorgement & prejudgment interest sought by SEC. 

The unsuccessful attempt by the commission to appeal the ruling, and the subsequent publishing of the judgment, saw XRP trade in the green for the third day in a row. The bulls are striving to sustain it above $0.60000 after dropping below it a week ago. 

https://x.com/attorneyjeremy1/status/1821281782324719876

The verdict is important for Ripple and other altcoins like Solana and Polkadot. For one, it means that there are higher chances that the SEC will start receiving and ultimately approve more Exchange Traded Funds (ETFs).

Poodlana token listing approaches

Meanwhile, enthusiasts of meme coins are eagerly awaiting the end of Poodlana’s presale and its subsequent listing on Raydium. The outstanding hype surrounding the project positions it to be the biggest Solana listing of 2024, possibly even outperforming Dogecoin. 

Just 10 days after the meme coin launch that went viral across Asia and beyond, it raised over $3 million in its presale. With 8 more days to go, this figure has risen to $5.6 million as of the time of writing. 

This one-of-a-kind traction is founded on several aspects. To begin with, the poodle-inspired project is a combination of two sectors with a major global appeal; cryptocurrency and fashion. Hence the presentation of the meme coin as the “Hermes of Crypto”.

Hype and facts alike,  meme coin investors and the overall crypto community have one question driving their decision; if Poodlana can achieve this in less than 30 days, how much more will it be worth upon hitting the market. 

Interestingly, some tokens have been subject to a lock-up period of several months or even a year. This is quite different from Poodlana whose first exchange listing will be on 16th August at 12:00 PM UTC – just 60 minutes after the end of its presale. 

As such, it’s a brainer – this is the apt time to purchase POODL tokens at a major discount. Its current price as indicated on its website is $0.0458. In about two days, the next stage price will be at $0.0499 and will continue rising every 72 hours to a listing price of $0.060. This means that those who buy at the current price will already have significant gains locked in when it hits the markets.  You can buy the POODL token here.

Cryptocurrency prices have staged a strong comeback this week as concerns about the Japanese yen comeback faded. After tumbling sharply on Monday, most of them have bounced back by double digits. Bitcoin has jumped from $49,000 to $62,000 while the combined market cap of all coins rose to over $2.1 trillion. 

These coins rebounded as DTX Exchange, an upcoming hybrid platform, continued its token sale, raising over $1.2 million. 

Bitcoin and altcoins have recovered

Bitcoin and most altcoins rallied on Friday as sentiment improved and as the fear and greed index rose from the fear zone to neutral. Sui, the Binance-backed token, was one of the top gainers as it jumped by over 27% in the last 24 hours. 

Helium, the Solana DEX, jumped by 20% while Celestia TIA rose by over 18%. Other top-performing tokens were meme coins like Brett, Pepe, and Jasmy. Ethena, Injective, and Stacks were among the other top gainers.

This rebound happened as investors bought the dip in these cryptocurrencies, which they believe became highly undervalued. Also, it happened as other assets like stocks bounced back. Indeed, some indices like the Dow Jones, S&P 500, and Nasdaq 100 pared most of the Monday losses. 

Technically, these assets crawled back as investors identified a highly bullish hammer pattern on Bitcoin’s daily chart. It also formed a bullish falling wedge chart pattern, which often results in a bullish breakout. 

Additionally, these tokens rose because of the rising hopes that the Federal Reserve will cut interest rates as soon as in July.

DTX Exchange token sale is thriving

Meanwhile, investors are now focusing on a brand-new hybrid exchange that promises better features than the existing platforms like Uniswap, dYdX, and Raydium.

DTX has already raised over $1.2 million, and the tokens are selling fast as investors take advantage of the low price of USDT 0.04. In the next stage, the token’s price will rise to 0.06 USDT. This means that a person who spends $10,000 today would receive 250,000 tokens. The same amount will buy 166,666 tokens when it rises to $0.06. 

The estimated launch price will be $0.12, meaning that the trader who buys the token now, will have assets worth $30,000 on launch day. 

DTX aims to be a better exchange than most crypto platforms for several reasons. First, in addition to crypto, users will be able to trade other assets like forex, stocks, and commodities. As such, one will not need to have several exchanges or brokerages. 

DTX will also solve the liquidity challenge that most exchanges face by using distributed liquidity pools, which aggregate liquidity from different sources, creating a better platform with lower fees. 

Most importantly, DTX users will be assured of their safety by focusing on a non-custodial model. This means that users will maintain their keys and wallets when trading. You can buy the DTX token here.