Cryptocurrency prices ended the week on a high as Bitcoin pared most of their losses on Monday. In a remarkable performance, the coin surged from around $49,000 to over $60,000, while Solana and Sui jumped to $153 and $0.9422.

Poodlana is the new kid in class

While investors’ focus was on top cryptocurrencies like Bitcoin, Solana and Ether, many savvy traders had their eyes on Poodlena.

Poodlana is an emerging meme coin that bills itself as the Hermes of crypto. Over the past decade, Hermes has become the cutting-edge luxury brand, helped by management’s approach to addressing engineering shortages. It’s not uncommon for the company’s Birkin bag to sell for over $100,000.

Poodlana also aims to become a better version of meme coins. It is named after Poodle, a very popular dog in Asia. In some cases, Poodles are more expensive than Shiba Inu and Floki dogs.

These features explain why the Poodlana meme coin is selling like hotcakes. Data on the website shows that Poodlana has raised over $6.3 million from investors in less than a month, making it one of the best-selling tokens on the market.

The performance was notable because it came at a time when Bitcoin and most tokens are still in a deep market. Only this week did the crypto fear and greed index briefly move into the greed zone. In most cases, token sales do not do well when cryptocurrencies are falling.

Poodlana will start trading on August 16

Buyers of Poodlana are hoping that the token will continue to do well after it began trading on August 16. If this happens, it could create new millionaires, as we’ve seen with other memecoins that came from nowhere to become multi-millionaire entities.

Dogecoin has a market cap of over $15 billion, while Dogwifhat and Brett are worth $1.79 billion and $963 million. Investors who sacrificed a few thousand dollars are now sitting on millions, as these tokens have outperformed the market.

Poodlana is different from most meme coins. The token sale ends on August 16th and the crypto will start trading 60 minutes after that. This is different from other tokens that are unavailable to traders for months after the token sale ends.

Also, the price of the token is already rising in the presale. It was trading at $0.0499 and the next phase will push it to $0.053. If you invest $100 in it now, you will receive 2,004 POODL tokens. If the price rises to $0.053, you can buy 1,886 tokens with the same amount, a big difference.

Other factors could push the Poodlana token higher when it starts trading. The Fed will be the most important, as it is expected to cut interest rates in September as the US economy slows down.

As we saw in 2021, meme coins like Shiba Inu and Floki surged when the Federal Reserve cut interest rates due to the pandemic. You can see the Poodlana Token Sale Here.