Meme coins are likely to explode in coming months amid the US election and a broader resurgence for crypto. While several coins have recently shed gains and could be poised for a major rebound, traders are likely to watch MAGA (TRUMP), Dogwifhat (WIF) and Poodlana (POODL).
More on each meme coin below.
MAGA (TRUMP) – PolitiFi market
MAGA (TRUMP) rallied more than 60% late Saturday after former U.S. President Donald Trump survived an assassination attempt while at a campaign rally.
The shooting incident also saw other top politics related tokens – popular as PolitiFi tokens – surge. Among these were Super Trump (STRUMP) and Doland Tremp (TREMP), which spiked as the market reacted to the news.
President Trump has emerged as a pro-crypto candidate in this election, contrasting with the more negative sentiment associated with President Joe Biden. Trump’s support for crypto, combined with the assassination attempt, have most crypto holders keen on his win in November’s election.
MAGA leads in the Trump-related meme coins space and could be one to watch as the political scene shapes up ahead of the election.
Dogwifhat (WIF) – Top Solana meme coin
Dogwifhat (WIF) and Bonk (BONK) have recently swapped top Solana meme coins spots with each sitting at the helm at one time this month.
Bonk remains one of the Solana meme coins with a huge potential to spike again. However, WIF has dipped more than 26% in the past month and is hovering at four-month lows to see analysts pointing at a likely sharp bounce.
WIF daily volume has increased 53% amid new buying pressure while data from Coinglass shows open interest has jumped 5% in the past 24 hours.
The surge in meme coins on Solana will help WIF build momentum to target prices beyond its all-time high.
Poodlana: Hottest new meme coin on Solana
While MAGA and Dogwifhat have traction in the meme market, Poodlana is the new Solana meme coin seeking to flip all.
At its core, Poodlana is a dog-themed meme coin. However, what sets it apart is its inspiration and potential market attraction. In Asia, the poodle ranks as the top dog breed in the fashion world. China, Japan and Korea are also top crypto markets, with Asian trading often seeing the highest volume.
Poodlana is that meme coin that blends high-end fashion, the stylish poodle and crypto.
Describing itself as the haute couture of crypto, Poodlana is launching the presale for its POODL token this week on July 17.
Poodlana will be a 30-day presale
The presale will be open for 30 days only, exclusively offering crypto enthusiasts the opportunity to join in the glamor of the “Hermès of crypto.” Poodlana’s token sale ends after 10 stages, with POODL price increasing every three days.
After that, the project claims it will only take 60 minutes before the hottest Solana meme coin hits its first decentralized exchange (DEX).
It’s this immediate listing on its first DEX that has Poodlana already stand out. The token’s big pull in Asia, with the poodle taking over the runway, is another bullish catalyst for Poodlana.
The 500 million, or 50% of total supply available in presale, starts selling at a lowly $0.02. In 30 days, the price will be at $0.0539 before potentially exploding on DEX debut.
More details about Poodlana are available in its whitepaper and the official website.
