- SUI price rose 28% in the last 24 hours, becoming one of the market leaders.
- Poodlana has raised $5.8 million in its presale with fewer than seven days remaining.
Sui (SUI) surged 28% over the past 24 hours, ranking among the top-performing altcoins as the broader cryptocurrency market rallies alongside Bitcoin approaching $60,000.
Another project grabbing attention is Poodlana (POODL), a new dog-themed meme coin on Solana, which has raised more than $5.8 million during a three-week presale.
Poodlana presale countdown: fewer than seven days left
Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) are among the major coins to watch as cryptocurrencies try to sustain upward momentum. Sui is also gaining notable traction, with investors and analysts highlighting its strong performance relative to peers.
One newcomer making waves is Poodlana (POODL), a Solana-based meme token inspired by poodles. Traders watching for potential meme-coin runs have taken positions in this project.
Over 22 days, Poodlana raised more than $5.8 million, drawing interest from crypto enthusiasts and followers of high-end fashion culture. The token has trended strongly in Asia, where crypto, meme coins and poodle-inspired branding have combined to drive momentum.
Currently in its eighth presale stage, Poodlana has just seven days remaining before the presale ends. The token is scheduled to list on Raydium shortly after the presale. The project is also in discussions with several top-tier exchanges and has been rewarding its community for sharing its wishlist on X.
One of the major crypto exchanges may be preparing to list POODL soon.
Darlings, gather round and hold onto your designer hats – Poodlana is about to make yet another stunning debut!
We have just signed a deal to list on one of the top exchanges in the world. We will do this shortly after our promised Raydium launch.
We are not allowed to say who…
— Poodlana (@Poodlana) July 30, 2024
A date to watch is August 16, 2024, when presale activity is expected to conclude.
Sui price outlook: Raoul Pal shares bullish view
While XRP has seen gains following recent Ripple-related news, SUI stands out as the best-performing altcoin among the top 50 cryptocurrencies by market capitalization. SUI, currently ranked 37th with a market cap of about $2.1 billion, climbed roughly 29% in 24 hours — outperforming Ethereum, Solana and XRP.
SUI is trading around $0.83, its highest level since July 22. Raoul Pal, founder and CEO of Real Vision, predicts the native token of this Layer-1 blockchain could be among the most watched coins in this cycle.
Pal, an advocate of fast Layer-1 networks, described Sui as an “ultra-fast L1, highly efficient, full blockchain ecosystem that emerged from the Meta Diem project.”
“From a price perspective $SUI is starting to look very interesting. While it is still early and not confirmed, it shows signs of breaking out against most tokens,” noted the Real Vision CEO in a post on X.
Beyond USD pairs, SUI is showing potential breakout patterns against Aptos, Celestia, NEAR Protocol and Avalanche. Pal also points out similar bullish trajectories in SUI/BTC and SUI/SOL pairs.
Looking at the SUI/USD daily chart, price has moved above a descending channel resistance line and the relative strength index (RSI) sits above 50, indicating bullish momentum.
A bullish MACD crossover for the moving average convergence divergence (MACD) indicator also suggests buyers may continue pushing prices higher despite the large gains seen over the past two days.
Poodlana price forecast: will POODL explode?
While Layer-1 tokens like Sui could test recent highs, the meme-coin sector remains one of the most volatile segments of the market. Projects such as dogwifhat, BONK and others have delivered outsized gains after listing, keeping investor enthusiasm high.
Some analysts believe Poodlana has the potential to outperform established meme coins. Crypto GEMs, among other commentators, has shared bullish projections for POODL.
🚀 @poodlana could go insane!
Final price before listing is $0.539. If it follows the big SOL memes like $BONK, we could see a potential pump of 7650.50% by December. 🤯 #Crypto #Altcoins #SOL pic.twitter.com/zgYLDdESQa
— Crypto GEMs 📈🚀 (@cryptogems555) August 1, 2024
POODL is currently priced around $0.0458 and is expected to reach $0.0539 in the final presale phase before listing on Raydium at approximately $0.06.
Hype around Poodlana, combined with the potential for meme coins to surge as broader crypto markets climb, suggests POODL could see a significant price move once trading begins after the presale closes on August 16.
More information about Poodlana is available from the project’s official channels and presale pages.