Key takeaways

Crypto exchange Binance has completed its registration with India’s Financial Intelligence Unit. Poodlana’s presale has surpassed $7.7 million as presale approaches its end. 

Binance now registered with India’s FIU Binance, the leading cryptocurrency exchange by daily trading volume, has completed registration with India’s Financial Intelligence Unit (FIU-IND). This latest development comes months after it was fined $2.2 million for providing services in the country without authorisation. Thanks to this registration, Binance is now registered in 19 countries globally. With this registration, Binance’s website and app are fully available to users in India.  What is Poodlana? The crypto market continues to be choppy as Bitcoin is trading below $60k. Despite the choppy market conditions, investors continue to push funds into new and promising projects.  Poodlana is one of the projects that is attracting investors. It is a Solana-based meme coin focused on introducing the glamor of high fashion to the crypto world. According to the development, Poodlana could become the leading dog-themed meme coin on the planet as it focuses on promoting the ethos of community-driven growth to reach its goal.  Poodlana is a popular dog breed breed in Japan, Korea, and China. The development team will leverage this popularity and the love of meme coins to build a strong community for this project. Poodlana’s presale surpasses $7.7m The Poodlana presale will end in less than 20 hours, with listing on exchanges expected to happen right after the presale. The project has raised more than $7.7 million so far as more investors troop into the project.  In this last stage, the POODL token goes for $0.0539. Investors can purchase this token using SOL, BNB, ETH, USDT, USDC, and Fiat/card payment options. Per the team, Poodlana will not have a lock-up period for their tokens. The POODL presale will end in a few hours and the listing on exchanges will take place immediately after.  Read more about the Poodlana presale here.  Poodlana allocates 50% of the total supply to presale Poodlana has adopted a simple tokenomics model as it seeks total transparency in its operations. According to tokenomics, Poodlana will have 1  billion POODL tokens, with 50% going presale.  The remaining 50% will be divided among marketing (15%), rewards (5%), partnerships (5%), treasury (10%), and liquidity (15%).  The Poodlana team assured investors that 100% of tokens will be unlocked on day one, with no lock-ups or vesting periods. Once the presale concludes, the unsold tokens would be burned after the presale, ensuring the deflation of the token.  Should you buy Poodlana tokens now? The Poodlana presale is ending in a few hours and this is the last opportunity for investors to purchase the tokens. Meme coins have become a crucial part of the cryptocurrency ecosystem, with several of them having a market cap of $1 billion and above.  Poodlana could become one of the leading dog-themed meme coins in the crypto ecosystem. The team is leveraging the popularity of the Poodlana dog breed and is building a community that could see it reach the status of Dogecoin and Shiba Inu.

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Analysts projects ADA could hit $5, supported by strong development and technical patterns. Poodlana’s presale has raised over $7.6M with only hours to the presale end. The token is expected to list on Raydium and MEXC immediately after the presale comes to an end.

Cardano (ADA) has faced considerable scepticism in recent weeks, with its price dropping significantly. However, some analysts see a bullish future ahead. Meanwhile, the new cryptocurrency project Poodlana (POODL), branding itself as “The Hermès of Crypto,” is generating excitement as investors eagerly await the end of its presale and upcoming token listings. Analysts believe Cardano (ADA) will hit $5 despite current bear pressure ADA has recently been labelled by some in the crypto community as a “dead coin,” primarily because it has lost over 90% value since hitting an all-time high in 2021. However, despite the bearish sentiment, Cardano remains one of the top 10 cryptocurrencies by market cap, demonstrating its resilience and underlying value. Analyst Nick Black from the “Discover Crypto” YouTube channel has presented a more optimistic outlook for ADA, projecting that the coin could reach $5. His analysis is based on several factors, including Cardano’s strong developmental activities and promising technical patterns. Cardano ranked third among all crypto projects in developmental activity last month, which suggests that its ecosystem is far from stagnant. This vibrant development challenges the notion that Cardano is a “dead coin,” and instead paints a picture of a project still very much alive and evolving. From a technical analysis perspective, a key pattern known as the “Break a Block” has been identified on ADA’s monthly chart, accompanied by a bullish stochastic crossover. These indicators often precede significant price movements, and the fact that they are emerging now could signal a substantial upward trajectory for Cardano. Additionally, Cardano’s Market Value to Realized Value (MVRV) Long/Short Difference has fallen to -9.726%. This negative value indicates that most ADA holders are currently at a loss, a condition typically associated with market bottoms. Coupled with a 31.01% surge in Open Interest, reflecting increased speculative interest, and an RSI of 40.27, which places ADA in oversold territory, the conditions appear ripe for a potential rebound. However, there are mixed signals to consider. The number of whale transactions has decreased significantly, from nearly 9,000 on August 5 to just 3,590. This reduction could imply that larger investors are hesitant, reflecting uncertainty in the market. Despite these concerns, if ADA can hold above key support levels, it may very well break through resistance and move closer to the $5 mark. Poodlana: “The Hermès of Crypto” nears its exchange listing While Cardano navigates its complex market dynamics, a new player, Poodlana (POODL), is poised to make its grand entrance. Poodlana has captured the attention of investors with its unique branding as “The Hermès of Crypto,” promising a glamorous and community-driven experience. The project’s presale is nearing its conclusion, with significant milestones just around the corner. Poodlana has already raised $7,648,103.5, reflecting strong investor confidence and anticipation. The presale is scheduled to end within hours, with the token set to be listed on the Raydium DEX at 12:00 PM UTC on August 16, just 60 minutes after the presale ends. Following this, POODL will be listed on the MEXC centralized exchange on August 19 and on a second CEX on August 23. The final presale price is set at $0.0539, with the listing price at $0.060, offering early investors a potentially lucrative opportunity. Poodlana’s approach to marketing and community building is as distinctive as its brand. The project emphasizes creating a chic community of trendsetters and tastemakers, supported by glamorous marketing campaigns, collaborations with high-end fashion brands, and appearances on lifestyle platforms. This strategy has already led to significant attention in Asia, where Poodlana is being hailed as the next big meme coin sensation. Looking ahead, Poodlana plans to launch a staking platform where holders can earn rewards, roll out exclusive airdrops, and expand globally, particularly focusing on Asia. The project also aims to engage in philanthropic efforts, aligning itself with a more compassionate vision for the future. As Poodlana investors count down the hours to the token’s debut on exchanges, the excitement is palpable. With its strong pre-sale performance, innovative marketing, and ambitious roadmap, Poodlana is well-positioned to make a significant impact in the crypto world. Conclusion Both Cardano and Poodlana represent intriguing opportunities within the cryptocurrency space. While Cardano navigates its challenges with a potential for significant price recovery, Poodlana prepares for a grand debut that could set the stage for future success. Whether ADA will reach $5 or POODL will fulfil its glamorous promise remains to be seen, but both projects are certainly worth watching closely.

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