hold or not - Bitcoin dips below $60k again. Is this a buying opportunity for gems like $POODL?

Key takeaways

Bitcoin is down 6% in the last 24 hours and trades below the $60k level again. POODL is now live on MEXC, Raydium, and Bingx crypto exchanges.

BTC slips below $60k again The cryptocurrency market is underperforming so far this week, with the prices of most coins and tokens down 6% or more in the last 24 hours. Bitcoin has lost over 6% of its value and trades below $60k. At press time, the price of Bitcoin stands at $58,666 and could dip further if the bearish momentum continues. However, the retrace could also be a buying opportunity, allowing investors to load up on Bitcoin and other gems. What is Poodlana? As the broader market underperforms, one of the projects investors could be looking to load up is $POODL, the native coin of the Poodlana ecosystem. The project is gathering steam amongst institutional and retail investors thanks to its unique approach to the market. Poodlana is a Solana-based meme coin that aims to introduce the glamor of high fashion to the crypto world. It promotes the ethos of community while providing utility to users. The team will leverage Poodlana’s popularity in Japan, Korea, and China to build a strong community for this project. Poodlana’s token is now live on MEXC and BingX The Poodlana presale was successful, raising $8 million from the public. As soon as the presale was concluded, the team went ahead to list the token on centralised exchanges. $POODL has already gone live on the MEXC crypto exchange. The token was also recently listed on the BingX and Raydium exchanges. Currently, only the POODL/USDT pair is live on these exchanges, but they could list more pairs, such as POODL/BTC and POODL/ETH, in the coming weeks or months. Should you buy POODL in this dip? The best times to purchase a token are during presale or a market dip. With the presale now over, the only option to explore is to purchase Poodlana tokens via cryptocurrency exchanges. Thanks to Bitcoin’s dip, most altcoins are currently underperforming. Hence, it could be an excellent time to purchase $POODL tokens on MEXC, BingX, and Raydium cryptocurrency exchanges. Meme coins have become a crucial part of the cryptocurrency ecosystem, with several having a market cap of $1 billion or more. $POODL is still in its early days but could challenge other leading memecoins like Shiba Inu, Pepe, and Dogecoin in the future.

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Robinhood Wallet now supports Solana tokens, with the self-custody wallet available on iOS and Android. Solana price rose slightly after the news.

The Robinhood Wallet, a self-custody wallet app available on iOS and Android, has added support for Solana (SOL). Robinhood announced the big news on August 27, providing a positive flip in Solana sentiment as prices hovered near $155. SOL price rose slightly on the news before retreating as the broader market struggled. With support for SOL and Solana-based tokens, the wallet has added a new gateway to web3 for cryptocurrency’s fifth-largest asset by market cap. It’s also a huge boost for an ecosystem that has over $9.8 billion in total value locked and more than 1.99 million active addresses (24-hour count). Robinhood Crypto general manager Johann Kerbrat commented on the wallet’s support for SOL and SLP tokens: “Super excited to announce that the Solana network is now live on Robinhood Wallet! Starting today, you can self-custody Solana tokens and send + receive over the Solana blockchain.”

Popular Solana wallets Robinhood’s self-custody wallet that allows users to hold their private keys and have full control over their assets, also supports many of the top cryptocurrencies. These include Bitcoin, Ethereum, Dogecoin, Arbitrum, and Polygon. The wallet also supports Optimism and Base tokens. Several wallets – both browser-based and mobile app-based, support SOL and its ecosystem tokens. Key integrations or features for these wallets include dApp connectivity, native staking and native swaps. Popular wallets are Phantom, Solflare and Torus, while hardware wallets such as Ledger and SafePal also support SOL.

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