Could Pudlana be the next big meme coin?

Cryptocurrency prices have lagged behind significantly over the past few weeks.

Bitcoin fell below $60,000 and formed a double-top pattern.

Pudlana aims to be the next big thing in the crypto industry.

The crypto industry has experienced headwinds in the past few weeks. Bitcoin has moved into a bear market but most tokens are down double digits from their highs this year. Despite this price action, there are signs that Poodlena, an upcoming Solana meme coin will be the next big thing in the crypto industry.

Why are cryptocurrencies falling?

There are a few reasons why Bitcoin and other altcoins have declined recently. First, we haven't had any major news in the industry since April when the Bitcoin halving happened. As a result, a new crypto winter is emerging, which explains why the index of fear and greed has moved into the fear zone.

Secondly, the Securities and Exchange Commission (SEC) is yet to approve the Ethereum ETF (ETM) position, which is seen as an important boost for the industry. Still, there are indications that the agency will do so within the next few months.

Third, these coins are subject to fluctuations in supply and demand. Bitcoin supply has decreased over the past few months due to halving. But there are signs that supply from other areas has increased. For example, the German government continued to deposit coins into the exchange, before it was destroyed.

In addition, MT Gox continues to transfer coins to wallets. In general, the German government and Mt.Gox can bring billions of dollars of Bitcoin to the market. In a statement last week, Justin Sun offered to buy Bitcoins from the German government, although it is unclear whether he will accept the offer.

There are other reasons for this crash. Technically, Bitcoin has formed a double-top pattern, which is a popular bearish sign.

Pudlana case

Despite these issues, there are signs that Poodlena, an upcoming Solana meme coin, will be the next big thing in the crypto industry.

Derived from the word poodle, a popular Japanese dog breed, Pudlana is a Solana alternative to dog meme coins like Floki, Dogecoin, and Shiba Inu.

The developers will start the 30-day token sale on July 17, which will be followed by the DEX listing. Unlike other token sales, the Pudlana sale will be transferred to Radium and other Solana DEX platforms 60 minutes after the sale ends.

There are a few reasons why Pudlana could be a great meme coin. First, there are signs that the dog is doing well. Recently, the token, known as Billy, has accumulated a market cap of more than $117 million.

Another Solana meme coin, Myro, has a market cap of over $109 million, while Brett and Dogwhiphat are worth $1.17 billion and $4 billion, respectively.

Poodles are popular in key Asian markets such as South Korea, Japan and China, so the Pudlana is likely to join them.

In addition, the developers are planning several activities to increase the value. Some of these growth strategies are marketing flash, vertical platform and special airdrops for owners. You can learn more about Poodlena here.