Pepe, Floki, and Popcat Tokens Raised Ahead of the Poodlena Token Sale
Mimi coins were among the best performing coins on Monday as cryptocurrencies staged a strong recovery. JasmyCoin rose over 20% while Pepe, Floki, Brett and Dogwhiphat jumped over 19%.
Other popular commemorative coins such as the Popcat and the Mog coin were among the top earners. The focus among investors will now be on the upcoming Pudlana Token Sale, which will begin on Tuesday this week.
Mem coins lead recovery
A sense of uncertainty pervades the crypto industry as investors brace for more tailwinds. Bitcoin rose to $63,500 on Monday, a big jump from this month's low of $53,400. Its relaunch triggered a huge jump in other altcoins, with the total market cap of all tokens reaching $2.3 trillion.
This price action came after the assassination of assassin Donald Trump on Saturday and a dovish statement by Federal Reserve Chairman Jerome Powell.
The shooting had a big impact on the political scene, with investors betting that Donald Trump has a strong chance of winning, especially if he goes up against Joe Biden. Recent elections have given him a comfortable contrast.
Like former President Donald Trump, he supports the crypto industry and has launched many NFTs. According to data obtained by Arkham, Trump's crypto portfolio is over $10 million and growing.
Trump's victory means Gary Gensler will be replaced at the Securities and Exchange Commission (SEC). Gensler has been criticized for its regulatory enforcement policies and the failure of FTX.
Meanwhile, Jerome Powell has hinted that he hopes the Federal Reserve will continue to moderate inflation in the coming months. Risky assets will fare well when the Fed turns dovish, as it leads to animal spirits among investors. This explains why the most dangerous meme coins have jumped.
Pudlana token sale in the future
The next key event to watch is the upcoming Pudlana Token Sale. Pudlana is an upcoming meme coin that hopes to be the next big thing in the crypto industry.
It aims to be a better alternative to other animal-based tokens like Pepe, Floki, Shiba Inu. and popcat. It does that because it is based on the poodle, one of the most popular dog breeds in Japan and other Asian countries.
Pudlana aims to attract attention by being the most stylish pocket in the market. The token will have a supply limit of 1 billion tokens, 50% of which will be offered in this pre-sale. 15% of tokens will go to trading and another 15% will go to liquidity. The rest goes to partnerships, awards and treasury.
According to the white paper, which you can see here, the token will have a 30-day pre-sale after 60 minutes of launch in Radium. After that, the developers will push it to centralized exchanges and then through staking and international partnerships. You can buy a Pudlana token here.
