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.