SuperRare (RARE) recorded a 187% price increase in one week, reflecting the strong growth of the NFT market. Poodlana (POODL) is set to list on Tier 1 exchanges on August 23, 2024, after listing on Raydium and MEXC. Poodlana's potential Binance listing and Solana connection further boost its growth prospects.
On SuperRare, a leading NFT marketplace, token prices have risen 187% in recent weeks, reflecting growing interest in digital art.
At the same time, Poodlana (POODL), a newcomer to the meme coin space, is preparing for a listing on a major exchange that could further fuel its explosive growth.
The Incredible Rise of SuperRare (RARE)
Founded in 2018, SuperRare has established itself as the premier platform for curated on-chain art, with over $300 million in total sales and $180 million in artist earnings, making it a cornerstone of the NFT space. The $RARE token is at the heart of the SuperRare ecosystem, serving as both a transaction currency and a governance tool through the RareDAO.
Recent performance metrics highlight SuperRare's impressive growth: according to the latest figures, the price of the $RARE token is at $0.2508, up 4.49% in the past 24 hours.
Even more impressively, it has surged 187.89% in the past week and 172.14% in the past 30 days. This dramatic increase in value highlights the growing popularity and investment in the SuperRare platform.
There are a few possible reasons for the recent rise in SuperRare's token price: the platform's ongoing efforts to improve art market discovery and decentralization, combined with its innovative approach to artist royalties, have created a lot of buzz within the crypto community.
As a pioneer of perpetual artist royalty fees, SuperRare continues to attract artists and collectors, driving up both its market capitalization and trading volume.
Pudrana shows signs of soaring after listing on major exchanges
Following the success of SuperRare, Poodlana is gearing up for rapid growth. After a hugely successful $8 million presale, Poodlana has already debuted on Raydium and MEXC.
The token is expected to be listed on the Tier 1 exchange on August 23, 2024. Excitement surrounding the listing has been fuelled by persistent rumors of a possible Binance listing, which could further boost demand.
The potential impact of the Binance effect is substantial: historical data suggests that new listings on Binance often result in price increases of around 40% on average.
Poodlana's market entry strategy aims to capitalize on the buzz generated during the presale: with no vesting or lock-up period, the token is expected to experience significant buying pressure as it moves to the public market.
Poodlana is targeting the Asian meme coin market, which accounts for a significant portion of meme trading volume, so the token is likely to perform well. The unique poodle theme and high fashion brand have also contributed to its growing popularity.
Additionally, Poodlana has partnered with Solana, a blockchain known for its speed and scalability, giving it even more potential. Solana's meme coins have seen significant price increases, with some tokens experiencing spikes of over 1,000%. Poodlana's alignment with this trend suggests it too is poised for significant growth.
The exchange listing is not just about liquidity; it is a strategic move to capture market momentum and establish Poodlana as a major player in the meme coin industry. Investors and enthusiasts are eagerly awaiting the tier 1 exchange listing, hoping to lock in profits before the expected FOMO-driven price surge.
