Top coins to watch in July: Toncoin (TON), Pepe (PEPE), Poodlana (POODL)
Toncoin (TON) rises as transactions crosses $9B amid USDT integration for liquidity and DeDust DEX growth.
PEPE shows price resilience with MVRV metrics showing it is undervalued despite organic demand challenges.
Solana-based fashion-themed meme coin Poodlana (POODL) launches in July 17.
July brings forth exciting opportunities for crypto investors eyeing significant gains. Some of the coins that have intrigued investors include Toncoin (TON), Pepe (PEPE), and Poodlana (POODL) with their unique price movements and future growth prospects.
Each coin presents distinct characteristics and potential for growth in the current market landscape.
TON price rising as Toncoin sees an uptick in acivity
Besides experiencing significant price movement, Toncoin has also surged in activity and adoption in recent months.
Known for its robust infrastructure and user-friendly ecosystem, Toncoin has facilitated over $9 billion in transactions during Q2 alone, underscoring its role as a prominent blockchain network.
Key to Toncoin’s appeal is its integration of native Tether (USDT), which has enhanced liquidity and trading capabilities on the platform.
However, despite its impressive transaction volume, Toncoin faces challenges in decentralized finance (DeFi), with less than $800 million locked in value compared to leading platforms.
Nevertheless, its native apps and vibrant community-driven projects, such as mini-apps and meme tokens, continue to attract users. The platform’s decentralized exchange (DEX), DeDust, has experienced significant growth, further solidifying Toncoin’s position in the market.
Investors are also closely monitoring Toncoin’s fee structure and its impact on user engagement, with recent fee increases reflecting its growing popularity.
With ongoing developments and a promising outlook, Toncoin remains a top contender for investors seeking innovation and scalability in blockchain technology.
Pepe price rebounds despite a drop in organic demand
Pepe has also garnered attention for its dynamic price movements and market performance.
Currently trading within a narrow range, Pepe has shown resilience with support levels and resistance dynamics influencing its short-term outlook.
Technical indicators such as the Relative Strength Index (RSI) and On-Chain metrics like Network Value to Transactions Ratio (NVT) provide insights into Pepe’s valuation and investor sentiment.
Despite challenges in maintaining organic demand and active addresses, Pepe’s 30-day MVRV (Market-Value-to-Realized-Value) suggests undervaluation, contrasting with its Network Value to Transactions Ratio (NVT).
These metrics highlight Pepe’s potential as an undervalued asset with speculative opportunities for traders looking at short-term gains.
Poodlana (POODL), the much awaited fashion-centric meme coin
As Toncoin and PEPE trend for their recent price surges, a new Solana-based meme coin Poodlana has emerged, combining fashion-centric appeal with blockchain technology.
Set to launch on the Solana blockchain via a presale on July 17, Poodlana aims to attract enthusiasts interested in both high-fashion trends and cryptocurrency investments.
With a total supply of 1 billion POODL tokens, the project emphasizes transparency and community-driven growth through its presale approach and tokenomics.
The presale strategy of Poodlana includes a 30-day token sale with escalating prices, catering to diverse investor preferences and ensuring fair participation. Supported by multiple payment options including ETH, BNB, SOL, USDT, and USDC, Poodlana aims to maximize accessibility and participation among potential investors.
The integration of high-profile partnerships, marketing initiatives, and liquidity provisions underscores Poodlana’s ambitious plans to carve a niche in the competitive meme coin market.
In addition, the POODL token is expected to list on decentralized exchanges (DEX) immediately after the presale concludes providing immediate liquidity for early investors.
The post Top coins to watch in July: Toncoin (TON), Pepe (PEPE), Poodlana (POODL) appeared first on CoinJournal.
