On-chain activity is the secret to seeing the future. PayPal’s PYUSD has hit a billion-dollar market cap, and analysts are paying close attention. Rising stablecoin liquidity dictates how high crypto trades, and more liquidity on-chain in the form of stablecoin is always good.
PYUSD was launched in 2023, fully backed 1:1 by US dollars, but the rampant growth of its supply was primarily driven by deployment on Solana. Reading between the lines, it screams that economic activity is happening on Solana.
Investors underexposed to this ecosystem will have a rude awakening this cycle. Observe where the liquidity flows and follow it. Meme coins like Poodlana have been surging and are the best plays for leveraged SOL exposure in the next twelve months. This classy poodle has already been called the best altcoin to hold in 2024 by analysts, and with SOL ready to lift off, crazy price forecasts are bouncing around.
PayPal’s stablecoin growth
PayPal’s stablecoin growth has been nothing short of miraculous. The ability to digitize dollars has been one of crypto’s most significant contributions to global finance, and they have rapidly started to eat into the remittance market for cross-border payments. Still, competition is fierce, and Tether’s massive lead has proven nearly impossible to challenge. So, how did PayPal grow the PYUSD supply so quickly?
In May of this year, PayPal launched PYUSD on Solana, partnering with Phantom to on-ramp users onto the network. Incentives were launched on several of Solana’s largest DeFi platforms, such as Kamino, and the rest is history. Users want stablecoins on Solana, and by targeting networks with heightened activity, PayPal was able to grow the supply faster than anyone had imagined.
The starstudded rise of Poodlana
Analysts focus on signals instead of noise, and PYUSD’s rise clearly signals that Solana is dominating on-chain trading. Naturally, investors want to be exposed to the best altcoins on this network. Poodlana has been a success story going against the grain since its $8 million presale.
Instead of following the crowd, Poodlana takes a different approach. Branded as the ‘Hermès of Crypto’ and doubling down on glamour and luxury, this high-end meme coin has broken away from the crowd and become an enigma. Most meme coins rely on tacky branding and marketing. Poodlana swims against this current, and getting recognized is the most important thing for a meme coin. Arriving as a breath of fresh air and already listed on MEXC and BingX POODL, holders are going against the consensus of typical meme architecture, and seasoned traders know that the best opportunities are always contrarian at the outset.
Why meme coins like POODL are the best altcoins this cycle
Poodlana’s rejection of the norm and embracing of high-end fashion has proven to be a winning strategy. Meme coins trade attention, and standing out is the best way to gain it. Already massively popular in Asian markets and seeking to list on more centralized exchanges, this glamorous poodle has catapulted itself into the position of best altcoin to own this quarter.
Meme coins trade as leveraged bets on the native token of the network. Holding POODL is a leveraged bet on Solana, and PYUSD’s success on the network is the signal investors should be listening to. Solana is ground zero for on-chain activity this cycle, and POODL could print crazy returns when SOL makes a new ATH.
For more details, visit the Poodlana website.
