Geopolitical tensions have dominated financial discussions in recent weeks.
As the conflict in the Middle East intensifies, a JPMorgan analyst suggests that investors may increasingly turn to Bitcoin as a safe haven.
However, Bitcoin rarely rallies in isolation—it often pulls other cryptocurrencies along with it.
If JPMorgan’s optimism holds, it’s plausible that names like Poodlana could see a similar rise, especially given its reputation as a potential 100x opportunity.
Why Poodlana could soar as investors shift away from fiat currencies
JPMorgan also predicts that the upcoming US elections will boost interest in Bitcoin, as both presidential candidates have expressed favorable views on cryptocurrencies.
Furthermore, the persistently high government deficit is driving investors away from fiat currencies and toward digital assets like Bitcoin.
This shift is becoming even more pronounced as the US dollar weakens following last month’s significant 50-basis-point interest rate cut by the Federal Reserve.
With another 50-basis-point rate cut expected by the end of the year, more capital is likely to move out of the dollar and into cryptocurrencies like Bitcoin.
If Bitcoin rallies as a result, it could also pave the way for other cryptocurrencies like Poodlana to gain momentum.
Click here to find out more about the native POODL meme coin.
Here’s a summary of everything you should know about POODL
Poodlana markets itself as a glamour-inspired meme coin. So, it’s fair to assume that it has not just the broader crypto tailwinds, but ones related to the fashion industry to help it rally in the coming months as well.
POODL raised millions in its presale and has already listed on two big crypto exchanges: MEXC and Raydium, to keep the investment community interested in the native meme coin.
But for those of you who are on the lookout for passive means of making money online, Poodlana plans on launching a staking platform as well.
Simply put, its devs aren’t leaving any stone unturned to drive more and more interest into the native POODL meme coin.
All in all, if you’re convinced the crypto industry is due a sharp rebound in the final quarter of this year and are somewhat restricted in terms of cash to invest, Poodlana may be an exciting investment for you as it has potential to increase your capital by several folds.
You can learn more about POODL on this link.
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