Prep for SOL ETFs With POODL + 2 More: Best Cryptos To Buy in September
As the likelihood of Solana ETFs edge closer, with Brazil approving the first one ever, investors are hunting for the top Solana tokens to take advantage of a speculative jump. Fortunately, weve done the hard work to find three of the best cryptos to buy in September to join the Solana moon-bound rocket. Stay tuned to find out which projects made the cut.
Best cryptos to buy in September
- Poodlana: Solanas next big meme coin
- Solana: Top pick for SOL ETF spike
- Raydium: The DeFi engine behind Solana
Poodlana: Solanas next big meme coin
Growing anticipation of a Solana ETF has crypto enthusiasts keeping a close eye on Solana-based assets in anticipation of a huge spikeand Poodlana is emerging as a standout.
After raising more than $8 million during its 30-day presale and securing a listing on Solanas decentralized exchange (DEX) Raydium, Poodlana is set to be the next big hit in the meme coin world. With a listing on MEXC following closely on 19th August, and an additional CEX listing on BingX on 23rd August, hype and demand around POODL have steadily increased; at press time, POODL has already pumped by 50%.
Solana meme coins have been a scorchingly hot topic this year. Take Gigachad, which soared over 680% between June and mid-August, and is at press time, up around 1400% from launch. Or Popcat, which rocketed over 25,000% from February to its all-time high in July. These meteoric rises show the potential returns Solana meme coins can offer, and with an impending SOL ETF on the horizon, the stage is set for even more explosive growth across the board.
So why Poodlana? Unlike its competitors, Poodlana taps into an overlooked goldmine: the love for poodles and luxury fashion in Asia. With its branding as The Hermès of Crypto and a regal, black poodle mascot adorned with a crown, Poodlana is set to be a smash hit.
After all, Poodles rank among the top three dog breeds in Japan, Korea, and China, and the regions luxury market is booming. For example, Chinas luxury fashion market grew by 12% year-on-year in 2023 and is expected to account for 35-40% of the global total by 2030.
Meme coins are also a hit in Asia. Projects like PeiPei and Biaoqing have recorded massive gains in mere days this year. Poodlana is laser-focused on this region, already using a marketing blitz to spread the word in these regions and dedicating entire Telegram channels to its Eastern audience.
Theres even a competition offering $2,500 to the creator of the best Poodlana meme, judged by community engagement. In the long run, Poodlana plans to expand its staking platform, offer exclusive airdrops, forge international partnerships, and even support canine-related philanthropy. With its potential to dominate the Asian market, Poodlana is starting to look like the best crypto to buy in September.
Poodlana is available on Raydium, MEXC, and BingX. Learn more and invest in POODL by visiting the Poodlana website.
Solana: Top pick for SOL ETF spike
As speculation around the approval of Solana ETFs heats up, Solanas price is expected to rise sharply. Major institutions like VanEck and 21Shares have already filed applications with the SEC, and Brazils approval of a Solana ETF in early August has buoyed this optimism.
The broader reasons to invest in Solana go beyond just impending ETFs. Assuming therell be an uptick in Solana-based projects in the coming months, many of these tokens require SOL for essential functions such as paying gas fees or minting NFTs. This situation is comparable to selling shovels during a gold rushwhen demand for Solana projects rises, so too does the need for SOL.
But there are plenty of other reasons to be bullish on Solana. Its become the go-to chain for new projects, particularly meme coins, thanks to its lightning-fast transaction speeds of around 3,500 per second at a fraction of a dollar per transaction. Its swelled to become the third most valuable blockchain by total value locked, peaking at $5.63 billion in late July.
Likewise, SOLs impressive 700% rise from mid-2023 to March 2024 shows the markets confidence in its long-term prospects. While its fluctuated since, the fact that SOL has struggled to break lower is a bullish sign. The potential approval of a SOL ETF could be the catalyst needed to push Solana even higher, making it one of the best cryptos to buy in September.
Raydium: The DeFi engine behind Solana
Raydium is a leading DEX built on the Solana blockchain thats known for its lightning-fast transaction speeds and low fees. As an automated market maker (AMM), Raydium provides decentralized trading by pooling liquidity and enabling instant swaps. Its also integrated with Serum, another Solana-based DEX, which boosts its liquidity and capabilities.
Currently, Raydium has a total value locked of around $1 billion, having peaked at $1.26 billion in July 2024. Similar to Solana, the growing interest in SOL-based projects is driving demand for RAY, the platforms native token, which is used to pay fees and incentivize liquidity providers.
Between October 2023 and March 2024, RAYs price surged over 1,500%, reaching a high of $2.82. Although RAY is still trading well below its all-time high of $16.64 from 2021, the potential for growth remains high, especially with the anticipated approval of SOL ETFs. This positions Raydium as one of the most promising cryptos to watch in September.
Read more: https://www.tronweekly.com/prep-for-sol-etfs-with-poodl-2-more-best-cryptos-to-buy-in-september/
Text source: TronWeekly
