Statista forecasts the global fashion market to grow at a compound annualised rate of 8.94% to push volume up from $237 billion this year to $1.18 trillion by the end of 2029.
The number of users, it expects, will hit 2.8 billion worldwide over the same period while the average revenue per user (ARPU) will hit $370.
As evident, the fashion industry is broadly projected to undergo rapid growth in the years ahead. But stocks are no longer the only asset that can help you profit as that market continues to mature.
Glamour inspired cryptocurrencies like Poodlana stand just as much a chance to capitalise on the expected growth in the global fashion market. Let’s take a closer look at why else should you consider investing in the native POODL meme coin.
It’s easier to invest in POODL now
Poodlana has recently ended its presale, raising a whopping $8.0 million, which indicate that the native meme coin is grabbing immense interest from investors interested in a unique merge of fashion and cryptocurrencies.
But you don’t have to fret if you did not build a position in POODL in presale as it’s not too late yet. In fact, investing in that crypto token may be that much easier now that it has listed on notable crypto exchanges like Raydium and MEXC.
Poodlana has built a chic community in recent weeks and is now scheduled to launch a staking platform as well as airdrops and bonuses exclusive for its early investors.
Both of those offerings will likely contribute meaningfully to drive continued interest in the POODL meme coin. Click here if you’d like to learn more about Poodlana before deciding whether to invest in it or not.
Is Poodlana worth the potential volatility?
Meme coins are inherently associated with extreme volatility, which is why it is understandable if you’re having second thoughts about investing in Poodlana.
But you should also note that meme coins, particularly the likes of POODL that are based on the Solana blockchain have done exceptionally well in 2024.
A few of them have offered exponential returns within a short span that other investment assets like stocks can almost never match.
Additionally, now may be an even better time to invest in Poodlana as the US Federal Reserve opted for an aggressive start to easing monetary policy with a 50-basis points rate cut last night.
The central bank signalled another 50-bps cut by the end of this year that may help boost inflows into cryptocurrencies, including the POODL meme coin.
If you’d now like to explore ways to invest in Poodlana, click here to visit its website now.
The post Could Poodlana benefit from expected growth in global fashion market? appeared first on Invezz