Read ahead to know why the market bulls are rallying behind Pomerdoge, a new project that is still in its presale round. It has already raised over $1 million within two weeks of its launch.
On the other hand, long-standing projects like Cosmos (ATOM) and Binance (BNB) have become prey to market bears.
Summary
- The trading price of Cosmos (ATOM) has plummeted by 13%.
- Binance’s (BNB) price has declined by more than 6%.
- Pomerdoge’s value can surge by 1,700% during the ongoing presale.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
The Collapse Of Terra Still Haunts Cosmos (ATOM)
Amid the prevailing bearish market conditions, Cosmos (ATOM) has been witnessing high selling pressure. Due to this, the market value of Cosmos (ATOM) has also taken a blow. In the past month, the price of Cosmos (ATOM) has plunged by 13%. Thus, Cosmos (ATOM) is currently changing hands at $8.09.
Experts believe that the collapse of Terra has left a severe liquidity hole in the DeFi ecosystem of Cosmos (ATOM). Subsequently, the development of Cosmos (ATOM) has slowed down. Besides, Ethereum’s shift to a proof-of-stake mechanism, through “Merge,” has also posed a serious challenge for Cosmos (ATOM).
Binance (BNB) Shifts Its Focus On Its Core Services
In a major development, Binance (BNB) has announced to stop its Binance Connect, also called Bifinity, service. Notably, Binance (BNB) announced the closure of the service just a year after its launch.
While stopping the service, Binance (BNB) stated that it has taken the decision to shift its focus on its main products. Binance has announced this step at a time when BNB is on a continuous decline.
The market value of Binance (BNB) has declined by 6% in the past month. Thus, Binance’s (BNB) current trading price has come down to $225.78.
Pomerdoge (POMD) Becomes A Pioneer In P2E Industry
According to market reports, the blockchain gaming industry can expand at a CAGR of 21.3% in the next five years. Taking advantage of this growth opportunity, Pomerdoge, a new play-to-earn (P2E) coin has joined the market. It has brought the concepts of meme coins, and P2E tokens together.
Take a look at our current competition within our telegram group where 3 users will each win $5,000 each in POMD tokenshttps://t.co/B9zhnIQa6C
— Pomerdoge (@pomerdoge) August 23, 2023
Be there or be square pic.twitter.com/iw2BMK01Wt
Pomerdoge plans to launch Pomergame, in the fourth quarter of 2023. The game will allow gamers to play and earn at the same time. Players can build their own avatars and create customized in-game assets to upgrade their characters.
The project also comprises Pomerplace, which serves dual purposes. It will be a marketplace as well as a battle arena. Here, players can trade assets, or battle against other members to earn rewards. Pomerdoge’s native token is POMD, and its owners will receive multiple benefits.
The platform will allow only token owners to purchase its NFTs, which will have a unique value. Token holders will also earn additional income through staking.
Solid Proof as well as Cyber Scope have audited the smart contract. Additionally, the project has announced to lock the liquidity pool to make it the safest investment. The presale is currently in stage 1, and the value of a POMD has soared to $0.009 from $0.007. As per market projections, POMD tokens’ price can spiral by 17x during the presale phase.
Although the overall crypto market was experiencing stagnation in the first half of 2023, the second half has brought optimism to the industry. The main reason behind this ignited optimism is the presale launch of POMD.
Find out more about the Pomerdoge (POMD) Presale Today
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
