The crypto market is currently under bearish sentiments as two top tokens, Cosmos and Axie Infinity continue to shed price gains. According to reports, Cosmos and Axie Infinity holders have moved to a new presale project called Pomerdoge.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Cosmos (ATOM) To Suffer More Price Dip
The Cosmos price chart is bearish today, having experienced a drop of over 21.0% within a month. Also, this downward trend is further highlighted by the weak bearish momentum. Examining the daily chart, it becomes evident that the asset price is demonstrating a pronounced downward trajectory.
The price of the Cosmos coin is below key moving averages, including the 50, 100, and 200-day EMAs. The Relative Strength Index (RSI) of the Cosmos crypto value stands at 27.96, as it plunges deeper into the oversold region.
Therefore, the ATOM price is likely to undergo further decrease in the future. According to data from CoinMarketCap, Cosmos’s price has registered a slight uptick of 0.19%, reaching $7.13. However, a surge of activity on the Cosmos network could help the coin recover.
Axie Infinity (AXS) RSI Indicator in the Oversold Region
The Axie Infinity market was one of the top metaverse and gaming tokens that have captured users’ attention in the past 2 years. Unfortunately, things have been going downhill for the token since its Ronin Bridge attack.
Currently, the price of Axie Infinity is $4.71, a 2.78% price decline in the last 24 hours. Similarly, the token’s price has dropped by 3.90% in the past 7 days.
Looking at technical indicators, the Axie Infinity token is trading below all moving averages. Currently, the RSI value is at 29.56, which indicates that the Axie Infinity price is in an oversold position. The RSI indicator suggests that the price of Axie Infinity will decrease.
Pomerdoge (POMD) Rekindles Investors’ Interest in P2E Gaming
While Cosmos And Axie Infinity are looking at more price drops, Pomerdoge (POMD) emerges as a project with fresh vitality within the cryptocurrency space. Pomerdoge is planning to introduce a captivating play-to-earn gaming ecosystem. Currently, Pomerdoge has sold over 178 million tokens, resulting in a notable 15% upswing in price.
Price Increasing!!
We are now over 75% sold out of Stage One and its looking extremely likely that the first stage will sell out early! THE PRICE WILL INCREASE TO $0.014 ON FRIDAY THE 8th of September At 19:00 UTC
You can sign in to your account at anytime via… pic.twitter.com/rvdthjcACy
— Pomerdoge (@pomerdoge) September 4, 2023
Crypto experts are particularly bullish, foreseeing even more substantial price escalations as the project advances further. One major component of Pomerdoge’s upcoming ecosystem is Pomergame, a play-to-earn cryptocurrency game. This innovative game will offer players the opportunity to elevate their in-game characters and earn rewards.
Additionally, another component of the upcoming ecosystem is Pomerplace, the platform’s marketplace. Here, gamers will be able to trade skins, items, and other valuable in-game items. The Pomerplace will serve as an arena for gaming battles. Remarkably, the native token of Pomerdoge can currently be acquired for a modest price of just $0.01.
Simultaneously, analysts are envisioning a remarkable surge in price before the conclusion of 2023. Their projections place Pomerdoge on a trajectory to reach an impressive value of $0.35 by December.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge