Although the overall crypto market was experiencing stagnation in the first half of 2023, the second half has brought optimism to the industry. Notably, investors are rushing towards a new crypto project, Pomerdoge.
This new project has shown massive growth potential, and has raised more than $1 million during the first few days of its presale launch. Meanwhile, Dogecoin (DOGE) and Solana (SOL) have been losing their momentum.
Summary
- Dogecoin’s (DOGE) value plummets by 14%.
- Solana (SOL) has seen an increase in its liquidity, but its price has dropped by 9%.
- Pomerdoge has raised more than $1 million in the first stage of its presale.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Dogecoin (DOGE) Is Under heavy Selling Pressure
Dogecoin (DOGE) has become heavily reliant on market speculations and hype for its price revival. For instance, Dogecoin’s (DOGE) recent upward movements on the price chart was caused by the hype surrounding the actions of X, formerly called Twitter, and Elon Musk.
Apart from those sporadic events, Dogecoin (DOGE) has mostly been bearish in recent weeks. The latest data from Coinalyze informs about the heavy selling pressure on Dogecoin (DOGE) investors. Subsequently, the price of Dogecoin (DOGE) has plummeted by 14% in the past seven days.
Dogecoin’s (DOGE) current price hovers at $0.0657.
Solana’s (SOL) Liquidity Increases But Price Falls
The Solana (SOL) ecosystem has witnessed a paradoxical situation lately. While its liquidity has increased in recent weeks, the market value of Solana (SOL) has taken a dip.
In the past 30 days, the market value of Solana (SOL) has declined by 9%. Thus, Solana (SOL) is currently available to trade at $23.07. Earlier, Kaiko, a market research report, had revealed that Solana (SOL) is one of the cryptocurrencies with high liquidity on Coinbase. According to experts, high liquidity often brings price stability, and less volatility for cryptocurrencies. But this has not been the case with Solana (SOL) this time.
Pomerdoge (POMD) Targets Generating Big Wealth For Investors
According to a report by Polaris Market Research, the size of the global blockchain gaming industry can surge to $1,020 billion by 2032. Pomerdoge has developed a state-of-the-art play-to-earn (P2E) meme coin, disrupting the blockchain gaming sector. It will be launching Pomergame, a P2E game, in Q4 2023, which will allow players to play and earn simultaneously.
Three elements have made up the Pomerdoge ecosystem: Pomergame, Pomerplace, and a collection of 7,777 NFTs. Pomergame allows players to build, and enhance their in-game characters. Additionally, Pomerplace enables gamers to trade custom in-game assets. Besides, POMD owners will receive access to the NFT collection of Pomerdoge. Each NFT will have unique value and utility.
POMD will be the native token for the platform. The token holders can also stake their POMD tokens to generate extra income. Pomerdoge’s presale phase is live, and currently in stage one. The project has raised over $1 million, and more than 125 million POMD tokens are sold out. The token’s price has also risen to $0.008 from $0.007.
Furthermore, the market value of POMD tokens can skyrocket by at least 17x before the culmination of the presale round. Pomerdoge has also announced to distribute giveaways worth $150,000, which includes a $50,000 mega Pomer prize.
Find out more about the Pomerdoge (POMD) Presale Today
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge