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Analysts Project a 20x Surge for Pomerdoge (POMD), While Cosmos (ATOM) and Aptos (APT) Could Pull a Resurgence

By
TI Partners
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0

Amidst the overall downturn in the crypto market, few crypto gems have defied the bear market. One of them is Pomerdoge (POMD), a project that has sold over 268 million tokens with more than $3.7 million raised in the ongoing presale, analysts have projected a 20x. Meanwhile, the price movements of Cosmos (ATOM) and Aptos (APT) have been on a steady decline.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Rise in Trading Volume of Cosmos (ATOM) Amid Imminent Upgrade

Technical analysis has shown that the Cosmos (ATOM) token is in a bear market, with the price curve tilting downwards. However, there has been a significant increase in the trading volume of Cosmos tokens in recent days.

This increase in trading volume can be attributed to the imminent upgrade of the Cosmos Blockchain. Cosmos will release the v12 upgrade on the 13th of September. A move that will see an introduction of the Liquid Staking Module (LSM).

Investors must have noted this significant upgrade and have been buying the ATOM token, resulting in an increase in trading volume. The upgrade may trigger a market rebound for the token, with experts projecting the token to trade above $10 before the end of September.

Hope of Price Rebound: More Aptos (APT) Token To Be Unlocked in November

Aptos (APT) is struggling to overcome the bear market that has affected the crypto market. So far, the market trajectory doesn’t seem to favor a rally. However, news has revealed that over 20 million APT tokens worth over $100 million will be unlocked by November 13th. This coming event may cause a rise in the price value of Aptos.

Even now, Aptos is seeing a rise in its trading volume as investors look to buy the token before the bullish ride that’ll come with the token unlock. Experts believe Aptos will trade above $15, witnessed in February before the end of 2023.

Pomerdoge (POMD) Hits Record High Sellout

Despite Cosmos and Aptos market struggles,Pomerdoge has raised over $3.7 million in the past 2 months. With the projected goal of 6.7 million expected to be reached sooner, more investors are joining the project.

Pomerdoge is a new platform connecting players worldwide while allowing for networking and competition. Pomerdoge has a gaming platform named Pomergame. It is a place where users can play games and earn rewards.

There is also the Pomerplace, the marketplace where users can buy, sell and trade valuable items and make money. The platform will make available 7,777 NFT collections reserved for presale buyers of the POMD token.

Presale investors can earn a percentage of revenue brought in from Pomergame proportional to the number of tokens that they own. To enjoy all these, you will need to hold the POMD token worth only  $0.0165 now.

A detailed attention is paid to the security and safety of investor’s assets in the Pomerdoge project. This is evident in the fact that SolidProof and Cyberscope have audited Pomerdoge. Also, the liquidity of the Pomerdoge token will be locked for a lifetime.

Find out more about the Pomerdoge (POMD) Presale Today

 

Website: https://pomerdoge.com/

Telegram Community: https://t.me/pomerdoge

Fantom and Tezos Bearish Outlook Worsens, But Pomerdoge Price Surge Outshines Crypto Market

By
TI Partners
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0

Pomerdoge (POMD), a new play-to-earn game is making waves in the crypto space after skyrocketing from $0.007 to $0.014 within two months. The token’s performance has eclipsed that of well-established coins like Fantom (FTM) and Tezos (XTZ). Let’s look at what Pomerdoge is and what it has to offer.

Summary:

  • Analysts have predicted an 18% price surge for Pomerdoge in the coming weeks.
  • Tezos is trading in the red despite upcoming developments.
  • Investors are losing faith in Fantom.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Fantom (FTM) Price Forecast Remains Bearish

Fantom’s recent price action paints a bearish picture with sellers dominating the market. The Fantom crypto has dropped by more than 23% since mid-August, losing the important $0.200 support level in the process.

In light of its recent drop, the Fantom price prediction maintains its bearish stance. The token must cross above the critical $0.2000 resistance level to spark a rally. Meanwhile, this bearish sentiment is further reinforced by the formation of lower low swings.

Additionally, the Fantom coin is trading below both the 50-day EMA ($0.221936) and the 200-day EMA ($0.300903). The RSI of the altcoin has been steadily declining and currently rests at 39.75. As a result, investors have lost confidence and are jumping ship to more promising investments.

Tezos Domains To Launch New Token on Tezos (XTZ) Blockchain

Tezos Domains, renowned for its unique domain name services on the Tezos network, is gearing up to launch its highly anticipated TED token on September 25th, 2023, at 5:00 PM UTC. This token will be made available through the TrustSwap Launchpad, a trusted platform for decentralized token offerings.

However, the Tezos coin has been gradually slipping into a descending triangle pattern since July 2023. As a result, the price of XTZ has dropped from $0.900 to a low of $0.667032. However, the token is showing more losses on the 7-day chart with a 4.41% decline.

The technical indicators for Tezos point to further price declines. The altcoin is currently trading below the 20, 50, 100, and 200-day moving averages, which could see the token drop to lows below $0.6000.

Pomerdoge (POMD): Analysts Forecast 18% Price Surge

According to a recent research report, the global gaming market will be worth about $65.77 billion by 2027. Pomerdoge (POMD) is building a platform that will help investors benefit from the growing market.

Pomergame is set to incorporate a plethora of features designed to enhance gameplay. It will be launching Pomergame in September. Gamers will have the chance to earn rewards through various contests and competitions. Pomerdoge is gearing up to launch Pomerplace, a dedicated marketplace.

However, only players who attain the gold status called “Pomers” will have access to Pomerplace. Investors will gain access to purchase, sell, and trade in-game assets within this marketplace. Apart from being a marketplace, Pomerplace will also serve as a battle arena for players. Currently, the platform’s native token, POMD, is in the presale phase, available at a rate of $0.014.

Meanwhile, Pomerdoge has successfully sold approximately 50% of the tokens allocated in its current stage. Experts anticipate that the token price will climb to $0.0165 by the end of September. Therefore, investors are advised to act quickly to partake in the potential gains.

Find out more about the Pomerdoge (POMD) Presale Today:

Website: https://pomerdoge.com/

Telegram Community: https://t.me/pomerdoge

Resume of Yemi Cardoso, Tinubu’s Nominee for Central Bank Governor of Nigeria

By
Samuel Nwite
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1

President Bola Tinubu has given his approval for the appointment of Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN). Dr. Cardoso’s term will initially be for five years.

The nomination of Dr. Olayemi Michael Cardoso signifies that the current acting governor, Folashodun Shonubi, did not meet President Bola Tinubu’s expectations for retention. Shonubi had assumed the role of acting governor at the Central Bank of Nigeria (CBN) following the suspension of Godwin Emefiele.

The announcement of Cardoso’s nomination, as stated in a release by presidential spokesperson Chief Ajuri Ngelale, will be submitted to the Senate for confirmation in accordance with the provisions of the 1999 constitution of the Federal Republic of Nigeria (as amended).

Dr. Cardoso’s appointment aligns with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which grants the President of Nigeria the authority to appoint the Governor and four Deputy Governors for the CBN, subject to confirmation by the Senate.

Additionally, President Tinubu has also approved the nomination of four new Deputy Governors of the Central Bank of Nigeria (CBN). Their terms will initially be for five years, subject to Senate confirmation. The newly nominated CBN Deputy Governors are Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello.

Notably, Dr. Cardoso has previously held the position of Chairman at CITIBANK and served as Commissioner for Budget and National Planning during President Tinubu’s tenure as Governor of Lagos State from 1999 to 2007.

Below is the resume of Cardoso:

Dr. Olayemi M Cardoso
Banker
Chartered Broker
Ex-Commissioner, Lagos
Ex Bank Chairman
Over 30 years in private, public, and not-for-profit organizations

EDUCATION

1976-1980: BSc Managerial & admin studies – Aston University
2004-2005: MSc Public Admin – Harvard Kennedy School
2017: Doctor of Business Administration, Aston University

EXPERIENCE

1981-1990: VP Citibank, Nigeria
1990-1997: ED, Citizens Int’l Bank
1997-1999: Principal Partner, FBC Associates
1999-2005: Commissioner, Min. of Planning & Budget, Lagos
2005-2008: Board Member, Chevron Oil Plc
2005-2013: Chairman, World Bank LMDGP Project
2008-2014: Board Member, Harvard Kennedy School
2010-2015: Chairman, EFInA
2015-2019: Member, Cities Alliance
2015-2019: Member, Economic Advisory Council, Office of VP, Nigeria
2014-2020: Chair, West Africa, African Venture Philanthropy Alliance
2010-2022: Chairman, Citi Nigeria
2018-till date: Member of the Board of Advisors, Lagos Business School
2021-till date: Founding Board Member, Nigeria National Advisory Board of Impact Investing

Nasdaq files with SEC for Hashdex mixed Ether ETF

By
Paul Ugbede Godwin
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0
NASDAQ

The Nasdaq stock exchange has filed an application with the Securities and Exchange Commission (SEC) to list an Ethereum exchange-traded fund (ETF) from Hashdex, a Brazilian asset manager. The ETF, called the Hashdex Nasdaq Ethereum ETF, aims to track the performance of ether, the native cryptocurrency of the Ethereum network, using both spot and futures contracts.

An Ethereum ETF is a type of investment fund that allows investors to gain exposure to the price movements of ether without having to buy, store, or manage the digital asset directly. Instead, investors can buy and sell shares of the ETF on a regulated stock exchange, just like any other stock or fund.

An Ethereum ETF can hold ether in two ways: spot or futures. Spot ether refers to the actual digital tokens that are bought and stored in a secure custody service. Futures ether refers to contracts that are traded on a regulated futures exchange, such as the Chicago Mercantile Exchange (CME), that allow investors to speculate on the future price of ether.

According to the filing, Hashdex believes that holding a mix of spot and futures ether can provide several benefits for investors. First, it can reduce the reliance on the spot market, which may be subject to price manipulation or liquidity issues in unregulated exchanges. Second, it can enhance the tracking accuracy of the ETF, as futures contracts can help hedge against any deviations between the spot and reference prices of ether. Third, it can lower the operational costs and risks of the ETF, as futures contracts do not require physical delivery or storage of ether.

The filing also states that the ETF’s investment objective is to have its shares reflect the daily changes in the Nasdaq Ether Reference Price, which is calculated by Nasdaq using data from multiple sources, including spot and futures exchanges. The ETF intends to allocate its assets among spot ether, ether futures contracts traded on the CME, and cash and cash equivalents.

Hashdex’s ETF is not the first one to seek approval from the SEC for listing on Nasdaq. In fact, several other fund managers have already filed applications for similar products, such as VanEck, WisdomTree, and SkyBridge Capital. However, Hashdex’s ETF is unique in its approach of combining spot and futures holdings, as most other proposals either focus on one or the other.

So far, the SEC has not approved any spot-based crypto ETFs in the US, citing concerns over market manipulation, investor protection, and custody issues. However, it has approved several futures-based crypto ETFs, such as ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF, which only hold bitcoin futures contracts traded on the CME.

Hashdex’s ETF may be seen as a compromise between the two approaches, as it tries to balance the advantages and disadvantages of both spot and futures holdings. However, it remains unclear whether the SEC will be receptive to this hybrid model, or whether it will prefer a more clear-cut distinction between the two types of exposure.

If approved by the SEC, Hashdex’s ETF could be a positive development for Ethereum and its ecosystem. It could attract more institutional and retail investors to the second-largest cryptocurrency by market capitalization, increasing its liquidity, adoption, and innovation. It could also provide more legitimacy and credibility to Ethereum as a viable asset class, as it would be listed on one of the most prominent and respected stock exchanges in the world.

However, there are also some potential drawbacks of Hashdex’s ETF for Ethereum. It could increase the volatility and correlation of ether’s price with other assets, as it would be subject to market forces and sentiment that may not reflect its underlying fundamentals or value proposition. It could also introduce more regulatory scrutiny and oversight to Ethereum, as it would have to comply with various rules and standards imposed by the SEC and other authorities.

Ultimately, Hashdex’s ETF is an ambitious and innovative proposal that reflects the growing interest and demand for Ethereum among investors. Whether it will succeed or not depends largely on how the SEC evaluates its merits and risks, as well as how it fits into its broader vision and strategy for crypto regulation.

Is Binance.US Edging towards Insolvency?

By
Paul Ugbede Godwin
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0

Binance.US, the American affiliate of the global cryptocurrency exchange Binance, has been going through a major shake-up in its leadership and workforce, according to multiple sources familiar with the situation. The company’s CEO, Brian Brooks, announced his resignation on August 6, after less than four months on the job. Brooks cited “differences over strategic direction” as the reason for his departure but did not elaborate further.

Since then, Binance.US has reportedly laid off at least a dozen employees across various departments, including compliance, marketing, and product. Some of the affected staff had joined the company only a few weeks or months before being let go, sources said. The layoffs represent a significant portion of Binance US’s total headcount, which was estimated to be around 75 to 100 people before the cuts.

The turmoil at Binance.US comes amid growing regulatory scrutiny and pressure on Binance, the world’s largest crypto exchange by trading volume. Binance has faced investigations, warnings, and restrictions from regulators in several countries, including the UK, Japan, Germany, Singapore, and Canada. The US Securities and Exchange Commission (SEC) is also reportedly probing Binance for possible violations of securities laws.

Binance.US was launched in September 2019 as a separate entity from Binance, with its own board of directors and management team. The company operates under a licensing agreement with Binance, which allows it to use the latter’s technology and brand name. Binance.US is registered as a money services business with the Financial Crimes Enforcement Network (FinCEN), but it does not have a federal banking charter or a BitLicense from New York State.

One of the main issues that Binance.US has to deal with is the regulatory uncertainty in the US market. The exchange has been under scrutiny from various authorities, such as the Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC), and the Department of Justice (DOJ), for allegedly violating securities laws, facilitating money laundering, and operating without proper licenses. Binance.US has also been banned or restricted in several states, such as New York, Texas, and Florida, limiting its customer base and revenue potential.

Another problem that Binance.US faces is the lack of liquidity and trading volume. According to CoinMarketCap, Binance.US ranks 58th among global exchanges by adjusted volume, with a daily average of $116 million as of September 15, 2021. This is a far cry from its parent company, Binance, which ranks first with a daily average of $24 billion. The low liquidity and volume make it harder for Binance.US to attract and retain customers, especially institutional investors who demand high-speed execution and deep order books.

A third challenge that Binance.US has to overcome is the competition from other US-based exchanges, such as Coinbase, Kraken, and Gemini. These exchanges have a more established reputation, a wider range of products and services, and a stronger compliance record in the US market. They also have more resources and partnerships to expand their market share and customer base. For example, Coinbase recently became the first crypto exchange to go public on Nasdaq, raising $4.3 billion in its initial public offering (IPO). Kraken is also reportedly planning to go public in 2022, following a similar route as Coinbase.

All these factors have led some experts to question the viability of Binance.US and its ability to survive in the long term. According to a report by Bloomberg, Binance.US is losing money every month and is struggling to find investors or partners to support its operations. The report also claims that Binance.US has been trying to distance itself from its parent company, Binance, which has been accused of being involved in illegal activities and evading regulations around the world. However, this strategy may not be enough to convince regulators and customers that Binance.US is a trustworthy and reliable platform.

Binance.US is facing a tough situation that may jeopardize its future. The exchange has to deal with regulatory hurdles, low liquidity and volume, and fierce competition from other US-based platforms. Unless it can find a way to resolve these issues and improve its performance, it may be edging unto insolvency.

Binance.US has been trying to expand its presence and legitimacy in the US market, by applying for licenses in various states, partnering with local banks and payment processors, and adding more coins and features to its platform. However, sources said that the company has faced challenges in hiring and retaining talent, securing funding and liquidity, and navigating the complex and evolving regulatory landscape.

It is unclear who will replace Brooks as the CEO of Binance.US, or what the company’s future strategy will be. A spokesperson for Binance.US declined to comment on the personnel changes or the regulatory issues. In a statement on August 6, the company said that it “remains committed to serving our customers and expanding our products and services in line with our regulatory obligations.”

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