In the recent crypto market trend, two top blockchain projects, Sui (SUI) and Near Protocol (NEAR), have been battling the bear market’s downward pressure. On the flipside, Pomerdoge (POMD) has continued to attract investors’ interest amidst a broader market rally. In this article, we’ll delve into the dynamics driving these developments.
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Sui (SUI) Price Plummets, More Price Drop Could Happen
Sui (SUI) is the native token of the Sui blockchain network that provides an infrastructure for decentralized applications (DApps) and smart contracts. The SUI token aims to make it easier for people to own and use digital assets.
Despite being one of the best-performing cryptos at the start of the year, the Sui token price has been on a decline in recent times. Since June when the Sui token price topped at $1.51, the price of the altcoin has been on a decline.
On the daily, weekly, and monthly charts, the price of Sui token is bearish. As a result, the price of Sui has dropped to a low of $0.4838. With 790 million SUI in circulation, Sui has a market valuation of $378.5 million.
Near Protocol Investors Moves To Pomerdoge
NEAR Protocol (NEAR) is a blockchain solution meant to address two major difficulties in the Bitcoin world: transaction speed and user experience. Due to its high scalability, the Near Protocol blockchain has been increasing in adoption.
Despite its network growth, the Near token has been on a decline since February. From a yearly high of $2.7, the price of Near Protocol has dropped to $1.13. While investors are concerned about the performance of the Near coin, on-chain metrics could support a price increase following its double bottom at the $1.10 support level.
Most analysts anticipate NEAR Protocol’s price to hover between $1.00 and $2.00 till it is pushed higher by a strong market trend. However, if the Near protocol price falls below $1.00, the token’s recovery may be difficult.
Pomerdoge (POMD) Pulls Investors From the Bearish Market
While the prices of Sui and Near Protocol are falling, Pomerdoge (POMD) is drawing in investors due to its price increase. The price of the Pomerdoge token recently increased by 15%, jumping from $0.007 to a new high of $0.0115 per token.
Pomerdoge is a new P2E game that connects players across the world while playing a competitive and fun game. Pomerdoge is gaining popularity for its ambition to develop an engaging gaming system in which players can win incentives.
What makes Pomerdoge stand out amongst its competitors is its refreshingly new ecosystem that combines P2E gaming with meme coins. Additionally, POMD the native token, allows for transactions within the platform and offers holders the potential to earn additional rewards through playing games, staking, and trading.
POMD has currently sold over 210 million in its first phase of presale and its price is bound to increase soon. Pomerdoge is currently being sold at $0.0115, considered a good investment for investors looking for a great return on investment.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge