Amid the bearish market, Solana (SOL) and Chainlink (LINK) investors have turned their attention to an emerging project – Pomerdoge (POMD). Interestingly, Pomerdoge is just in the presale stage and its price has increased from $0.007 to $0.01 in less than a month. As a result, Solana and Chainlink investors are stacking large amounts of Pomerdoge tokens to benefit from the price rally.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Solana (SOL) Network Activity and Price Decline
The network activity on the Solana blockchain has been on a decline in the last three months. Notably, the network’s daily active addresses and daily transactions have dropped by over 41% so far.
Similarly, the Solana coin has witnessed a robust downtrend, forming lower lows since it reached its annual peak of $32.13 on July 14, 2023. Meanwhile, a crucial turning point occurred on August 17th, 2023, when the price breached the support level and descended further.
The Solana price ultimately stabilized at a new support level of $20.20. However, bearish pressure has worsened with the crypto market, pushing the price of Solana below the $20 region. The Solana price is sub-$20 and will need major bullish momentum to recover this resistance.
Chainlink (LINK) Experiment With SWIFT For CCIP Tokenization
SWIFT and Chainlink crypto, in collaboration with prominent financial institutions, have effectively conducted pilot programs for cross-chain tokenized asset transfers. This achievement was made possible through the utilization of Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
Despite this, the price of Chainlink has been on a decline, falling as low as $5.98. Technical indicators for the Chainlink coin are still showing bearish price movement. The Chainlink price is trading below the 50-day EMA ($6.64), 100-day EMA ($6.69), and 200-day EMA ($6.83).
Additionally, Chainlink’s RSI value is below the 50 average at 33.08. This signifies the presence of high bearish pressure and a possible price decline in the coming days.
Pomerdoge (POMD) Gains Massive Traction from Investors
Pomerdoge is building a play-to-earn (P2E) ecosystem, aiming to bridge the gap between crypto and blockchain gaming. Areas of this ecosystem include an enticing game called Pomergame, an exclusive NFT marketplace named Pomerplace, and a diverse array of NFT collections.
Industry experts are bullish on Pomerdoge. They believe it will dominate the crypto sector due to its practical applications and the potential of the growing play-to-earn sector. According to a report by MarketsandMarkets, the global blockchain gaming sector is projected to be worth $65.7 billion by 2027.
Consequently, Pomerdoge’s primary objective is to ride on this immense growth. The platform’s credibility is bolstered by audits conducted by Cyberscope and SolidProof. This highlights the project’s commitment to safeguarding users’ assets.
The native token, $POMD, is currently available for purchase at $0.0115. This token offers a myriad of advantages, such as access to NFTs, rewards, and exclusive marketplace items. Analysts predict that Pomerdoge’s price could surge to $0.35 by the close of 2023.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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