The cryptocurrency market is growing at an incredible pace, with new exciting projects emerging every day. Pomerdoge emerged as a remarkable token in 2023, surpassing established giants like Hedera (HBAR) and dYdX (DYDX). Besides, investors have been stacking large amounts of Pomerdoge tokens due to their features and utility.
Hedera (HBAR) Plunges 13% on the Weekly Chart
According to Token Unlocks, the Hedera network will unlock 1.15 billion HBAR tokens on September 1st. This massive token unlock has turned the Hedera price bearish. Additionally, there has been a noteworthy decline in open interest rates for HBAR over the last five days.
Open interest rates have plummeted from $27 million to $21 million in the last week of August. This significant drop serves as a clear indicator of diminishing demand for HBAR within the futures market.
The result of these events has seen the HBAR price continually decline. The Hedera price has fallen below all moving averages, signaling increased bearish sentiment. However, the RSI value is at 39.42, which indicates that the Hedera market is in a neutral position.
dYdX (DYDX) Bearish Ahead of Token Unlock
dYdX token is a governance token for the dYdX exchange protocol. Meanwhile, the dYdX Foundation will be releasing over 13.9 million tokens on September 26th. The dYdX crypto has been bullish in the past year and month, showing gains of 41.6% and 9.1%, respectively.
However, the dYdX price has been able to hold above the $2.12 support. Due to the recent bearish sentiment, the dYdX coin has dropped to the $2.15 price level. But there is an event that could turn things around for the crypto.
100% of the community has voted in favor of a move to adopt open-source software V4 for the dYdX exchange. This adoption could be a bullish catalyst for the token in the weeks.
Pomerdoge (POMD) Sells 70 Million Tokens in a Week
Amidst the crypto market’s bearish trend, Pomerdoge’s (POMD) token presale stands out as a beacon of hope. Over the past couple of weeks, investors have fervently stuck up more than 70 million Pomerdoge tokens. This surge in Pomerdoge tokens follows a price jump to $0.01. Notably, the token is trading at $0.0115 and is anticipated to be 10x this year.
This price surge potential has attracted investors from across the crypto space. Interestingly, Pomerdoge has gained favor among crypto experts with its goal to fuse the meme coins and the play-to-earn (P2E) sector. The platform is constructing an ecosystem that marries meme coins with the rapidly expanding P2E sector.
It plans to launch a game called the Pomergame, an NFT marketplace known as the Pomerplace, and various NFT collections. Additionally, Pomergame has promised enticing prizes for participants and will allow users to sell in-game items on Pomerplace.
Pomerdoge intends to host weekly contests and competitions with rewards reaching up to $100,000. Analysts have predicted the project to dominate the P2E landscape. This bullish sentiment has led crypto experts to project that POMD could reach a high of $0.35 by December.
Find out more about the Pomerdoge (POMD) Presale Today:
Telegram Community: https://t.me/pomerdoge