Stepn recovers after NFT airdrop, Chiliz prepares for major update, Pomerdoge raises excitement in P2E gaming

In the fast-paced and ever-evolving world of crypto, it’s easy to miss major events from top projects. In this crypto news roundup, we’ll explore three noteworthy events that have captured the attention of investors alike: Stepn’s remarkable recovery following an NFT airdrop, Chiliz’s preparations for a major update, and the growing excitement surrounding Pomerdoge (POMD) in P2E gaming. 

Stepn (GMT) Price Recovers After NFT Airdrop

Stepn is the leading move-to-earn crypto, combining features of a play-to-earn game with a fitness app. The project saw massive gains in early 2023 as users trooped into the project to earn GMT tokens for walking and burning energy.

However, the use of the Stepn marketplace slowly declined, causing the GMT price to drop. As a result, the Stepn coin has declined since February. However, the Stepn price has found some respite today after finding a bottom at the $0.15 level.

The bullish bounce for the Stepn token came after the recent Genesis Sneaker airdrop event. The Stepn NFTs were airdropped 200 “energy burners.” Following the announcement, the token’s price increased to the $0.17000 resistance before steadying around $0.16500. 

Chiliz Prepares for Major Update: Will CHZ Soar?

The leading crypto for fan tokens, Chiliz (CHZ), is currently in an expansion phase. According to its latest announcement, the Chiliz network is working toward integrating into some major crypto exchanges, including Binance.

The move is part of the Chiliz mainnet 2.0 and looks to unlock a wave of new liquidity into the Chiliz crypto. Following the announcement, the MVRV ratio of the Chiliz coin bounced back from its bottom range. 

The increasing MVRV ratio of CHZ confirms there has been significant accumulation in the last few days. As a result, crypto experts have predicted that there could be an increase in the price of the Chiliz token into more profitable areas for investors who bought at recent lows.

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Pomerdoge (POMD) Raises Exictement in the P2E Gaming Space

Pomerdoge (POMD) is gaining popularity among play-to-earn (P2E) gamers because of its social infrastructure. Like traditional P2E games, gamers will be able to earn rewards for their time playing the Pomerdoge game but will also be able to connect and share moments with other gamers.

A primary objective of the Pomerdoge initiative revolves around fostering global connections among players. Additionally, this ecosystem will feature Pomerplace – a marketplace that facilitates users in trading their collectibles. Furthermore, Pomerplace will function as a battle arena for gamers.

In terms of security, SolidProof and Cyberscope have run a comprehensive audit of the platform. This confirms its status as a secure investment prospect. The team has also taken steps to prevent a rug pull or massive sell-off. It will lock its liquidity and team tokens, ensuring utmost safety. 

While in presale, the Pomerdoge game has piqued the interest of investors, raising almost $2 million as a result. Now trading at $0.01, its utility token, POMD, presents a great opportunity for investors to join the next big thing in P2E gaming.

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Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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