The dynamism of the cryptocurrency market has been brought to the spotlight once again. VeChain (VET) and Aptos (APT) tokens are currently facing a weekly decline. In contrast, Pomerdoge (POMD) has emerged as a standout performer, rewarding its early investors with notable returns. In this article, we will consider the factors pushing POMD higher while VET and APT decline.
Weekly decline continues despite VeChain (VET) adoption drive
VeChain (VET) is popularly known for its revolutionary blockchain in supply management. The VeChain network is currently being explored as a potential solution to improve supply in the food industry.
According to a recent report, VeChain will be used to solve food fraud, track food products, food safety, and sustainability. Despite what is a major milestone for VeChain, the price of VET tokens remains down on the weekly chart.
In the last seven days, the price of VeChain has dropped by 8%. VeChain now trades at $0.01787, dropping by more than 11% over the last three weeks. VeChain would need significant bullish momentum to avoid dropping below the $0.01700 support level.
Fear of sell-off forces Aptos (APT) decline
Aptos (APT) is another altcoin that has been struggling with the weekly timeframe. In the last seven days, the price of Aptos has declined by more than 5%, bringing its losses in the last three weeks to 9.2%.
The price decline from Aptos stems from growing fears over a massive sell-off after its next major token unlock. On Friday, more than 4.5 million APT tokens, worth approximately $30 million, will be unlocked and distributed to community members.
With the price of Aptos already facing declines, there is the fear of a huge sell-off erupting from Friday. At the time of this writing, Aptos trades at $6.73 per token and, in the case of a sell-off, could look to drop to the $6.00 support level.
Early Pomerdoge (POMD) investors reap solid returns
Amidst the price decline faced by Aptos and VeChain, Pomerdoge (POMD) stands out in the crypto market with its recent bullish performance. With Pomerdoge on an upward trajectory, early investors stand to reap the most returns.
Pomerdoge has been building momentum as the first game to bridge the blockchain play-to-earn (P2E) space with meme coins. The immersive gaming experience of the game, which features meme coin-inspired avatars, has captured the attention of many gamers.
#Pomercrew we would like to announce that we now have a referral system in place.
For everyone you refer you will receive a 10% additional bonus for life on the lifetime transactions of your referee.
Your referee will also earn a 10% additional bonus on their first order.… pic.twitter.com/0KTrzhWkhc
— Pomerdoge (@pomerdoge) August 7, 2023
By fusing entertainment and financial opportunity via its massive contests and competitions, Pomerdoge has been crowned the meme coin of the year. As such, its native utility token, POMD, has been projected to outperform the crypto market.
Pomerdoge now trades at $0.007, with projections to reach highs of $0.35 by the end of the year. This projection means that early investors in Pomerdoge could reap returns of up to 5,000% when POMD trades as high as $0.35 per token.
Find out more about the Pomerdoge (POMD) presale today:-
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