Binance (BNB) and Dogecoin (DOGE) Succumb To Selling Pressure While Pomerdoge (POMD) Makes Market Bulls Run
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Pomerdoge is a new project that has shown immense growth in its initial weeks. Experts believe it to grow by 4,000% by the end of this year.
On the other hand, projects like Binance (BNB) and Dogecoin (DOGE) have failed to see an uptick in their value.
- After facing criticism, Binance (BNB) has stopped P2P payments for sanctioned Russian banks.
- Bearish sentiments around Dogecoin (DOGE) have become 10% stronger.
- Pomerdoge’s value can rise by 4,000% in 2023.
Binance (BNB) Follows International Sanctions Against Russia
Amid the increasing regulatory pressure, Binance (BNB) has decided to end P2P (peer-to-peer) payments support for five sanctioned Russian banks. Binance (BNB) has taken this decision after facing severe criticism for its indifference towards the international sanctions against Russia.
For the past many months, Binance (BNB) has been trapped in troubled waters. The SEC’s lawsuit against Binance has caused a severe erosion in the market capitalization of BNB. The market capitalization of the fourth-largest cryptocurrency, Binance (BNB), has dropped by $15 billion over the last two months.
Meanwhile, the market value of Binance (BNB) has dipped 11% on the weekly chart. Thus, Binance’s (BNB) current trading price has come down to $217.50.
Bears Make Their Grip On Dogecoin (DOGE) Stronger
Barring X’s CEO, Elon Musk, nothing seems to be favoring Dogecoin (DOGE) at present. As per the latest data from Santiment, the supply of Dogecoin (DOGE) on exchanges has increased in recent weeks. This indicates that investors are willing to shed their Dogecoin tokens, as they fear DOGE can slide further.
In the last month, Dogecoin’s (DOGE) market value has plummeted by around 19%. Therefore, Dogecoin’s (DOGE) trading price has fallen to $0.0629. Moreover, LunarCrush’s data has shown that bearish sentiments around Dogecoin (DOGE) have increased by around 10% in the past three months. Thus, it can aggravate the condition of Dogecoin (DOGE).
Pomerdoge (POMD) Presale Rules The Crypto World
Pomerdoge’s presale has become a new market sensation. To date, it has sold more than 180 million POMD tokens, and over $4.8 million have been raised. Thus, it indicates a massive demand for this new project. It is a P2E (play-to-earn) Web3 project that is likely to surpass Shiba Inu and Dogecoin in growth soon. As per a market report, the global P2E (play-to-earn) gaming industry’s size can sail at a CAGR of more than 21% in the next five years.
It is ready to launch a P2E game, called Pomergame, in Q4 2023. It will empower players to go to battles and earn rewards and money. Besides, they can create customized in-game items to upgrade their avatars. The players will be able to trade their in-game assets with other gamers in the community.
The platform will also launch 7,777 non-fungible tokens (NFTs). But, only POMD holders will be allowed to buy and own these NFTs. Its ecosystem is run by POMD tokens, and will offer a wide range of benefits. Its users can also stake tokens to yield extra income.
The first stage of the Pomerdoge presale is selling out quickly, and the value of a token has skyrocketed by around 120%, from $0.007 to $0.0165, within a few days. As per market pundits, the token’s market value can pump by 1,700% during the presale round. After the end of the presale round, the platform will enlist the tokens on Uniswap.