Hedera (HBAR), Sui (SUI) Experiencing a Downtrend Ahead of Token Unlock While Pomerdoge (POMD) Continues Surge
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The crypto market is highly volatile, with the bear and bull markets experienced constantly. Hedera (HBAR) and Sui (SUI) have been in the bear market for some time with investors searching for alternative projects with high ROI. Meanwhile, more investors are joining the Pomerdoge (POMD) project to benefit from the projected future price increase.
Bear Market for Hedera (HBAR) Ahead of Scheduled Token Unlock
Hedera (HBAR) price has been declining over the past week as the scheduled token unlock draws closer. Hedera will conduct a token-unlocking event by September 1st, where 1.5 billion HBAR tokens will be released into circulation. The next token unlock will represent an addition of 3.48% of HBAR tokens which will be added to the current ones in circulation.
Meanwhile, Hedera has been experiencing a downtrend in the past few days. The token price has dropped by 13% in the last 7 days. The trading activity is also down as more investors search for alternative projects that guarantee profits.
Meanwhile, crypto analysts are optimistic of a resurgence soon. The token has battled to break the $0.060 resistance level, which, if it happens, could lead to a rally soon. According to Bitnation, a crypto forecast platform, Hedera will trade at an average price of $0.08 before the end of the year. These suggest that there is a possibility of a resurgence soon, which could lead to a rally.
Sui (SUI) Set To Release 1 Million Tokens to Its Circulating Supply
By August 31st, Sui (SUI) will release about a million SUI tokens worth over $500,000 into the market supply. The tokens earmarked for release are those tokens owned by early investors that have been previously locked out.
Meanwhile, the news of the scheduled token unlocking doesn't have a positive effect on the price trend of Sui. This is because the token is experiencing a downturn with no sign of resurgence in sight.
Sui token price has fallen by 17% in the last 30 days, with the trading volume dropping in the process. Sui witnessed its all-time high of $2.16 on May 3rd, 2023. Experts are hopeful that the token will trade above $1 before the end of the year. However, the full picture will unfold in the coming days after the unlocking event.
Pomerdoge (POMD) Surges in Presale As the Project’s P2E Innovation Attracts Investors
Pomerdoge (POMD) has seen a significant rise in the number of investors joining the project. These investors, possibly from Hedera and Sui projects, have found the Pomerdoge project as a good alternative investment. This can be attributed to the high potential of the POMD token as well as Pomerdoge's innovative P2E gaming strategy.
Once launched, Pomerdoge will be an immersive play-to-earn (P2E) platform that allows individuals to play games and earn from their fun, transact Blockchain assets, connect, and network.
Still in its presale phase, Pomerdoge is open for presale investors to buy into the project, earn exclusive benefits, and position themselves for exponential growth. One of the benefits is that presale investors will have exclusive access to 7,777 NFT collections on the platform. Also, presale investors will earn a share of the revenue generated from the Pomerdoge gaming platform (Pomergame).
To join as a presale investor, simply buy the POMD token at only $0.0115. Buying the token now will position you to reap from the projected 50x price increase of the POMD token before the end of the year. That's why early investment in crypto assets is where significant gains are made.
The Pomerdoge project has passed an audit from SolidProof and Cyberscope. Also, the token's liquidity will be locked for life to ensure the safety of Investors' assets. Conclusively, Pomerdoge has shown growth potential and it'll only be right to invest in the project now that its price is less than a cent.