The crypto market has taken a downturn in recent months. Thus, several long-standing cryptocurrencies like Avalanche (AVAX) and Polkadot (DOT) are struggling to stay afloat.
However, a new project, Pomerdoge, has stirred the crypto world with its historic growth run. It has raised over $1.38 million during its ongoing presale stage 1.
Summary
- Almost all Avalanche (AVAX) holders are suffering losses at the current price.
- Polkadot (DOT) has witnessed a drop in its adoption, and use.
- Early Pomerdoge investors can earn a 40x profit by the end of 2023.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
99.5% Of Avalanche (AVAX) Holders Are In Loss
The recent market conditions have turned out to be unfavorable for Avalanche (AVAX). The data from IntoTheBlock shows that 99.5% of Avalanche (AVAX) holders are suffering losses on their holdings. Avalanche (AVAX) has tumbled in other growth metrics too.
As per DeFiLlama’s report, the total value locked (TVL) of Avalanche (AVAX) has declined by 18.55% over the past month. These bearish events are well reflected in the price movement of Avalanche (AVAX). The current trading price of Avalanche (AVAX) is $10.10, following a drop of more than 25% in the last 30 days.
Polkadot (DOT) Suffers A Drop In TVL
Polkadot (DOT) has been actively involved in enhancing its ecosystem. The latest weekly report by Polkadot (DOT) has highlighted that the blockchain processed an average of 6900 transactions during the last week. Besides, Polkadot (DOT) recorded about 3600 active users on average.
However, analysts have raised concerns over the declining total value locked (TVL) of Polkadot (DOT). The data from DeFiLlama has revealed that Polkadot’s (DOT) TVL had gone below the 4,100k mark during the same period. Subsequently, Polkadot’s (DOT) trading price has plunged by 9% in the past seven days. Thus, Polkadot (DOT) is currently hovering at $4.41.
Pomerdoge (POMD) Presale Growth Mesmerizes Investors
The play-to-earn (P2E) blockchain gaming market is still in its nascent stage. But it has seen significant growth in recent years. As per a report, this sector can grow at a CAGR of 21.3% to reach $3,618.4 million by 2028. Now, the entry of a new P2E meme coin, Pomerdoge, has disrupted and revolutionized the industry.
Take a look at our current competition within our telegram group where 3 users will each win $5,000 each in POMD tokenshttps://t.co/B9zhnIQa6C
Be there or be square pic.twitter.com/iw2BMK01Wt
— Pomerdoge (@pomerdoge) August 23, 2023
The project has planned to launch a new blockchain game, Pomergame. The game will allow players to earn while playing. Additionally, players will be able to generate their own avatars, and create custom in-game items to enhance their characters. Moreover, the players can also sell their in-game assets at Pomerplace if they get a gold-status Pomer.
Pomerplace is a battle arena-cum-marketplace. It enables gamers to execute buying, selling, or trading of in-game assets, and also allows players to battle against other members using their Pomerdoge. A launch of 7,777 NFTs during the presale is also in the project’s pipeline. But to purchase these NFTs, you need to be a POMD holder.
The platform’s token smart contract has undergone two audits: one by Solid Proof and another by Cyber Scope. Besides, the platform will keep its liquidity pool locked for life to maintain the stability of the platform. At present, POMD’s presale is in stage 1, and the token’s price has surged from $0.007 to $0.008. As per analysts, the market value of POMD tokens will pump by 1,700% during the presale phase, and 4,000% by the end of 2023.
Find out more about the Pomerdoge (POMD) Presale Today
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
