10.8 C
Friday, September 29, 2023

Dogecoin (DOGE) And Solana (SOL) Move Downward While Pomerdoge (POMD) Presale Scores A Record High

Must read

Pomerdoge is a new crypto project that has captured all the attention with its high growth prospects. Its presale has become a massive success, as it has raised over $1.38 million in the first stage.

Meanwhile, Dogecoin (DOGE) and Solana (SOL) have not been able to stand strong under the current bearish conditions.

Dogecoin’s (DOGE) Proposed PoS Transition Creates Controversy

The entire Dogecoin (DOGE) community has become highly reactive over the latest proposal, which aims to help the meme coin switch to Proof-of-Stake (PoS). This controversy has also taken a toll on the network growth of Dogecoin (DOGE), as its circulation and development activity has plummeted.

Meanwhile, in the past seven days, the price of Dogecoin (DOGE) has dipped by 11%. As a result, Dogecoin’s (DOGE) current price is $0.0629. Now, Dogecoin’s pseudonymous lead developer, Mishaboar, has stated that he would quit the project if DOGE transitions to PoS.

According to Mishaboar, if Dogecoin (DOGE) switches to PoS, it could face regulatory and centralization issues.

Solana (SOL) Suffers A Drop In Transaction Volume

Solana (SOL) recently tried to take advantage of the downfall of Dogecoin (DOGE). A report from Messari revealed that the Solana (SOL) network was able to surpass the market capitalization of Dogecoin (DOGE). However, the situation lasted for a brief time, as Solana (SOL) lost its position to Dogecoin (DOGE) after a few hours.

Solana (SOL) has been suffering a continuous drop in its transaction volume for the past few weeks. Subsequently, Solana’s (SOL) market value has also tumbled by 17% in the past month. At press time, Solana (SOL) is changing hands at $20.56, and is currently in the 9th position by market capitalization.

Pomerdoge (POMD) Presale Becomes Hottest Investment Asset

The blockchain gaming market is predicted to cross $65 billion by 2027. Boosting this sector, an exciting and new play-to-earn (P2E) game has made its way into the crypto world. Pomerdoge’s unique business roadmap has stirred the crypto market, especially the blockchain gaming industry.

It is a P2E meme coin that will connect players from across the globe. It is built by an experienced team of developers. It can reach higher than Shiba Inu, Pepe, and Dogecoin soon. POMD is the native crypto of the ecosystem.

Pomerdoge’s ecosystem has three components – Pomergame, Pomerplace, and NFTs. Players can earn rewards and money by spending time within Pomergame. Besides, they can build and enhance their character through customized in-game items. Pomerplace allows players to buy, sell, or trade their customized in-game assets. Meanwhile, all POMD holders will get exclusive access to a collection of 7,777 NFTs, which the platform has proposed to release during the presale round.

Due to this enormous profitability, its presale has become hugely popular. It has already raised over $1 million, and more than 135 million POMD tokens are sold. Analysts opine that the platform’s market value can increase by 17% during the presale phase. Currently, the presale of POMD tokens is in stage 1, and a token is available to purchase at $0.009, which was initially $0.007.

More articles


Please enter your comment!
Please enter your name here

Latest article