September 16th, 2023 at 10:15 am UTC · 3 min read
In the dynamic crypto landscape characterized by rapid price fluctuations, Axie Infinity (AXS) and Theta Network (THETA) have encountered intense waves of selling pressure. Meanwhile, Pomerdoge (POMD), a gem in the P2E and meme sector, is experiencing overwhelming presale participation, raising nearly $4 million. This article will delve into the factors influencing these shifts in Axie Infinity and Theta Network, including the noteworthy performance of Pomerdoge.
Axie Infinity (AXS) is a blockchain-based play-to-earn (P2E) game. It allows players to collect, breed, raise, battle, and trade token-based creatures (Axies).
Regarding the Axies in Axie Infinity, they can take on various forms or combinations of body parts, including aquatic, beast, bug, bird, plant, etc. Further, each Axie within the Axie Infinity game can be used or sold on the marketplace.
While Axie Infinity has been a darling in the gaming world and the crypto space, it has experienced a notable decline. Its considerable selling pressure could be attributed to concerns over its growth potential as well as broader market sentiments. Nevertheless, investors are keenly watching for indicators pointing to bullish reversals.
Theta Network (THETA) is a blockchain-powered network whose value proposition revolves around video streaming. Since its launch in 2019, it has transformed the video streaming industry. Notably, Theta Network has soared to become the 54th largest token by market capitalization.
Operating as a decentralized network, Theta Network allows users to share bandwidth and computing resources on a P2P (peer-to-peer) basis. At the heart of this innovative concept is the THETA token, which performs various governance tasks within the network.
However, Theta Network is another token currently navigating a period of selling pressure. This trend might be linked to profit-taking among investors and traders. Nevertheless, its solid fundamentals will play a key role in its rebound, which appears imminent.
Pomerdoge has emerged as a token to watch out for in light of its solid fundamentals, vibrant ecosystem, and explosive growth potential. As a blend between meme and tangible utility, Pomerdoge appeals to enthusiasts and investors across the crypto landscape. As a result, over $3.7 million has been raised, with more to come, a testament to its unique value proposition and soaring popularity.
Its vibrant ecosystem will comprise an exciting P2E game, a gaming marketplace and arena, and an NFT collection. Its upcoming Web3 game aims to connect players from across the globe. It will ensure interaction and a fun gaming experience while players earn rewards.
Further, items collected while playing the game can be traded in “Pomerplace,” a combination of a marketplace and a gaming arena. This will improve the passive earnings of gamers in addition to the significant returns to be made from holding the token.
Within its gaming arena, players can battle against others, with the winners taking it all. Additionally, its NFT collection comprises 7,777 NFTs available only to token holders.
Meanwhile, the ongoing POMD token presale comes with a world of benefits. The token is currently priced at $0.0165, which analysts and experts forecast will rally by 20x. Hence, it represents a promising investment and one not to be missed.
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