September 8th, 2023 at 12:05 pm UTC · 3 min read
As cryptocurrency enthusiasts and investors closely watch the developments in the crypto market, Polygon (MATIC), ApeCoin (APE), and Pomerdoge (POMD) have taken center stage. In this article, we’ll delve into the upcoming technical upgrade of Polygon, the persistent struggles of ApeCoin, and the skyrocketing presale success of Pomerdoge.
Sandeep Nailwal, the founder of Polygon Labs, has announced that the project will be getting a major technical upgrade soon. As part of the upgrade, Nailwal says the Polygon token will be transformed into a “third-generation token”.
The upgrade is part of the network’s transition to Polygon 2.0 and will see MATIC rebranded as POL. The upgrade will come with several changes including better staking services. However, it has failed to positively affect the MATIC price.
Along with the rest of the crypto market, the price of Polygon is experiencing bullish pressure. Losing more than 5% of its value, the Polygon price stands at $0.5447. However, crypto experts believe the price of the token will be bullish in the long term.
Since hitting a high of $6.4 in January, the price of Apecoin (APE) has been on a descending trendline. Failing to hold at multiple supports, the ApeCoin has declined to as low as $1.40. However, the tumultuous times could still linger.
This is because the downward pressure experienced by the Apecoin price over the last two weeks has prevented any semblance of recovery. In addition, there is a major APE token unlock worth over $54 million happening in the next two weeks.
The on-going exodus of ApeCoin whales also supports further declines for the crypto. Investors are leaving the project as they are constantly faced with a lack of profit opportunities within the APE ecosystem.
While whales flee from the failing Apecoin, the presale of Pomerdoge (POMD) has piqued the interest of investors over its profitability. Amidst the recent market decline, the price of Pomerdoge increased to a new high of $0.01, with crypto analysts predicting more gains in September.
Pomerdoge is currently building a peer-to-peer crypto game with the goal of connecting players from around the world. Using its social infrastructure, gamers from around the world will be able to interact while earning rewards by engaging themselves in competitive and exciting gaming experiences.
The massive growth potential of the crypto gaming space gives Pomerdoge more room for growth than competing platforms. According to MarketsandMarkets, the worldwide blockchain gaming industry is expected to reach a remarkable $65.7 billion by 2027.
Clearly attracted by the potential of Pomerdoge, investors have stormed the presale of the project. As a result, the project has raised approximately $2 million in under two months. At this time, POMD trades at $0.0115 in its presale, with the potential of hitting $0.5 before the end of the year.
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