Axie Infinity (AXS) and Floki (FLOKI), two major giants in the crypto space, have experienced significant drops. This has prompted many to focus on a new Pomerdoge (POMD) project.
Axie Infinity (AXS) Drops Out of Top 50
Despite being the leading metaverse project, the Axie Infinity token has experienced a dramatic fall lately. According to CoinMarketCap, Axie Infinity game has dropped out of the top 50 crypto market rankings.
At the height of the Metaverse boom in 2021, the Axie Infinity marketplace boasted a staggering market capitalization of $9.6 billion. However, its valuation has plummeted by over 94%, dwindling to a mere $612 million by September 11, 2023.
Recent reports have shown that over 99% of all Axie Infinity addresses are in losses. Meanwhile, Axie Infinity is trading at $4.35, a steep decline from its ATH at $165. As a result of these setbacks, users are swiftly abandoning the play-to-earn (P2E) gaming platform in favour of more promising alternatives like Pomerdoge.
Can Floki (FLOKI) Recover From Its Bearish Trajectory?
The Floki Inu ecosystem, a comprehensive web3 venture encompassing defi, NFTs, and the Metaverse, has seen commendable growth in early 2023. However, Floki’s price is on a downward slide despite this growth, breaking through multiple demand thresholds.
According to CoinMarketCap, the Floki Inu price soared 25% on September 8th, recording an intra-day high of $0.0000199. However, its price has dropped today, September 11th, to $0.00001667 despite an increase in the Floki Inu burn.
Meanwhile, Floki still has over 12 of its proposed 18 updates to undergo this year. FLOKI locker is its next update and also the first major upgrade of this year. As a result, analysts are forecasting a price surge to $0.0000687 by the end of 2023.
Pomerdoge (POMD) Sells Out 50% of Tokens
Pomerdoge’s successful presale has attracted several bullish adherents from across the crypto sphere. The token has sold over 268 million tokens and raised over $3.7 million in funding. As a result, market experts anticipate a potential 3,500% rally for $POMD, Pomerdoge’s native token, in the coming weeks.
Pomerdoge is a play-to-earn game that combines meme coin economics with the Pomergame. This will offer over 3 billion global video gamers a platform to network and earn. Players can sell items in the Pomerplace as they earn rewards and prizes.
Additionally, the protocol will launch a collection of 7,777 unique NFTs in September. However, their function remains undisclosed but has generated high bullish sentiment. The NFT will be priced at 0.2 ETH each.
Furthermore, the NFT collection will have three tiers: Legendary (300), Rare (977), and Common (6500). Currently, Pomerdoge’s has over 50% of the tokens sold out. Currently, Pomerdoge is trading at $0.014, with analysts predicting a price surge to $0.0165 by the end of September.
Find out more about the Pomerdoge (POMD) Presale Today:
Telegram Community: https://t.me/pomerdoge
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