Given the bearish nature of the crypto market, investors are currently leaving top tokens for recovery. While the likes of Binance Coin (BNB) and KuCoin (KCS) drop, investors are going for new underdogs like Pomerdoge (POMD) which has shown a bullish price trajectory.
BNB (BNB) Suffers Selling Pressure As Lawsuits Pile
BNB (BNB) is gradually losing its spotlight and status as a favored choice among investors. The selling pressure surrounding BNB has surged in recent periods due to the lingering effects of the SEC’s lawsuit. Nonetheless, on Thursday, bullish momentum propelled BNB to reach a pinnacle of $216.39.
The native coin of Binance, a prominent cryptocurrency exchange, has now marked its third consecutive day of gains, countering the prevailing bearish sentiment. The price of BNB coin has plunged 1.67% in the last 24 hours to $215.67 as bears regain control.
Coincodex has forecasted BNB to trade at $241.92 before the end of August. Despite the lawsuits facing Binance, it continues to expand into new regions. The firm recently launched Binance Pay in Brazil a few days ago.
KuCoin (KCS) Price Down Despite Increase in Trading Volume
Similarly, the bearish crypto market has not spared the KuCoin exchange token, KCS, in the past few months. KuCoin started the month of August trading at $5.83. Unfortunately, its price has dipped in the past few days as bearish pressure pushed it below the $5 mark.
According to data from CoinMarketCap, the KuCoin price stands at showing huge losses in the weekly timeframe recording losses of 6.72%. Currently, the RSI value of the KCS coin is at 17.96, which indicates that the KuCoin market is in an oversold position.
The RSI indicator suggests that the price of KCS will decrease. Surprisingly, the trading volume of KuCoin has increased in the last 24 hours by 66.30%. Yet, this has not affected the price of the KuCoin token positively.
Why Pomerdoge (POMD) Offers a Better Investment Choice
Pomerdoge (POMD) is an upcoming project that will transform the crypto and P2E gaming ecosystem. It has already captured the attention of investors seeking diversification opportunities.
Pomerdoge is on a mission to outshine its memecoin counterparts, including Pepecoin, Dogecoin, and Shiba Inu. Interestingly, statistics reveal that 22% of gamers dedicate a significant 61-80% of their time to online multiplayer games.
This means that Pomerdoge’s exposure to the gaming space will give it an upper hand over other meme coins. Users will be able to connect with fellow players on a global scale, blending social interaction and competitive gaming.
Additionally, players can use the in-game currency, POMD, to purchase NFTs and unlock rewards. Furthermore, gamers can fashion personalized in-game items by elevating their characters to elite status.
Pomerdoge is currently at the first phase of its presale and is available at $0.009 per token. This presents an opportune moment for investors who aspire to capitalize on remarkable returns. Notably, early participants in the presale stand to benefit from advantageous perks, including a stake in the game’s revenues.
Find out more about the Pomerdoge (POMD) Presale Today:
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