In this article, we’ll dive into the price forecasts for three prominent cryptocurrencies – Polkadot (DOT), Aave (AAVE), and Pomerdoge (POMD). These tokens represent different facets of the crypto landscape, each with unique features and growth potential. Let’s explore what the experts and market trends suggest for these assets in August.
Summary
- Polkadot price prediction
- Aave continues its downward trajectory
- Pomerdoge set to pump by 100%
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Polkadot (DOT): Unable To Shake Off Bears
Polkadot (DOT) has been steadily making its mark in the blockchain space. With its innovative interoperability features, Polkadot aims to bridge different blockchains and enable seamless data sharing. However, in recent times, DOT has faced price fluctuations, reflecting the broader market sentiment. In fact, the Polkadot price has dropped by 5.2% in the past month alone.
Analysts predict that August could see Polkadot continuing this downtrend. They point to the fact that its moving averages and technical indicators display strong sell signals. Moreover, the trading volume of Polkadot has fallen by 16% overnight, plunging to $73,826,146.
Additionally, the Polkadot crypto trades hands at $4.99 with a market cap of $6.1B, down 0.94% in the past day alone. Therefore, market analysts forecast a $4.60 price point for Polkadot by the end of August.
Aave (AAVE): Price Analysis
Aave (AAVE), a leading DeFi protocol, enables users to lend, borrow, and earn interest on various cryptocurrencies. But, the Aave crypto has faced challenges recently as fear of exposure to the CRV token grows. As a matter of fact, the Aave price fell by 13.6% over the last 30 days.
The Aave community is now voting on two proposals that would make it impossible to borrow CRV on Ethereum and Polygon V3 and would lower the CRV liquidation threshold. Currently, the Aave price sits at $66.21 with a market cap of $981M, a fall of 3.37% overnight.
Also, its trading volume decreased by 10.56% in that same time, sinking to $70,981,039. With all technical indicators in the red for Aave, analysts predict a drop to its support level of $64.90 in August.
Pomerdoge (POMD): Showing Bullish Signs
While Polkadot and Aave continue struggling, Pomerdoge (POMD) brings a unique gaming experience to its community. With its focus on play-to-earn mechanics and an engaging Pomer universe, Pomerdoge has garnered attention with its Pomergame. But that is not all; we must also mention the Pomerplace marketplace and its 7,777 NFT collection.
POMERDOGE PRICE INCREASING!
What can we say #pomercrew! We started presale just over two weeks ago and have already raised almost $750,000!
The price will increase to $0.009 on Thursday the 17th of August at 19:00 UTC
In the coming days (a week or two) we will be showing you… pic.twitter.com/uCvahatIgN
— Pomerdoge (@pomerdoge) August 13, 2023
The Pomerplace marketplace is the vibrant hub where Pomerdoge enthusiasts gather to buy, sell, and trade valuable items collected within the Pomerdoge gaming universe. Whether you want to enhance your character’s appearance, acquire rare items, or simply connect with fellow players, the Pomerplace marketplace provides everything.
Another key point is the 7,777 Pomerdoge NFT collection, which is only available to POMD token holders. While the exact benefits of owning these NFTs remain shrouded in anticipation, their limited availability and the tie to the Pomerdoge ecosystem have piqued the curiosity of individuals.
As the gaming ecosystem develops and the project gains further traction, August could be an exciting period for POMD enthusiasts. In fact, those who purchased the POMD token early on are now enjoying a 14% ROI. One POMD token is currently worth $0.008 as it is in Phase One of its presale. But, demand is high, and analysts predict a 100% rise in its value in August.
Find out more about the Pomerdoge (POMD) Presale Today
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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