The cryptocurrency market is pulling a remarkable turnaround from the recent market decline. In this article, we will look at the performance of the crypto market and spotlight two standout coins, Binance Coin (BNB) and Pomerdoge (POMD). Also, we will find out why they are at the forefront of the market’s impressive rebound.
BNB Leads Market After Recovery From 1-Year Low
BNB (Binance coin), the utility token affiliated with the crypto exchange Binance, fell to its lowest in one year amidst the recent downtrend. Severe regulations upon Binance especially from the U.S., further increased pressure on the BNB coin.
The significant drop in the price of BNB over the last few weeks brought the token to the $204 level. This is the weakest BNB has ever faced since the Crypto market crash of June 2022. However, on Monday this week, the BNB chain development team liquidated a portion of their outstanding debts, valued at $30 million.
The fund was transferred to the BNB chain wallet to help ease the risk of total liquidation of assets held by their customers. As a result, there has been a shift in the BNB price into the bullish territory and it is one of the best-performing assets.
In addition, BNB Chain is preparing to launch opBNB as it celebrates its three-year anniversary. opBNB is a high-performance layer 2 solution for the BNB chain. This launch would cause the price of BNB to increase further.
Investors Turn To Pomerdoge (POMD) To Ease Losses
Pomerdoge (POMD) a new play-to-earn game is set on revolutionizing the whole idea of P2E, with real-world applications transcending beyond the blockchain gaming industry. A major distinction that separates Pomerdoge from its meme coin counterparts Dogecoin, Shiba Inu, and Pepe is utility.
Take a look at our current competition within our telegram group where 3 users will each win $5,000 each in POMD tokenshttps://t.co/B9zhnIQa6C
Be there or be square pic.twitter.com/iw2BMK01Wt
— Pomerdoge (@pomerdoge) August 23, 2023
Pomerdoge gives gamers the ability for players within the gaming platform to earn real money as they play the game. In addition to in-game rewards, Pomerdoge offers players the ability to make and sell custom items and avatars within a designated marketplace known as Pomerplace.
In the Pomerplace, the network’s utility tokens known as POMD, are exchanged for purchased items. Pomerdoge will also be hosting weekly giveaways and tournaments where global players compete against others in custom-built arenas, for prizes reaching up to $100,000.
Currently, the Pomerdoge team is in the process of launching 7,777 unique collectibles as NFTs to its users. These unique NFTs can only be assessed by those who hold Pomerdoge tokens from its presale.
As a result, the Pomerdoge presale is quickly gaining world recognition even though it is still at its beta stage. Currently valued at $0.009 per token, crypto experts have predicted to see a massive surge of up to 20x for the POMD before the end of the year.
Find out more about the Pomerdoge (POMD) Presale Today: