In recent developments, Chainlink (LINK) plummets as the much anticipated $20 million airdop commences, while Hedera (HBAR) declines in anticipation of its token unlock. At the same time, Pomerdoge (POMD), the rave of the moment, stuns with impressive growth. This article will dive into the latest happenings in the crypto space and why Pomerdoge is one of the altcoins to watch in 2023.
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Chainlink (LINK): $20 Million Airdrop Results in Price Decline
Chainlink (LINK) is a popular Oracle network in the blockchain and crypto landscape. Having earned the status of a top pick in the DeFi space, it is one of the top altcoins in the market today. However, Chainlink is experiencing a downturn in price, which coincides with the commencement of its airdrop.
After the last bullish relief in the market, the ongoing Chainlink airdrop, worth approximately $20 million, increased supply, thereby dragging down the price. Moreover, it also inspired a sell-off among holders, contributing to its decline.
The airdrop is intended to reward the Chainlink community and incentivize on-chain participation. While the airdrop triggers increased market volatility and low sentiment, the token is expected to stabilize in the coming days.
Hedera (HBAR) Gears Up for Token Unlock
Hedera (HBAR) is a blockchain platform that seeks to provide fast and secure transactions. The platform allows individuals and businesses to create cutting-edge decentralized applications (dApps), making it a favorite.
In recent news, Hedera is planning a substantial token unlock—1.5 billion tokens worth approximately $65 million. According to reports, the token unlock is scheduled for September 1, which has the potential to impact market dynamics. Regarding distribution, the unlocked Hedera tokens will be allocated to governance, purchase agreements, and investment in the ecosystem and open-source development.
However, in anticipation of this milestone event, Hedera has been in decline. Hopefully, a significant rally will follow after its token unlock or in the coming days.
Pomerdoge (POMD): Rapid Growth Creates a Frenzy
In contrast to the dips experienced by Chainlink and Hedera for varying reasons, Pomerdoge (POMD) has taken the spotlight with a remarkable feat in its presale. Its explosive growth has captured the attention of investors and analysts alike, with almost $2 million raised in its presale.
Pomerdoge’s incredible surge can be attributed to its novel offerings and value propositions. Its unique blend of NFT, P2E, and meme has created a buzz in the crypto community, especially among enthusiasts. As a P2E platform, it will host an exciting game where players can network, compete, have fun, and earn rewards.
Further, there will be a gaming marketplace where items collected in-game can be traded. In addition to this, its NFT collection is another integral part of the ecosystem. This comprises 7,777 NFTs exclusive to token holders, which also come with several benefits.
Thanks to the above, the token has immense growth potential. According to top experts and analysts, POMD will soar by 50x in 2023, which makes it a compelling investment for 2023. Hence, it is a token not to be missed.
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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