ApeCoin (APE) and Floki Inu (FLOKI) suffer from price loss due to bearish sentiments. Fortunately, Pomerdoge strengthens its bullish pattern.
- ApeCoin (APE) lost 10.92% in the last seven days.
- Floki Inu (FLOKI) lost 21.09% in a month.
- Pomerdoge (POMD) is expected to grow by 4,000%.
ApeCoin (APE) Falls Below the $1.70 Support Level
ApeCoin (APE) is trading below the support level after losing 28.30% in a month. The token’s price is $1.42, at press time. The market cap is $4.56 million, while there’s a 32.31% increase in trading volume. ApeCoin (APE) stays low despite bullish investors rallying for a price rise.
Technical data shows that ApeCoin’s (APE) RSI attempted a reversal but couldn’t succeed. The index is back in the oversold zone. Furthermore, selling pressure is due to bearish sentiment. Together, these factors affect ApeCoin’s (APE) price movement.
In other news, ApeCoin (APE) saw whale action, where $3.09 million was spent on 1.51 million tokens. The transaction took place on the Binance exchange. However, data from Santiment shows that ApeCoin (APE) investors faced losses with the MVRV (Market Value to Realized Value) ratio falling by 15.90% for monthly holders.
Experts say ApeCoin (APE) is in a crucial position with uncertain market conditions. The token’s price may bounce back if Bitcoin performs well, and crosses the $28K mark in the coming days.
Scammers Target Floki Inu (FLOKI) – The Team Posts an Update
The increase in social engagement for Floki Inu (FLOKI) has allowed scammers to target innocent users. Moreover, many scam groups have been posting about airdropping Floki Inu (FLOKI) tokens. However, Floki Inu (FLOKI) posted from the official handle to alert the community about scammers. The post said they would never ask users to connect their wallets for airdrop. The Floki Inu (FLOKI) team also urged the community to report scammers.
On a positive note, the AIDOGE launchpad has integrated with Floki Inu (FLOKI) Locker. This move will boost the adoption of FlokiFi Lockers in the crypto market. While it is a welcome development, Floki Inu’s (FLOKI) price is yet to benefit from it.
The token is priced at $0.00001739 at press time, after losing 1.36% in the last 24 hours. The market cap, and trading volume are also down. However, Floki Inu (FLOKI) managed to cross the $0.0001763 mark a few times. Though the price is down, the Floki Inu (FLOKI) team promises things will get better soon.
Pomerdoge’s (POMD) Price to Grow by 4,000% in the Bullish Rally
Pomerdoge is a P2E gaming platform that will offer users an opportunity to connect with each other. It aims to dethrone popular meme coins like Dogecoin, Shiba Inu, and Pepe. Data shows the blockchain gaming industry grew by 2,000% in the past year (compared to data from Q1 2022). In such instances, the platform will be a promising investment in the crypto market.
Furthermore, it will offer a percentage of its revenue as earnings to token holders. Pomerdoge ecosystem will have Pomerplace, Pomergame, and a collection of 7,777 NFTs priced at 0.2 ETH each. Users can also win exciting rewards, and increase their earnings through the ecosystem.
Moreover, POMD is priced at just $0.0165. The token’s price is moving upward, and is expected to rally by 17x. Additionally, token holders can stake their share to earn a fixed APR of 10%, while VIP holders can earn 15% APR. There’s no buy or sell tax either.