Following its recent gains inspired by Grayscale’s regulatory victory, the crypto market has slipped back into bearish territory. As a result, leading cryptocurrencies, Chainlink (LINK) and Hedera (HBAR) have experienced price declines. On the flipside, Pomerdoge (POMD) has garnered increasing interest from a fresh wave of investors.
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Can Chainlink (LINK) Beat the Bear Market After SWIFT Success
Along with the rest of the crypto market, the price of Chainlink (LINK) has been on a decline since July. The result of the bearish market has seen the Chainlink price drop to sub $6. However, things could change for the Chainlink coin.
SWIFT, a global interbank messaging network, has announced a successful tokenization experiment on the Chainlink network. Using the Chainlink blockchain, SWIFT was able to transfer tokens across multiple public and private blockchains.
With the interoperability of Chainlink putting it in competition with top rivals, experts are bullish about LINK. If the Chainlink crypto manages to recover the $6 support, the price of the altcoin could look to rally as high as $7.5 in September.
Hedera (HBAR) Price Still on the Low
After an impressive bullish performance in July and August, the Hedera price has yielded to bearish pressure. Along with the broader crypto market, the HBAR price has recently encountered similar losses in the just concluded Bearish market.
Looking at the weekly price chart, Hedera has been on a negative margin for consecutive candles. As a result, the price of Hedera has lost most of its gains from its previous rally. Despite the price drop, there has been an increased activity on the Hedera network.
There has been a surge in the transaction volume of Hedera, hinting at possible big players entering the market. We can therefore tie Hedera’s future price activity to how these major players perform in the coming days.
Pomerdoge (POMD) Sees New Wave of Investors
As many top cryptos face decline, more attention is now paid to new alternative means to maximize profit like Pomerdoge (POMD). Pomerdoge starts out as a meme coin, but unlike Dogecoin, Shiba Inu, and Pepe, goes a step further to build a gaming ecosystem.
In the Pomerdoge game (Pomergame), players will compete in arenas and get rewards from every gameplay in real-time. The avatars and characters (Pomers) in the Pomergame are completely customizable by players and are inspired by popular meme coins.
These rewards can easily be exchanged at Pomerdoge’s marketplace known as Pomerplace. A place where players can buy and sell custom-designed items, as well as avatars. Early investors in the project will be able to have access to its unique 7,777 collectibles.
The addition of utility to a meme coin concept is what makes crypto experts bullish about the project and why investors are so interested. Now in presale, a Pomerdoge token, POMD, retails at $0.01. At launch, crypto experts have forecasted a price of $0.15 for the token.
Find out more about the Pomerdoge (POMD) Presale Today:
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.