The volatile cryptocurrency market has affected many coins, including Litecoin (LTC) and Polygon (MATIC). Investors are continuously looking for projects with a lot of utilities as a result of the ongoing price volatility. On top of their list is Pomerdoge (POMD), analysts are bullish on this come and are projecting 40x gains in 2023.
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Polygon Price Shaky Despite Polygon 2.0 Implementation
With its MATIC token, Polygon is a well-known cryptocurrency that addresses Ethereum’s problems. It provides quicker and less expensive transactions as a layer-2 scaling solution for Ethereum.
With the use of zero-knowledge proofs and compatibility for EVM, Polygon 2.0 and zkEVM have improved efficiency and privacy. In other words, they have made things faster and more private. Although Polygon 2.0 and zkEVM are promising updates, MATIC’s price has recently dropped.
General market sentiment may be a key factor contributing to Polygon volatility. The cryptocurrency market unpredictably fluctuates, known for its volatility. As a result, external factors like financial trends, regulatory changes, and international events can significantly impact digital asset pricing.
Litecoin Completes Halving Process
The Litecoin halving event is over, and block rewards have been cut in half to 6.25 Litecoin each.The automated Litecoin blockchain halving process took place at block 2,520,000 on August 2. Meanwhile, the clock has been reset for the subsequent halving. This will happen in about four years, and Litecoin miners are currently receiving half of their payouts.
Additionally, since early July, when they reached $115 for the first time since April 2022, LTC values have been drifting downward. Litecoin is currently circling around the $86 price range. However, LTC took a different turn after the halving and is now trading at about $86.80.
Pomerdoge: Redefining P2E Gaming
Pomerdoge (POMD) is a unique cryptocurrency based on Ethereum. As a result, it aims to take advantage of the growing play-to-earn (P2E) sector. This industry is projected to reach $3618.4 million by 2028. Users can earn money in this future P2E experience by participating in the Pomergame.
Once they gain gold status, users can begin trading commodities, skins, and other stuff in the Pomerplace. This marketplace serves as the platform where they can exchange, purchase, and sell in-game goods. Thereby enhancing their gaming experience while also providing more ways to make money.
Furthermore, NFTs are becoming a crucial component of the blockchain industry. Pomerdoge takes advantage of this trend by giving its presale customers access to a limited-edition 7,777 NFT collection. Therefore, these digital items are limited editions and have value by nature.
Pomerdoge’s low presale price of $0.007 may present investors with a lucrative investment opportunity. Moreover, analysts predict that Pomergame will grow by 100x upon launch. This makes it a desirable addition to the portfolios of investors seeking passive income in 2023. Early presale adopters may be able to profit before the end of the year.
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