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The post SEC Challenges Ripple Victory, but XRP Paints Historical Pattern As Pomerdoge Presale Demand Spikes appeared first on Coinpedia Fintech News
The ongoing challenge by the U.S. Securities and Exchange Commission (SEC) against Ripple has once again taken centre stage. Undeterred by the challenge, XRP is now showing a bullish historical pattern. Similarly, Pomerdoge (POMD) is showing resilience to the bearish trend, reaching a new milestone while in presale.
SEC Challenges Ripple Victory, But XRP Prepares To Surge
The Ripple (XRP) community thought they had achieved a major victory over the SEC after the July 13 ruling. However, just weeks later, the regulator filed an appeal to challenge the decision from Judge Analisa Torres.
Ripple’s chief technical officer, David Schwartz, argued that the SEC’s appeal was “completely incoherent.” Despite what many have seen as a bearish trend, XRP could still be bullish, showing a historical trend.
Today, the trading volume has surged by over 80%, confirming an old bullish trend for Ripple. This is backed up by XRP finally reclaiming the 20-day and 50-day SMAs (simple moving averages) against Bitcoin (BTC).
The last time XRP was above this level, the price of Ripple spiked by more than 15,400% in late 2017. From its current price of $0.6339, a magnitude of this nature will see the price of XRP could reach a new all-time high of $98.
Pomerdoge (POMD) Records Massive Success in Presale
Another crypto that has shown massive promise in the bearish market is Pomerdoge (POMD). Defying the bearish trends in the crypto market, the presale of Pomerdoge has reached new highs, setting new records in the process.
In the last few weeks, Pomerdoge has sold more than 98 million of its native POMD tokens. In the process, the team has raised more than $791,000, putting the project on track to hit its goal of raising $2.28 million through this presale.
The Pomerdoge presale has gained this much attention because of the high rating the project has received from top experts. Fusing the blockchain play-to-earn (P2E) sector with the meme coin space, experts have high hopes for Pomerdoge. They have predicted that this new game could be the dominant force in P2E gaming.
Investors and gamers are also attracted to the project because the game offers significantly more earning opportunities than other games. In addition to rewards and in-game prizes, the team will conduct weekly giveaways, competitions, and contests.
With a mega POMD prize of $50,000 set to be won weekly, the game is quickly rising to the top of the ranks. All community members need to qualify to join the competition is hold the native token of the ecosystem, POMD.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/Telegram Community: https://t.me/pomerdoge
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