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The post XRP Struggles Amidst Ongoing Legal Battle, Meonro Follows Bearish Trend, Pomerdoge Sets New Targets appeared first on Coinpedia Fintech News
Monero’s downtrend. Amidst this bearish sentiment, Pomerdoge (POMD) continues its upward trajectory.
XRP (XRP): Legal Woes Continue and a Cause for Concern
The legal battle between XRP and the U.S. Securities and Exchange Commission (SEC) over the regulatory status of XRP continues. It registered a partial victory on July 13 after a court ruled that its sale on exchanges doesn’t constitute a security.
However, its partial victory was shortlived as the SEC prepared to appeal the ruling. This development has resulted in uncertainties and concerns over XRP’s near and long-term viability.
Although the market reaction is yet to be drastic, XRP’s earlier momentum is decreasing. This is evident in some investors playing it safe and diversifying their portfolios.
Monero (XMR): Bearish Trend Continues
Monero (XMR) is a cryptocurrency known for its privacy features. Transactions on the network are untraceable, making it a popular choice for those who value privacy. With this, Monero has successfully carved a niche in the cryptocurrency landscape and is currently ranked 28th by market capitalization.
The Monero’s price has declined recently, raising concerns about its short-term performance. Consequently, this has resulted in a shift in market sentiment, with investors seeking more viable alternative investments besides XMR.
Nevertheless, Monero is known for its resilience, making a quick bounce possible. Therefore, a quick rally might be registered in the coming days.
Pomerdoge (POMD): Sets New Target $2M
Pomerdoge has been making waves thanks to its presale success. The meme-inspired token recently passed the $1 million fundraising mark and currently stands at $1.4 million. The next target is an impressive $2 million, which seems closer considering the influx of new investors.
The enthusiasm surrounding Pomerdoge’s presale showcases growing confidence in its unique offering and growth potential. Although meme-inspired, its ecosystem is vibrant, featuring an exciting game, a marketplace, and an NFT collection.
Players will participate in the most exciting P2E game as a gaming platform while earning rewards. The game will connect players worldwide, allowing interaction, fun, and reward earning.
There will also be a marketplace within the ecosystem, allowing players to sell valuable items collected in the game. This will serve as passive income in addition to the significant returns expected from holding the token.
Further, its NFT collection will allow enthusiasts to hold rare and valuable digital collectables. The collection comprises 7,777 NFTs, which will purches with the utility token.
Lastly, its immense growth potential concludes its key appeal. Experts’ forecasts of its outlook are bullish, with a 40x increase predicted before the end of 2023. This makes POMD’s current price of $0.009 a steal.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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