The prevailing bearish outlook of the market has pulled Monero (XMR) and OKB (OKB) down in recent weeks. Meanwhile, bulls have wholeheartedly rallied behind Pomerdoge, a new P2E meme coin.
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Summary:
- Monero (XMR) has suffered a 75% decline in its development activity.
- Bearish sentiments around OKB (OKB) intensify.
- Pomerdoge presale is expected to surge by 1,700%.
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Monero (XMR) Sees A Significant Decline In Development Activity
As the overall crypto market has stayed bullish for the past many months, Monero (XMR) has struggled to keep its network health intact. The latest on-chain data suggests that the development activity on the Monero (XMR) network has been falling for the past many months.
According to Santiment’s report, Monero (XMR) has witnessed a drop of 75% in its development activity in the past month. Notably, bearish sentiments around Monero (XMR) have increased by a staggering 279% in the last 30 days.
Experts fear that a strong bearish sentiment can increase the sell-off pressure on Monero (XMR). Subsequently, the price movement of Monero (XMR) has plunged by 5% in the past 30 days. Hence, the current trading price of Monero (XMR) is $159.17.
OKB (OKB) Suffers From Strong Bearish Sentiments
OKB (OKB) has witnessed a steep fall in social metrics. As per the latest data from LunarCrush, bearish sentiments around OKB (OKB) have strengthened by over 420% in the past seven days.
This indicates that investors are less hopeful about OKB’s (OKB) price appreciation in the coming weeks. Hence, this trend can trigger a selloff of OKB (OKB). At present, OKB (OKB) is available to trade at $46.17.
However, the OKB (OKB) ecosystem has recently revamped its Smart Account feature, and its community has welcomed the move. With this development, OKX, the exchange for which OKB serves as a native token, aims to improve its UX.
Earlier, the exchange had made a significant investment in zkPass, creating more hype around OKB (OKB).
Pomerdoge (POMD) Gets On A Bullish Network
The latest market data has made a remarkable revelation about the blockchain gaming industry. The industry’s revenue can grow at a CAGR of 70.3% during the period 2022-2027. This shows an enormous explosion of the blockchain gaming industry. To utilize the market trend, Pomerdoge has unveiled a new blockchain game, fuelled by POMD.
Pomerdoge will soon launch a new P2E game, Pomergame. It will allow gamers to build their characters, and create custom in-game accessories. After gamers get a gold status Pomer, they can sell skins and other in-game items at the Pomerplace, which is the platform’s marketplace and a battle arena.
Pomerdoge has also announced the upcoming launch of a collection of 7,777 NFTs. These NFTs will have a unique utility and value in the POMD ecosystem. However, only the holders of POMD will get to purchase these non-fungible tokens.
Notably, Solid Proof and Cyber Scope have audited POMD’s smart contracts. The presale of the tokens has begun, and is currently in stage 1. At present, you can lock your POMD tokens at $0.007. Therefore, it is the right time to invest in Pomerdoge’s presale. Its market value can explode by 17x during the presale phase. Also, the early presale investors may receive a 4,000% profit by the end of 2023.
Find out more about the Pomerdoge (POMD) Presale Today
Website: https://pomerdoge.com/Â
Telegram Community: https://t.me/pomerdoge
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