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After a massive rally in early July, the price of XRP (XRP) suffered a major decline. However, experts have predicted that the price of XRP could skyrocket over some recent developments in China. While we wait to see how this will affect the broader crypto market, Pomerdoge (POMD) has continued its bullish momentum in August.
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China Could Lead the Next XRP Price Rally
China, the second most populated country in the world, is embracing crypto via its special administrative region, Hong Kong. This week, Hong Kong issued the first licenses as part of its new crypto regime.
Crypto exchanges, HashKey and OSL, were part of the recipients of the licenses. Crypto experts have forecasted that the move could open up crypto trading to the mass market of China.
Leading media house, Forbes has projected that XRP is currently treading a cautious path of holding ahead of the next bull market. Similarly, Ripple and XRP have also received praise from the Bank of America Praises over its impact on cross-border payments.
According to Forbes, XRP is in a holding pattern currently, and the move from China could cause a major price rally for the coin. In the last 24 hours, the price of XRP has increased by 2.1% and now trades at $0.6242. Experts have forecasted that the price of XRP could reach a high of $1 in 2023.
Amidst the market decline, one crypto, Pomerdoge (POMD), has managed to remain bullish. The price increase as a result of this bullish momentum has seen Pomerdoge’s utility token, POMD, trade as high as $0.007. However, crypto experts have predicted that it could experience further increases.
With the broader crypto market on the cusp of a new bull market, market experts have forecasted a 4,000% price rise for Pomerdoge in 2023. If this happens, Pomerdoge could reach a high of $0.35 by the end of the year. Experts are bullish about POMD because it serves as the driving force behind the Pomerdoge ecosystem.
Pomerdoge is building what many experts are calling the next big thing in play-to-earn. By combining meme coins with P2E, Pomerdoge is creating a unique ecosystem within play-to-earn. The game is already growing in popularity. It has practical value and utility that holders can enjoy such as discounts and staking rewards.
Interestingly, Pomerdoge’s native token stands out as more than just a memecoin. The Pomerdoge token offers practical value, enabling holders to receive staking rewards and other benefits. This constitutes the reason for the bullish sentiment about POMD.
The Pomerdoge game has passed validations by SOLIDPorof and Cyberscope enhances its credibility. This demonstrates Pomerdoge’s dedication to ensuring security and protecting users’ concerns. Furthermore, the Pomerdoge token serves as the currency within the game.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
*This article was paid for Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2023/08/11/pomerdoge-august-surge-sustains-bullish-momentum/