Binance CEO Responds To FUD, Base Network Hits 1.88M Transactions, Pomerdoge’s 135% Presale Pump

This article looks at three of the biggest news stories this week: Binance CEO’s response to rumors, Ethereum’s potential to hit all-time highs, and Pomerdoge (POMD)’s 135% presale pump. Let’s get stuck into these exciting stories.

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Pomerdoge (POMD)’s 135% Presale Pump

Pomerdoge is redefining the meme cryptocurrency space with its unique entertainment and tangible utility blend. Prioritizing real-world value, this platform seamlessly combines a riveting gaming arena with a lucrative rewards mechanism, setting its sights on reshaping the memecoin narrative.

Pomerdoge creates an immersive world, uniting advanced NFT integrations, Play-to-Earn (P2E) elements, and an unmatched incentive system. This means that all Pomerdoge players are rewarded both financially and emotionally for their participation in the platform.

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Pomerdoge underscores its dedication to transparency and security by addressing concerns about the platform’s reliability. Their successful audit partnership with the Interfi Network is a testament to their commitment to creating a trustworthy platform.

The Pomerdoge presale has gained a lot of interest, with token sales exceeding $4.5 million within the last month. The POMD token is currently priced at $0.0165 and has witnessed an impressive 135% surge since the beginning of the presale.

But this is just the start of POMD’s rise as the token is set to keep on rising throughout the presale stages. Once it hits tier-1 exchanges, POMD could then potentially skyrocket in value. Some analysts believe 50x would be a realistic and reachable target for POMD.

Binance (BNB) CEO Responds To FUD

In the wake of the SEC lawsuit, Binance.US made a public statement on September 13, detailing a significant downsizing in which a third of its workforce would be laid off, and signifying the exit of its CEO from the organization.

This string of high-profile departures has spawned rumors on platform X, insinuating that Binance might grapple with more profound legal quandaries than initially perceived.

Contrary to the growing concerns, Binance’s global CEO, Changpeng Zhao, dismissed the turmoil as routine. He encouraged the public to sidestep the circulating “FUD” surrounding the recent executive reshuffling, highlighting that Shroder’s departure was amicable, signifying the achievement of his goals since joining two years ago.

Zhao, possibly alluding to the lawsuits in his statement on platform X, acknowledged the transformed dynamics of the crypto sector compared to a few years back. He expressed confidence in Norman Reed, the incoming CEO of Binance.US, endorsing him as the apt choice to navigate the exchange through this transitionary phase.

The series of events has adversely affected the market value of the Binance token, leading to a decrease from its June position of $306 to the current level of $215. The crucial threshold of $200 now presents itself as a significant support level, with the potential to drop to $120.

Base Network Hits 1.88M Transactions

The Coinbase layer-2 network, Base, officially debuted on August 9, allowing users to bridge and swap tokens, offer liquidity, and create non-fungible tokens (NFTs), among other layer-2 network capabilities.

Recently, Base attained a milestone in daily transactions, eclipsing its initial record established in its launch month of August. On the 14th of September, the Base blockchain recorded a significant 1.88 million transactions. This advancement propels it ahead of competing layer-2 networks such as Optimism and Arbitrum in the daily transactions metric.

However, it registered approximately 86,000 daily active users on the same day, a figure confirmed by Dune Analytics. This shows that the current users are employing greater than average platform usage.

Considering Base’s prosperous trajectory, it would be wise for fellow layer-2 networks such as Arbitrum, Polygon, and Optimism to keep a keen eye on its progress. This space is only getting more competitive, and networks must stay ahead of the curve.

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