Traders Are Moving Away From Immutable And Compound Due To Volatility And Doubling Down On Pomerdoge

With the recent price volatility surrounding Immutable (IMX) and Compound (COMP), investors and traders have turned their attention to competing projects such as Pomerdoge (POMD). With its bullish price outlook, some have even begun to double down on the POMD token to recoup the losses experienced by IMX and COMP. Join us as we take a look at the performance of both altcoins to see how far they can climb.

Summary

• Immutable faces volatility and decreased by 8.3% in the past two weeks
• Compound dips by 21.6% in the past two weeks
• Pomerdoge (POMD) to surge to $0.35

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Immutable (IMX) Price Volatility

The Immutable (IMX) crypto traded at $0.712056 on August 11, 2023, and had a trading volume of $294,336,356. Its market cap is at $799,917,385, ranking it the 54th largest crypto. In addition, during the past week, it saw its low point at $0.710960, with its high point at $0.750270.

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During the past 30 days, the Immutable crypto only increased in value by 1.8%. However, in the past seven days, the price of this altcoin decreased by 3.6%. In the past two weeks, the Immutable price has been down 8.3%.

Due to this volatility, its future cannot be predicted with 100% accuracy. In any case, according to the Immutable price prediction, it is expected to climb between $1.61 and $1.79 by the end of the year at its most optimal outcome.

Compound (COMP) Faces Uncertain Future

The Compound (COMP) cryptocurrency also showcased a significant level of volatility. In fact, as of August 11, 2023, it trades at $55.38. During the past week, its low point was at $53.29, with its high point at $58.81.

Its overall market cap was $380,079,160, and its trading volume was $44,172,765. In addition, during the past two weeks, the value of the Compound crypto fell by 21.6%. In the past week, it’s been down 2.4%, worrying investors.

However, according to the Compound price prediction, it can reach a value between $62.47 and  $72.68 by the end of the year at its most optimal outcome.

Traders Double Down On Pomerdoge (POMD)

But while both Immutable and Compound have been struggling during the monthly chart, another cryptocurrency has been dominating with its performance. Specifically, the Pomerdoge (POMD) crypto has been selling millions of tokens during its presale, with a value of $0.008.

The key factors that have contributed to this growth include its potential for dominance in both P2E and meme-coin spaces. In addition, Pomerdoge is 100% secure and has been audited by SOLIDProof and Cyberscope.

Amazing! We have now raised over $1,000,000 in exactly three weeks. We are thrilled at the community we have, everyone says they have the best but we truly believe we are up there!

Now onto the next milestones, we have almost 1,500 holders now.

We really want to become the… pic.twitter.com/CaIt64n0DN

— Pomerdoge (@pomerdoge) August 17, 2023

A key component behind the Pomerdoge (POMD) ecosystem is Pomergame. This virtual world can be explored by any player through the usage of their Pomer. A Pomer can reach the Elite level and enable players to create their own custom items. In addition, they can reach Gold Status. After they do so, they can access Pomerplace.

Subsequently, Pomerplace is the marketplace where players can buy, sell or trade the valuable items that are collected during their in-game adventures.

The Pomerplace also consists of an arena where anyone can battle with their Pomerdoge against other players. In addition, there will be an exclusive collection of 7,777 NFTs. Each one will cost 0.2 ETH but will be exclusively available only to POMD holders.

As a result, analysts are bullish on the future of Pomerdoge and predict that it can experience a climb to $0.35. Investors are now doubling-down on their POMD investments.

Find out more about the Pomerdoge (POMD) Presale Today

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• Source: https://thecryptobasic.com/2023/08/20/traders-are-moving-away-from-immutable-and-compound-due-to-volatility-and-doubling-down-on-pomerdoge/?utm_source=rss&utm_medium=rss&utm_campaign=traders-are-moving-away-from-immutable-and-compound-due-to-volatility-and-doubling-down-on-pomerdoge