Following the Grayscale victory over the SEC, top gaming cryptos Decentraland (MANA) and The Sandbox (SAND) recorded huge price swings. However, as the rally has cooled off, the prices of MANA and SAND have returned to bearish territory. Defying the bearish market, Pomerdoge (POMD), a new gaming crypto is closing in on a major milestone while in presale.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Dentraland (MANA) Price Plunges After Brief Rally
After the Grayscale win against the SEC was announced, Decentraland (MANA) emerged as one of the biggest gainers. Increasing by more than 8%, the MANA coin price increased to the $0.3200 level, but failed to surpass this resistance.
Without the bullish momentum to convert this resistance to support, bears have taken over the Decentraland coin. As a result, the price of the Decentraland coin has dropped below the $0.3000 level, now looking to find support at the $0.29000 level.
Despite the price drop, there has been an uptick in the daily trading volume of the Decentraland crypto. The growing trading volume can be linked to the 120% APR offered on Decentraland staking by the DeFi protocol, ReHold V2. If this volume continues, the price of MANA could turn bullish soon.
The Sandbox (SAND) Price Plunges, Prediction for September
Rallying along with the crypto market, The Sandbox coin rose to highs of $0.3400 before facing a major rejection. Failing to break above the 50-day EMA, The Sandbox price has now returned to bearish territory.
The rejection at this level has led to a 4.37% price decline for SAND. As a result, the price of the altcoin has now returned to the critical $0.3100 support level. Finding support at this level, what will be the direction of The Sandbox in September.
At the $0.3100 level, The Sandbox will form a double bottom – a bullish sign backed up by the RSI of the coin being sub 34. If this bullish pattern holds, the price of The Sandbox coin could rise to $0.3800 or as high as $0.4200 in September.
Pomerdoge (POMD) Presale Closes In on New Milestone
Defying the bearish trend sweeping across the crypto market, Pomerdoge (POMD) is about to hit a new milestone. Due to its unique model in play-to-earn (P2E) gaming, Pomerdoge has been seeing an influx of investors. As a result, Pomerdoge has raised $2 million while still in presale.
Pomerdoge has managed to pique the interest of investors as it combines the exciting meme coin space with P2E space. All the characters in the Pomerdoge game (otherwise known as Pomergame) are inspired by meme coin characters. These characters (Pomers) are fully customizable and can be upgraded to increase a player’s chances of earning better rewards.
The project’s team has also announced the launch of a 7,777 NFT collection scheduled for September. Notably, these NFTs have a set price of 0.02 ETH and are only available to presale customers. Unfortunately, exclusive access to these NFTs is reserved solely for Pomerdoge token holders.
The Pomerdoge token, POMD, serves as the in-game currency fueling the Pomerdoge ecosystem. At the time of this writing, POMD trades at $0.01. With its current growth rate, crypto experts have predicted a rally to $0.15 before the year ends, making Pomerdoge a great investment opportunity.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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