Cardano Staking Reaches New Highs, Tron Price Drops As Pomerdoge Soars To New High
Cardano has reached new highs in staking while Tron price drops as Pomerdoge soars to new highs
The cryptocurrency market has been buzzing with activity lately.Cardano (ADA) has reached new highs in staking while Tron (TRX) price drops as Pomerdoge (POMD) soars to new highs.In addition, we will cover the latest trends in the crypto market and how Pomerdoge looks to soar.
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Cardano (ADA) Staking Jumps To New Milestone
One of the leading smart contracts platforms has reached a new milestone.The decentralized finance ecosystem of Cardano has been growing.Over the last few days, there has been a recent spike in the number of ADA staked on the Cardano network.
According to on-chain data, Cardano holders are increasing their staking for better yield generation.
In the last five days, more than $50 million worth of the Cardano coin has been staked.The total percentage of ADA staked on the network has now increased to 63.43%.
The surge in the number of staked Cardano has led to an increase in the ADA price.The Cardano price has increased by more than 4%, breaking above the $0.2700 level.The next level to monitor for ADA now is the $0.3000 resistance.
TRON (TRX) Price Continues Drop, Investors Show Concern
Like Cardano, the Tron network has reached some milestones in the last few weeks.According to on-chain data, more than 181 million total accounts have been created on the Tron network making it one of the most used blockchains for transactions.
In addition, over 6.3 billion total transactions have been performed on the network.
However, there has been no upswing in the Tron coin price.However, in the long term, the TRX coin has been on an ascending channel since November last year.
Bouncing off the $0.700 support level, the Tron coin appears to have regained its bullish momentum.
TRX now trades at $0.0773 and looks to recover the $0.0800 resistance level.
Pomerdoge (POMD) Gains Traction, Price Soars To New High
Although Tron and Cardano may see gains in 2023, various things may influence their price changes.
Pomerdoge (POMD), on the other hand, has been projected to see a massive price rise in 2023 because of its new model of combining blockchain play-to-earn (P2E) gaming.Pomerdoge’s distinct use case has helped the project gain traction.
Pomerdoge is building a P2E ecosystem that features a game, a marketplace, and NFT collections.Like other P2E games, Pomergame provides many various paths for earning.The in-game collectibles and tokens players collect can be sold on the marketplace for cash.
In addition, every week, the Pomerdoge team will host weekly competitions and contests where gamers can earn up to $100,000 in POMD.
Participants will also stand a chance to share in the game’s revenue based on their token holdings.
In less than two months, the project has raised more than $1.8 million from investors.Crypto experts have predicted that its distinct use cases will drive acceptance and long-term value of its token.
The price of the token has been projected to soar from $0.01 to as high as $0.15 this year.
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