Binance and Ethereum struggle amidst the latest developments, Pomerdoge shakes up rankings
The realm of cryptocurrency is a dynamic space, with rapid developments constantly reshaping the landscape. These developments bring challenges for cryptocurrencies as well as investors to the forefront.
Binance (BNB) and Ethereum (ETH) have consequently found themselves struggling amidst the latest developments in the market. On the other hand, Pomerdoge is experiencing a meteoric rise, captivating investors' attention.
Summary
- In its latest move, Binance (BNB) shifts focus to its core products with plans to drop Binance Connect (Bifinity), its fiat-to-crypto infrastructure.
- In a turn of events, the developer of BALD, a cryptocurrency that was gaining significant popularity in recent months, sent $12 million back to Ethereum (ETH).
- Pomerdoge catches momentum at a presale rate of $0.008.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Binance (BNB) to drop crypto payment infrastructure amid refocus move
In the latest development that has taken place, Binance (BNB) has decided to shut down its cryptocurrency payment system known as Binance Connect. Binance (BNB) launched this service last year with the aim of making traditional financial companies crypto-ready. Binance Connect enables users to buy, sell, and make payments in over 50 cryptocurrencies using traditional payment methods such as Visa Card, Mastercard, etc.
As per the statement released by Binance (BNB), this change will be effective on August 16 th . In its statement, Binance's spokesperson attributed this move to its long-term strategy, and core products. Further, updates were made to the products at Binance (BNB), as per market and user needs.
Amidst this backdrop, Binance (BNB) has been struggling. The monthly, weekly, and daily charts have been showcasing bearish sentiment surrounding Binance (BNB). Thus, in the past 24 hours, Binance (BNB) has witnessed a drop of 1.33%. Binance (BNB) is currently trading at $230.63.
Ethereum (ETH) network gains huge transfer from BALD developer
BALD is a meme coin that gained rapid popularity amongst investors during August. This success was due to a claim by a trader that he converted $500 into hundreds of thousands. As this claim went viral, investors flocked to acquire BALD, driving its growth to a whopping 4,000,000%. However, its glory was short-lived, as within the same month, prices plunged by 90%. Further, in a recent update, the developer transferred $12 million in ETH to the Ethereum network.
Meanwhile, Ethereum (ETH) has also showcased a downturn. With significant drops noted in the charts, investors are not optimistic about Ethereum (ETH). Moreover, Ethereum (ETH) experienced a downturn of 1.63% in the past 24 hours. Ethereum (ETH) is currently trading hands at $1,792.
Pomerdoge (POMD) on a rally
The emerging cryptocurrency that has created a buzz in the market recently is Pomerdoge. Acting as a ray of hope for investors in an otherwise bearish market, Pomerdoge has quickly risen up the ranks to become an investor favorite.
According to analysts, this meme coin holds the potential to become the best altcoin of 2023. As an ecosystem that revolves around the play-to-earn model, Pomerdoge enables users to network with other merchants around the globe, and compete with them.
According to data, the P2E gaming industry’s growth prediction is from $4.6 billion in 2022 to $65.7 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 70.3%. Investors can reap monumental gains from the emerging market by getting their hands on Pomerdoge.
In the ongoing first stage of the presale, Pomerdoge is offering investors exciting incentives such as revenue share from games, exclusive access to NFTs, and mouth-watering rewards. Investors can be a part of the next big thing, with POMD, by securing their share at the current price of $0.008.
Find out more about the Pomerdoge (POMD) Presale Today
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
