This week, we look at Huobi (HT)’s efforts to counter bankruptcy speculation, Cathie Wood’s firm predicting a BTC ETF in 2021, and the rise of Pomerdog (POMD)’s presale. Most notable is the Pomerdoge project, which stands to disrupt the meme market with its P2E platform. Let’s break down each story.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Pomerdoge (POMD): From Pomeranian-Inspired NFTs to a Global Gaming Platform
Clear the pond, Frogs! The crypto world’s latest canine contender is barking up the tree of prominence. Meet Pomerdoge, a distinguished digital currency redefining the crypto landscape with its community-driven ethos, captivating gaming elements, and team spirit.
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!
— Pomerdoge (@pomerdoge) August 17, 2023
Now onto the next milestones, we have almost 1,500 holders now.
We really want to become the… pic.twitter.com/CaIt64n0DN
Dive into Pomerdoge’s universe, and you’re met with a delightful mix of Pomeranian-inspired NFTs, an immersive play-to-earn (P2E) gaming platform, and a dynamic meme token pulsating with energy.
The beating heart of this universe is its P2E game, a realm where players are plunged into riveting battles against global competitors. This arena promises thrills, spills, and most importantly, financial gains. And with its universal accessibility, it promises a gaming experience without borders or boundaries.
For those ready to march with the Pomerdoge parade, the POMD tokens beckon with an alluring $0.008 price tag during the inaugural presale phase. However, prices are slated to climb in the upcoming phases so those wanting to get in on the action should act fast.
Predictions suggest that the current price may price a whopping 3,000% before 2024. Such growth hints at Pomerdoge not just nipping at the heels of giants like Dogecoin and Shiba Inu, but potentially sprinting past them, capturing the crown of the meme crypto kingdom.
Huobi (HT) Counters Bankruptcy Gossip
Amid the Pomerdoge buzz, Huobi seems to be navigating rough waters with rumored liquidity issues and whispers about staff run-ins with the law.
This turbulence was underscored when a staggering $64 million took flight from Huobi in just one weekend, driving its total value locked (TVL) down by nearly 20%. Starting July with a robust $3.13 billion, the TVL now dances around the $2.5 billion mark, as per DefiLlama stats.
Justin Sun, the force behind Tron and a Global Advisor at Huobi, attempted to dispel the clouds of uncertainty. Terming the rumors as “FUD”, he voiced his confidence in the future arcs of both Tron and Huobi.
But a glance at Huobi’s financial charts paints a different story. A descending triangle shows that the price of Huobi has been on a sharp downward path for two years now. Though there’s a shimmer of hope for a price rebound, scaling the daunting $3.00 resistance wall is a question mark.
Some Huobi holders see the writing on the wall, especially with the move toward decentralization. As such, they are selling off their HT tokens in an attempt to secure POMD tokens before the first presale sells out completely.
Cathie Wood’s Bitcoin (BTC) ETF Prophecy Amid Pomerdoge (POMD) Presale Surge
Cathie Wood of ARK Investment Management is buzzing with anticipation, suggesting that the SEC might approve not just one, but multiple spot Bitcoin ETFs in one sweeping move. However, the SEC’s track record paints a different story. They’ve been cautious, only allowing futures-based Bitcoin ETFs, with Volatility Shares Trust being a notable beneficiary.
ARK Invest’s own spot Bitcoin ETF proposal is on the SEC’s table, and the decision clock ticks away with a deadline of Aug. 13. The choices? Approval, rejection, or maybe just pushing the decision into overtime.
Bitcoin rose from $24,800 to $31,800 due to the bullish news surrounding the possibility of a Bitcoin ETF. However, after a month of sideways price action, Bitcoin has dropped below the $30,000 support zone to a price of $29,300.
The market is understandably hesitant and cautious, especially as Gensler, the new SEC Chair, is not shy about his hatred for Bitcoin. While Bitcoin waits for news, the Pomerdoge presale continues to move forward with no care for the ETF’s fate.
Find out more about the Pomerdoge (POMD) Presale Today
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
