Monero and Compound Crypto Bearish Trend Continues. Can they Bounce Back? Pomerdoge Green on the Weekly Chart
After the past week's dip, Monero (XMR) and Compound (COMP) have been on a bearish cycle. On the other hand, Pomerdoge (POMD) is showing green on the weekly charts.
After the past week's dip, Monero (XMR) and Compound (COMP) have been on a bearish cycle. On the other hand, Pomerdoge (POMD) is showing green on the weekly charts. In this article we will analyze these three coins to know what to expect going forward.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Monero (XMR) Seeing Downturn in Price
Traders and investors are worried by Monero (XMR) price movement, one of the major cryptocurrencies focusing on privacy. The price of Monero has decreased by 5% in the past 30 days, and 0.55% on the weekly chart.
With the most vital support at $155.8, the price could drop to that range before seeing any positive price action. The Monero price currently sits at $160. Because of this price drop, investors are looking for other solid projects to move their funds to.
Compound (COMP) Green Weekly Charts Turn Red
After a sharp drop in price from $79 to $60.5 two days ago, the Compound has maintained the $60 support zone. In contrast with the general crypto market, the altcoin shows some strength.
Claiming that Compound has benefited from Curve's difficulties is enough, considering both protocols are closely related, and Compound was supposed to be in freefall. COMP recorded a total trading volume of $143.82 million on the previous day, indicating an increase of 152%.
Compound price current sits at $59.97 with a 15% drop from last week. If the Compound bearish cycle continues this week investors will start moving away from the project and looking for more bullish alternatives.
Pomerdoge Prepares for 40x While Compound and Monero Dip
Pomerdoge displays positive signals on the weekly chart, whereas Monero and Compound have disappointed investors. According to analysts, the token is expected to increase by 40x in the upcoming months, as a result, it has gained a lot of investors attention.
The complex environment that Pomerdoge is creating will house NFTs, a marketplace called Pomerplace, and an exciting play-to-earn (P2E) gaming platform Pomergame.
An essential component of the environment is the Pomergame. Players will be able to interact with and compete against a global player community here in order to win prizes. Security and trustless transactions are guaranteed because the game will be developed on the Ethereum blockchain and has been audited by SolidProof and Cyberscope.
The POMD meme coin is at the core of this thriving ecosystem. The token makes all platform transactions possible, thereby giving owners real utility and the chance to earn rewards through staking.
Meanwhile, you can purchase POMD tokens for just $0.007 during the first stage of the presale. Since this project is in it’s early stages, now is the chance to buy into this thriving ecosystem.
Find out more about the Pomerdoge (POMD) Presale Today
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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