A fascinating wave of play-to-earn (P2E) games recently appeared, capturing players and investors. Names like Decentraland (MANA) and The Sandbox (SAND), which peaked in popularity around 2022, stole the show.
With the price drop, Decentraland and The Sandbox investors are seeking alternative options and Pomerdoge (POMD) is one of those. On the other hand, analysts are predicting a 40x increase for POMD..
Decentraland (MANA) Decline Raises Investor’s Concern
Decentraland (MANA) is a virtual reality platform that enables users to create, enjoy, sell content and apps. With this P2E token, users can buy plots of land in its virtual environment to explore, develop, and monetize it.
According to recent analysis, Decentraland faced a sharp drop in trading volume in the last 48 hours. Just when analysts were optimistic that the MANA token would rise, things took a different turn when its trading volume dropped from 41.21 million to 26.50 million.
As a result, it led to a price drop of 4.11%, with MANA now valued at $0.36. A closer look at the volume metric on CoinMarketCap corroborated the downward trend Decentraland is now experiencing.
127 Million Transfer From Wallets May Plunge The Sandbox (SAND)
The Sandbox (SAND) is a decentralized blockchain technology that allows users to design, construct, purchase, and trade digital assets in the form of games in the virtual environment. Blockchain analyst, Lookonchain made known the substantial The Sandbox transfer on his Twitter account.
Moreover, He tweeted, “We noticed that 127M $SAND ($51.32M) was transferred from #TheSandbox wallets 6 hrs ago.” His source reveals that 332.55M $SAND will be unlocked after 10 days, with 16.16% in circulation.
At press time, SAND price stands at approximately $0.4, with a massive drop of 20% since its recent high. The most recent transfer of 127 million tokens is big and might put a lot of pressure on the price of The Sandbox.
The Pomerdoge (POMD) Token Will Attract Gamers
Pomerdoge is bringing hope as Decentraland and The Sandbox investors are buying into this new token. Consequently, with the bullish trend on these tokens, it is only wise that investors turn to more promising tokens. POMD will be a game changer offering 7,777 NFT’s and a play-to-earn (P2E) gaming platform and a marketplace.
As a result, players from around the world can take advantage of the P2E game. The platform will offer an immersive and entertaining gaming experience for crypto-savvy players. In addition, it will also provide an interactive environment where people can connect while earning valuable tokens.
Also, the project has a marketplace called Pomerplace in the works. Therefore, it will offer an in-game experience encompassing buying, selling, and trading assets. In other words, Pomerplace will promote a gaming environment where players get rewards when they engage in trading activities.
Pomerdoge is bound to offer value to investors, and the meme coin is set to transform the crypto ecosystem. As of today, Pomerdoge is going for just $0.007 in its initial presale phase. For this reason, it would be an excellent opportunity to buy into this token now that it is affordable.
Find out more about the Pomerdoge (POMD) Presale Today
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Source: null tx