Monero (XMR) and Zcash (ZEC) experienced a reduction in their value with the latest market dip. However, investors are still bullish on the performance of other projects. One project that gained a significant level of attention is Pomerdoge (POMD), and today, we will analyse the on-chart performance of each altcoin to see why this has been the case.
Summary
Monero (XMR) has experienced a dip in its value and has fallen into the red zone regarding its weekly chart. While the cryptocurrency has retained its value above the $160 threshold, the bear market might bring it under this point if a bear market occurs.
Analysts are, however, still bullish that it can spike upwards and breach past $160, as evident from the on-chain analysis.
The Monero price was $163.54 on July 27, 2023. During the past week, Monero saw its low price point at $160.34, with its high point at $167.80.
Moreover, within the last 30 days, Monero decreased by 2.2%, and in the last seven days, it’s been down by 2.7%. According to a Monero price prediction, it can reach just $186.27 by the end of 2023.
While Zcash (ZEC) is a favourite among privacy-conscious investors, its latest on-chart data has left much to be desired. At one point during the week, the ZEC crypto dipped under the $30 threshold, prompting many investors to panic-sell it.
While since then, it has managed to recover some value, things are not looking too optimal for the short-term performance of this altcoin.
The Zcash price was $30.23 on July 27, 2023. During the past week, Zcash saw its low point at $29.52, with its high point at $32.32. Similarly, the Zcash price decreased by 46.8% in the past year and has been down by 5.4% during the past week.
Regardless, according to a Zcash price prediction, the cryptocurrency can reach $36.65 by the end of the year.
Pomerdoge (POMD) is an upcoming project that will launch in the rapidly-growing gaming sector, introducing Play-to-Earn (P2E) elements that appeal to games globally. In fact, Pomerdoge will also feature a unique infrastructure and ecosystem through which anyone can feel comfortable engaging with the crypto space.
Gamers gain the ability to create, strengthen, and customize avatars whilst also being able to get into competitions and earn rewards. Through the Pomerdoges, gamers globally can compete within the Arena. Additionally, they can go on missions together and share strategies.
As a part of the Pomerdoge ecosystem, there’s also the Pomerplace, which is a marketplace through which anyone can trade, sell or buy valuable items. There’s even a unique collection of 7,777 NFTs exclusive to the holders of POMD.
During its current presale stage, a single POMD token costs just $0.007, and analysts believe it can climb by 100x at launch.
Find out more about the Pomerdoge (POMD) Presale Today
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