PancakeSwap (CAKE) price has witnessed a major dip, reaching a new year-low and causing panic among investors. Given its recent dip, can PancakeSwap bounce back? In other news, the crypto space is abuzz as Pomerdoge (POMD), a P2E game, wants to launch a rare collection consisting of 7,777 NFTs.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
PancakeSwap (CAKE) Price Dips to New Year-Low, Can CAKE Bounce Back?
Since the beginning of 2023, the price of PancakeSwap (CAKE) has undergone a huge decline of 52.4%. This took CAKE to a one-year low of $1.3083. Looking at the daily chart, the asset has been moving sideways since July 6th. An initial drop below the $2.56 support level caused CAKE to lose a significant portion of its gains.
Presently, it hovers near the $1.66 resistance level after finding crucial support at $1.43. Currently, the price of CAKE stands at $1.47, a 1.07% decrease in price within the last 24 hours. Additionally, PancakeSwap’s trading volume has been on a steep fall.
According to CoinMarketCap, PancakeSwap’s trading volume has dipped 8.90% in the last 24 hours. Moreover, CAKE is currently trading below its 50-day and 200-day SMA, a sign of bearish pressure. Furthermore, the Moving Average Convergence/Divergence (MACD) is positioned below its signal line.
It is accompanied by faint histogram bars, signaling a notable sell pressure within PancakeSwap’s market. Nevertheless, CAKE might experience a retracement in the coming days if the bulls regain control of the market.
Pomerdoge (POMD) To Introduce Rare 7,777 NFT Collection
According to MarketsandMarkets, the blockchain gaming sector’s value is projected to surge from $4.6 billion in 2022 to $65.7 billion by 2027. As a result, platforms capturing just a small percentage of this thriving market could yield great returns for investors. The Pomerdoge (POMD) team has responded to the projection.
They are currently working towards introducing an innovative P2E crypto game that will ride on this exponential growth. This platform aims to unite players globally, fostering competition and offering them rewards in the process. Pomerdoge plans to launch a marketplace and battle arena called Pomerplace.
POMERDOGE PRICE INCREASING!
What can we say #pomercrew! We started presale just over two weeks ago and have already raised almost $750,000!
The price will increase to $0.009 on Thursday the 17th of August at 19:00 UTC
In the coming days (a week or two) we will be showing you… pic.twitter.com/uCvahatIgN
— Pomerdoge (@pomerdoge) August 13, 2023
Here, players will be able to trade, trading, purchase, and sell in-game items, assets, and prizes. Simultaneously, it is important to highlight that Pomerdoge stands out as one of the most secure platforms in the market.
Renowned auditors such as SOLIDProof and Cyberscope have evaluated the project, endorsing it as safe for users. Fortunately, Pomerdoge’s native token is currently available at just $0.008 per token.
Acquiring these tokens will grant you exclusive access to Pomerdoge’s upcoming 7,777 NFT collection. The project will release the NFT collection between August and September. Furthermore, those who purchase the POMD token will also hold a stake in the revenue generated on the Pomergame platform, solidifying a promising investment opportunity.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge