Axie Infinity (AXS) and ApeCoin (APE) emerged as projects with huge potential in the DeFi space. Unfortunately, their price performance has left investors disappointed lately. Currently, Axie Infinity and ApeCoin holders have been making a strategic move to Pomerdoge. Pomerdoge is the latest play-to-earn (P2E) gaming token that has been making waves in the gaming sector. Unlike ApeCoin and Axie Infinity, it has been on a bullish rally, offering holders great utility and rewards.
Axie Infinity (AXS) Drops 50% From January High
In 2021, Axie Infinity (AXS) emerged as one of the most sought-after P2E games. It allowed players to purchase monsters (NFTs) and use them to earn in-game rewards. However, despite its popularity in 2021, Axie Infinity’s price crashed in 2022, plummeting by over 70%.
Nevertheless, Axie Infinity started 2923 on a high note in January. It witnessed a surge of over 80% reaching $12.40 on January 23rd. This exciting development attracted a surge of investors and users to the platform.
Unfortunately, the token lost its price trajectory and has crumbled by about 50%. Today, Axie Infinity (AXS) is trading at $6.10. This represents a 2.17% price decline in the last 24 hours and 4.61% in the past week.
ApeCoin (APE) On-Chain Metrics Bearish
ApeCoin (APE) is one of the largest metaverse tokens in the ecosystem. Unfortunately, the token has been under bearish pressure in the past months. Meanwhile, the selling pressure on the asset appears to be increasing.
Also, the on-chain metrics for the ERC-20 token have been bearish since last week. This suggests a potential further drop in ApeCoin’s price. Specifically, on-chain metrics like social dominance, daily active addresses, and supply on exchanges are bearish.
Since ApeCoin dropped below the $3.3 level on June 5th, it has been on a downward trend. At the time of writing, the ApeCoin price is at $1.90. This represents a 3.92% price decline in the last 24 hours and 11.18% in the past week.
Analysts Forecast 4,000% ROI for Pomerdoge (POMD)
Investors have recently lost interest in ApeCoin and Axie Infinity as their bearish cycle worsens. Meanwhile, investors have found a better play-to-earn token with more potential and a bullish price trajectory, Pomerdoge.
Pomerdoge’s token presale has attracted users from the crypto space due to its innovative platform for gamers. The team is building a platform that will enable players to earn rewards, enhance characters, and trade valuable assets like skins.
A key part of their offering is the game center, Pomergame, where players can earn rewards for their time playing. The Pomerdoge platform has undergone a thorough audit by SolidProof and Cyberscope. This demonstrates its strong commitment to ensuring user safety and security. Currently, Pomerdoge is at Stage 1 of its presale, offering the token at a nominal price of $0.007.
Market experts anticipate substantial price surges in the upcoming months, projecting an impressive 4,000% ROI for early investors. Interestingly, individuals who buy the POMD token will receive exclusive benefits such as rewards and access to rare NFTs.
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