The crypto world is ever-evolving, with each week bringing new developments and shifts in trends. In this week’s recap, we will delve into Chainlink’s continuous decline and the launch of 1inch Network’s (1INCH) innovative DEX aggregator on the Base network. Further, we will explore the persisting rally of Pomerdoge (POMD), the new entrant in the crypto space.
Chainlink (LINK): The Bears Dominance Increase
Chainlink (LINK) is a blockchain layer that allows blockchains to securely interact with external data feeds and crucial off-chain data. The token is renowned for its focus on decentralized oracle solutions, making it integral to the crypto scene.However, Chainlink is having a bearish week, leading to a dip in price.
This notable fluctuation in the price of Chainlink has resulted in investors and analysts observing its trajectory. Consequently, investors are searching for bullish indicators before jumping back into the Chainlink market.
Moreover, its decline has put its near-term performance in doubt. Nevertheless, market experts forecast a rally soon, meaning a Chainlink rally might be seen in the coming week.
1inch Network (1INCH): Expansion To Base Network With Launch of DEX Aggregator
1inch Network (1INCH) is a decentralized protocol and one of the biggest players in the decentralized finance (DeFi) space. Its decentralized exchange (DEX) aggregator searches for deals across multiple liquidity sources, thereby offering better rates to users.
The DEX aggregator, 1inch Network, recently announced the expansion of its operations to Base, Coinbase’s layer-2 network, on August 24. 1inch Network disclosed the deployment of its aggregation protocol and limit order on the Base network.
This development has been met with enthusiasm from users, with the move set to expand 1inch Network’s influence in the DeFi space.
It will begin its operation by aggregating liquidity across 15 DEX on the Base network. The coming days will show how much effect this notable development will have on the price of 1inch Network.
Pomerdoge (POMD): Defying Market Trends
While the crypto market witnessed fluctuations, Pomerdoge (POMD) has shown resilience and determination. By defying market trends and experiencing a surge in demand, this token has proven it could be a key player after its launch.
Don’t forget our latest competition is running on telegram where we are giving away $5,000 each in POMD tokens to 3 lucky users
— Pomerdoge (@pomerdoge) August 27, 2023
This upcoming project stands out for its perfect blend of meme, P2E, and NFT, contributing to its consistent upward momentum. As a P2E platform, Pomerdoge stands out as it seeks to build a global gaming community. The platform will allow players to have fun playing its thrilling game and earning rewards.
Furthermore, its gaming marketplace will form an integral part of the ecosystem, allowing users to trade valuables collected in the game. Meanwhile, its NFT collection, which will comprise 7,777 NFTs, will contribute to its traction and bolster the ecosystem.
The explosive growth potential of this token further adds to its appeal. According to analysts, POMD will rally from its current price of $0.009 by 30x in 2023. Hence, it is a worthwhile investment and one you should consider investing in.
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