Given the bearish market trend, PancakeSwap (CAKE), a decentralized exchange (DEX), has been on a descending pattern. However, the trajectory of CAKE could change as the DEX joins the zkSync ecosystem to attract more users. Meanwhile, Pomerdoge (POMD) holders are on an accumulation spree, buying a large amount of POMD tokens. News has it that a 50x price surge is on the way.
PancakeSwap (CAKE) Joins DeFi Giants That Have Embraced zkSync
PancakeSwap (CAKE), a Decentralized Exchange (DEX), has launched PancakeSwap v3 on zkSync Era, a Layer 2 scaling solution. zkSync is built on the Ethereum blockchain and utilizes the popular zero-knowledge rollup (ZK-rollup) technology.
Overall, this launch promises to bring enhanced scalability, efficiency, and cost-effectiveness to all its users. Meanwhile, the announcement highlights the growing popularity of ZK rollups and the increasing interest among users in Layer 2 solutions.
Notably, PancakeSwap v3 brings several exciting features. These include swaps, liquidity farming, liquidity provision (LP), and initial farm offering (IFO). What’s next? This integration is expected to attract more users to PancakeSwap and increase its revenue which has declined by 26.02% in the past 30 days.
Pomerdoge (POMD) Doubling Down on Their Investment
While PancakeSwap is capitalizing on the ZkSync ecosystem, Pomerdoge, a new P2E project is making its foray into the blockchain gaming market. The Pomerdoge ecosystem revolves around three essential components: NFT collections, Pomergame, and Pomerplace.
The Pomergame will serve as a game center that will reward players for their time. Gamers will be able to create, customize, and equip their avatars called Pomerdoges. They will use their Pomerdoges in arenas to compete against other gamers. Consequently, this will build a social structure in the ecosystem enabling gamers to both network and compete.
At the center of the Pomerdoge ecosystem is its utility token, POMD. The POMD serves various uses including feeding the Pomerdoge. As a result, POMD is often called the “Pomer food” within the ecosystem. Buying POMD also gives you access to exclusive NFTs that will soon be released.
Market experts are bullish on Pomerdoge because it launches in the fast-growing P2E marketplace. Since the first quarter of 2022, the market cap of the P2E ecosystem has skyrocketed by over 2,000%. This has set the stage for Pomerdoge’s exciting launch in this thriving ecosystem. The project has already achieved remarkable success, evident from its presale, which surpassed expectations.
To prevent cyberattacks common in the P2E space, Pomerdoge places a strong emphasis on user safety and has undergone audits by SolidProof and Cyberscope. Furthermore, crypto experts have expressed optimism about the prospects of POMD. At its current price of $0.007, they have forecasted a potential increase of up to 4,000% before December.
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