Blockchain gaming tokens like The Sandbox (SAND) and Axie Infinity (AXS) are currently experiencing persistent negative price movements. This has pushed investors and gamers to new gaming tokens like Pomerdoge (POMD) which offers more utility and rewards.
Axie Infinity (AXS) Price Collapse As Trading Volume Drops
Axie Infinity (AXS) is a virtual world abundant with adorable, powerful creatures called Axies. These charming beings can be engaged in battles, bred, collected, and utilized to acquire resources & collectibles, all of which are tradable on an open marketplace.
Despite being ranked among the top 50 crypto projects, Axie Infinity has encountered poor performance in 2023. Currently, Axie Infinity is trading at $5.85, a 0.37% price decline in the last 24 hours. The token’s price is also bearish on the weekly chart showing a 4.63% price decline.
Similarly, the trading volume of Axie Infinity has dropped by 3.10% in the last 24 hours. This represents a decrease in market activity and enthusiasm among investors.
The Sandbox (SAND) Token Unlock Draws Near
The Sandbox (SAND) is a P2E gaming platform that empowers players to design and monetize their gaming experiences using NFTs. Additionally, it grants players ownership of in-game assets and offers income-generation avenues.
The Sandbox is set for a token unlock of 332.55 million SAND tokens on August 14th. However, whale-selling activity has increased in the past month.
If whales persist in applying sell pressure, retail investors might soon follow the bearish trend. Consequently, as the token unlock approaches, The Sandbox price might drop to $0.30. Currently, The Sandbox is valued at $0.406516. This reflects a -5.79% decrease in the past 7 days.
Pomerdoge (POMD): Best Performing Blockchain Gaming Token
Unlike Axie Infinity and The Sandbox, Pomerdoge (POMD) has had a great performance in the past month soaring to $0.007. The project has attracted investors from all corners of the crypto space. Pomerdoge wants to offer players a comprehensive ecosystem.
This new project will be centered around a play-to-earn (P2E) game called Pomergame, an in-game marketplace known as Pomerplace, and a utility token that has several benefits. In the Pomerdoge P2E game, players will be able to earn rewards through competitive gameplay. Additionally, the Pomerplace will introduce an additional dimension to the Pomerdoge universe.
Players will be able to buy, sell, or trade in-game assets on its dedicated marketplace. This will enhance gameplay and provide users with an additional avenue to earn rewards. Pomerdoge’s native token is more than just a typical memecoin. the POMD token grants its holders genuine utility, allowing them to make purchases and unlock special rewards.
This focus on utility sets Pomerdoge apart from numerous meme coins that primarily rely on novelty and meme appeal. Fortunately, Pomerdoge is offering POMD at a discounted rate of $0.007 during the initial phase of the presale. It is crucial to note that this opportunity will not remain forever, as the price will increase in subsequent phases.
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