In the evolving crypto landscape, a market trend has caught the attention of analysts. This noteworthy trend concerns whales diversifying their holdings from NEAR Protocol (NEAR) and Avalanche (AVAX) to Pomerdoge (POMD). As a new entrant in the crypto space and a promising contender, Pomerdoge’s appeal has caught the attention of both retailers and whales.
NEAR Protocol (NEAR): Decreasing Investor Appeal
NEAR Protocol (NEAR) is a layer-1 blockchain. Its value proposition revolves around a community-run cloud computing platform that eliminates major challenges in the blockchain ecosystem. These include low transaction speeds, low throughput, and poor interoperability, making NEAR Protocol a top pick in the blockchain ecosystem.
Thanks to its solid fundamentals, it has become a great environment for decentralized applications (dApps). Also, its unique solutions to scaling problems and novel consensus mechanism, “Doomslug,” set it apart in the blockchain space.
However, lately, NEAR Protocol has been showing underwhelming market movement. Its weak bullish momentum has made investors reconsider their position. Hence, some investors can be seen diversifying their assets into alternative investments with significant growth potential.
Avalanche (AVAX): Shift in Investor Sentiment
Avalanche (AVAX) is also a layer-1 blockchain like NEAR Protocol, albeit with a different approach. It functions as a platform for decentralized applications and custom blockchain networks. Further, Avalanche’s high transaction output of up to 6,500 transactions without compromising scalability makes it a top pick in the blockchain space.
Although Avalanche is a big player in the crypto scene, recent developments have seen growing diversification from Avalanche to alternative investments. This trend is linked to its apparent overvaluation.
According to experts, $AVAX is likely to experience more downturns in the future. Nevertheless, it is still one of the top altcoins in the crypto market and can pull off a surprise with a substantial rally.
Pomerdoge (POMD): Exploring the Allure
Pomedoge will join well-established players in the crypto market like NEAR Protocol and Avalanche after its launch. As an emerging token, it has swiftly gained traction within the crypto community thanks to its fascinating value proposition. This has seen it raise $4.9 million in its fundraising journey, which is an impressive feat.
Its intersection of meme appeal and a vibrant ecosystem adds to its allure. As a meme-inspired token, it aims to gather a large following of meme enthusiasts, which will contribute to its growth. On the other hand, its vibrant ecosystem will consist of a thrilling play-to-earn (P2E) game, a gaming marketplace, and an NFT collection.
Its new and exciting game promises to connect players globally, thereby allowing interaction alongside fun and competition. Additionally, players will be paid for their time as they will earn rewards and tokens while playing and competing with other players. Further, items and valuables collected while playing can be traded on the gaming marketplace, which will further add to players’ passive earnings.
As a token with tangible utility, it will be the in-game currency, which contributes immensely to its appeal. Also, it will be used to access the coveted NFT collection, which comprises 7,777 NFTs.
Although the POMD presale is ongoing, it is selling out fast. It is currently trading at $0.0165, which is a low entry point for an emerging community and a token poised to soar.
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.