Apecoin (APE) and Axie Infinity (AXS), two giant tokens in the crypto space, have lost their bullish momentum in 2023. Currently, investors are moving to more promising projects like Pomerdoge (POMD). Pomerdoge’s presale is currently gathering massive traction in the crypto space.
Apecoin (APE) Joins the Worst Performing Coins of 2023
Apecoin (APE) is an ERC-20 governance token that operates within the APE ecosystem. Although the token’s price skyrocketed after its launch, it has taken a bearish trajectory in 2023.
This is due to growing apprehensions surrounding the NFT ecosystem and its underlying tokenomics. Also, Apecoin stands as one of 2023’s worst-performing cryptocurrencies. The Apecoin value has seen a consistent drop since the beginning of the year.
In 2023, the price of Apecoin has dropped from highs of $66.35 to an all-time low of $1.34. In addition, the Apecoin price is trading below the 50 and 100-day Moving Averages, a sign of bearish sentiment.
Axie Infinity (AXS) 97% From All-Time High
Based on Santiment’s data, the market capitalization of the prominent metaverse projects, namely The Sandbox, Axie Infinity, Decentraland, and Enjin Coin has declined. It has dropped by 92% from its peak of $16 billion in November 2021.
This is due to waning interest in the metaverse and increased scrutiny from the US SEC. Also, numerous attempts by Apple and Meta to revive users’ interest in the metaverse have failed. In addition, the Axie Infinity marketplace suffered a major breach.
As a result, the sentiment of the Axie Infinity token has been bearish for most of 2023. The Axie Infinity price is currently 97.27% away from its all-time high of $165.94. Additionally, in comparison to its 52-week high of $15.292, the asset has experienced a 70.41% decline.
Pomerdoge (POMD) Outperforms Apecoin and Axie Infinity
Pomerdoge (POMD) has emerged as one of the top performers in 2023. With a substantial upsurge over the past two months, the token’s value surged from $0.007 to $0.0115. Notably, Pomerdoge has successfully sold over 80% of its presale tokens during the first stage of its presale.
The project aims to merge the advantages of meme coins with the rapidly growing Play-to-Earn (P2E) sector within its ecosystem. Furthermore, the upcoming blockchain gaming platform wants to create an environment that fosters healthy competition.
As a result, the team will be launching Pomergame, an engaging game, Pomerplace, a marketplace for NFTs and a battle arena. In the coming weeks, Pomerdoge will be releasing a rare collection of 7,777 NFTs in September. However, only those who purchase the POMD token will have access to these NFTs.
Currently, the Pomerdoge token is in its initial presale stage, available for purchase at $0.0115. Interestingly, the POMD token offers significant utility and benefits for its holders. It facilitates the trade of in-game items on Pomerplace. Also, Pomerdoge token holders can generate passive income by staking their tokens.
Find out more about the Pomerdoge (POMD) Presale Today:
Telegram Community: https://t.me/pomerdoge
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