Despite the bearish crypto market, smart investors have taken advantage of this moment to increase their stakes in three promising assets: Polygon (MATIC), Ripple (XRP), and Pomerdoge (POMD). These cryptos have caught the attention of the crypto community as they have shown bullish signals on the price chart.
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What you'll learn 👉
Polygon (MATIC) Bulls and Bears Battle for Dominance
Polygon has been experiencing a gradual decline lately. The bears have managed to pull the price below the 50-day SMA ($0.69) on July 31st. However, Polygon bulls swiftly intervened, pushing the price back above this level on August 1st.
If Polygon’s price turns downward and breaks below the support level at $0.65, it could trigger increased selling pressure. Consequently, Polygon could decline further towards the $0.60 mark.
However, if Polygon should cross the 20-day EMA, it would pave the way for a potential rally toward $0.80. At the time of writing, Polygon is $0.672861. This represents a 2.81% price decline in the last 24 hours and 7.92% in the past week.
Can Ripple (XRP) Soar Past $0.70?
After rebounding off the support at $0.67 on August 1, XRP has found it difficult to cross to higher levels. This pattern indicates that the bears are selling during each minor price pump. Unfortunately, XRP bears are attempting to retest the support at $0.67, which could weaken the level if repeated too frequently. If $0.67 breaks, XRP may drop to $0.56.
On the other hand, a strong rebound from $0.67 would signal robust defense by the bulls. This will propel XRP to the immediate resistance at $0.75. A break above this level could lead to a possible rally toward $0.85.
Meanwhile, famous crypto analyst, Michaël van de Poppe, has advised his followers to hold and DCA. Interestingly, the number of XRP holders with one million tokens or more has recently surpassed 1,900.
Investors Stockpiling Pomerdoge (POMD) As Price Heads for 100x
Apart from Polygon and XRP, investors are also adding another token to their wallets and that is Pomerdoge (POMD). At the time of this writing, Pomerdoge is in its early stage 1 of the presale, offering an attractive price of just $0.007.
However, analysts are already projecting impressive gains of up to 40x for investors in the months ahead. As a result of the strong bullish sentiment, smart investors are doubling down on their investments to get the best ROI possible. Interestingly, Pomerdoge is different from other projects.
It is building a project that will have a unique offering for early investors. Notably, participants in the presale will receive exclusive access to a limited collection of 7,777 NFTs. The benefits of these NFTs are kept secret until the official launch.
This creates a sense of anticipation that has investors flocking to secure their position within the Pomerdoge ecosystem. Meanwhile, SOLIDProof and Cyberscope have already audited this project, ensuring its security and transparency.
Additionally, the Pomerdoge team plans to lock liquidity forever and freeze team tokens for two years. The aim is to create a completely safe and sound project.
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