The cryptocurrency space is always abuzz with innovation and investment opportunities. In this article, we'll delve into the upcoming transformation of Polygon (MATIC) into POL and the bearish trend surrounding ApeCoin (APE). Additionally, we'll explore why investors are increasingly turning their attention to Pomerdoge (POMD), enticed by the potential 17x ROI in 2023.
Polygon (MATIC) To Undergo Transformation Into POL Token
With the need for new and innovative changes in the crypto market, it's no surprise why Polygon (MATIC) is upgrading its network to a third-generation token known as POL. The recent transformation was announced by Sandeep Nailwal, founder of Polygon Labs.
The change is part of the transition into Polygon 2.0. According to the report, the transition will allow investors to stake their bids multiple times in an open market, without having to face the risk of re-staking and losing. Despite the announcement, the Polygon token remains bearish.
The price of Polygon has dropped by more than 4% to the $0.5220 level. However, the drop in MATIC price is a result of a market-wide downtrend. When the launch eventually happens, the MATIC price has been projected to rally as high as $0.7500.
ApeCoin (APE) Price Continues Decline
Over the past week, ApeCoin has seen an increasing decline in its prices, especially from the just concluded Bullish market. With a daily decline of over 1.19%, the price of ApeCoin has dropped to an all-time low at the $1.40 level.
The Apecoin value could unlock even further as a massive token unlock event approaches. In mid-September, Apecoin tokens worth approximately $58.06 million will be unlocked. Based on this data and the insufficient backing in Apecoin whale investors could dump APE after the unlock event.
With this recent development in the prices of ApeCoin, unless there is a major event, the price of Apecoin could continue its decline.
Investors Turn To Pomerdoge (POMD) With 17x ROI Potential
Introduced as a meme coin with a thriving play-to-earn game (P2E) ecosystem, Pomerdoge (POMD) outclasses its counterparts like Shiba Inu, Pepe, and Dogecoin with its utility. Built with the latest tech in P2E, the Pomerdoge game (Pomergame) features customizable characters (Pomers) inspired by meme coins.
Players will enter the game with their Pomers and compete to win rewards. Alongside its many amazing features, is the ability of players to sell the items they collect within the game in Pomerdoge's marketplace known as Pomerplace.
Players will also enter arenas for the chance to win weekly cash prizes worth over $100,000 and a mega prize of $50,000. With the full launch anticipated anytime from now, the founders of this project have promised to release over 7,777 NFTs.
These NFTs will each have a major use within the Pomerdoge ecosystem and will be made available to those who hold the Pomerdoge token, POMD .The presale of POMD is currently ongoing with a price of just $0.0115 and has been projected to give a stunning return on investment (ROI) worth over 1,700% before the year ends.
Find out more about the Pomerdoge (POMD) Presale Today:
Telegram Community: https://t.me/pomerdoge