According to a report by Nansen, crypto whales have spent the past days trading cryptocurrencies like Pepe (PEPE) and Arbitrum (ARB) on Coinbase’s Ethereum-adjacent blockchain, Base. Currently, investors are wondering if these whales would turn to Pomerdoge (POMD).

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Arbitrum (ARB) must hold the current level to spark a rally 

Arbitrum (ARB) has maintained a trading range of $1.165 to $1.335 for almost a month. Although Arbitrum dipped below the lower range at $1.165 on July 31st, it managed to reclaim its position within the range. The success of the Layer 2 token’s upward scaling relies on its ability to remain within this range. 

In addition, Arbitrum has seen increased trading activity from whale investors. Currently, ARB is trading at $1.17, a 0.78% price decline in the last 24 hours. Fortunately, it is showing a 2.26% price increase in the past 7 days. 

Indications from both the Relative Strength Index (RSI) and the Awesome Oscillator (AO) point toward exhaustion within the overbought zone. As a result, the likelihood of a range breakdown increases. If Arbitrum drops below $1.16, it would validate the presence of sellers. This could potentially initiate a significant 10% decline to $1.054. 

Whale amass large quantities of Pepe (PEPE) 

Amidst the uncertainty prevalent in the wider meme coin market, Pepe (PEPE) has risen as a symbol of unwavering strength. An anonymous whale bought large quantities of the memecoin recently. According to Lookonchain, the whale used 1 million USDC to buy 807 billion PEPE tokens. 

Presently, PEPE is valued at $0.00000123, a decrease of 1.07% in price over the past day. However, Pepe must surpass the resistance at the 50-day SMA ($0.000001462). A successful breach of this threshold holds the potential to ignite a bullish rally in the longer term.

Pomerdoge (POMD) attracts Whale interest with utility and huge potential 

Analysts have forecasted that Pomerdoge (POMD) will see increased whale activity in the coming weeks like Arbitrum and Pepe. Notably, the project has experienced a surge in adoption, with over 70 million tokens sold by investors. Moreover, the recent influx of over 700 users into its Telegram community underscores its growing popularity. 

Pomerdoge is positioned to assert its dominance in the blockchain gaming market. The project’s primary objective is to seamlessly merge gaming elements with blockchain technology, offering rewards to all participants engaged in the virtual realm. 

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This innovative approach has the potential to foster a devoted community, thereby augmenting the project’s expansion and progression. Furthermore, the ecosystem is composed of several key components. Firstly, there is Pomergame, a play-to-earn virtual world where players can accumulate earnings as they engage. 

Another crucial facet of the ecosystem is Pomerplace, a dedicated marketplace that empowers users to trade, buy, or sell assets. Despite being in the initial stage of its presale, the Pomerdoge token is currently valued at only $0.008. Nevertheless, analysts remain bullish about its future potential. They foresee a promising next price target of $0.035 for Pomerdoge.

Find out more about the Pomerdoge (POMD) presale today:

Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge

 

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