With Litecoin (LTC) halving a few days away, analysts are wondering if the event will cause a price surge. Historically, halving events have been the trigger for a price rally. Hence, this might be the case with Litecoin. On the other hand, Pomerdoge, an emerging P2E token, is tapping into the billion-dollar blockchain gaming market. As a result, experts are predicting a 50x price surge in the coming months.
Can Litecoin (LTC) reach a year high after halving?
Litecoin (LTC), a major altcoin in the crypto ecosystem, is trending downward as its halving approaches on August 2nd. This is the third halving in Litecoin’s history and will reduce the issuance of LTC to miners by half. Typically, crypto assets experience price increases before halving events.
However, Litecoin’s recent on-chain metrics have worsened, suggesting a bearish outlook for its price. According to data from Santiment, the number of daily active addresses on Litecoin has experienced a significant decline. Additionally, social dominance has waned throughout July.
Meanwhile, Litecoin is bearish today, trading at $91.18, above the $90 key support level. Given the bearish on-chain metrics and poor price action, Litecoin may not achieve a short-term recovery above the $100 resistance.
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However, many analysts expect that the LTC halving 2023 will be enough to catalyze a breakthrough in that resistance area. The LTC coin price forecast set a year-end target price of $153, while Long Forecast predicted $150. This is more than a 60% increase from Litecoin’s current price of $91.18.
Pomerdoge (POMD) price to pump 50x in 2023
MarketsandMarkets has predicted remarkable growth in the global blockchain gaming market, projecting a value of $65.7 billion by 2027. Pomerdoge is launching in this exciting, fast-growing sector. The new P2E game aims to tap into this immense potential to overtake meme coins like Dogecoin and Shiba Inu.
Pomerdoge is building a distinctive play-to-earn (P2E) cryptocurrency game that will connect players worldwide. It promises to provide them with an immersive gaming experience. Players will also be able to interact and network with each other, helping to build an interconnected ecosystem.
The ecosystem will also feature an NFT marketplace called the Pomerplace. Here, gamers will easily buy, sell, and trade their Pomerdoge avatars. SolidProof and Cyberscope have successfully audited the project to ensure reliability and security.
POMD, Pomerdoge’s native token, and in-game currency have several benefits for holders. It will allow them to access NFTs, earn rewards, and purchase items from the Pomerdoge marketplace. In stage one of its token presale, $POMD is currently available at just $0.007.
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Early Pomerdoge buyers will gain access to a limited collection of 7,777 NFTs. This will further increase their earning potential. Also, they will receive a percentage of the game’s revenue based on their token holdings.
