Despite the recent market dip, XDC Network (XDC), Optimism (OP), and Pomerdoge (POMD) have sparked a price rally. Their values have surged in the past week, raising questions about the factors driving their positive momentum. Let us look at some possible reasons behind their bullish price movement.
XDC Network shows huge gain on the weekly chart
XDC Network (XDC) has been on a bullish run in the past week despite the bearish market. It is currently trading at $0.070711, 20.37% higher than its value just seven days ago. Nonetheless, despite the token’s impressive resilience, a slight setback is evident. The price of XDC Network has dropped by 1.31% in the past 24 hours.
Despite this temporary decline, XDC Network’s current price remains more than 126% higher than its value 30 days ago. This upward trajectory suggests that the bullish sentiment remains steadfast in its determination to weather the ongoing market fluctuations.
The recent bullish sentiment in the XDC Network community could be due to its upcoming ecosystem events. In an announcement on August 4th, the XinFin Network revealed that the XDC Network is the official Tera Byte sponsor for the August ETHToronto Hackathon.
Optimism soars 8% in the bearish market
Optimism is exhibiting a robust upward momentum, edging closer to the $2 mark. Moreover, it has surpassed all significant exponential moving averages (EMAs). The price had been confined within a narrow consolidation zone, fluctuating between $1.42 and $1.59. Optimism has breached this consolidation range, marking a significant breakthrough.
According to reports, Optimism has emerged as one of the altcoins demonstrating resilience. This altcoin has greatly capitalized on introducing Worldcoin (WLD), a token built upon the Optimism protocol.
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The last four candles on the weekly chart display a bullish trend. Additionally, the Relative Strength Index (RSI) is rising toward the overbought region, reaching a value of 66. At the time of writing, Optimism is valued at $1.71, an 8.17% price increase in the past 7 days.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Pomerdoge to pump 17x after a recent bull run
XDC Network and Optimism are not the only tokens with bullish price movements. Pomerdoge (POMD) is also part of the altcoin market rally. Pomerdoge’s token has seen significant interest from cryptocurrency enthusiasts in the presale phase.
The project aims to create an extensive platform that allows users to enhance avatars, earn rewards, and participate in asset trading. A key aspect of Pomerdoge’s upcoming ecosystem is its gaming hub, Pomergame, which rewards players based on gameplay time.
It allows holders to acquire NFTs, unlock rewards, and conduct transactions within the Pomerdoge marketplace. Currently, in Phase 1 of its presale, Pomerdoge is up for sale at just $0.007. Industry experts predict significant price surges in the coming months, projecting a 17x ROI for buyers this year.
In addition to the presale, Pomerdoge presents various prizes and giveaways. These prizes encompass a tempting mega Pomer prize of $50,000 and giveaways totaling over $100,000. You can be part of the giveaways through two options. First, you can hold the $POMD token. Secondly, you can actively interact with Pomerdoge on Telegram and Twitter.
Find out more about the Pomerdoge (POMD) presale today:-
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Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
