The cryptocurrency market is about entering another altseason where altcoins outperform Bitcoin. Entering this new altseason, Ethereum (ETH) and XRP (XRP) have emerged as the best-performing assets. Meanwhile, some have predicted that the new P2E game, Pomerdoge (POMD), could be a top contender in the altseason with gains reaching 4,000%. But, does it have what it takes to perform as predicted?
Layer-2 Developers Hyped About New Ethereum (ETH) Upgrade
The popularity of Ethereum (ETH) makes it one of the hubs of layer-2 developers in the blockchain space. These developers are putting their support behind a new upgrade, the EIP-6968. This proposal seeks to introduce Contract Secured Revenue on the Ethereum blockchain.
If passed, dApps developers will be able to earn a percentage of all transaction fees generated by their users. While developers are in support of this new upgrade, market experts have predicted that it could lead to more development on Ethereum.
Ethereum also has been at the forefront of the altseason, outperforming Bitcoin. In the last 24 hours, the transaction volume of Ethereum has spiked by 85%, signaling even more gains. Now trading at $1,867, the price of Ethereum has been forecasted to top $2,000 in August.
Ripple (XRP) Price and Network Activity on the Rise
Since its partial victory against the SEC, Ripple (XRP) has been one of crypto's top performers. The price of XRP jumped by more than 70% to top $0.85 for the first time in 15 months. In the last 30 days, Ripple maintains 46.5% of its gains.
In addition, the network activity on the XRP Ledger has been on the rise in the last three weeks. The Republic of Palau is developing its stablecoin on the XRP Ledger. In addition, Hong Kong-based Fubon Bank will also test the tokenization of real estate programs on the blockchain.
With these increased activities, crypto experts have predicted even more price increases for Ripple. Now trading at $0.7048, the price of Ripple is forecasted to overcome the $1 barrier in the third quarter.
4,000% Pomerdoge (POMD) Price Surge?
While Ethereum and XRP are set up for significant gains, some have predicted explosive growth for Pomerdoge. Now in phase one of its presale and priced at $0.007, the price of POMD has been forecasted to increase by 4,000% by the fourth quarter.
Predictions for Pomerdoge are super bullish because the new projects seeks to transform the blockchain P2E gaming space. Pomerdoge features the best features from its top P2E games along with the doge-theme of meme coins.
Pomerdoge also fuses entertainment with financial opportunity, opening up gamers to massive earning potential. Every week, Pomerdoge will host competitions and giveaways totaling $100,000. As a result, the game is already building a massive following.
In addition, early presale backers will get an opportunity to own an NFT from the exclusive collection that will be released as the game launches. These features make Pomerdoge one of the most appealing P2E games and position it as one of the leaders in the upcoming altseason.
Find out more about the Pomerdoge (POMD) Presale Today
Telegram Community: https://t.me/pomerdoge
This content is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Florida Times Daily journalist was involved in the writing and production of this article.