Ethereum (ETH) Showing Bullish Signals, Can It Recover to $2,000? Pomerdoge (POMD) Sets $0.035 As the Next Price Target
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Ethereum (ETH), the leading altcoin and DeFi ecosystem, is currently showing bullish signals on the price chart. This has raised investors’ hope for a potential recovery towards the $2,000 mark. Meanwhile, Pomerdoge (POMD), a new gaming token, is targeting $0.035 after gaining massive attention.
Can Ethereum (ETH) Climb To $2,000?
According to CoinMarketCap, Ethereum has failed to record any bullish movements in the past week. Currently, ETH is trading at $1,849.94, a -0.70% price decline in the last 24 hours. ETH is showing gains of only 0.74% on the weekly chart. Ethereum’s performance has remained relatively modest over the past week and month.
Still, it has managed to maintain positive gains. Notably, the altcoin has experienced an impressive 55% surge since the beginning of the year. Investors are currently awaiting a price recovery to $2,000. Fortunately, the altcoin has shown bullish price signals.
Firstly, Ethereum’s RSI has surged close to 70, indicating significant buying pressure that has yet to reach an excessive level. Another positive sign is the convergence of Ethereum’s 30-day moving average towards its 200-day average. This alignment could potentially signal more price gains as long as the trend continues.
Furthermore, PayPal has announced plans to launch its own stablecoin on the Ethereum network. This announcement is expected to contribute to Ethereum’s rise. Projections are suggesting a potential increase to $1,900 soon and the possibility of ending 2023 around $2,500.
Pomerdoge (POMD) Sets $0.035 As Next Price Target
While Ethereum holders await a price recovery to the $2,000 region, Pomerdoge (POMD) is making its way to the $0.035 mark. Notably, the project has seen increased adoption from investors selling over 70 million tokens. Additionally, over 700 users joined its Telegram community lately.
Pomerdoge is poised to establish its dominance within the blockchain gaming market. Its aim is to integrate gaming elements with blockchain technology and reward every participant for their engagement in the virtual world. Furthermore, those who take part in the POMD presale will also benefit from a share of the game’s earnings based on their holdings.
This innovative approach has the power to cultivate a dedicated community, thereby enhancing the project’s expansion and advancement. Additionally, the ecosystem comprises various components. First, there is Pomergame, a P2E virtual realm where players have the opportunity to earn while playing.
Each player in the Pomergame possesses a Pomer, a character that can be leveled up and enhanced throughout the gameplay. Another integral part of the ecosystem is Pomerplace. This is a dedicated marketplace where users can buy, sell, or trade assets.
Just in stage one of its presale phase, the Pomerdoge token is trading at just $0.008. Nevertheless, analysts express optimism about its future prospects. Analysts currently anticipate that the next price target for Pomerdoge could be $0.035.
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