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With the general crypto market under bearish pressure, investors are looking for assets with bullish potential by December. In this article, we will look at the price forecasts for three top cryptocurrencies — Shiba Inu (SHIB), Binance Coin (BNB), and Pomerdoge (POM).
The Shiba Inu burn rate soared by 323% in September, reaching a total of over 177.8 million SHIB tokens. This remarkable increase in Shiba Inu's burn rate has recently garnered significant attention from investors.
This has ignited enthusiasm among investors. However, despite this update, the token's price remained in the red. Due to the recent crypto market drop, the Shiba Inu price has declined to lows of $0.00000715 per token.
Meanwhile, Shiba Inu developers are currently working towards the enhancement of the ecosystem. Also, the token has been part of top discussions on X, Reddit, and others. As a result, analysts have predicted that the Shiba Inu coin can trade between $0.00000866 and $0.00000887 with an average of $0.00000877 by December.
The BNB coin has been trading in a sideways movement in recent days. It is currently trading at $212, a decline from its peak of $218 reached on September 8th. Presently, the price of BNB stands at $207.25 as the crypto market decline continues.
Meanwhile, the bulls must regain market control by pushing BNB above the $220 critical resistance level. However, the moving average indicators and the RSI are currently in a neutral state. This signifies the absence of a prevailing market trend at this moment.
If the bears successfully breach this level, it could trigger a further downward price movement. Nevertheless, experts are bullish on BNB despite its litigation with the US SEC. They see BNB trading between $236.65 and $253.74 with an average of $245.20 by December.
Pomerdoge has emerged as one of the standout crypto performers of 2023, with its value experiencing a substantial upswing. The price of the Pomerdoge token has soared from $0.007 to $0.014 over the past two months. Notably, Pomerdoge has successfully sold over 50% of its presale tokens.
This achievement shows a huge interest from investors and the crypto community. The project's goal is to merge the benefits of meme coins with the burgeoning Play-to-Earn (P2E) sector. In addition, the upcoming blockchain gaming platform has ambitious plans to nurture a competitive environment.
To achieve this, the team will launch Pomergame, an engaging game, Pomerplace, which serves as a marketplace for NFTs, and a battle arena. Furthermore, Pomerdoge is gearing up to release a rare collection of 7,777 NFTs in September. However, only those who acquire the POMD token will gain exclusive access to these NFTs.
In its current presale stage, the Pomerdoge token is available for purchase at $0.014. Unlike other tokens and meme coins, the POMD token provides great utility and advantages for its holders. It facilitates the trading of in-game items on Pomerplace. Also, Pomerdoge token holders can generate passive income through token staking.
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
