The crypto market is volatile and bearish, with Binance Coin (BNB) and Uniswap (UNI) posting deep losses. Amid this crash, Pomerdoge (POMD) is being explored, attracting investor attention.
BNB trades above $200 support
Binance, the largest centralized crypto exchange, remains unfazed by increasing regulatory pressure.
Bifinity, the crypto-to-fiat processing unit of Binance, records show, is Lithuania’s second largest corporate taxpayer, with over $45 million paid, excluding VAT, in 2022.
BNB Chain Labs also recently launched a new layer-2 network, opBNB.
Despite supportive fundamental factors, BNB is under pressure, recently falling to as low as $208.
While $200 is a critical support level, analysts are optimistic, expecting prices to recover in the months ahead.
Uniswap activity triggers more ETH burning
Uniswap, a decentralized exchange (DEX) on Uniswap, recently reached a new milestone.
With a cheaper alternative and gas-free swapping, the exchange is one of the largest drivers of ETH burning since Ethereum Merged, shifting to a proof-of-stake (POS) system.
Recent statistics show that the DEX has burnt 5x more ETH since the Merge than any other protocol.
Even so, this has not been reflected in UNI prices.
The token has been dumping since mid-August after bulls failed to break above the $7 liquidation line.
Following the rejection, prices have nearly halved, reaching 2023 lows at $4.16.
Still, $4 is critical support, and analysts are optimistic, expecting a recovery.
Pomerdoge defies bears
While BNB and UNI fall, Pomerdoge (POMD) is firm, on an uptrend, spiking to a high of $0.014.
Pomerdoge is developing a gaming ecosystem where players can create and personalize avatars inspired by Pomers, which are meme coins.
The ecosystem will also feature a Pomerplace marketplace where players can buy, sell, and exchange valuable objects and rewards they collect in the game.
In addition, the project plans to launch a limited collection of 7,777 NFTs in September.
With the launch of the non-fungible tokens (NFT) collection near, POMD is steadying.
The token is available for $0.014 in the presale, with investors expecting prices to reach $0.030 by the end of September.
Find out more about the Pomerdoge (POMD) presale:
Telegram Community: https://t.me/pomerdoge
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.