In every bull market, investors always look for cryptocurrencies that could yield the best investment return. While the second half of 2023 has been marked to be bullish, two top cryptocurrencies, Ripple (XRP) and Cardano (ADA), have been stagnant, trading sideways. Meanwhile, a new crypto, Pomerdoge (POMD), has been making big moves, with an experienced crypto analyst predicting it could be the best investment for 2023.
Experienced Analyst: Pomerdoge (POMD) Could Be 2023’s Best Investment
Pomerdoge is building a unique P2E game that will connect players from around the globe. The Pomerdoge ecosystem will have three key components; NFT collections, Pomergame (an immersive game centre with rewards and compensation), and Pomerplace (a marketplace for the buying, selling, and trading valuable in-game items).
Find Out More About The Pomerdoge (POMD) Presale
POMD is an in-game currency enabling users to earn rewards, access NFTs, and purchase items from the Pomerdoge marketplace. The project has successfully undergone a comprehensive audit with the InterFi network, instilling confidence among users regarding the safety and integrity of their assets within the ecosystem.
Crypto market experts are bullish about Pomerdoge, predicting that the project has the potential to revolutionize the blockchain industry. With the blockchain industry growing by 2,000% from Q1 2022 to Q2 2023, there are early signs that Pomerdoge could turn out to be the best investment for 2023, especially for early investors.
Ripple (XRP) Trades Sideways As SEC Case Draws to An End
Since 2020, Ripple (XRP) has been in court defending SEC claims that the crypto was issued as an unregistered security. With Attorney Rispoli speculating that the case would end in August, many expected major price action from Ripple. However, that has not been the case, as Ripple (XRP) has moved minimally over the last few days.
In the last 24 hours, the price of Ripple (XRP) is up by 0.1% and now trades at $0.4671. In the last seven days, the price of Ripple (XRP) is down by 0.81% as the coin stagnates. With Ripple trading sideways, many investors have moved to cryptos promising better returns like Pomerdoge (POMD).
Cardano (ADA) Leads Development Activity But Shows Little Price Action
Cardano (ADA) is another crypto that has lacked momentum recently. The troubles for Cardano (ADA) started after the SEC labelled the crypto security in lawsuits filed against Binance and Coinbase. Since then, the price of Cardano (ADA) has only declined or traded sideways. Cardano’s lack of momentum comes amidst being ranked as the top crypto project based on development activity.
According to recent data from Santiment, Cardano (ADA) has been the frontrunner in blockchain development over the last few weeks. According to the report, Cardano’s development activity chart showed 133 development counts, higher than every other crypto. However, this has been unable to force any bullish momentum on Cardano (ADA), with the coin up 0.2% in the last 24 hours but down by 12.3% over the last 30 days.
Lack of Price Action Force Investors To Pomerdoge (POMD)
With Cardano (ADA) and Ripple (XRP) showing very little price action, investors are moving to cryptos with more upside potential, like Pomerdoge (POMD).
As a project that promises to transform the blockchain gaming industry, analysts have predicted that the price of Pomerdoge could spike by as much as 40x. This makes the current price of POMD only $0.0000264 per token an excellent opportunity to stack the best investment for 2023 before the price surge.
