The goal of every investor is to make maximum returns. Hence, the decision to sell or keep tokens is always crucial for every investor. Since the crypto market is volatile, it becomes critical for investors to conduct in-depth research before holding a token.
Keep reading to find out why veteran investors are holding Ripple (XRP), ChainLink (LINK), and Pomerdoge (POMD).
XRP (XRP) Is Attaining New Unprecedented Heights
Ripple (XRP), a renowned token due to its transformative ability in financial services and community, has gained an unprecedented increase in adoption. Binance Pay has launched in Brazil, and the importance is for local businesses to accept cryptocurrency as a form of payment. XRP, which is one of the tokens supported by Binance Pay, might see its price head north as more individuals will want to use it to make payments.
Also, a new report by Bithumb has shown how popular XRP is in South Korea. The proportion of young investors holding the token is about 3.2% higher than Ethereum and Bitcoin. The major reason many investors are holding XRP is because of its versatile use cases for micropayments, DeFi, and even NFTs.
It predicts a bright future. The token soared back in July and despite its subsequent retracement, many believe it could aim for the $1 price tag.
Chainlink (LINK): Why Are Investors Positive Despite the Bear Market?
Chainlink (LINK) is one of the tokens affected by the bear market. Its price dropped by 30% in the last 30 days and 11% in the last 7 days. However, Chainlink has been experiencing an uptrend in the last few days, suggesting a brighter future could be on the horizon.
The coins trading volume has also surged by over 50% in the last few days. This is an indication that holders are optimistic of a rally soon. The technical analysis of Chainlink shows that the green lines dominate, which could signal an upcoming rally.
According to some forecasts, Chainlink could trade above $8 in September. The impressive price performance of LINK could be the reason investors are holding onto the token.
Pomerdoge (POMD): A Token With a Lot of Prospects
While investors are holding onto XRP and LINK, Pomerdoge is another project that has attracted investors because of the benefits the platform is offering.
The new play-to-earn platform will connect players across the world, allowing interaction while playing a fun and competitive game. The Pomerdoge is divided into three platforms which are the gaming platform called Pomergame, the marketplace called Pomerplace, and the NFT collection.
Be there or be square pic.twitter.com/iw2BMK01Wt
— Pomerdoge (@pomerdoge) August 23, 2023
Pomergame allows each player to have their own unique avatars and bond with other players. The players can trade their in-game items on Pomerplace. Additionally, there is a 7,777 NFTs collection that is available only to presale buyers.
Presale investors will earn a percentage of the revenue generated from the Pomergame platform. However, the revenue will be shared based on the number of POMD tokens an investor is holding.
Cyberscope and SolidProof have audited Pomerdoge to prove that it is safe to invest. Also, the liquidity of the token will be locked for life to further prove the platform’s reliability. The POMD token is currently selling for $0.009 and is on presale.
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