Bitcoin (BTC) has been struggling to cross the $30k mark in the past few weeks despite several attempts. Consequently, Microstrategy, a renowned analytics firm, has seen the value of its Bitcoin holdings drop lately. Meanwhile, Pomerdoge (POMD), a relatively new P2E token, has been garnering attention in the gaming and crypto sectors. Its holders are steadily increasing their holdings, anticipating an impending price surge.
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Microstrategy Suffers After Bitcoin (BTC) Price Dips
MicroStrategy, a publicly traded software company, owns one of the largest Bitcoin holdings of any publicly traded company. As of June 28th, MicroStrategy owned a total of 152,333 Bitcoin. It acquired them at an average purchase price of $29,668, for a total of about $4.52 billion.
The decision of MicroStrategy to invest heavily in Bitcoin has sparked debate within the traditional financial and cryptocurrency community. Notably, the company’s former CEO, Michael Saylor, has been a vocal advocate for Bitcoin.
He is well known for posting about it on his Twitter page and praising it as an inflation hedge and a store of value. However, his tweets have received several backlash due to the damage Bitcoin causes to the environment.
According to MicroStrategy’s earnings report, the value of its Bitcoin holdings fell by over $1.3 billion in 2022. As of July 28th, 2023, Bitcoin is trading at $29,238.49, a 0.83% price decline in the last 24 hours. This brings Microstrategy’s Bitcoin holdings to about $4.45 billion.
Pomerdoge (POMD) Holders Accumulate Tokens Ahead of Price Surge
Despite Bitcoin’s price plunge, Microstrategy remains bullish. The company said it will only liquidate its holdings in cases of extreme price correction. Unlike Bitcoin, Pomerdoge is gearing up for a higher price increase.
Analysts have predicted a 4,000% price jump. As a result, both old and new investors are going hard in the presale stage buying more tokens. Pomerdoge is actively developing a P2E game, aiming to connect the gaming and crypto sectors. Moreover, the global blockchain gaming market is expected to reach USD 65.7 billion by 2027 (MarketsandMarkets, 2022).
Presently, investors are expressing significant interest in its growth potential. SolidProof and Cyberscope have already audited the platform making it safe for users. As a result, players worldwide will be able to enjoy competitive and entertaining gaming experiences.
Pomerdoge has a native token, $POMD, which functions as an in-game currency, granting users access to incentives, exclusive items, and NFTs. Additionally, the project has exciting plans to launch a limited collection of 7,777 NFTs, just for token holders.
Currently, the Pomerdoge token is priced at just $0.007, and the best part is that it comes with no buy or sell taxes. This tax-free approach allows both buyers and sellers to earn more profit on their investments.
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Website: https://pomerdoge.com/
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