Binance Struggles: Impact on BNB Investor Sentiment and Pomerdoge Uptrend

Have Investors Lost Hope in BNB After Recent Binance Struggles? Pomerdoge Uptrend Continues

Regulators around the world are cranking up efforts to govern the crypto industry. As a result, Binance, the leading crypto exchange, has been subject to regulatory actions. Its native utility token, BNB (BNB) is also reacting to the growing Binance struggles. In contrast, Pomerdoge (POMD) has been riding a bullish momentum, continuing its uptrend.

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BNB (BNB) Trades Sideways Amidst Binance Struggles

Binance has been one of the most affected crypto firms by the growing global regulatory concerns. In the last month, Binance has been forced to exit several countries including the United Kingdom, Netherlands, Cyprus, and others.

In addition, the U.S. Securities and Exchange Commission (SEC) filed 13 charges against Binance. Other local regulators have also filed charges against Binance over non-compliance. The growing struggles of Binance have taken a toll on the price of BNB (BNB).

Over the last month, the BNB has lacked any form of momentum as investors have been indecisive. This shows in the price movement of the token. In the period, the price of BNB has moved majorly sideways, consolidating within the $235 and $260 range.

At the time of this writing, BNB trades at $240.13 and is down by 0.73% in the last 24 hours. The low volume of BNB shows that neither buyers or sellers are in control of the market. This means investors are waiting to see how the cases with Binance will end before making a move.

Pomedoge (POMD) Uptrend Continues, Hits $0.008

Amidst the growing regulatory concerns, Pomerdoge (POMD), is one of the few altcoins that has been rallying. The growing attention amongst investors and gamers increasing their Pomerdoge stake has kept the token in bull territory.

In the last couple of days, the price of POMD has increased to a new high of $0.008. Pomerdoge is receiving support from investors as it has been projected to transform blockchain play-to-earn (P2E). Spotting a unique social infrastructure along with the best features from top P2E games, Pomerdoge has caught the attention of many gamers.

In addition, Pomerdoge merges blockchain P2E with the fun, meme coin space. In the Pomergame, players will be able to funny customize avatars modeled after the top meme coins. This unique model has made Pomerdoge one of the most followed P2E games.

The Pomerdoge ecosystem also features a local non-fungible token marketplace, the Pomerplace. Here players will be able to sell and trade the in-game items and rewards during their conquests in the Pomergame.

Crypto experts are calling Pomerdoge the meme coin of the year as it boasts more utility than traditional meme coins. As a result, future projections for Pomerdoge are very bullish. While the POMD token currently trades at $0.008, it has been forecasted to reach a high of $0.2 before the year ends.

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Website: https://pomerdoge.com/

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