Microstrategy, the software giant is set to release its balance sheet report soon. Meanwhile, investors are wondering if Bitcoin (BTC) still leads their holdings given Bitcoin’s recent price drop. Two other tokens that have gained attention in the crypto space are Ripple (XRP) and Pomerdoge (POMD). While Ripple’s SEC case has taken a new turn, Pomerdoge is conquering the blockchain gaming space with its token presale.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
MicroStrategy Reveals Balance Sheet, Where Is Bitcoin (BTC)?
MicroStrategy, a public firm known for its high Bitcoin purchase is set to announce its Q2 2023 earnings report today. Despite criticism, the company remains committed to using Bitcoin as a hedge against inflation.
Many were not expecting that MicroStrategy would have sold some of its Bitcoin holdings. Moreover, the company’s former CEO has reiterated that MicroStrategy will not sell its Bitcoin. Interestingly, the firm has over 152,333 BTC worth about $4.5 billion at an average price of $29,668.
Meanwhile, Bitcoin has dropped below the crucial $29,000 price point. According to CoinMarketCap, it is trading at $28,853.77 after falling 1.85% in the last 24 hours. This drop comes after the US SEC filed a lawsuit against Richard Heart and his crypto ventures, PulseX, PulseChain, and Hex.
Ripple (XRP) Remains Bullish Despite Breaching Critical Support
According to recent developments, the proceedings of the SEC vs. Terraform Labs case have cast doubt on Ripple’s victory. The Judge presiding over the Terraform Labs case had dismissed Ripple’s victory.
Consequently, due to these developments, XRP has fallen below the $0.7 area. Besides, the token has been fluctuating between the $0.965 and $0.666 levels in the past month. Nevertheless, if the ruling in the SEC vs. Ripple lawsuit is officially questioned, the XRP price could plummet by 25%.
Such a move would bring XRP down to the $0.520 support level of $0.520. In a worst-case scenario, the altcoin might even drop as low as $0.392. Currently, XRP is trading at $0.687532, a 2.35% price decline in the last 24 hours.
Pomerdoge (POMD) Outperforms the Crypto Market
Pomerdoge (POMD) is building a play-to-earn game that will transform the crypto and blockchain gaming space. Interestingly, the platform has attracted investors from across the crypto ecosystem with its token presale.
The upcoming blockchain-based game, “Pomergame” adds to the anticipation, promising unprecedented thrills and rewards for players. Pomergame functions as the central hub for enjoyment and rewards, providing players with the opportunity to connect, compete, and earn.
Gamers can enhance their characters or avatars to elite levels and create customized digital items for their virtual personas. Furthermore, players have the opportunity to engage in exciting battles, fighting their Pomerdoge against other members. Another feature of the ecosystem is Pomerplace, an upcoming marketplace.
Players will be able to buy, sell, and trade valuable in-game items on the marketplace. The ecosystem takes pride in its NFT collection, featuring 7,777 digital collectibles. This will be accessible to only Pomerdoge holders.
Currently in its first stage, the presale offers POMD tokens at just $0.007. Market experts have forecasted a 17x price surge soon and 5,000% gains by the end of 2023.