Institutional interest in crypto excites investors as it brings new money into the market. Solana (SOL) is one crypto that has received increasing institutional interest in 2023. Also, Shiba Inu (SHIB) is preparing for major developments that could spark a rally while Pomerdoge closes in on a major milestone.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Institutional Interest in Solana (SOL) Continues
Over the last two months, institutional investors have been withdrawing from crypto products. The increasing outflows can be linked to regulatory issues and declining market prices. However, the Solana coin has defied the odds.
While other cryptos recorded outflows, SOL recorded inflows in the second week of September. Year-to-date, Solana has recorded an inflow of $26 million from institutional investors. This is the highest inflow behind Bitcoin’s $269 million.
The Solana price has also been a top performer this year. YTD, the SOL price has increased by 97% and trades above $20. With the price of Solana trading above this critical level, the altcoin could look to rally above $30 by the end of the year.
Shiba Inu (SHIB) Development To Fuel Market Rally
Launched as a meme coin, Shiba Inu (SHIB) has been adding utility to the network. The latest attempt is its layer 2 network, Shibarium. Since its launch in August, Shibarium has recorded over 1.24 million addresses while averaging 42.8k daily transactions.
LucieSHIB, a team member for the project, has shared more updates. According to Lucie, the team is now focused on major projects. Some of the projects include ShibaSwap 2.0, SHI Stablecoin, ShibaNet, and a new Treat Token.
However, the price of Shiba Inu has remained unimpressive, stuck under $0.000007500 for weeks. When these projects launch, the Shiba Inu price is expected to rally. Crypto experts have predicted that SHIB could trade above $0.00001200 in Q4.
Pomerdoge (POMD) To Outshine Solana and Shiba Inu
Like Shiba Inu, Pomerdoge (POMD) is a meme coin that has become popular for its utility. Pomerdoge is building an active blockchain gaming ecosystem. The fusion of P2E and meme coins has helped Pomerdoge attract a lot of attention.
The growing attention can be felt in the presale of the project. Pomerdoge is now closing in on raising $5 million via presale. A feat only very few projects achieve. The fund will be used in the development of its gaming ecosystem.
The Pomerdoge gaming ecosystem will feature a game, a marketplace, and NFT collections. In the game, players will earn rewards by competing and winning matches with their custom avatars. These avatars will be inspired by popular meme coins, adding excitement to the game.
With its unique and exciting concept, thousands of P2E gamers are anticipating the Q4 launch of Pomerdoge. The Pomerdoge utility token, POMD, trades at $0.0165. However, crypto experts have predicted a major rally for POMD when the platform launches.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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