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Breaking News: Galaxy Digital's Bitcoin Outlook: Uncertainty For Next Year, $250,000 Goal Set For 2027

Whale Alert: Why Are Litecoin, Monero, and Pomerdoge Top Picks for Whales?

Bitcoinist
by Bitcoinist
Last Updated: August 6, 2023 2:07 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to whale alert, whales are on a buying spree again and this time, Litecoin (LTC), Monero (XMR), and Pomerdoge (POMD) are their top picks. Notably, whales are known to cause huge price shifts in the markets. As a result, these tokens could be gearing up for a price pump.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Litecoin (LTC) Whales Disappointed After Halving

Litecoin, often hailed as the “silver to Bitcoin’s gold,” stands as one of the pioneering cryptocurrencies in the market. Interestingly, Litecoin exhibits several resemblances to Bitcoin. Nevertheless, it has some differences that set it apart, making it an attractive choice for both traders and investors.

One of Litecoin (LTC) main attributes lies in its faster transaction confirmation time in contrast to Bitcoin. Specifically, it only takes 2.5 minutes for Litecoin to generate a block, or process a transaction. Whereas, Bitcoin’s block generation time is 10 minutes.

Whales have been accumulating Litecoin tokens before the August 2nd halving. They had expected a Litecoin price surge after the halving just like it has been for Bitcoin. Unfortunately, this was not the case as the token’s price dipped about 6%. At the time of writing, Litecoin is trading at $86.12. This represents a 5.65% price decline in the last 24 hours.

Monero (XMR) Gains Traction As Privacy Tokens Rebound

Monero (XMR), the leading privacy-centric cryptocurrency, operates on the CryptoNote protocol, a robust and confidential currency system. It uses a distinctive form of cryptography. As a result, Monero guarantees that all its transactions remain 100% unlinkable and untraceable.

In an era of growing transparency, privacy tokens like Monero have become highly sought after. Whales are now going after the Monero token to enjoy privacy. Unfortunately, regulators and centralized crypto exchanges have increased the heat on Monero in recent years.

Nevertheless, it continues to see patronage from users. At the time of writing, Monero is $160.98 today with a 24-hour trading volume of $96,516,380.47. This represents a 0.55% price increase in the last 24 hours.

Whales Accumulate Pomerdoge (POMD) Ahead of 17x Price Surge

Just like Monero and Litecoin, whales are also going after Pomerdoge (POMD) due to its bullish price potential. Currently, Pomerdoge stands as an emerging token in stage 1 of its presale, offering an enticing price of only $0.007. Market experts have already foreseen remarkable gains of 17x and 40x for investors in the upcoming months.

Pomerdoge is set to be a groundbreaking project, blending crypto and blockchain with an engaging play-to-earn game (P2E). Additionally, as a memecoin, its token holds significant growth potential.  Pomerdoge’s token will offer more utility within its gaming ecosystem, thus contributing significantly to its growth.

This innovative concept will connect players globally, fostering networking, competition, and earning opportunities. Moreover, players will be able to personalize their digital characters and elevate them to elite status.

The Pomerpgame will feature a gaming arena, where players can partake in exciting battles against one another. Pomerdoge plans to release a collection of 7,777 NFTs in August/September. The price of each NFT will be 0.2 ETH. However, only Pomerdoge token holders will have access to the NFTs.

Find out more about the Pomerdoge (POMD) Presale Today:

Website: https://pomerdoge.com/

Telegram Community: https://t.me/pomerdoge

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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