Stay informed on the latest developments in the cryptocurrency world as the Shiba Inu burn rate surges by more than 330%. In other news, Toncoin (TON) has forayed into the Swiss non-profit sector to boost its DeFi ecosystem, while Pomerdoge (POMD) has embarked on an impressive price rally. Read on to find out more about each of these developments.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Shiba Inu (SHIB) Burn Spikes By 330% in Bullish Week
To start the week, Shiba Inu (SHIB), often touted as the “Dogecoin killer,” has recorded a surge in its burn rate. In a continuous attempt to drive the price of the meme coin, the Shiba Inu burn has increased by 333.4% in the weekly timeframe.
As the token burn continues to intensify, a Shiba Inu team member, @LucieSHIB, has forecasted a market rally for the meme coin. According to @LucieSHIB, the price of the meme coin could increase in the coming week.
However, along with the crypto market, the Shiba Inu price has continued to decline. From a high of $0.000012 in mid-August, the price of Shiba Inu has dropped to lows of $0.000007105. The meme coin would need a major bullish sentiment to break out of the bearish market.
Toncoin (TON) Launches Swiss Non-Profit To Boost Ecosystem
To boost its ecosystem, the Toncoin Foundation has launched a non-profit organization in Switzerland. With the Swiss non-profit fully funded by the community, the organization is now in a better place to support the development of the Toncoin network.
The launch is part of a plan to expand the network, including a well-planned series of partnerships and integrations in Q4. The foundation will work to incentivize developer acquisition and user participation to expand its network.
Unlike Shiba Inu, the Toncoin value has also been on an ascending channel in the last month. From a low of $1.30 in mid-August, the Toncoin price has increased to as high as $1.97 in early September. The TON price could continue to increase with the developments happening in Q4.
Pomerdoge (POMD) Price Surges, Lead Bullish Market
Like Toncoin, Pomerdoge (POMD) has been one of the standout performers in the crypto market. From mid-August, the price of Pomerdoge has increased by 75%, rising from a low of $0.008 to a new high of $0.014 per token.
The reason for the massive growth of Pomerdoge is its unique social gaming infrastructure which allows players to connect from around the world. By doing so, this new P2E game allows gamers to network, earn rewards, and compete globally.
Crypto experts have predicted an even stronger market rally as Pomerdoge prepares to launch a collection of 7,777 NFTs in September. These NFTs are special as they each hold a unique function within the Pomerdoge P2E gaming ecosystem.
The NFT collection will start at a floor price of 0.2 ETH. Available to only Pomerdoge token (POMD) holders, the launch of the NFT collection has attracted a wave of investors. Now trading at $0.014 per token, crypto experts have predicted a rally to $0.03 for POMD before the end of September.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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