Crypto whales have been on a buying spree in 2023 as they take advantage of the bearish market conditions to add tokens with promising potential to their portfolio. According to on-chain data, the top tokens on their list are Litecoin (LTC), Optimism (OP), and Pomerdoge (POMD).

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

Litecoin (LTC) Whales Dumped 430,000 LTC Tokens in August

Since the price dump in mid-August, Litecoin bulls have been defending the August 2022 range-high of $63. Unfortunately, efforts to push the price of Litecoin above $70 have not been successful. According to Santiment, Litecoin whales sold over 430,000 LTC coins in August. 

This contributed to the huge downtrend suffered by the Litecoin price last month. As a result, the LTC coin has been bearish, with its price dropping to the $63.00 level. Although Litecoin is still above its 2022 lows, technical indicators project a bearish outlook. 

Currently, Litecoin’s RSI is at 32.17, signifying a prevailing bearish sentiment. As a result, a substantial reversal is needed to cross the resistance at the $70 region.

Optimism (OP) Plummets 7% As Selling Pressure Increases

The Optimism crypto token has been on a continuous decline since it encountered bearish pressure after reaching a peak of $1.829. This resistance subsequently caused the price of Optimism to drop below the $1.5 mark.

Fortunately, the token managed to establish a support level of $1.30. As a result, a brief relief rally ensued, with the Optimism price rallying to $1.33. 

Similarly, Optimism is also displaying bearish movement on the weekly chart with a 6.10% price decline. While investors are bullish on the token, technical indicators paint a bearish picture.

Pomerdoge (POMD) Price Soars 15% Ahead of NFT Release 

Amidst the bearish sentiment faced by Litecoin and Optimism, investors have shifted their attention toward a more enticing option: Pomerdoge (POMD). Pomerdoge emerges as an inventive P2E game protocol, placing a strong emphasis on nurturing healthy competition among its player base.

At the moment, the development team is developing a gaming ecosystem. This ecosystem will feature Pomergame, Pomerplace (marketplace and battle arena), and an NFT collection. Notably, early buyers will receive a portion of the platform’s revenue depending on their investment. Looking ahead, analysts predict that Pomerdoge could emerge as a formidable player within the cryptocurrency arena. 

According to them, Pomerdoge has the potential to rival established entities such as Dogecoin due to its practical applications. Unlike Dogecoin and other meme coins, the Pomerdoge memecoin has wide utility. In terms of security, Pomerdoge has undergone comprehensive audits conducted by Cyberscope and SolidProof.

At present, Pomerdoge is available for purchase at only $0.0115. Analysts are bullish and see Pomerdoge hitting a projection of 17x over the coming months. Furthermore, Pomerdoge token holders are entitled to discounts, rewards, exclusive access to NFTs, and opportunities for passive income.

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

Website: https://pomerdoge.com/

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