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Cardano NFT Market Grows, Polkadot Targets $5 Price, Bullish Momentum for Pomerdoge Grows

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As the general crypto market turned bearish, Cardano (ADA), Polkadot (DOT), and Pomerdoge (POMD) are three tokens that have captured analysts’ attention. While Cardano’s NFT market grows, Polkadot has set a new price target amidst its network auction, while Pomerdoge has emerged as one of the most bullish cryptos in the market.

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Charles Hoskinson on Cardano (ADA) NFTs

Although late to the NFT party, Cardano (ADA) has been one of the fastest-growing NFT chains in the market. Due to its high scalability, developers now prefer the Cardano network for launching NFTs to many other blockchains.

Amidst this growth of NFTs, the co-founder of Cardano, Charles Hoskinson, has explained his involvement in the sector. While Hoskinson proudly displays some NFTs in his office, he stated that he doesn’t accept payment or endorsement for them. 

His healthy participation in NFTs aims at fostering the adoption of digital arts on the network while remaining transparent. Despite this, the Cardano coin has remained bearish. Moving in tandem with the crypto market, the ADA price has dropped to a low of $0.2560.

Price Target for DOT Amidst Polkadot Parachain Auction

Polkadot (DOT) gained prominence for its multi-chain network designed to facilitate interoperability between different blockchains. The parallel chains (Parachains) communicate with the main blockchain and are the most important part of the Polkadot network.

The ongoing parachain lease auctions have gained traction, with Astar, Kabocha, and Blockspace leading the auction. While the auction gains momentum, crypto experts have set a price target for the Polkadot coin.

Although bearish, the Polkadot price has found support at the $4.20 support level. If this level holds, crypto experts have predicted a rally to $5 for DOT. If the bullish momentum continues in September, the token could reach highs of $5.5.

Pomerdoge (POMD) Bullish Momentum Grows

Amidst the ongoing bearish market, Pomerdoge (POMD), a new project integrating non-fungible tokens (NFTs), a play-to-earn (P2E) gaming platform, and a meme token, has seen its bullish momentum continue to grow.

Pomerdoge has been garnering significant interest from both investors and players because of its unique new concept. Following the $2 million milestone in presale, the bullish momentum has seen the price of Pomerdoge’s utility token jump to highs of $0.01.

Crypto experts predict that the POMD token will rally even more, with the potential of topping $0.1 in September as its ecosystem grows. At the heart of the Pomerdoge ecosystem is its captivating P2E game that offers players the chance to compete and earn massive rewards.

In addition, the team behind the project is actively working on Pomerplace, an in-game digital asset marketplace that allows players to trade and sell in-game rewards and NFTs seamlessly. This integration further enhances the overall gaming experience and the potential for economic growth within the ecosystem.

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