August Crypto Forecast – Polygon (MATIC), XRP (XRP), and Pomerdoge (POMD)

The post August Crypto Forecast – Polygon (MATIC), XRP (XRP), and Pomerdoge (POMD) appeared first on Coinpedia Fintech News

The second half of the year is almost gone and crypto investors are currently looking at the price chart of three top tokens — Polygon (MATIC), XRP  (XRP), and Pomerdoge (POMD). Below is a price forecast for these three tokens.

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Polygon (MATIC) Price Prediction For August 

Polygon (MATIC) August movement has been marked by turbulence, with a 6% decrease from $0.70 to $0.66 in the initial week. However, on Wednesday, MATIC rebounded to around $0.69, a 3% increase in the past 24 hours. The drop in Polygon’s Daily Active Users (DAU) is responsible for its recent price stagnation. 

According to Glassnode, MATIC’s DAU has dropped by 58%, plummeting from 4,575 on July 21st to a mere 1,943 on August 7th. IntoTheBlock’s IOMAP data has revealed that Polygon would face difficulty surpassing the $0.68 resistance. 

Bulls crossing the level would take MATIC toward the $0.70 level. In contrast, a bearish sentiment could send MATIC below the $0.60 territory. Notwithstanding, Changelly forecasts that Polygon could trade between $0.66 and $0.72 in August.

XRP (XRP) Price Prediction for August

XRP (XRP) has once again reclaimed the $0.64 threshold after four trading sessions. At present, the price of XRP stands at $0.642916, a notable 3.72% price surge within the past 24 hours. However, XRP has failed to erase the 7.28% decline over the past 7 days. 

The daily chart shows that XRP trades at the lower range of the $0.6417 – $0.6530 resistance spectrum. The coin’s price has stayed above the 50-day ($0.6256) and 200-day ($0.5171) EMAs. Nevertheless, when observing the 14-Daily RSI, the reading of 47 indicates bearish signals for the price of XRP. 

If XRP’s value descends beneath the 50-day EMA ($0.6256), it could decline toward the support range at $0.5900 to $0.5750. Regarding future projections, cryptocurrency experts anticipate an average XRP rate of $0.747 for August 2023. They anticipate XRP to trade at a minimum of $0.628 and a maximum of $0.866.

Pomerdoge (POMD) To 17x in August 

Besides Polygon and XRP, analysts have forecasted more upward movement for Pomerdoge (POMD). According to analysts, Pomerdoge is gearing up for a 17x increase in September. Pomerdoge is building a platform that has seen increased user adoption in the past weeks. 

Pomerdoge has emerged as a formidable contender within the realm of memecoin and gaming. It is poised to go head-to-head with established players such as Dogecoin and Shiba Inu.    The project has shown great commitment to maintaining a secure environment. 

SOLIDPorof and Cyberscope have already audited the project.  Additionally, Pomerdoge has taken steps to prevent a rug pull or token dumps. It will lock its liquidity and team tokens to maintain liquidity reserves. 

Moreover, the platform offers holders enticing benefits, including discounts, staking incentives, and exclusive access to rare NFTs. With its current valuation at a mere $0.007, POMD tokens provide a budget-friendly opportunity for potential investors. 

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

Website: https://pomerdoge.com/

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