• Solana (SOL) has suffered a drop of 35% in its development activity and 18% in its trading price.
• Dogecoin (DOGE) is facing a major shift to proof-of-stake which could make it more centralized, leading to a 16% drop in its trading price.
• Pomerdoge (POMD) is entering the blockchain gaming industry with a novel business roadmap aimed at making the sector more profitable and estimates show it may grow by 4,000%.
Solana Struggling In The Crypto Market
The crypto market has seen an increase in investment options over the past year, but this makes it important for investors to research projects before investing. However, Solana (SOL), one of the most popular projects on the market, has been struggling to maintain positive growth. Data from Santiment shows that development activity on the network dropped by 35% during the last 30 days. As a result, Solana’s (SOL) trading price dipped by 18%, bringing it down to $20.85 per token at press time. Despite this decline, NFT sales volume on Solana’s network was able to overtake Polygon’s during this period.
Dogecoin Proposes To Shift To PoS
Reports suggested that Dogecoin (DOGE) was planning on shifting from proof-of-stake to proof-of-work system recently which sparked intense discussion within its ecosystem. While some supported this transition, others raised concerns over its viability since key developers stated that it could make Dogecoin (DOGE) more centralized if implemented successfully. Nonetheless, amid all these discussions trading price of Dogecoin (DOGE) dropped by 16%, bringing it down to $0.0629 per token at press time.
Pomerdoge Entering Blockchain Gaming Industry
A recent research report estimated that the blockchain gaming industry will reach $1,020 billion by 2032 and Pomerdoge is taking advantage of this opportunity with their novel business roadmap designed to make blockchain gaming more profitable for investors and users alike. With their plans they are aiming for a 4,000% growth by the end of 2023 which has attracted investors from both Dogecoin (DOGE) and Solana (SOL).
It is clear that both Dogecoin (DOGE) and Solana have been struggling due to various reasons while Pomerdoge continues to show potential for growth thanks to their novel business roadmap which aims at making blockchain gaming more profitable for everyone involved. Therefore it is not surprising why investors are pouring money into Pomerdoge instead of other projects on the market right now such as Dogecoin or Solana as these two have been suffering losses lately while Pomerdoge seems promising for better gains in 2023