Tether Market Caps Reaches All Time High, Pomerdoge To Launch Its Own Marketplace

Learn about Tether’s major milestone of reaching a new all-time high and how Pomerdoge will launch its own marketplace.

Updated on: 28 July 2023 10:19 am

A New Dog Is In Town

Stablecoins like Tether (USDT) have been a favorite among investors who want to keep a portion of their balance as secure as possible. The cryptocurrency aims to maintain its value as close as possible to $1 and has done that consistently. However, an upcoming P2E project known as Pomerdoge (POMD) is already getting attention from traders with the performance of its presale, as it sold over 4 million tokens.

Summary

The Tether crypto has reached an all-time high of $83.2 billion
Pomerdoge is entering the Play-to-Earn (P2E) sector and can become a dominant force
Analysts believe that POMD can spike by 100x at launch

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

Tether (USDT) Market Cap Reaches All-time High

Tether (USDT) is a stablecoin that was created to be pegged to the value of the US Dollar. This means that the Tether price aims to be equal to $1 at all times. It was originally issued on the Omni Layer on top of the Bitcoin network in 2014.

According to the company that issues the stablecoin, Tether is fully backed by its reserves. In addition, Tether is tailored towards blockchain companies, individuals, traders, and even crypto exchanges. Its stability is appealing, as it can provide all of the benefits of blockchain technology without all of the volatility.

Moreover, the Stablecoin issuer Tether’s USDT regained its previous all-time high market capitalization, despite an ongoing shrinking stablecoin market. USDT reached $83.2 billion, according to a report issued by the company.

Subsequently, this means that Tether managed to recover all of the $18 billion originally lost in the implosion of the Terra (LUNA) project in May of 2022. Additionally, stablecoins now represent a $129 billion portion of the crypto market.

Pomerdoge (POMD) To Launch its Own Marketplace

With the growth of the blockchain gaming sector, a lot of new projects are starting to appear, and out of them, Pomerdoge (POMD) has the most potential to dominate the industry. Pomerdoge is launching a unique infrastructure that is capable of changing the blockchain gaming sector forever.

It provides casual and professional gamers with the opportunity to earn while they play with its Play-to-Earn (P2E) implementation. Additionally, gamers are able to build, empower and customize their avatars and compete against one another.

They can enter the competition Arena and become dominant leaders in the virtual world. However, aside from competing, gamers can share ideas and strategies and engage in co-op activities.

A dedicated Marketplace for the ecosystem called Pomerplace will launch, where anyone can buy, sell, and trade skins and other in-game valuables.

Making The Right Decision

At its current presale stage, Pomerdoge (POMD ) trades at just $0.007. Analysts are bullish on the project's future and predict that a climb in the price of 100x is expected. In addition, Pomerdoge will also be launching in September of the year, with its entire ecosystem planned for release by the end of Q4.

Based on the historical performance of cryptocurrencies that have entered the gaming sector, now marks the best time to buy Pomerdoge, as it can provide significant gains for those who get into it early.