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Analysts Bullish on Ethereum ETFs, but How Is ETH Performing? Pomerdoge Predicted to 2,000% In 2023 appeared on economictimes.indiatimes.com by Mediawire.
The narratives shaping the crypto market are quite intriguing. There appears to be a glimmer of hope for Ethereum ETFs as analysts have predicted its bullishness. On the flip side, Ethereum (ETH) performance has come under intense scrutiny as a result of the crypto market volatility.
Amid these uncertain times, Pomerdoge (POMD), a new project , has surfaced in the crypto space with promising gains that captivate the minds of investors.
Click Here To Find Out More About The Pomerdoge (POMD)
Ethereum ETFs (ETF) Set to Stay Bullish by Analysts’ Projection
Modeled after the success of Bitcoin ETFs, Ethereum has come up with another exciting investment option that allows investors to trade on the stock exchange. The Ethereum ETFs which came up as a result of the Volatility Shares filing in June have heightened the intense competition between Bitcoin and Ethereum.
Crypto experts are predicting that Ethereum ETFs may likely remain on the upward trajectory due to these factors. First, ETFs can be traded on the stock exchange which seems easier and more convenient for investors.
Secondly, ETFs are an investment option that is secure and regulated. It can serve as an entry point for investors and financial institutions who may not be in sync with traditional cryptocurrency exchanges. By leveraging the ETH price and attracting more investors, ETH is expected to remain bullish.
How Is Ethereum (ETH) Shaping Up in Terms of Performance
After the early 2023 bull run in which many crypto tokens receive price boost, the reality of the current market is beginning to set in. Ethereum which had jumped the $2000 mark during the bull is now back to its pre-bull run price, with the current price trading at $1832.
Despite this upheaval, experts are predicting a bullish run for Ethereum, with some analysts expecting it to outshine Bitcoin in the next bull run.
While giving the reason for this perspective, the Chicago Mercantile Exchange (CME) Group stated that the Bitcoin halving which is expected to happen next April and the massive adoption of Ethereum by financial institutions is an obvious sign that Ethereum will bounce back to the $2000 threshold.
Pomerdoge (POMD) Set to Dethrone SHIB and DOGE
Analysts remain bullish on Pomerdoge, a new project bringing new ideas into the gaming industry. Pomerdoge is a newly built gaming platform that allows players to compete, interact and network globally. The platform will allow players through its Pomerplace marketplace to transact in-game assets like NFTs, cards and avatars.
Pomerdoge has also developed a utility token that will serve as a transaction token on the platform. Those who purchase the token at presale value will have access to the collection of 7,777 NFTs when they are launched.
POMD holders will also be able to acquire a certain percentage that is commensurate with their token worth from the platform game revenue. To vouchsafe investors’ assets, Pomerdoge has undergone auditing by SolidProof and Cyberscope.
Analysts are predicting that POMD will skyrocket by 2,000% before the end of the year.
Find out more about the Pomerdoge (POMD) Today
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