Crypto News: ImmutableX (IMX) zkEVM Begins Testnet Phase, Pomerdoge (POMD), Predicted 50X Gains, Bitcoin (BTC) Reaches Record Volatility Low


In this article, we’re going to cover the latest news on the cryptocurrency markets. ImmutableX (IMX) has announced the launch of its zkEVM testnet, Pomerdoge (POMD) is predicted to gain up to 50X, and Bitcoin (BTC) has reached an all-time low in volatility. Let’s take a look at what’s happening in the world of crypto.

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Pomerdoge (POMD): A Potential Leap to $1.00 for the POMD Token

Pomerdoge, rooted in the allure of meme culture, differentiates itself by intertwining this playful charm with practical utility. It’s not just about witty branding or clever marketing; Pomerdoge offers its community a well-orchestrated ecosystem that includes a play-to-earn (P2E) gaming platform and a bustling marketplace.

Integrating gaming, a sector currently experiencing exponential growth, adds an additional layer of value and attraction. POMD isn’t just a coin to hold; it’s a coin to use, play with, and earn from.

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Market analysts, always on the lookout for the next breakout crypto, project an astounding 5,000% upswing for Pomerdoge in 2023. This potential growth isn’t just pulled out of thin air. It’s rooted in Pomerdoge’s ongoing development, its commitment to delivering on its roadmap, and the increasing interest from the broader crypto community.

Early investors and enthusiasts can still participate in Pomerdoge’s journey, with its presale offering POMD tokens at just $0.008 during phase 1 of the ongoing presale. This price is set to double in the next phase.

ImmutableX (IMX) zkEVM Begins Testnet Phase

The brains behind ImmutableX are charting new territories. This avant-garde blockchain platform is committed to scalability without compromising on safety and discretion. They’ve recently heralded the testing phase of their pièce de résistance, the zkEVM protocol.

ImmutableX’s zkEVM is poised to offer game developers an optimized blend of affordability and iron-clad security. Furthermore, it offers a bridge to the expansive world of the Ethereum network.

The gaming world is taking note. A slew of over 20 companies, with heavyweights such as GameStop, TokenTrove, Kongregate, and iLogos leading the charge, are keenly supporting ImmutableX’s maiden venture.

However, the tumultuous waters of the DeFi arena have left ImmutableX’s token valuation in a whirlwind. After an audacious leap from $0.38 to $1.57 in a short span, ImmutableX has faced some setbacks. The current price of $0.61 marks a noteworthy 15% dip for ImmutableX in just a week.

Bitcoin (BTC) Reaches Record Volatility Low

Bitcoin, the often volatile crypto titan, has recently showcased an unexpected tranquility. In the month of August, the narrowing of its Bollinger Bands to a mere 2.9% margin highlighted an atypical subdued movement for the coin.

Strikingly, the cryptocurrency, frequently likened to an unpredictable ride, remained steady, fluctuating between $29,050 and $31,800 for over four weeks. This stability was centered around the unknown outcome of the ETF applications. Approval would start a bull run for Bitcoin, whereas denial would likely see a return to under $20K. Stalemate ensued.

However, on the 17th of August, Bitcoin experienced a sharp 7% descent overnight. Now priced at $26,100, some investors view it as a golden buying opportunity, while others tread with caution. Seasoned swing traders emphasize that Bitcoin had been operating within the narrowest Bollinger Bands ever seen, suggesting any move will bring a strong reaction.

The present drop in volatility coupled with the downward shift underscores the current conservative mood surrounding Bitcoin. The anticipation is palpable as the crypto world awaits the forthcoming ETF decision, which promises to sway the market considerably in one direction or the other.

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