Cryptos To Look Out For In August – BNB, XRP And Pomerdoge

Among the plethora of options in the crypto space, three tokens – BNB (BNB), Ripple (XRP), and Pomerdoge (POMD), have emerged as must-haves for investors. Analysts have forecasted bullish price movements going forward. 

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

Can BNB (BNB) Breakout?

BNB (BNB) has been oscillating within a triangle, presenting no distinct advantage for either the bulls or the bears. Usually, the symmetrical triangle formation might signal a potential reversal. At the time of writing, BNB is $242.67 today with a 24-hour trading volume of $418,904,943.41. 

The token's price has experienced a slight increase of 0.18% in the last 24 hours. If BNB ascends beyond the triangle boundaries, it would imply a favorable position for the bulls. Subsequently, BNB might test the resistance level at $265. 

If BNB crosses this threshold, the token could experience a substantial surge, potentially reaching up to $288. Another possibility is that the price tumbles below the triangle. BNB may then descend to $220. If this support cracks, the pair may fall to the pattern target of $194.

XRP (XRP): Some Forecast Bullish Future Movement 

Van de Poppe, a crypto analyst on August 7th tweeted that XRP is now slipping into the area of interest. According to him, this represents an entry point for potential gain. Yesterday, XRP broke below the $0.60 territory for the first time since July 13th. Subsequently, it plummeted to a low of $0.5967 earlier that day. 

However, it hedged against further declines, recovering lost grounds and reclaiming the $0.61 territory. Interestingly, XRP has reached the 50-day SMA at $0.60, a crucial level meriting close observation. 

In the case of an upward rebound from this point, XRP could reach the 20-day EMA at $0.67. Conversely, XRP could retreat from the present level or the 20-day EMA. This would mean a decline to the $0.56 breakout threshold. If bearish sentiment persists, XRP could drop further to the $0.45 mark.

Why You Should Look Out For Pomerdoge (POMD)

Unlike BNB and XRP, Pomerdoge (POMD) has been bullish in the past week. The token is currently in the presale stage and has little self-pressure to battle with. Pomerdoge wants to launch a project that will bridge the gap between crypto and gaming. Its aim is to offer players a platform where they can earn rewards and passive income while gaming.

The ecosystem will consist of NFTs, Pomergame, and Pomerplace. Pomergame is a place where players can interest, network, compete, and receive rewards. Furthermore, an integral component is the emergence of a marketplace known as Pomerplace. 

This platform plans to handle the purchasing, selling, and trading of in-game items. So far, Pomerdoge has raised $416,108 out of its  $1,995,000 target and sold over 57 million tokens.  Investors are looking to enjoy the benefits offered by the token such as rewards and discounts. 

Currently, POMD is available for purchase at $0.007. Some traders have projected a 17x price increase in the presale phase. Interestingly, Pomerdoge will be offering $100,000 in giveaways along with a $50,000 mega prize.

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

Website: https://pomerdoge.com/

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

This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.