August Crypto Forecast – Polygon (MATIC), XRP (XRP), and Pomerdoge (POMD)

The second half of the year is almost gone and crypto investors are currently looking at the price chart of three top tokens — Polygon (MATIC), XRP  (XRP), and Pomerdoge (POMD). Below is a price forecast for these three tokens.

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Polygon (MATIC) Price Prediction For August 

According to Glassnode, MATIC’s DAU has dropped by 58%, plummeting from 4,575 on July 21st to a mere 1,943 on August 7th. IntoTheBlock’s IOMAP data has revealed that Polygon would face difficulty surpassing the $0.68 resistance. 

Bulls crossing the level would take MATIC toward the $0.70 level. In contrast, a bearish sentiment could send MATIC below the $0.60 territory. Notwithstanding, Changelly forecasts that Polygon could trade between $0.66 and $0.72 in August.

XRP (XRP) Price Prediction for August

XRP (XRP) has once again reclaimed the $0.64 threshold after four trading sessions. At present, the price of XRP stands at $0.642916, a notable 3.72% price surge within the past 24 hours. However, XRP has failed to erase the 7.28% decline over the past 7 days. 

If XRP’s value descends beneath the 50-day EMA ($0.6256), it could decline toward the support range at $0.5900 to $0.5750. Regarding future projections, cryptocurrency experts anticipate an average XRP rate of $0.747 for August 2023. They anticipate XRP to trade at a minimum of $0.628 and a maximum of $0.866.

Pomerdoge (POMD) To 17x in August 

Pomerdoge has emerged as a formidable contender within the realm of memecoin and gaming. It is poised to go head-to-head with established players such as Dogecoin and Shiba Inu.    The project has shown great commitment to maintaining a secure environment. 

SOLIDPorof and Cyberscope have already audited the project.  Additionally, Pomerdoge has taken steps to prevent a rug pull or token dumps. It will lock its liquidity and team tokens to maintain liquidity reserves.