XRP (1)The U.S. Securities and Exchange Commission (SEC) is preparing to appeal last month’s Ripple victory. The price of XRP (XRP) has reacted as the regulator seeks to put the current lawsuit on hold. Concurrently, the surge of Pomerdoge (POMD) has earned it the position as the top-performing meme coin.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
XRP (XRP) Reacts To SEC’s Appeal of Ripple Decision
On July 13, U.S. District Judge Analisa Torres ruled that Ripple (XRP) was not a security at the time of its sale. Albeit a partial victory, the ruling was seen by many as a watershed in the potential regulation of crypto in the United States.
However, the SEC is clearly displeased with the ruling and is now preparing to file an appeal against Ripple. The letter sent by the regulator to Judge Torres requests that the case be put on hold while an appellate court reviews her decision.
The SEC is arguing that an “Interlocutory review” is needed in the case as its verdict could affect multiple other cases. This is so because the regulator is currently at loggerheads with several crypto firms, including exchanges Binance.US and Coinbase, over alleged securities violations.
Despite this being a major news that could be regarded as bearish, there has been no major downswing in the crypto market. Although the price of XRP is down by 2.6% and now trades at $0.6324, there is no overwhelming bearish pressure to reflect the weight of the announcement.
Pomerdoge (POMD) Crowned Top Meme Coin
Amidst the bearish outlook of the crypto market and XRP taking a dip, Pomerdoge (POMD) has managed to pull off an impressive rally. While the rally has caught the attention of investors, it is the utility of Pomerdoge that has earned it the title of the top-performing meme coin.
Unlike traditional meme coins, Dogecoin and Pepe which are only fueled by hype and community support, Pomerdoge is building one of the most comprehensive ecosystems. The Pomerdoge ecosystem features a play to earn game (the Pomergame), a marketplace with a competition arena (the Pomerplace), and NFT collections.
We will shortly be showing you what the pomerplace looks like!
— Pomerdoge (@pomerdoge) August 11, 2023
This is a marketplace and arena where you can battle one and other in a winner takes all situation for your pomerdoge!
Collect and purchase skins, items and give your pomerdoge better attributes to be the king of… pic.twitter.com/WBKGwzo4vV
Players will be able to create custom characters called Pomerdoges and enter the Pomergame to win amazing rewards. In-game rewards and collectibles can be sold or traded on the Pomerplace, further increasing the earning potential of Pomerplace.
To reward holders of its utility token, POMD, the Pomerdoge team will launch a collection of 7,777 NFTs. These NFTs will have a floor price of 0.2 ETH and will be distributed to the earliest Pomerdoge token holders.
With a fully functioning ecosystem, crypto analysts have called Pomerdoge the meme coin of the year. At the time of this writing, the utility token of the ecosystem, POMD, trades at $0.008. With the momentum Pomerdoge is amassing, crypto experts have predicted 2023 high of $0.35 for the meme coin.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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