Pond Coin Price Prediction: PNDC Remains Bearish

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Pond PNDC’s price action since its launch on August 7 is quite positive, although it is struggling with price volatility this week. PNDC attained an all-time high value of $0.000003 on August 7, a phenomenal surge sparking massive interest among crypto investors.

PNDC’s price at 4:30 am EST is $0.0000013, showing buyers are still active in the market. Although the asset price increased by 3.6% in the last 24 hours, it has lost 22.7% in the previous seven days.

This price volatility this week could signal a trend shift for the asset. Is the rally truly over?

Pond Coin Trends On CoinMarketCap

On August 27, Pond Coin held the number 1 spot on the trending coins list on CoinMarketCap. The news sparked a positive reaction in its ecosystem and led to some price gains for the token.

CoinMarketCap is a reputable crypto site, and this ranking will likely encourage more investors to adopt the PNDC tokens.

Also, earlier in the month, on August 7, PNDC was listed on the Poloniex crypto exchange with deposits and full trading now available. The listing exposed the coin to a broad user base and aided the price gains for the asset.

Pond Coin #PNDC is Poloniex newest listing! 🚀@Pond0x

Deposit will be opened on August 7th, 12:00 (UTC)

August 7th (UTC), Post-only mode will be enabled on 12:00 & Full trading will be enabled on 13:00

For more information, please visit:https://t.co/gsuxGWcNRn #Crypto pic.twitter.com/NDawrFUzjB

— Poloniex Exchange (@Poloniex) August 7, 2023

It was also listed on the world’s largest crypto exchange by trading volume, Binance, on the same day, leading to further price gains for the asset.

Pond Coin on @binance:https://t.co/43bG8GWCGF

— Pond Coin (@Pond0x) August 7, 2023

PNDC Engagements Soar After Listing

PNDC posted impressive network engagement metrics from users in its ecosystem after listing on reputable crypto exchanges.

We are already doing nearly 1 million daily impressions on @x.

And it’s very early… pic.twitter.com/wfO13c2RNj

— Pond Coin (@Pond0x) August 9, 2023

As of August 9, there were five million monthly impressions, over 82 thousand profile visits, 33,987 new followers, and over 94,000 likes.

Also, there were over 511,000 media views and more than a thousand link clicks, showing massive engagement from the crypto community. These numbers show that PNDC enjoys massive adoption from the crypto community.

Mining Another Factor Driving Adoption

Pond Coin supported a mining or spawning feature and announced that the first 5,000 miners would earn 5 ETH as the maximum reward.

Part Two: SPAWN 🧪

1st 5,000 Miners: 5 ETH Max ⛏️

Mining unlocks the Spawn Lab… 🔓⏱️

{Multiplayer mode activated}

🥽🥼 pic.twitter.com/2kGCzmyldq

— Pond Coin (@Pond0x) August 14, 2023

However, after the first 5,000 miners receive their rewards, there is no maximum limit to the tips, and the second round of mining will open up spawning to early miners.

Users must decide between being miners, spawns, or both. Notably, early miners will receive an additional bonus for mining again. Also, a member of the PondCoin community, Matt Furie, received $1 million worth of $PEPE tokens for creating the Pepe the Frog meme.

On behalf of the Pond Coin community, we are very happy to announce:

We have just Spawned @Matt_Furie $1,000,000 worth of $pepe. 🧪

Without Matt’s wonderful creation of Pepe the Frog, none of this would be possible.

And for this we are deeply grateful.

Thank you Matt!

🐸💚 pic.twitter.com/Y3arRcd5yY

— Pond Coin (@Pond0x) August 14, 2023

This gesture shows Pond’s commitment to rewarding users and driving more adoption for PNDC tokens and their price gains.

On August 27, PondCoin assured its community that the team continues to innovate while others relax to develop the best possible features to improve their offerings.

While you are relaxing…

We are in the lab innovating.

Prepare for a new chapter. ♻️

🐸🟪🥼🧪 pic.twitter.com/vvahVw85rk

— Pond Coin (@Pond0x) August 27, 2023

PondCoin also uses the Pepe the Frog meme as its symbol, and the success of Pepe-related tokens is also a contributing factor to the gains recorded for the asset.

PNDC Shows Signs Of Retracement, Should Investors Sell?

PNDC shows signs of retracement on the shorter timeframes, forming a prominent red candle on the 15-minute chart. Its price decline results from buyers seeking profit after PNDC attained its all-time high value.

It implies that the buying pressure is fading as sellers seize control of the market and the asset drops into the lower region of the Donchian Channel (DC), confirming the bearish sentiment.

Also, the Relative Strength Index (RSI) confirms the trend direction, dropping into the oversold region with a value of 35.65, displaying a strong sell signal.

The Moving Average Convergence/Divergence (MACD) expresses a similar sentiment dropping below its signal line to mark the sellers’ return. Also, the Histogram bars are in red, confirming a negative trend shift.

PNDC Support and Resistance level: What’s the next Point?

PNDC faces resistance at $0.000003, repeatedly testing the price level today. However, selling pressure rises as investors seek to profit, leading to a sharp price drop.

PNDC is approaching the $0.000001 historical support level, hoping to find a pivot for a recovery. If this level fails to hold, the token will further decline, favoring the sellers.

PNDC will likely recover based on its past price behavior despite the drop. Once the sellers exhaust their initial energy, expect the buyers to re-enter the market for a recovery.

Nevertheless, there are no guarantees in the crypto market, and PNDC might drop below its support level in the coming days.

Missed The Early Pond Coin Rally? Sonik Coin Presents Another Opportunity

Sonik Coin is a unique meme coin project racing to reward its holders in record time. The goal is to quickly race to a 100 million market cap and achieve global adoption.

Sonik Coin presale is capped at approximately 299.79 million tokens, similar to the value of the speed of light. 50% of the tokens are for the presale, 40% for staking, and 10% for liquidity.

The Sonik Coin launch coincides with the meme coin rally that has ushered in tokens like HarryPotterObamaPacMan8Inu and $PEPE to prominence.

$SONIK Presale

SONIK is the token powering this speedy revolution and is available for presale. Each token is worth $0.000014 with just six days left to its conclusion.

The last few days will usher in an accumulation phase as investors scramble to purchase the tokens before the presales are over. Users can buy $SONIK with ETH, USDT once they connect to the authentic presale page.

Buying presale tokens might reward investors if they receive a positive sentiment when listed on exchanges. However, late investors might miss the initial surge after the listing and wait for an undefined period for the next rally.

Sonik Coin will list on Uniswap decentralized exchange after its presales, with another listing on notable exchanges likely to follow, thus boosting its price.

SONIK Staking Offers Users Additional Rewards

Users can use the Sonik Coin buy and stake feature to instantly lock their purchased tokens in a staking pool for additional rewards. Sonik Coin offers users staking at an impressive APY. Also, 40% of the total supply is reserved as staking rewards and distributed over four years.

Over 23.9 billion tokens are staked at an APY of 100%, which is impressive compared to the average APY of 4-5% for other crypto projects.

Staking adds more value to the Sonik Coin ecosystem and prevents users from dumping their tokens simultaneously after listing, thus preserving the value of $SONIK and controlling inflation.

Sonik Coin Roadmap

Sonik Coin divides its roadmap into three simple stages. The first stage covers token staking and development, meme creation, and the live presale of $SONIK tokens.

The second stage covers the staking launch marketing campaign deployment and the SONIK boom sellout. The third stage contains community-building activities, the distribution of staking rewards, and the race to a 100 million Market Cap value.

Analyst and Vlogger Micheal Wrubel calls Sonik Coin the next $1 million meme crypto in a YouTube video.

Wrubel has over 300 thousand subscribers on his YouTube Channel. He described Sonik Coin as a community-driven meme token that aims to be the fastest-growing project in its niche and is rapidly progressing in the crypto community.

The glowing review shows the growing adoption of the project. However, users are advised to do their research before making any investment.

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