Litecoin Payments Surge 50%, Bitmain Launches Monero Mining Machine, Pomerdoge Targets 17x Price Surge

In the rapidly developing world of cryptocurrencies and decentralized finance (DeFi), significant occurrences are making headlines. Litecoin (LTC) is making waves as payments surge by 50%. Following behind is the Monero (XMR) mining machine launched by Bitman. But the star of the crypto market remains Pomerdoge (POMD) as the top crypto gainer with a 17x price surge. 

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Litecoin Payments Surge 50%

Litecoin’s usage on cryptocurrency payment processor BitPay increased by 50% between spring and summer, indicating a rise in its utility. Next to Bitcoin, Litecoin is the most popular cryptocurrency for making payments on the exchange.

The LTC coin made up 34.05% of BitPay’s cryptocurrency payment total in July, while Bitcoin made up 36.47%. As, the Litecoin network has passed 175 million transactions, marking a significant milestone. The fact that last year, in 2022, just 39 million people were born throughout the entire year, indicates a rising trend. 

There have been more than 46 million transactions so far this year alone. The price of Litecoin has increased following this report. The Litecoin price has increased by 5%, reaching highs of $70. However, more bullish momentum broke above the $70 resistance.

Bitmain Launch Monero (XMR) Mining Machine

Bitmain, a well-known producer of cryptocurrency mining equipment, made a daring announcement about the impending release of its most recent product, the ANTMINER X5. The Antminer X5 is a dedicated mining equipment developed for Monero (XMR). The Antminer X5 boasts a hash rate of 212 kilo hash per second (KH/s). 

With its powerful specifications and support for many cryptocurrencies, Bitmain’s ANTMINER X5 is poised to redefine professional Monero mining. By taking advantage of the yet-to-be-released, It is challenging for users to predict the new ANTMINER X5’s pricing between August 28 and August 31. 

The report sparked a bull run for the price of Monero as it rose to the $150 resistance. Rejected at this level, the Monero price stands at $145 but would need more momentum to reclaim this level.

Pomerdoge (POMD) To Top Crypto Gains With 17x Price Surge

Investors are paying attention to Pomerdoge (POMD), another hot cryptocurrency. Crypto experts have high hopes for Pomerdoge because it is the first project to create an ecosystem that mixes meme coins and the blockchain gaming industry.

The Pomerdoge ecosystem includes NFT collections, Pomergame (an immersive game center with awards and payments), and the Pomerplace (an NFT marketplace). A social infrastructure for players from across the world is also included in the ecosystem.

Pomerdoge places a higher priority on safety and user security than other P2E gaming platforms. SOLIDProof and Cyberscope have therefore audited its platform.

Experts forecast a 17x price increase for POMD, the utility token of Pomerdoge, as a hybrid project that is strategically positioned. The presale is quickly selling out at $0.01 per token, making it one of the best investments for buyers because liquidity will be sealed for life.

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