Ripple executives and XRP holders discuss tax implications
Ripple executives and XRP holders are discussing the tax implications of using the coin in cross-currency payments. There is a debate about whether taxes would affect customers settling XRP transactions on-chain without price changes or if prices changing during the transaction would lead to taxable events.
- Dogecoin (DOGE) has gained 6.6% in the last week and 18.1% in the previous month.
- DOGE traded at $0.079620 with a market cap of $11.17 billion and a 24-hour trading volume of $391.62 million as of July 31, 2023.
- XRP is currently trading at $0.7038 with a market cap of around $37 billion and a 24-hour trading volume of approximately $1.3 billion.
- Traders forecast XRP to hit $0.93 by the end of the year.
- Pomerdoge (POMD) is bullish on the monthly chart and experts expect more gains in the future.
Analysis of Dogecoin, XRP, and Pomerdoge
Dogecoin has seen gains in the past week and month, indicating potential growth in the future. XRP’s price movement is being discussed in terms of tax implications, and its traders predict further growth. Meanwhile, Pomerdoge’s ecosystem is attracting attention with its play-to-earn concept and anticipated release in Q4 2023.
Pomerdoge’s Ecosystem and Token
Pomerdoge’s ecosystem targets play-to-earn web3 users and offers a multifaceted platform including Pomergame, a virtual world for gamers. Players can create avatars, level up, and collect valuable in-game items. Pomerplace is a marketplace for trading in-game assets, and the platform has a distinct NFT collection. POMD is the native token driving all platform transactions and is currently available in the presale at $0.007.
Hot Take: Pomerdoge a Viable Option for Investors
While XRP and DOGE have gained investor interest, Pomerdoge’s robust ecosystem and play-to-earn concept may lead to future growth. The POMD token provides practical functionality and rewards from staking, making it a viable option for diversifying portfolios at spot rates.
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