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 <p class="is-style-lead">Ripple executives and XRP holders are discussing tax implications for using the coin in cross-currency payments. Meanwhile, Dogecoin (DOGE) and Pomerdoge (POMD) posted gains on the <a rel="noopener noreferrer nofollow" title="weekly" href="https://thebittimes.com/tag/weekly.html">weekly</a> <a rel="noopener noreferrer nofollow" title="chart" href="https://thebittimes.com/tag/chart.html">chart</a>s. On the other hand, analysts continue to debate about high-value altcoins in 2023. </p> 
 <h2 class="wp-block-heading" id="dogecoin-gains-on-the-weekly-chart">Dogecoin gains on the weekly chart</h2> 
 <p>Dogecoin is up 6.6% in the last week of trading, rising 18.1% in the previous month.&nbsp;</p> 
 <p>As of July 31, 2023, DOGE traded at $0.079620 with a market cap of $11.17 billion and a 24-hour trading volume of $391.62 million, a 21.94% increase.</p> 
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 <p>Rising trading volumes suggest that DOGE may grow in the days ahead, a reason why more investors are placing bullish bets on the coin.&nbsp;</p> 
 <p>Some predict DOGE may hit $0.10 by year-end.</p> 
 <h2 class="wp-block-heading" id="xrp-price-movement">XRP price movement</h2> 
 <p>Fredo Ayala, who works with accounting and finance, started a conversation on Twitter.&nbsp;</p> 
 <p>He said <a rel="noopener noreferrer nofollow" title="taxes" href="https://thebittimes.com/tag/taxes.html">taxes</a> would only affect customers if they settle XRP transactions on-chain without price changes. However, if prices change while the transaction is being initiated, it could lead to more or fewer taxable events.&nbsp;</p> 
 <p>Neil Hartner, a software engineer at Ripple, explained a situation involving converting USD to EUR using XRP in between. Mark Hamilton, who used to work at Ripple, compared this with how regular banks handle transactions.</p> 
 <p>As of July 31, 2023, XRP is trading at $0.7038. Its market cap rose to around $37 billion with a 24-hour trading volume of approximately $1.3 billion.&nbsp;</p> 
 <p>In the last month, XRP is up roughly 50%, with traders forecasting the coin to hit $0.93 by the end of the year.</p> 
 <h2 class="wp-block-heading" id="pomerdoge-ecosystem">Pomerdoge ecosystem</h2> 
 <p>Pomerdoge&nbsp;is bullish on the monthly <a rel="noopener noreferrer nofollow" title="chart" href="https://thebittimes.com/tag/chart.html">chart</a> and experts expect more gains going forward.</p> 
 <figure class="wp-block-image"> 
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh4.googleusercontent.com/M2lXSYynTPrjufRRIMm3JtU0pOqj8AL9IpmZj-oPfig-1GtRDiT9uooxFy6Z5hjSt-avMiBc8iHS-SWM3BabF9DAg5Yjxuvmgla6uzuIeAphY1F6nIbsWEMgoWgo3D_hnMv3pDwv5ihJw4w31yAF2J8" alt="Ripple executive discusses taxes, Dogecoin, Pomerdoge gain on weekly charts - 1"> 
 </figure> 
 <p>The Pomerdoge ecosystem targets play-to-earn (P2E) web3 users and offers value to players and investors. Its multifaceted platform includes Pomergame, a virtual world with engaging gameplay designed to attract global gamers.&nbsp;</p> 
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 <p>Players can create avatars, level them up, enhance their capabilities, and collect valuable in-game items. Additionally, Pomerplace is a dedicated marketplace enabling the buying, selling, and trading of in-game assets.</p> 
 <p>The platform will also have a distinct non-fungible token (NFT) collection comprising 7,777 unique NFTs accessible to POMD token holders.&nbsp;</p> 
 <p>These NFTs are each priced at 0.2 ETH. </p> 
 <p>The Pomerdoge team maintains an ongoing development effort, targeting a Q4 2023 release for the ecosystem.</p> 
 <p>Currently, POMD is available at $0.007 in the ongoing presale.</p> 
 <h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
 <p>In 2023, XRP and DOGE garnered substantial investor interest.&nbsp;</p> 
 <p>However, Pomerdoge might surge in the days ahead due to its robust ecosystem.&nbsp;</p> 
 <p>Its play-to-earn concept can attract a broad audience, allowing players to earn while they engage.&nbsp;</p> 
 <p>POMD, its native token, drives all platform transactions, providing holders with practical functionality and rewards from staking.&nbsp;</p> 
 <p>As such, investors looking to diversify their portfolios can consider Pomerdoge a viable option at spot rates.&nbsp;</p> 
 <p><strong>Find out more about the Pomerdoge presale</strong></p> 
 <p><strong>Website:&nbsp;</strong><strong>https://pomerdoge.com/</strong><strong>&nbsp;</strong></p> 
 <p><strong>Telegram Community:&nbsp;</strong><strong>https://t.me/pomerdoge</strong><strong>&nbsp;</strong></p> 
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Ripple executive discusses taxes, Dogecoin, Pomerdoge gain on weekly charts

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