In recent days, the Shiba Inu (SHIB) community has been buzzing with news that Shibariun has reopened and is now fully functional once again. However, amidst the comeback, the price of SHIB has remained bearish as the price drop continues. Meanwhile, the meme coin Pomerdoge (POMD) has embarked on an astonishing journey, reaching record highs.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Shibarium Bridge Reopens, But Shiba Inu (SHIB) Fails To Rally
After more than a week of shutdown, the Shibarium bridge – Shiba Inu’s layer 2 network – has finally been reopened. The Shibarium bridge to the transfer of assets between the Ethereum network and the Shibarium network.
The lead Shiba Inu developer – Shytoshi Kusama – announced on Monday that users can now withdraw a range of assets, including SHIB, LEASH, and wrapped Ether (WEth) tokens. According to the announcement, withdrawals take between 45 minutes to a week depending on the token.
In addition, there was a surge in Shiba Inu burn over the weekend. The massive burn over the weekend took the total value of the Shiba Inu coin burnt to over $3.41 billion. Despite these developments, the price of Shiba Inu remained bearish.
Mirroring the drop in the broader crypto market, the Shiba Inu price dropped by more than 3% over the last week. However, recovering the $0.000008000 support level, crypto experts have predicted that SHIB could rally by up to 25% in the coming weeks to reclaim the $0.00001000 resistance.
Pomerdoge (POMD) Soars To New Record High
Defying the bearish trend of the broader crypto market, the price of Pomerdoge (POMD) remained bullish over the weekend. The bullish performance of Pomerdoge over the weekend saw its utility token, POMD, soar to a new record high at $0.01.
The strong performance of this new meme coin has been projected to continue for the rest of 2023. According to crypto analysts, the price of POMD could soar to highs of $0.3, making its current price of $0.01 a great deal for new investors.
Price Increasing!!
We are now over 75% sold out of Stage One and its looking extremely likely that the first stage will sell out early! THE PRICE WILL INCREASE TO $0.014 ON FRIDAY THE 8th of September At 19:00 UTC
You can sign in to your account at anytime via… pic.twitter.com/rvdthjcACy— Pomerdoge (@pomerdoge) September 4, 2023
Crypto experts are bullish about Pomerdoge because it creates a new model in the meme coin industry. This is the first project to merge the meme coin space with the fast-growing blockchain play-to-earn (P2E) gaming sector.
As a result, the project combines the excitement of meme coins with great earning potential for gamers. The leading P2E title of the ecosystem, Pomergame, will serve as a platform where gamers from across the world can compete and communicate. Players will be able to earn rewards and in-game collectibles which they can also sell for money.
The team behind the project is also working on the Pomerplace which will serve as an in-game marketplace. The Pomerplace will enhance gameplay as well as enable users to earn more money. Lastly, the team will launch a collection of 7,777 NFTs with a floor price of 0.2 ETH. These NFTs will be available only to POMD holders, further increasing the appeal of the token.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
Source: https://www.analyticsinsight.net/shibarium-reopens-fully-functional-but-shiba-inu-price-drops-pomerdoge-soars-to-record-high/