Although the overall crypto market is reeling due to the domination of market bears, investors are filled with positivity surrounding the launch of Pomerdoge’s presale.
This new project has made several market records during its ongoing presale. Moreover, experts have predicted it to rise by 4,000% by the end of 2023. On the other hand, Shiba Inu (SHIB) and Pepe (PEPE) have been unable to keep the bears away.
Summary
- The number of whales holding Shiba Inu (SHIB) tokens has declined.
- 77% of Pepe (PEPE) holders are out of money.
- Pomerdoge has raised more than $4.8 million during presale.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Shiba Inu (SHIB) Is Under High Selling Pressure
The latest data from CryptoQuant has revealed a surge in the supply of Shiba Inu (SHIB) on exchanges. According to experts, this surge implies more investors want to sell their Shiba Inu (SHIB) tokens than those who want to hold them.
Besides, the data shows a decline in the number of Shiba Inu (SHIB) whale accounts. Subsequently, the price of Shiba Inu (SHIB) has seen many corrections. Notably, Shiba Inu’s (SHIB) market value has gone down by 21% over a fortnight.
At press time, a Shiba Inu (SHIB) token is available to buy at $0.000000811. However, there has been a surge in the hype around the Shiba Inu (SHIB) ecosystem, largely due to the Shibarium launch.
Just 21% Of Pepe (PEPE) Holders Are Making Money
The latest data from IntoTheBlock has caused panic in the Pepe (PEPE) community. Moreover, it shows that just 21% of Pepe (PEPE) investors are in a profitable situation. Besides, 2% of Pepe (PEPE) holders are at the break-even point. Thus, 77% of Pepe (PEPE) investors are currently suffering losses.
According to experts, the declining price can push more Pepe (PEPE) holders into the loss-making zone. As reported by Coinbase, the market value of Pepe (PEPE) has plummeted by more than 37% in the past month. Subsequently, the trading price of Pepe (PEPE) has fallen to $0.00000084.
Pomerdoge (POMD) Presale Writes A New Success Story
In the past year, the blockchain gaming sector has grown at a whopping rate of 2000%. Moreover, the P2E (play-to-earn) gaming industry has taken the lead in the Web3 sector. To take advantage of this growing market, Pomerdoge will launch a new P2E crypto project.
Its P2E game, Pomergame, will enter the market in the last quarter of 2023. Here, players can create their characters, and enhance them to elite statuses by using custom in-game items. After getting a gold-status Pomer, players can buy or sell in-game assets at the Pomerplace to generate additional money.
Pomerplace will enable players to trade assets and go into battles to earn rewards and money. The platform has also planned to introduce 7,777 non-fungible tokens during the presale round. The smart contracts of Pomerdoge’s native token, POMD, are fully audited by Solid Proof and Cyber Scope. Bringing additional stability to the platform, the project developers will lock the liquidity pool for life.
The presale round of POMD tokens is progressing through the 1st stage. The price of a token has soared to $0.0165 from $0.007, an increase of about 120%. However, it is likely to soar by 1,700% during the presale phase. Meanwhile, its presale has already raked in over $4.8 million. After the presale round’s completion, the tokens will go live on the Uniswap exchange.
Click Here to Buy Pomerdoge (POMD) Tokens.
Visit the links below for more information about Pomerdoge (POMD):
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
The post Why Are Shiba Inu (SHIB) And Pepe (PEPE) Losing Their Market Share? Experts Rally Behind Pomerdoge (POMD) appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/why-are-shiba-inu-shib-and-pepe-pepe-losing-their-market-share-experts-rally-behind-pomerdoge-pomd/