Despite the popularity of Dogecoin (DOGE) and Shiba Inu (SHIB), two major meme coins in the crypto space, their price movements continue to remain bearish. However, investors are going crazy about a new memecoin, Pomerdoge, whose price increased from $0.009 to $0.01 recently.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Dogecoin (DOGE) Facing Break From Critical Support
On August 20th, the Dogecoin price soared to a 7-day high of $0.06458 as bulls regained control of the market. However, the bears have reemerged as negative sentiment soars in the Dogecoin community.
The long wick observed on Dogecoin’s candlestick on August 23rd signifies the persistent efforts of bears, who persist in selling during market rallies. Presently, the trading level rests at $0.062383, reflecting a decline of 1.70% over the previous 24 hours.
If the price of Dogecoin slips beneath the crucial support at $0.06, it would indicate the continued dominance of the bears. Consequently, Dogecoin might subsequently descend to the intraday low established at $0.055 on August 17th. DigitalCoinPrice has forecasted Dogecoin to reach $0.12 by December.
Shiba Inu (SHIB) Price Down Despite Shibarium’s Successful Relaunch
In a recent blog update, Shytoshi Kusama, the primary developer behind Shiba Inu, revealed that Shibarium has successfully relaunched. According to the post, the network has recorded huge adoption with over 65,000 wallets created and 350,000 transactions.
Notably, Shibarium’s initial rollout on August 16 faced challenges that temporarily interrupted block production. Nevertheless, the team seems to have addressed and resolved the initial issues.
Nevertheless, the Shiba Inu price has yet to make any noticeable increase. Moreover, the price of Shiba Inu has been on a decline after reaching a 4-month high of $0.00001134 on August 12th. Currently, the Shiba Inu coin is valued at $0.00000794, a 2.20% price decline in the last 24 hours.
Pomerdoge (POMD) To Reach $0.35 By December – Analyst
Amid the prevailing uncertainty surrounding Dogecoin and Shiba Inu, Pomerdoge (POMD) has emerged as a refuge for crypto investors. Besides, there has been a notable surge of new investors accumulating Pomerdoge tokens after its price increased to $0.01.
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
According to crypto experts, Pomerdoge’s price trajectory is bullish and could hit $0.35 by year-end. This projection has drawn the attention of crypto enthusiasts who are amassing POMD tokens to partake in the potential substantial gains.
Recent statistics show that a significant 22% of gamers dedicate a substantial 61-80% of their time to engaging in online multiplayer games. This trend bodes well for Pomerdoge’s upcoming gaming platform, Pomergame. Participants who buy the POMD token will enjoy several benefits.
Holders of this in-game digital currency will enjoy rewards, exclusive NFTs, and a stake in the platform’s earnings. Pomerdoge’s smart contracts have undergone meticulous scrutiny by both SolidProof and Cyberscope. Luckily, the platform is currently in the initial phase of its presale, and the Pomerdoge token is available at only $0.01 each.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
Source: https://www.analyticsinsight.net/dogecoin-and-shiba-inu-remain-bearish-as-pomerdoge-price-surges/