Top Meme Coins: Dogecoin and Shiba Inu Trade Sideways, Investors Turn To Pomerdoge
The recent crypto market recovery started with meme coins. However, two of the most prominent meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) have lost their momentum, maintaining a stable presence. However, there’s a new player in town that has recently piqued the interest of crypto enthusiasts – Pomerdoge (POMD).
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Dogecoin (DOGE) Cools Off After Price Jump
The current recovery trend sweeping across the crypto market was first noticed in meme coins like Dogecoin (DOGE). After reaching the $0.6200 support level, the Dogecoin price found enough momentum to trade higher.
In addition, a tweet from X owner, Elon Musk also helped raise the sentiment for DOGE. Responding to a thread, Must tweeted “X is a dog & Doge friendly place!” Obviously referring to Dogecoin, the price of the meme coin went on a rally.
However, the rally appeared to have cooled off as the price of Dogecoin approached the critical $0.0650 level. If the DOGE bulls manage to find enough momentum to claim this resistance level, the price of the meme coin could rally as high as $0.0800 in the coming days.
Shiba Inu (SHIB) Trades Sideways After Rally
Another meme coin that has been on an uptrend is Shiba Inu (SHIB). The Shiba Inu coin began its rally after positive announcements concerning its layer 2 network, Shibarium. In less than a week, more than 10 million addresses were registered on the Shibarium network.
In addition, the mainnet will be restarted for the public in the coming days. Also, SHIB is now available to merchants in Brazil as a payment option thanks to Binance Pay. These pieces of information caused the Shiba Inu price to increase.
However, the price of Shiba Inu is facing difficulties at the $0.000008500 resistance level. Over the next few days, more SHIB buyers would be needed to build momentum to overcome this level before looking toward the $0.0000100 resistance.
Investors Turn To Pomerdoge (POMD) As Meme Rally Cools Off
While Dogecoin and Shiba Inu trade sideways, investors are turning to Pomerdoge (POMD). Investors now consider Pomerdoge the next big thing in the meme coin space as it is one of the few meme coins offering great utility.
Pomerdoge is creating a one-of-a-kind P2E game that will connect gamers from all over the world. The Pomerdoge ecosystem will comprise three major components: NFT collections, Pomergame (an immersive game center with rewards and compensation), and the Pomerplace, an NFT marketplace.
The game stands out from regular P2E titles as the unique avatars players will use are modeled after meme coins. Lastly, POMD is an in-game money that users may use to receive awards, gain access to NFTs, and buy products from the Pomerdoge marketplace.
According to crypto experts, Pomerdoge has the potential to transform the meme coin space because of its utility. As a result, they are projecting a 20x price surge for POMD, which now trades at $0.009 in its presale stage.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
Source: https://www.analyticsinsight.net/pomerdoge-gains-traction-as-dogecoin-and-shiba-inu-trade-sideways/