Top Meme Coins Shiba Inu and Pepe Face Decline, Pomerdoge Continues Meteoric Rise
Meme coins are taking over the crypto market with notable tokens like Shiba Inu (SHIB), Pepe (PEPE), and Pomerdoge (POMD) emerging as top tokens. These meme coins have shown huge potential in 2023 with chances for more gains.
Shiba Inu (SHIB) Investors Hoping for a Breakout
Shiba Inu’s price increased by 2.8% on August 29 after a rise in Bitcoin’s price. This occurred after Grayscale defeated the US SEC in court. However, the price surge failed to release the meme coin from its consolidation phase.
As a result, the Shiba Inu coin dropped to the triangular formation after encountering resistance close to the $0.00000845 level. The Shiba Inu price is currently valued at $0.00000811, a decrease of 1.16% over the previous 24 hours.
Nevertheless, a member of the Shiba Inu team named Lucie stated that Shibarium’s impact will become evident over the next eight to twelve months. Currently, investors are awaiting a breakout for the price of Shiba Inu and a jump to $0.00001.
NFT sneak peak. Just focus on the hats, face and shoes. That’s what we are showing you here.
Just some sneak peaks for the Pomercrew, you know how it goes
NFTs released in the coming weeks.
Get in our telegram channel for more by using the link below … pic.twitter.com/HCAYG4h8eU
— Pomerdoge (@pomerdoge) September 6, 2023
Pepe (PEPE) Stuck in a Consolidation Pattern
Earlier this year, the frog-themed meme token Pepe coin (PEPE) took the top spot in the cryptocurrency market. In May, It climbed to an all-time high of $0.00000435 before yielding to bearish pressure. Presently, the Pepe coin price is trading at $0.000000836825.
This represents a 5.09% price drop on the previous day and 22.48% over the previous week. Notably, the price of Pepe coin has been moving sideways for the last five days with neither buyers nor sellers initiating a trend.
It is stuck within the August 17th consolidation range of $0.00000095 to $0.00000075. A breakout above the $0.00000095 mark will spark a price rally of 20%.
Can Pomerdoge (POMD) Outperform Shiba Inu and Pepe?
Unlike Shiba Inu and Pepe, Pomerdoge (POMD) has been on a bullish price trajectory. This has attracted investors from across the crypto space as the project has sold over 190 million tokens. Meanwhile, Pomerdoge’s rise to fame is the result of its unique strategy and entry into the billion-dollar gaming industry.
The project aims to combine useful real-world utility with the feature of meme coins and P2E tokens. Subsequently, this will offer Pomerdoge an advantage over other meme coins like Pepe and Shiba Inu. One component of the planned Pomerdoge ecosystem is Pomergame.
Users can play the game Pomergame and get rewards by participating in games. Additionally, they can customize goods as well as in-game characters to elite levels. Furthermore, this ecosystem will also host a marketplace and battle arena for combat called Pomerplace.
Players will be able to exchange their collectibles and other in-game assets on Pomerplace. Meanwhile, the native token called POMD or Pomerdoge token is what drives this ecosystem. Therefore, this is the best time to buy the Pomerdoge token at just $0.0115 before its price increases to as high as $0.15.
Find out more about the Pomerdoge (POMD) Presale Today:
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