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Dogecoin (DOGE) needs to recover to go bullish again. Floki Inu (FLOKI) should convert social engagement to upward price movement. Meanwhile, Pomerdoge registered a price rise as investors consider it a promising venture for long-term returns.
Dogecoin (DOGE) has displayed a positive trend for the last three months. The token rallied for a bullish trend, and showed significant gains. However, August hasn't been great for Dogecoin (DOGE), with increasing uncertainties in the crypto market.
The first crash pushed Dogecoin (DOGE) down the $0.07178 mark, while the second caused further damage. Dogecoin (DOGE) almost touched $0.060 on the 18th before recovering slightly. However, the token is still in red. Dogecoin (DOGE) is priced at $0.06309, at press time, after losing 0.39% in 24 hours. There is a 28% increase in the trading volume.
Furthermore, Elon Musks' statements and actions influenced Dogecoin (DOGE). While this has benefitted the token, it also resulted in many losses. The short-term Dogecoin (DOGE) analysis shows it should break resistance at $0.0814 to regain its former strength. Of course, for this to happen, Dogecoin (DOGE) should clear the $0.0707 barrier yet again. We'll have to see what happens next.
Like other meme coins, Floki Inu (FLOKI) is also struggling to recover after the crypto market slump. The token is priced at $0.00001831 after losing 2.52% in the last 24 hours. However, Floki Inu (FLOKI) is still active on social channels.
According to TradeDog, Floki Inu (FLOKI) is among the top three cryptocurrencies on the BNB Chain with high social engagement. It was also trending on X (formerly Twitter) with altcoins like XRP. Nevertheless, Floki Inu (FLOKI) will benefit only when social engagement converts to transactions.
More community members need to be active, and push for Floki Inu (FLOKI) to rally upward. Given Floki Inu's (FLOKI) high performance this year, the chances of recovery are high. However, the overall graph since its launch has other things to say. Compared to the previous erratic movement, Floki Inu's (FLOKI) current chart is almost flat.
Will Floki Inu (FLOKI) manage to push past the $0.000050 mark yet again this year? Let's wait and watch.
Pomerdoge is a new P2E crypto game where users from around the globe can transact with each other. It combines networking, competition, gaming, earning, and cryptocurrency. The platform plans to dethrone leading meme coins with its native token, POMD. Pomerdoge will offer exciting rewards to token holders to increase their revenue.
The ecosystem will consist of Pomergame, Pomerplace, and NFTs. Pomergame will allow users with gold status to sell skins and items. Meanwhile, the Pomerplace gaming arena will create more earning opportunities. Furthermore, the platform is releasing a collection of 7,777 NFTs in August and September for presale investors.
In other news, POMD has established a bullish trend and is predicted to grow by 4,000% in the coming days. The in-game currency is priced at just $0.009. With the global blockchain gaming market estimated to touch $65.7 billion by 2027, analysts say it is a promising investment choice for novice and pro investors. Another advantage is that it will offer a percentage of revenue as earnings for token holders. Pomerdoge will be launched in Q4 of 2023.
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
