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Recent market data suggests a noteworthy shift, with many Dogecoin (DOGE) Shiba Inu (SHIB) fans diversifying their portfolios by buying into the Pomerdoge (POMD) presale. Let's dive into what Pomerdoge is and why the holders of the other memecoins are so eager to add POMD to their holdings.
Pomerdoge, with its playful homage to the meme culture, has managed to make significant movements in the crypto community even before its full launch. In fact, more than 300 million tokens have been sold so far!
The project's promise isn't just grounded in memes; it's also about establishing a broad ecosystem that includes a P2E gaming platform, a marketplace for trading in-game assets, and the potential utility of the POMD token itself.
At the heart of Pomerdoge is its groundbreaking P2E gaming ecosystem. Far from just another online game, it serves as a global battleground, inviting players worldwide to match wits in thrilling virtual showdowns. Beyond the sheer enjoyment, players vie for tangible rewards, making the platform universally accessible and enticing.
With an introductory price of $0.009 per token, many are seeing the presale as an opportunity to get a prime position in what could be the next big thing in the meme coin space.
Given that industry leaders are tipping their hats to Pomerdoge as the next memecoin leader, predictions of a 50X surge for initial presale participants are rife. There's also the case of Shiba Inu and Dogecoins abandoning their boats to jump onto the POMD train.
Shiba Inu burst onto the cryptocurrency stage in 2020, challenging Dogecoin for the title of top dog in the memecoin arena. Its meteoric rise in 2021 did just that, with an unexpected 10,000% gain to claw its way into the top 10 cryptos by market cap.
However, despite its early promise, Shiba Inu hasn't quite managed to usurp Dogecoin as the reigning memecoin. Its aspiration to be the "Dogecoin slayer" seems distant with its current price at $0.000007984 — a staggering 90% dip from its peak of $0.00008845.
Shiba Inu now faces turbulent waters after losing more than 20% of its value in days and crashing through the pivotal support level of $0.000010000. Given the bearish undertones, many anticipate the token to plummet towards the $0.000005000 support range in the following months.
With Shiba Inu's challenges becoming increasingly apparent, shrewd investors are moving to the next dog to take a bite out of the meme coin market — Pomerdoge.
Dogecoin began in 2013 as a tongue-in-cheek response to the cryptocurrency boom. Each bull cycle propels Dogecoin to unprecedented heights, with its 2021 rally of 100x being a testament to the power of the memecoin.
Much of Dogecoin's explosive growth can be attributed to the whims of Elon Musk, Tesla's enigmatic CEO. His tweets have frequently moved the cryptocurrency markets, and Dogecoin in particular seems to be his favored digital coin.
Being a memecoin, Dogecoin doesn't have the fundamental attributes that the likes of Pomerdoge offer. Its value often hinges on celebrity endorsements and social media buzz. For Dogecoin to approach its past highs, it would likely need another influx of investor enthusiasm or a fresh wave of FOMO.
At present, Dogecoin is hovering near the $0.062 level, having rallied from its June support at $0.050. The next resistance level is at $0.070, with the main psychological barrier of $0.100 standing as the next major milestone.
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
