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Top meme coins, Dogecoin (DOGE) and Pomerdoge (POMD) have captured the attention of cryptocurrency enthusiasts and investors alike due to their notable bullish price movements. However, investors are doubting if this surge will continue. Let's find out.
Robinhood Wallet, a prominent multi-chain and self-custody Web3 wallet, has introduced new features to meet the demands of its growing user base. Notably, the platform has expanded its support to encompass Bitcoin and Dogecoin. As a result, users can now effectively custody, send and receive these popular cryptocurrencies within the wallet's secure ecosystem.
Unfortunately, the bullish news failed to trigger a spike in the price performance of DOGE. However, some minor drawdown was noticed in the past 24 hours. The price of Dogecoin stands at $0.066512, a 1.56% price increase in the last 24 hours. Meanwhile, the Dogecoin price is also showing a 4.21% price increase in the past 7 days.
Dogecoin's trading volume soared by 230% upon news of Grayscale's lawsuit win against the US SEC. Unfortunately, the token's trading volume has dropped by 45.50% in the last 24 hours. This signifies a drop in market activity and trading from DOGE holders. Nevertheless, DOGE holders are still optimistic about the token.
The sentiment is a result of Elon Musk's X (formerly Twitter) recently receiving a license for payments. Currently, Dogecoin's RSI value is at 46 and dropping. This suggests a continuation of the bearish trend. DOGE is currently facing resistance at the 50-week EMA near $0.079 and the 200-week EMA near $0.086. If the memecoin surpasses these key levels, it could reach $0.106.
Pomerdoge (POMD) has displayed remarkable resilience despite the bearish market. Additionally, it has set itself apart from other meme coins like Dogecoin and Shiba Inu through its substantial utility. In addition, this emerging project is actively developing three pivotal components that will form a significant part of its ecosystem.
These components comprise Pomergame, a captivating gaming platform, Pomerplace, an NFT marketplace and battle arena and lastly, an assorted collection of NFTs. A central part of this ecosystem is the Pomergame. Moreover, participants will have the opportunity to earn rewards as they play the game.
Additionally, they can trade their Pomergame rewards for tangible currency on Pomerplace. Furthermore, the project's team has slated the unveiling of an NFT collection in September. It is important to note that access to these NFTs will be exclusively granted to POMD token holders.
The Pomerdoge token, denoted as $POMD, serves as the in-game currency powering the Pomerdoge ecosystem. Through token earnings, users can gain access to rare NFTs, and rewards, and buy distinctive items from the Pomerdoge marketplace.
Currently, the Pomerdoge token is available for purchase at a mere $0.0115 after selling over 197 million tokens. Luckily, industry experts are projecting an astounding 17x return on investment for early supporters by the time December arrives.
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
