The recent price movements of well-known tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) have stirred concerns among traders. In a landscape that’s continually changing, it’s vital to examine the trends of these coins, particularly in contrast to the steady upward movement of Pomerdoge (POMD).
DOGE dips toward the red further
Dogecoin (DOGE), known for its meme-inspired origins, has garnered significant attention and a dedicated community. However, recent weeks have witnessed fluctuations in the value of Dogecoin, raising alarms among its holders. To be specific, the price of Dogecoin has dropped by 10.8% in just the past week.
Currently, various indicators suggest that traders are becoming less interested in Dogecoin and are turning their attention to Shiba Inu, partly due to the excitement around its Shibarium launch.
At present, the price of Dogecoin stands at $0.06739, carrying a market capitalization of $9.4 billion, reflecting a 4% overnight decrease. Moreover, its trading volume has declined by 1.94% in the same timeframe, totaling $426,317,860. These downward trends have led experts to anticipate a potential short-term drop for Dogecoin, possibly reaching $0.060. While a tweet from Elon Musk might trigger an increase again, only time will reveal the outcome.
SHIB faces a straight decline
Similar to Dogecoin, Shiba Inu (SHIB) has faced drops in its price, prompting questions about the fading fervor around Shibarium. In simple terms, Shiba Inu coin has experienced a 9.7% decline in its value on weekly charts.
Recent Shiba Inu news highlighted a turbulent launch for Shibarium due to technical glitches that temporarily shut down its mainnet RPC. Following this, the price of Shiba Inu dropped by 9%, and it hasn’t managed to recover since. Shiba Inu is currently trading at $0.000008874, with a market capitalization of $5.2 billion, marking a 9.20% fall in the past 24 hours.
Related: Surging interest in Shiba Inu sends Bitcoin a warning signal
POMD faces a bullish run thanks to its P2E platform
Amidst the uncertain trajectories of DOGE and SHIB, Pomerdoge (POMD) has been on a positive trajectory, witnessing a 14% increase in its presale price. This consistent bullish trend has captured the interest of traders.
Pomerdoge’s strength lies in its Play-to-Earn (P2E) gaming experience, known as Pomergame. Within this immersive virtual realm, players can elevate their characters to elite levels, earning POMD native tokens through quests and other in-game activities.
Notably, Pomerdoge also offers a collection of 7,777 unique NFTs (Non-Fungible Tokens), each holding its own set of benefits, to be unveiled closer to the launch date. However, access to these NFTs will be exclusively granted to POMD token holders.
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