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Meme coins have become popular investment options. They are renowned for giving massive returns. Braving market bears, Dogecoin (DOGE) has posted gains in recent weeks.
However, its growth has been smaller compared to that of a new P2E meme coin, Pomerdoge. This new project has become whales’ favorite, and can rise by 40x by the end of 2023.
Summary
- Data shows that whales control 80% of Dogecoin (DOGE) tokens.
- Pomerdoge has moved closer to 17x presale gains.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Whales Show Interest In Dogecoin (DOGE)
The market conditions have lately favored Dogecoin, and DOGE has been able to move upward on the price chart. Its price has been positive on both time stamps, weekly and monthly. On the weekly price chart, Dogecoin (DOGE) has witnessed a surge of 2%. Moreover, in the past 30 days, Dogecoin (DOGE) has seen an increase of 17% in its market value. Thus, the current trading price of Dogecoin (DOGE) has jumped to $0.0757.
The latest event that caused a steep rise in the value of Dogecoin (DOGE) is Elon Musk’s recent interview. During the interview, Musk noted that Dogecoin (DOGE) can be used as a payment option on X, formerly called Twitter. Although Musk mentioned Dogecoin as a reference for all cryptocurrencies, the DOGE community was quick to encash it. Soon after the interview, Dogecoin (DOGE) was able to break its losing streak and register a growth of 4%.
Meanwhile, the on-chain data suggests that big investors are more willing to hold Dogecoin (DOGE) than to sell it. The data shows that 80% of all Dogecoin (DOGE) tokens are controlled by whales, who are accumulating them in anticipation of future growth.
Thus, bearish sentiments around Dogecoin have plunged, and buying pressure on DOGE has intensified. This, according to experts, can cause a further surge in the price of Dogecoin (DOGE). Technical indicators suggest that Dogecoin (DOGE) could see a price increase from 50% to 155%.
Pomerdoge (POMD) Triggers Bullish Sentiments In The Market
Pomerdoge has teased a new play-to-earn (P2E) game that aims to change the landscape of the blockchain arena. The new game, named Pomergame, will boast the best features of meme coins and P2E tokens. As per a research report, the market size of global blockchain gaming can reach $65.7 billion in the next four years. Therefore, investors have high hopes for Pomerdoge.
According to experts, this new P2E meme coin can surpass cryptocurrencies like Shiba Inu, Dogecoin, or Pepe, in growth and popularity. Moreover, Pomerdoge has brought fun and financial opportunities together.
Three major elements make the Pomerdoge ecosystem. Pomergame, being the first one, allows gamers to create avatars and custom in-game items. Next, Pomerplace allows users to trade custom in-game items with other players. The third component is a collection of 7,777 NFTs, which the platform will release during the presale.
The presale phase of Pomerdoge is currently in stage 1, and has raised more than $630,000. The platform has noted that only 1 billion tokens will enter the market during the presale. At press time, the market price of a POMD token has risen from $0.007 to $0.008. Moreover, experts have predicted that the price of POMD tokens can jump by a minimum of 1700% by the end of the presale round. After the presale, POMD tokens will be available on the Uniswap exchange.
Find out more about the Pomerdoge (POMD) Presale Today
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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