Shiba Inu Pumping As Dogecoin Diamond Hands Cool Off, Pomerdoge Price Increases, People Are Calling It Dogecoin on Steroids
The meme coin space is one of the most interesting, yet highly competitive sectors in the crypto industry. While Dogecoin (DOGE) diamond hands begin selling, its major competitor, Shiba Inu (SHIB) has been pumping. Similarly, the newcomer, Pomerdoge (POMD), has been seeing massive price increases. As a result, investors are now calling Pomerdoge “Dogecoin” on steroids.
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Dogecoin (DOGE) Diamond Hands Cool Off
In crypto, “diamond hands” are considered very important to the success of projects as they refuse to sell during bear markets. Diamond hands prevent sell-offs from happening and escalating price declines for cryptos. However, the diamond hands of Dogecoin (DOGE) are beginning to crack.
Despite the growing speculations about Dogecoin’s integration into X (formerly Twitter), investors are still dumping the token. As a result, the price of Dogecoin has continued to decline. In the last seven days, the price of Dogecoin has tumbled by more than 8% and now trades at $0.0725.
Crypto experts have predicted that if there is no change in market trend and diamond hands continue dumping, the price of Dogecoin could fall below the $0.0700 support in the coming days. If Dogecoin loses this important psychological level, the price decline could get worse.
Shiba Inu (SHIB) Continues Pumping Despite
While Dogecoin struggles, its biggest competitor, Shiba Inu (SHIB) has been pumping. In the last seven weeks, the price of Shiba Inu has been trading on an upward channel. As a result, the price of SHIB increased by more than 35% in that period.
The massive rally saw Shiba Inu break above the $0.00000900 resistance for the first time since May. However, due to a sell-off in the broader crypto market, Shiba Inu has now lost this level and now trades at $0.000008897.
Despite its recent price drop, crypto experts are still bullish about Shiba Inu in the coming weeks. With the much-anticipated Shibariu – Shiba Inu’s layer 2 network – ready to launch next week, crypto experts have predicted another price pump for Shiba Inu to crack the $0.00001000 resistance.
Dogecoin on Steroids, Pomerdoge (POMD), Price Explodes
Pomerdoge (POMD) is the new meme coin capturing the attention of investors and enthusiasts alike following its latest price surge. As a result, crypto investors are drawing comparisons to a ‘Dogecoin on steroids’ narrative for Pomerdoge.
The price of Pomerdoge is on a parabolic rise as it offers more utility than other meme coins, Shiba Inu and Dogecoin. Many investors are calling Pomerdoge the meme coin of the year as the project connects the meme coin space with the fast-growing play-to-earn (P2E) sector.
Fueled by the hype of meme coins and one of the most exciting blockchain games ever, crypto experts are bullish about the future of Pomerdoge. According to crypto experts, the price of Pomerdoge could follow the same trajectory as the impressive Shiba Inu rally of 2021.
Following the same path as Shiba Inu, Pomerdoge is staring down on a 4,000% price surge by Q4. At the time of this writing, POMD trades at $0.007 per token. Gaining 4,000% would see POMD valued at $0.35 by Q4.
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