Shiba Inu (SHIB), a prominent meme-inspired token, finally unveils its much-anticipated Shibarium launch. This significant event has set the stage for potential market shifts that could impact the price of SHIB. As the cryptocurrency community watches closely, Dogecoin (DOGE) and Pomerdoge (POMD), get ready for potential for major price surges.
After several months of anticipation, the Shiba Inu (SHIB) layer 2 mainnet – Shibarium has finally launched. The layer 2 network logged over 21 million wallets during its beta phase, demonstrating excitement around its launch.
The layer two-layer network is built on a new proof-of-participation (PoP) consensus algorithm. The new Shiba Inu L2 blockchain solution is designed to exchange data with the primary Ethereum layer-1 blockchain but will be cheaper and more scalable.
Despite this, the price of Shiba Inu has been on a downtrend. In the last 24 hours, the price of Shiba Inu has plunged by 8.6% and now trades at $0.000008888. Despite this, crypto experts believe that SHIB could rally to $0.00001200 this month.
In the last 24 hours, the price of Dogecoin (DOGE) has plunged by 3% and over 10% in the last seven days. This mirrors a downtrend in the crypto market inspired by a bearish trend in the macroeconomic market.
Despite the unfavourable market trend, Dogecoin is building a pattern that has previously resulted in a parabolic increase. The Parabolic SAR indicator, which indicates when a trend has paused and reversed, shows promise on the monthly Dogecoin chart.
At the time of writing, the price of DOGE is quite near to marking the monthly Parabolic SAR. The meme coin gained 500%, 225%, and 25,000% thrice over several months. If this happens, Dogecoin could rally to a new all-time high.
Aside from Shiba Inu and Dogecoin, another crypto showing bullishness in the current bearish market is Pomerdoge (POMD). In contrast to the bearish trends, the presale of Pomerdoge has reached a new milestone, leading crypto experts to predict a massive price surge incoming.
The Pomerdoge presale has gotten this much attention because of its new model in P2E gaming. Experts are optimistic about Pomerdoge, which combines the blockchain play-to-earn (P2E) sector with the meme coin space. They believe this new game will be the dominant force to contend with in P2E gaming.
In the Pomergame, players will create their avatars modelled after popular dog-themed meme coins. With these avatars, they will compete in arenas against other players to win rewards and in-game collectables.
The Pomerdoge team will also provide more chances for players to earn up to $150,000 through weekly contests, giveaways, and competitions. With the growing interest from gamers, crypto experts have predicted that POMD could rally as much as 20x this year. This means investors have a great opportunity to acquire the token now as it trades at $0.08.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
Belarus has formally legalized crypto banks, marking a notable shift in how the country approaches…
Story Highlights The live price of the Stellar crypto is XLM price could reach a…
TRON (TRX) is showing inherent strength and is holding firm after rising higher in this…
XRP has become one of the most searched cashtags on X, showing growing interest in…
CME Group, the world’s largest derivatives marketplace, is set to broaden its crypto product lineup…
Coinbase’s decision to withdraw support for the US CLARITY Act has reignited tensions across the…
