Meme coins, Shiba Inu (SHIB) and Pepe (PEPE) register activity, though none of it seems to favor a price rise. On the other hand, Pomerdoge is confident about wooing investors with its upward momentum.
- Shiba Inu (SHIB) lost 4.60% in 24 hours.
- Pepe (PEPE) is down by 20.96% in the last seven days.
- Pomerdoge promises 4,000% growth by the launch date.
What Does Shiba Inu’s (SHIB) Whale Activity Mean for its Price Movement
Shiba Inu (SHIB) went into a slump after the launch of Shibarium Layer-2 last week. While the market crash is one reason, analysts wonder what else is affecting Shiba Inu’s (SHIB) price. The token is at $0.000007917, at press time, after losing over 4.60% in a day. Shiba Inu (SHIB) recorded a weekly loss of 22.37%. However, the monthly graph is still in the green.
A couple of interesting transactions occurred amidst uncertain factors. A whopping 4.6 trillion Shiba Inu (SHIB) tokens moved from one address to another on the 20th. Considering the timing, experts say a new whale has entered the market. However, the exact nature of the transaction is yet to be clear.
In other news, we have encouraging information about Shibarium. Reports show the Layer-2 platform attracted over 10 million wallets. 331,258 staked BONE tokens despite the initial hesitation. The sudden development overwhelmed the Shiba Inu (SHIB) team.
With 21% Weekly Loss, Can Pepe (PEPE) Recover its Bullish Trend
Pepe’s (PEPE) price graph is aligned with the crypto market’s overall movement. The token lost almost 30% in a month due to consecutive market crashes. Unfortunately, Pepe (PEPE) is at risk of falling below the support level. If this happens, the frog-themed meme coin will incur more losses.
Pepe (PEPE) is trading at $0.000001085 at press time. The market cap is down by 2.97%, while the trading volume is up by 60.44%. According to TradingView, the Pepe (PEPE) graph shows a V-top pattern. It indicates a shift from bullish to bearish sentiments in the market. Furthermore, analysts say Pepe (PEPE) could lose another $22 if it falls below $0.00000105.
Data shows Pepe (PEPE) had a price reversal, and an increase in trading volume. Together, this hints at strong selling pressure. No wonder Pepe’s (PEPE) price is going down. Interestingly, Pepe (PEPE) looked hopeful last week for a brief moment. However, the price didn’t get enough follow-through support. Hence, Pepe (PEPE) couldn’t recover, and continues to be bullish.
Pomerdoge (POMD) is Stable and Growing During the Presale
Pomerdoge is the latest P2E game for players from around the world to connect with each other. The platform is a new and exciting investment opportunities for crypto lovers. Moreover, investing in new projects during the early stages will give significant returns. Experts say Pomerdoge offers a chance to enter the crypto market for an extremely good price point.
Take a look at our current competition within our telegram group where 3 users will each win $5,000 each in POMD tokenshttps://t.co/B9zhnIQa6C
Be there or be square pic.twitter.com/iw2BMK01Wt
— Pomerdoge (@pomerdoge) August 23, 2023
Statistics show that the global NFT gaming market’s estimated value is $5.10 billion in 2023, with a CAGR of 33.5% by 2028. POMD is the native token, and in-game currency for the ecosystem. The token is currently priced at only $0.009, with an expected growth rate of 40x. Additionally, the ecosystem will have Pomergame, Pomerplace, and NFTs. Presale investors can buy the collection of unique 7,777 NFTs at just 0.2ETH each.
Furthermore, the project will offer a percentage of the platform’s earnings as revenue to POMD token holders. The earnings will be directly proportional to the number of tokens a user owns. Moreover, there’s no buy or sell tax. The liquidity is locked for life to make the investment safe for buyers.
Find out more about the Pomerdoge (POMD) Presale Today
Telegram Community: https://t.me/pomerdoge