Pomerdoge, a rising star in the memecoin scene, is making significant waves among crypto enthusiasts. As this Play-to-Earn memecoin currently offers discounted tokens during the presale phase, it’s seeing a noteworthy influx of holders from Dogecoin (DOGE) and Litecoin (LTC) communities. But what’s causing this shift? Let’s investigate further.
Pomerdoge is a promising new entry in the Play-to-Earn (P2E) cryptocurrency landscape, offering a platform where players can interact, compete, and earn. This concept has been built with the objective to create a vibrant economic system where participants can earn while having fun.
The POMD token, an ERC20 utility token, lies at the core of the Pomerdoge ecosystem. It will facilitate transactions and empower the native rewards system within the platform. Notably, early adopters participating in the presale can earn a share of the game’s revenue by holding onto POMD tokens.
POMD is also a meme token that seeks to take on the likes of Pepe (PEPE), Shiba Inu (SHIB), and Dogecoin (DOGE). Early speculators believe that POMD captures the essence of a meme token and has the potential to outperform its predecessors, which have all seen tremendous gains since its launch.
The first stage of the Pomerdoge presale is currently ongoing, with tokens available at a bargain price of just $0.007 each. As the presale moves forward, the price is set to increase periodically. This early entry point could provide an excellent opportunity for investors ahead of the token’s listing on exchanges and the subsequent price discovery process.
Dogecoin (DOGE), an internet meme-turned-digital currency, has built a reputation as the quintessential “people’s coin”. It has gained popularity due to its affordability and accessible nature, making it an attractive choice for new and casual investors.
Tesla and SpaceX CEO Elon Musk played a crucial role in Dogecoin (DOGE)’s remarkable climb to $0.74 in 2021. Musk would regularly tweet about Dogecoin (DOGE) to his 140+ million followers, and the coin enjoyed a surge in price each time.
Dogecoin (DOGE)’s allure is deeply rooted in its meme status, its celebrity patronage, and its speculative nature. It relies on FOMO (Fear of Missing Out) to sustain its price, which is why Dogecoin (DOGE) currently trades at 90% down from an all-time high.
Dogecoin (DOGE)’s struggle to breach the $0.070 barrier is noticeable, signaling the weakening in buying support as Dogecoin (DOGE) holders move over to the newer and more attractive Pomerdoge.
One of the earliest cryptocurrencies, Litecoin (LTC), emerged in 2011 and has established a name for itself as a “lite” version of Bitcoin (BTC). Litecoin (LTC) has had a strong presence in the crypto space, with its value twice surpassing the $400 mark, in 2017 and again in 2021.
Recently, Litecoin (LTC) made waves in Q2 2023 as its prices leaped from $69 to a noteworthy $114 within a fortnight. This surge in Litecoin (LTC)’s price can be traced back to the upcoming halving event, which traditionally triggers increased demand and subsequently propels prices upward.
However, despite its impressive Q2 2023 trajectory, Litecoin (LTC) has experienced a wave of selling pressure, causing it to dip below the $100 support and resistance zone. This event left Litecoin (LTC) traders scratching their heads as it deviated from previous trends.
It appears that Litecoin (LTC)’s market impact may not be as impactful globally as it was in past years. As the Litecoin (LTC) halving event approaches, now less than a month away, analysts suggest that the bullish narrative surrounding this event has fizzled out and that the Pomerdoge presale has taken the spotlight.
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