Shiba Inu and Dogecoin continue to fall in value. Why is everyone … – CryptoNewsTo

Shiba Inu and Dogecoin continue to fall in value. Why is everyone …

Shiba Inu and Dogecoin continue to fall in value. Why is everyone talking about the new crypto Pomerdoge?

If you haven’t heard yet, a new crypto Pomerdoge is coming soon. This exciting new Play-to-earn game has a lot to offer. Shiba Inu follows the market in the red and Dogecoin sees a decline in engagement and investor interest. Read below to find out what you need to know.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

What is Pomerdoge and Why Should You Care?

POMD, the Pomerdoge token, will grant access to exclusive NFTs and rewards. Using the token, players will be able to buy items from the Pomerdoge marketplace, which will help to level up their character. Pomerdoge is fully audited and offers gamers around the world the possibility of being paid for the time they spend playing the game. Once people build up their character to elite level, they can create their own unique items for their Pomer avatar. At gold status, more features will be unlocked, and gamers will be able to sell skins and more.

Phase one of the roadmap has been completed already. In phase two, influencer marketing begins, the NFT collection goes live, and the Pomerdoge game development continues while Pomereducation begins.

Phase three brings significant milestones, such as the launch of the token on Uniswap, POMD staking, major CEX listings, and, excitingly, the launch of the Pomerdoge game.

The fourth phase for Pomerdoge will bring celebrations at the VIP holders’ Pomerdoge party. Also, the Pomerdoge merchandise website will go live, and the token will be listed on the top 3 CEXes.

The presale of Pomerdoge started recently and can be purchased at the official website for $0.009 at the time of writing.

Shiba Inu Follows As The Market Declines

Shiba Inu is showing bearish price action as profit-taking is causing the markets to turn red. Shiba Inu’s token is down nearly 13% in the last seven days. After the overall rally caused by a judge ruling that XRP is not a security, the market is now experiencing losses as investors take profit naturally. This means that the total crypto market capitalization is currently down over 2%.

Shiba Inu has followed the overall market, but it surpassed the key resistance level marked by the 50D SMA at $0.0000077, which brought more bullish traction. Now bulls eye the psychological mark of $0.000008, with the next resistance seen for Shiba Inu at $0.000009. The RSI indicator levels at around 65, which underlines the current picture for Shiba Inu.

Dogecoin Fails To Impress Investors

After the relatively impressive rally in May, Dogecoin seems to be losing investors, according to the numbers. Dogecoin’s metrics show that investors are shifting to other projects, and the market indicators show a decline in trading volume. The number of new Dogecoin Wallet addresses remains stagnant.

The Dogecoin market cap barely holds over $10 billion, and social volume indicators show a downward trend, with the social volume of Dogecoin being extremely low since the beginning of June 9.

With not much news on the development front, it seems that the hype around Dogecoin keeps diminishing and that Dogecoin will face certain challenges in the future if these fundamentals do not change.

At the time of writing, the price of Dogecoin is at $0.0672, down nearly 5%.

Find out more about the Pomerdoge (POMD) Presale Today

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