The meme coin sector has exploded in popularity in recent years, led by now-household names like Shiba Inu (SHIB) and Dogecoin (DOGE). However, a new contender called Pomerdoge (POMD) aims to disrupt the status quo and challenge the dominance of these entrenched meme coins.
Shiba Inu, renowned for its volatility, showed modest 1.46% gains overnight, potentially indicating renewed interest among traders. Speculation around the imminent launch of the Layer-2 scaling solution Shibarium may be driving this uptick. However, SHIB has failed to see significant price hikes lately, currently trading around $0.000009895 with a $5.8 billion market cap. Meanwhile, SHIB trading volume has plunged 21.26% to $328 million over 24 hours.
Similarly, Dogecoin, the original meme coin, has trended downward recently. DOGE dropped 4.1% over the past 14 days, despite Elon Musk stating that Twitter would not launch a crypto token, sparking hopes that DOGE may be used for payments on the platform. DOGE last traded at $0.07565 with a $10.6 billion market cap, dipping 0.5% overnight.
This lackluster performance from establishment meme coins has opened the door for upstarts like Pomerdoge. Beyond relying solely on memes, POMD incorporates play-to-earn gaming, allowing players to earn rewards in POMD tokens. Analysts speculate POMD could pose a real threat to SHIB and DOGE thanks to its comparatively tiny $8 million market cap, which can surge rapidly with less new investment.
POMD is priced at $0.008 in its presale Phase One, offering early adopters access to an exclusive 7,777 NFT collection and weekly giveaways totaling $150,000. With forecasts of a 30x price explosion before presale completion, analysts say now is the optimal time to invest in this potentially game-changing meme coin.
