The cryptocurrency market has been on the decline, with the price of BNB (BNB) sliding lower. However, amidst the declining prices in the crypto market, Shiba Inu (SHIB) and Pomerdoge (POMD) have stood out with significant developments. While Shiba Inu’s Shibarium reaches new highs, Pomerdoge has shown resistance to the bear market.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Shiba Inu (SHIB) Gets Important Shibarium Update
Shibarium, the layer 2 network of Shiba Inu finally launched in mid-August sending ecstasy through the community. However, Lucie, a Shiba Inu content marketer, has announced a major Shibarium update.
According to Lucie, part of the goal of Shibarium is to intensify the Shiba Inu burn. By reducing transaction fees, the Shibarium allowed users to burn more than 5 billion SHIB tokens in August. The token supply (579 trillion) has been a major reason for the low price of the Shiba Inu coin.
By intensifying the burn, Shibarium seeks to reduce the tokens in supply and increase the Shiba Inu price. Trading at the $0.000007690 level, the price of Shiba Inu has multiple resistance levels ($0.00000800 and $0.00001000) to break before resuming a bull market.
BNB Celebrates Third Anniversary, Price Continues To Decline
BNB Chain, the blockchain network on which the BNB coin is built, is celebrating its third anniversary. As part of the event, the BNB Chain is launching an exclusive 3YA NFT and several challenges to appreciate the community.
Despite the ongoing event, the BNB price has remained bearish – like much of the crypto market. The BNB token has been on a decline since May after being embroiled in several regulatory lawsuits from the U.S. Securities and Exchange Commission.
Although the BNB token has been bearish, the $200 support level has held strong. Bouncing off this level, the price of the altcoin rallied to $216. This level is important for BNB as losing this support could see the price of the token decline towards $180 or as low as $150.
Pomerdoge (POMD) Shines in Bearish Market Attracting Investors
Amidst the bearish trend in the crypto market, Pomerdoge (POMD) has been experiencing a lot of investor activity of late. The increase in investors joining Pomerdoge is a result of its bullish performance, with the price of the token rising from $0.007 to $0.0115 during the bear market.
This bullish performance has triggered crypto investors, who have bought more than 212 million POMD tokens in the last few weeks. Pomerdoge has raised this much attention as the first meme coin to build an active blockchain gaming ecosystem.
The Pomerdoge ecosystem will feature a P2E game (Pomergame), NFT collections, and a marketplace (the Pomerplace). Gamers and investors alike will be treated to great rewards for participating in the Poemrgame and other competitions in the ecosystem.
As a meme coin boasting utility, Pomerdoge has been crowned by many analysts as the meme coin of 2023. As a result, they have predicted that POMD could soar from its current price of $0.0115 to as high as $0.15 before the year ends. At its current price, Pomerdoge is considered a great buy.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
