Meta Title: Top Dog-themed Meme Coins on Bullish Trend: Dogecoin (DOGE), Shiba Inu (SHIB), and Pomerdoge (POMD) – Can They Reach $1?”
Meta Description: The top dogs in the meme coin market – Dogecoin (DOGE), Shiba Inu (SHIB), and Pomerdoge (POMD) are on a bullish trend. How soon can their prices hit the $1 mark?
Dog-themed meme coins like Shiba Inu (SHIB), Dogecoin (DOGE), and Pomerdoge (POMD) are among the most popular cryptos today. Unlike most of the crypto market, these dog-themed meme coins are now in bullish territory. So, what are the chances that Shiba Inu, Dogecoin, and Pomerdoge will hit $1?
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Can Dogecoin (DOGE) Sustain a Rally To $1?
Dogecoin (DOGE) is the first meme coin and has enjoyed massive success as a result. Recently, the price of Dogecoin spiked by 10% after its link with X, formerly Twitter. As part of the rebrand, Elon Musk incorporated the Dogecoin symbol into the new log of X.
The price of Dogecoin rallied to as high as $0.085 as a result. However, Dogecoin currently trades at $0.07667, losing the $0.080 support level. Of all the doge-themed meme coins, the price of Dogecoin (DOGE) is the closest to $1.
However, for a rally of 1,200% to take the price of Dogecoin to $1, the meme coin would need to add utility. With no utility in sight for the original meme coin, Dogecoin would rely on the broader crypto market to rally. Many crypto analysts believe this could happen before 2030.
Shiba Inu (SHIB) Prepares for Shibarium Mainnet Launch
The biggest competitor of Dogecoin, Shiba Inu (SHIB) is preparing for a massive event. In August, Shiba Inu will launch Shibarium – a layer 2 network built on Ethereum. The launch of Shibarium will reduce transaction costs and increase the performance of the Shiba ecosystem.
This means that a rally is on the horizon for Shiba Inu. However, Shiba Inu now trades at $0.000007796 and would need to rally by more than 12,800,000% to hit the $1 milestone. This means a spike to $1 in 2023 is highly unlikely for Shiba Inu.
A major factor that affects the price of Shiba Inu is its token distribution, with more than 589 trillion SHIB tokens currently in circulation. Analysts have predicted that its price could get to $1 only if the number of SHIB tokens reduces by 90-95%.
Pomerdoge (POMD) To $1 in 2023?
The new project, Pomerdoge (POMD) has captured the interest of investors because it holds several advantages over other meme coins. First, Pomerdoge has utility. The project is building an extensive P2E ecosystem consisting of the Pomergame, the Pomerplace (an NFT marketplace), and NFT collections.
In addition, the tokenomics of Pomerdoge supports scarcity which would lead to a price rise. Unlike Shiba Inu with over 589 trillion tokens, there are only 1.7 billion Pomerdoge (POMD) tokens. Experts believe the limited supply of POMD will help its price perform better than SHIB and DOGE.
The projections for Pomerdoge have seen its presale sell out faster than was initially predicted. Set to launch in September, Pomerdoge could be the first meme coin to reach the $1 milestone. Now in the first stage of its token presale, you can buy POMD tokens at $0.007.
Find out more about the Pomerdoge (POMD) Presale Today
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge