The cryptocurrency market is presenting difficulties for certain coins, with both Pepe (PEPE) and Shiba Inu (SHIB) currently experiencing a sustained bearish trend. As market sentiment remains pessimistic for these coins, investors are displaying a limited tolerance for the downward movement and are promptly shifting their attention towards more appealing cryptocurrencies like Pomerdoge (POMD).
Investor Interest Fades as The Pepe (PEPE) Price Declines
The value of Pepe (PEPE) has recently encountered a bearish market position, facing strong resistance at $0.000001257. The latest analysis indicates a downward Pepe (PEPE) price trend, primarily attributed to selling pressure. Pepe (PEPE) experienced a slight 1% decline, dropping from $0.000001571 to its current value of $0.000001558.
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Despite initially starting the day with bullish momentum, the Pepe (PEPE) price quickly succumbed to downward pressure from sellers, coinciding with a decrease in trading volume.
Over the past 24 hours, the trading volume for Pepe (PEPE) amounted to $121 million, indicating a 45% decrease compared to the previous day's volume. This significant drop in trading activity reflects the waning interest of investors in the Pepe (PEPE) coin as they shift their focus toward other, more promising cryptocurrencies.
Interestingly, amidst these market movements, a Pepe (PEPE) holder who successfully turned a $250 investment into an impressive $4 million has made a strategic decision to participate in the Pomerdoge (POMD) presale.
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Pomerdoge (POMD) Attracts the Interest of Investors Looking for Gains
Considering the challenges Pepe (PEPE) is facing, many investors are exploring alternative opportunities, such as Pomerdoge's (POMD) presale.
Pomerdoge (POMD) is an eagerly anticipated new play-to-earn (P2E) game that promises endless hours of fun and excellent gains. Pomerdoge (POMD) aims to combine the positive aspects of popular competitors to establish a leading position in the meme-coin market.
Pomerdoge (POMD) has already undergone audits by SOLIDProof and Interfi Network and is set to launch in September. Pomerdoge (POMD) presale investors will enjoy exclusive access to a collection of 7,777 NFTs and a revenue share from the Pomergame earnings.
Pomerdoge (POMD) offers an exciting investment prospect with a low presale price of just $0.0035. Early investors in Pomerdoge (POMD) have the potential to achieve remarkable gains, with projections of a 4,000% increase by the end of the year.
Additionally, the Pomerdoge (POMD) presale phase features weekly giveaways worth $100,000 and a mega POMD prize of $50,000.
Shiba Inu’s (SHIB) Price Continues Bearish Trend, Investors Shift Focus
The Shiba Inu (SHIB) price has persistently faced a bearish trend, trading within a descending parallel channel. Over the past week, the price of Shiba Inu (SHIB) has experienced a decline as bears exerted their strength, pushing the price lower.
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Last Sunday morning, Shiba Inu (SHIB) was trading at $0.000007297 and dropped by 4.5% in just seven days. The Shiba Inu (SHIB) token is also displaying a decrease in trading volumes by 40%. With no strong bullish movement observed, it appears that the bears will have the upper hand in closing the week for Shiba Inu (SHIB).
Since Shiba Inu (SHIB) price is persistently following a descending trend, investors who were once interested in the Shiba Inu (SHIB) coin have become more cautious and are exploring other more promising alternative coins.
For more information about the Pomerdoge (POMD) presale:
