What’s the Secret Behind Memecoins Dogecoin (DOGE) And Shiba Inu (SHIB) Massive Pumps? Will Pomerdoge (POMD) Surpass It?

Before Dogecoin (DOGE) and Shiba Inu (SHIB) entered their present state, they were once the doyen of many investors. Upon their launch, they underwent a massive boom that triggered the affection of many crypto investors towards them. Each of these tokens is appreciated by a massive 10,000%, turning the fortunes of many investors around. The question is, what are the reasons that catapulted Dogecoin and Shiba Inu to the summit of the crypto market? 

Concerning Pomerdoge (POMD), it also comes with a bang, promising mouthwatering 100x gains within days of individual investment. With this present state, is Pomerdoge on course to surpass what its predecessors delivered? In this article, you’ll get answers to the questions.

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Dogecoin (DOGE) – The Mighty Giant That Kickstart the Rise of Meme Coins

Dogecoin (DOGE) became the talk of the crypto market when it kickstarted the trends that shifted investors’ attention to the potential of meme coins. Launched in 2013 as a peer-to-peer open-source cryptocurrency, Dogecoin quickly gained a reputation, surging to $0.0005128 within days of launch before reaching its all-time high of $0.6904872 in May 2021.

Analysts opined that what might have necessitated the Dogecoin hype is its robust, lighthearted, and inclusive community and, most importantly, its adoption by several influencers, including the famous Elon Musk.

Since that initial hype, DOGE has plundered down the drain, with its current price trading at $0.07401, a 2.92% decrease in the past seven days. With its trading volume also dwindling by 2.92%, it remains to be seen if Dogecoin will push itself back into the reckoning.

Shiba Inu (SHIB) Continues to Fall as Investors Groan

Basking in the euphoria of the Dogecoin success, Shiba Inu (SHIB) joined the fray of the memecoin when it was launched in 2020. In May 2021, the coin underwent a bullish pump and climbed up to $0.00003043 for a short time before dipping back to $0.00000588 in July 2021 before climbing to an all-time high of $0.00006916 in November of the same year.

Analysts attributed the significant pump in Shiba Inu price to several factors, which are its endorsement by celebrities, particularly Elon Musk, the Twitter CEO, social media hype, speculative trading, and unique tokenomics.

With its current price trading at $0.000008558 and the trading volume appreciating by 30.6% in the last 24 hours, the likelihood of Shiba Inu surpassing its all-time high remains to be seen.

Can Pomerdoge (POMD) Surpass the Massive Pumps of Dogecoin and Shiba Inu?

Pomerdoge has caught the eyes of investors by climbing the ladder of the crypto market. This has led to analysts asking the question: can Pomerdoge surpass the gains of Dogecoin and Shiba Inu?

Recall Pomerdoge is a play-to-earn gaming platform that seeks to bring in-game connection between players. This multipurpose platform will also bring more dynamism to the gaming industry by crafting an immersive and satisfying experience for game lovers and crypto enthusiasts.

With its potential to skyrocket by 40x within days of investment, Pomerdoge might yet be on course to surpass the precedents set by Dogecoin and Shiba Inu.

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