New investors are flooding the crypto space as crypto continues to garner massive adoption globally. In this article, we will be looking at three top altcoins in 2023 – Shiba Inu (SHIB), Ethereum (ETH), and Pomerdoge (POMD). While all three tokens have shown great potential in 2023, which of them is the best altcoin for new investors.
Shiba Inu (SHIB) Price Suffers After Shibarium Rug Pull
Shiba Inu’s price movements in 2023 have been mainly bearish given the situation with the broader cryptocurrency market. While investors depended on Shibarium’s launch to cause a price rally, things have taken a different turn.
On September 4th, the Shibarium ecosystem suffered a rug pull. Aegis3’s data noted that an unknown address minted more Shibarium tokens than the total supply. The unknown address later sold the Shiba Inu coin minted for about 393.2 BNB.
Significantly, Shibarium’a parent meme coin, the price suffered a major drop following the news. Currently, the price of Shiba Inu dropped to $0.00000767, losing the $0.00000800 and $0.00000780 support levels in the process.
What’s Next for Ethereum (ETH)?
The Ethereum coin price has lost all the gains it accrued after Grayscale’s court victory against the SEC. The bearish market has forced the price of Ethereum below key indicators including the 20, 50, 100, and 200-day daily moving averages.
As a result of the recent decline, the price of Ethereum has hit a low of $1,632. Meanwhile, exchange outflows for Ethereum have soared in the last few weeks. As per data from IntoTheBlock, over $380 million and $1.5 billion worth of Ethereum have left centralized exchanges in the past week and month, respectively.
Significantly, this surge in exchange outflows is commonly seen as a sign of bullish momentum. As a result, bulls might fight to regain the $1,700 level in the coming months.
Pomerdoge (POMD) Stage Two Presale on the Way
While Shiba Inu and Ethereum are battling bearish pressure, Pomerdoge (POMD) has emerged as the top altcoin for new investors in 2023. Pomerdoge has witnessed a substantial upsurge over the past two months. Within this period, the value of the token has surged from $0.007 to $0.0115.
Notably, Pomerdoge has successfully sold over 75% of its first-stage presale tokens. The project has managed to sell more than 211,969,570 tokens, amassing approximately $2.4 million in funding. Pomerdoge aims to merge the advantages of meme coins with the rapidly growing Play-to-Earn (P2E) sector within its ecosystem.
Furthermore, Pomerdoge’s aspirations extend to crafting a captivating and all-encompassing environment. The initiative includes the launch of Pomergame, an engaging game, and Pomerplace, a marketplace for NFTs and a battle arena.
Presently, the Pomerdoge token is in the initial stage of its presale, available for purchase at $0.0115. Interestingly, the Pomerdoge token boasts significant utility and benefits for its holders. It not only facilitates the trade of in-game items on Pomerplace but also allows gamers to generate passive income by staking their POMD tokens.
Find out more about the Pomerdoge (POMD) Presale Today:
Telegram Community: https://t.me/pomerdoge