The crypto market is preparing for another rally and investors are looking for the most promising prospects. Dogecoin (DOGE), Shiba Inu (SHIB), and Pomerdoge (POMD) are considered top contenders for the leaders of the bull market. However, which of these three leading meme coins do market analysts favor to yield the most returns?
Dogecoin (DOGE) Price Outlook
The top meme coin, Dogecoin (DOGE) was one of the top gainers last week following links to X, rebranded from Twitter. The Dogecoin community still holds out hope over DOGE being integrated as the payment option into X.
The rumors sparked a 14% price spike for Dogecoin and crypto experts believe more could come soon. The rally sent the price of DOGE as high as $0.0825. However, the bullish momentum has cooled off, and DOGE now trades at $0.07918.
Crypto trader, Kaleo, has predicted that if DOGE gets integrated into X, the coin could rally. The trader predicts that the price of DOGE will eventually reclaim the $0.10 level. This prediction represents a 30% price increase from its current price.
How High Can Shiba Inu (SHIB) Go After Shibarium Launch?
The highly-anticipated layer-2 network launch for Shiba Inu, Shibarium, is only two weeks away. As a result, Shiba Inu investors are bullish, predicting another rally. Anticipating the launch, Shiba Inu sharks and dolphins have been amassing SHIB tokens. But how high can SHIB go?
Shiba Inu currently trades at $0.000008393, gaining 10% over the last month. Positive sentiments for SHIB are at a high as traders anticipate a rally in the next two weeks. A 20% price rally has been predicted for SHIB to reclaim the $0.0000100 resistance.
On-chain metrics from QuantCrypto support a long-term bull run for Shiba Inu if the launch of its layer-2 network is successful. In addition, it would help Shiba Inu slowly shed its meme coin tag and could be bullish for the token.
Analysts Predict Pomerdoge (POMD) Will Dominate P2E
Pomerdoge (POMD) is a new project that combines the play-to-earn (P2E) sector with the Doge theme of meme coins. This new P2E game offers thrilling gameplay with unique avatars known as Pomerdoges, along with the chance to earn while gaming.
The Pomerdoge ecosystem also includes NFTs, a social infrastructure where gamers can interact and enter competitions. In addition, gamers and investors also have a chance to win massive prizes of up to $100,000 through various contests and giveaways.
The massive opportunities Pomerdoge presents have amplified the excitement surrounding this new P2E game. Crypto experts have predicted that the hype could help Pomerdoge become one of the foremost leaders in the P2E space this year.
Powering the Pomerdoge ecosystem is the POMD utility token. Top analysts have predicted that POMD is a top contender for substantial gains in this year's bull market. Now trading at an attractive $0.007, the token has been forecasted to rise by more than 4,000% before the end of the year.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Florida Times Daily journalist was involved in the writing and production of this article.