Ethereum’s migration into Proof-of-Stake (PoS) saw the network’s energy requirement drop by 99.99%. The latest project to consider going down this route is the leading meme coin, Dogecoin (DOGE). But what is the community saying about the transition? Additionally, we will explore the predictions surrounding Pomerdoge and its anticipated surge in the cryptocurrency market.
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Dogecoin Community Poll on Transition To Proof of Stake
Created as a joke on Bitcoin, Dogecoin (DOGE) launched in 2013 as the original meme coin. While some changes were made to make Dogecoin more efficient for transactions, it retains the consensus algorithm of Bitcoin – Proof of Work (PoW).
For years, there has been a debate in the Dogecoin community over the feasibility of a migration into Proof of Stake (PoS). Now, the issue has returned, with the DOGE community asked to take a poll on their preferred consensus algorithm.
In the poll conducted by Marshall Hayner — Co-Founder & CEO of blockchain platform Metallicus, 60.1% of the community voted in favor of remaining on the current PoW consensus. However, a core developer has said that the Dogecoin Foundation has a PoS transition on its roadmap. This means that DOGE could become stakeable after the transition.
In terms of market performance, the Dogecoin price is moving steadily into bullish territory. If it continues building momentum, the price of Dogecoin could rally above the $0.07000 resistance. However, market experts have predicted that DOGE could top $0.1 this year.
Pomerdoge (POMD) Accumulation Spikes Ahead of Massive Rally
Pomerdoge (POMD) is another meme coin that has caught the attention of investors recently. However, unlike most meme coins, Pomerdoge has utility as it is building a unique play-to-earn gaming ecosystem. In addition, the new play-to-earn token offers even higher returns than DOGE.
The new project blends the already well-known meme coin sector with the rapidly expanding P2E sector. The idea is to build an immersive gaming ecosystem in which gamers are rewarded for both their achievements and their efforts.
The game is centered around unique avatars known as Pomerdoges. Gamers will create their unique Pomerdoges avatars inspired by meme coins. They will be able to personalize and upgrade their Pomerdoges in order to improve their chances of winning tournaments. Pomerdoge will also allow gamers to interact with one another outside of the tournament arena.
A Pomerplace – a non-fungible token marketplace – will also be part of the ecosystem. Skins, in-game goods, and other valuable assets will be available for exchange here. POMD is one of the most popular tokens remaining in presale due to the combination of meme coins and entertainment.
With more utility and potentially more returns, Pomerdoeg has piqued the interest of many investors who are now stocking the POMD tokens. Now trading at a fair price of $0.009 per token, POMD has been projected to rally to $0.1 before the end of the year.
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Telegram Community: https://t.me/pomerdoge