Analyst Says Meme Coin Supercycle Is Still In Play, Sees Doge Hitting $2 in 2024

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PlayDoge ($PLAY), now nearing $6 million in presale funds raised, reveals that the present market downturn is only a minor blip on this 12 months’s bull rally.

This new meme coin continues to appeal the crypto world, particularly with the upcoming launch of its crypto-revamped model of the traditional 90s recreation Tamagotchi. As soon as it’s stay, the sport enables you to personal a “Doge” in your pockets and work together along with your digital Shiba Inu pet in your cellular system.

A widely known analyst predicts PlayDoge’s predecessor, Dogecoin ($DOGE), will hit $2 because the meme coin supercycle stays in play.

And PlayDoge is ready to learn from this pattern, due to its expanded play-to-earn (P2E) utility, which supplies it extra to supply than the typical meme coin. Thus, it has shortly turn out to be the brand new Shiba Inu on the block that everybody’s watching.

The $PLAY token is being provided to early buyers at its presale worth of $0.00526, however it would improve to $0.00527 as the present presale stage wraps up in below 24 hours.

Dogecoin Pumps Come 8 To 9 Months After Every BTC Halving, And PlayDoge Can Replicate That

Analyst and LedgArt co-founder Kaleo shared on X that Dogecoin ($DOGE) might attain $1 to $2 within the coming months.

Kaleo notes that Dogecoin tends to commerce sideways for almost all of the time, however undergoes huge worth pumps that usually happen eight to 9 months publish Bitcoin ($BTC) halvings.

For instance, Dogecoin surged practically 6,000% in early 2017 after the Bitcoin halving on July 9, 2016, and rose over 30,000% in 2021 following the Bitcoin halving on Could 11, 2020.

$DOGE / #Dogecoin

For these of you who say DOGE is boring – for essentially the most half, you are proper.

It is spent ~9.5 years of its existence trending sideways or down. The opposite 1 12 months? It had one run that pumped ~6000% from the lows and one other that pumped greater than 30,000%.

The… pic.twitter.com/523tqCMBdC

— Ok A L E O (@CryptoKaleo) June 25, 2024

At present, Dogecoin is once more in sideways mode, and with simply three months post-halving, the worth pump for $DOGE might happen between December to February of subsequent 12 months.

This sample aligns with Bitcoin’s worth improve prior to now two halving situations, the place vital worth features began after about 250 days.

In 2020, Bitcoin rose by 320.9% 250 days after the halving, in comparison with simply 26.8% after 150 days, and continued to extend by 492% after 300 days.

Equally, in 2016, Bitcoin’s worth elevated by 78.7% 250 days after the halving, versus 15.5% within the first 150 days and 135.9% after 300 days.

Supply: Historical past Says This Is What Occurs After Bitcoin Halving | Nasdaq

It looks as if the market’s present gloom is perhaps a short-lived scare, with crypto curiosity nonetheless going robust.

For a brand new meme coin like PlayDoge, which is about to hit $6 million very quickly, its present worth might skyrocket as soon as it hits a significant alternate as extra buyers get their arms on it.

Being a BSC-based token, it has already caught the attention of the Binance itemizing group, so it wouldn’t be stunning if it will get listed on Binance and its worth pumps alongside $DOGE within the subsequent 5 to 6 months.

PlayDoge Is The High Meme Coin With P2E Performance

PlayDoge combines memetic vibes with P2E parts by means of its ultra-cute Shiba Inu mascot and a crypto-fied Tamagotchi-style recreation.

Gamers handle their digital Shiba Inu pets by feeding and coaching them on their cellular gadgets and earn $PLAY tokens, which supply each in-game and broader market utility.

High pet homeowners who climb the leaderboard will snag much more $PLAY tokens.

Because of this PlayDoge isn’t just one other Shiba Inu-themed coin; it’s a complete lot of enjoyable and rewards rolled into one. No surprise YouTuber ClayBro is buzzing about it as the subsequent huge meme coin: