Analyst Says Meme Coin Supercycle Is Still In Play, Sees Doge Hitting $2 in 2024 – PlayDoge Closes On $6M

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PlayDoge ($PLAY), now nearing $6 million in presale funds raised, exhibits that the present market downturn is only a minor blip on this yr’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 sport Tamagotchi. As soon as it’s reside, the sport allows you to personal a “Doge” in your pockets and work together together with your digital Shiba Inu pet in your cell machine.

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 profit from this pattern, because of its expanded play-to-earn (P2E) utility, which supplies it extra to supply than the common meme coin. Thus, it has rapidly 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 value of $0.00526, however it is going to improve to $0.00527 as the present presale stage wraps up in beneath 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) may 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 value pumps that usually happen eight to 9 months submit Bitcoin ($BTC) halvings.

For instance, Dogecoin surged almost 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 Might 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 yr? It had one run that pumped ~6000% from the lows and one other that pumped greater than 30,000%.

The… pic.twitter.com/523tqCMBdC

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

Presently, Dogecoin is once more in sideways mode, and with simply three months post-halving, the value pump for $DOGE may happen between December to February of subsequent yr.

This sample aligns with Bitcoin’s value improve prior to now two halving cases, the place important value positive aspects 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 value 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 may skyrocket as soon as it hits a serious alternate as extra buyers get their fingers on it.

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

PlayDoge Is The Prime Meme Coin With P2E Performance

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

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

Prime pet house owners who climb the leaderboard will snag much more $PLAY tokens.

That is why PlayDoge is not only one other Shiba Inu-themed coin; it’s an entire lot of enjoyable and rewards rolled into one. No marvel YouTuber ClayBro is buzzing about it as the following large meme coin: