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

On Aug 6, 2024

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PlayDoge ($PLAY), now nearing $6 million in presale funds raised, shows that the current market downturn is just a minor blip in this year’s bull rally.

This new meme coin continues to charm the crypto world, especially with the upcoming launch of its crypto-revamped version of the classic 90s game Tamagotchi. Once it’s live, the game lets you own a “Doge” in your wallet and interact with your virtual Shiba Inu pet on your mobile device.

A well-known analyst predicts PlayDoge’s predecessor, Dogecoin ($DOGE), will hit $2 as the meme coin supercycle remains in play.

And PlayDoge is set to benefit from this trend, thanks to its expanded play-to-earn (P2E) utility, which gives it more to offer than the average meme coin. Thus, it has quickly become the new Shiba Inu on the block that everyone’s watching.

The $PLAY token is being offered to early investors at its presale price of $0.00526, but it will increase to $0.00527 as the current presale stage wraps up in under 24 hours.

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

Analyst and LedgArt co-founder Kaleo shared on X that Dogecoin ($DOGE) could reach $1 to $2 in the coming months.

Kaleo notes that Dogecoin tends to trade sideways for the majority of the time, but undergoes massive price pumps that typically occur eight to nine months post Bitcoin ($BTC) halvings.

For example, Dogecoin surged nearly 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 May 11, 2020.

$DOGE / #Dogecoin
For those of you who say DOGE is boring – for the most part, you’re right.
It’s spent ~9.5 years of its existence trending sideways or down. The other 1 year? It had one run that pumped ~6000% from the lows and another that pumped more than 30,000%.
The… pic.twitter.com/523tqCMBdC
— K A L E O (@CryptoKaleo) June 25, 2024

Currently, Dogecoin is again in sideways mode, and with just three months post-halving, the price pump for $DOGE could take place between December to February of next year.

This pattern aligns with Bitcoin’s price increase in the past two halving instances, where significant price gains started after about 250 days.

In 2020, Bitcoin rose by 320.9% 250 days after the halving, compared to just 26.8% after 150 days, and continued to increase by 492% after 300 days.

Similarly, in 2016, Bitcoin’s price increased by 78.7% 250 days after the halving, versus 15.5% in the first 150 days and 135.9% after 300 days.

Source: History Says This Is What Happens After Bitcoin Halving | Nasdaq

It seems like the market’s current gloom might be a short-lived scare, with crypto interest still going strong.

For a new meme coin like PlayDoge, which is about to hit $6 million in no time, its current value could skyrocket once it hits a major exchange as more investors get their hands on it.

Being a BSC-based token, it has already caught the eye of the Binance listing team, so it wouldn’t be surprising if it gets listed on Binance and its value pumps alongside $DOGE in the next five to six months.

PlayDoge Is The Top Meme Coin With P2E Functionality

PlayDoge combines memetic vibes with P2E elements through its ultra-cute Shiba Inu mascot and a crypto-fied Tamagotchi-style game.

Players take care of their virtual Shiba Inu pets by feeding and training them on their mobile devices and earn $PLAY tokens, which offer both in-game and broader market utility.

Top pet owners who climb the leaderboard will snag even more $PLAY tokens.

This is why PlayDoge is not just another Shiba Inu-themed coin; it’s a whole lot of fun and rewards rolled into one. No wonder YouTuber ClayBro is buzzing about it as the next big meme coin:

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