{"id":561636,"date":"2024-08-06T17:02:12","date_gmt":"2024-08-06T17:02:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=561636"},"modified":"2024-08-06T17:02:12","modified_gmt":"2024-08-06T17:02:12","slug":"analyst-says-meme-coin-supercycle-is-still-in-play-sees-doge-hitting-2-in-2024-playdoge-closes-on-6m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/analyst-says-meme-coin-supercycle-is-still-in-play-sees-doge-hitting-2-in-2024-playdoge-closes-on-6m","title":{"rendered":"Analyst Says Meme Coin Supercycle Is Still In Play, Sees Doge Hitting $2 in 2024 \u2013 PlayDoge Closes On $6M"},"content":{"rendered":"

PlayDoge ($PLAY)<\/a>, 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.<\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n\r\n\r\n\r\n

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

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.<\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n\r\n\r\n\r\n

Dogecoin Pumps Come 8 To 9 Months After Each BTC Halving, And PlayDoge Can Replicate That<\/h2>\r\n\r\n\r\n\r\n

Analyst and LedgArt co-founder Kaleo shared on X that Dogecoin ($DOGE) could reach $1 to $2 in the coming months.<\/p>\r\n\r\n\r\n\r\n

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. <\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n

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$DOGE<\/a> \/ #Dogecoin<\/a>

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<\/a><\/p>— K A L E O (@CryptoKaleo) June 25, 2024<\/a><\/blockquote>