Analyst Believes Meme Coin Supercycle is Still in Play with Doge Hitting $2 in 2024 – PlayDoge Nears $6M

cryptonews.com:

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.

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…