Experts Predict Incoming DOGE Rally – Will It Be Outperformed by This New P2E Meme Coin at Launch?

The top meme coin, Dogecoin, is down today, yet some experts remain optimistic about its potential to rise in the coming weeks.

Recent news and updates suggest that this token could rise again, and potentially deliver gains of 2x to 10x for investors who buy and hold it.

Today, we will discuss the current state of Dogecoin, its recent performance, and some exciting updates that could signal significant gains for investors.

This article also tells about the latest play-to-earn meme coin, PlaydozHopefully it will be a blast when it is launched and will perform better than others.

Dogecoin’s real-world utility and community support

Dogecoin’s goal is not to become the largest cryptocurrency in terms of profit, but to act as a practical digital currency. This information comes directly from their official X account, which has 3.9 million followers.

While many cryptocurrency projects prioritize profit, Dogecoin’s focus remains on providing a direct means of exchange for everyday transactions. We’re seeing some crypto initiatives that are leveraging Dogecoin to facilitate $5 billion in global aid, which is a remarkable feat.

For example, buying Dogecoin on Coinbase, which offers lower transfer fees than other cryptocurrencies or stablecoins, supports global humanitarian efforts, and solidifies Dogecoin’s role as a utility coin in the real world.

Recently, DogeDesigner tweeted about Elon Musk’s liking for Dogecoin, attributing it to its humor and fascination with dogs. Whether this tweet is recent or not, the main thing is that Elon Musk has enthusiastically supported the project.

If Elon decides to tweet, meme or promote Dogecoin, it could lead to a significant surge. This year, influencers such as Elon Musk and Andrew Tate have significantly influenced the prices of various coins, highlighting the potential impact of Elon’s involvement on the value of Dogecoin.

Elon Musk’s involvement could potentially ignite another rally, pushing Dogecoin to new all-time highs, possibly reaching $1.

Dogecoin Price Forecast

Dogecoin’s current performance is mixed: it is up 2% in the last hour and 0.50% in the last 24 hours, but it is down 8.24% over the week, with a market cap of $15.8 billion. In comparison, Shiba Inu, another popular meme coin, has a market cap of $9.7 billion.

This begs the question: can Shiba Inu overtake Dogecoin, or will Dogecoin maintain its lead and potentially achieve new all-time highs?

With a market cap of $15.8 billion, Dogecoin ranks among the top 9 cryptocurrencies. Despite the recent volatility, its long-term chart indicates that it is close to pre-bull run prices.

Dogecoin price graph

Over the past month, Dogecoin has seen a steady decline, although historical data shows that prices were close to $0.07 before the bull run. It is currently priced at $0.10, which shows an increase of $0.03 from its pre-bull run price.

This suggests that it has latent value, with a potential for a 2x return if bought at $0.10 and raised to $0.20. If it surpasses its all-time high of $0.7376, an 8x increase may be possible.

However, Dogecoin remains a long-term investment, different from being a flashy meme coin. Currently, the technical indicators for Dogecoin are neutral, with the moving averages indicating a strong sell-off.

Despite this, the ongoing news continues to generate interest, keeping Dogecoin in the spotlight. It is currently testing important levels and showing bullish divergence, indicating a possible rebound.

This analysis does not take into account factors such as Elon Musk’s influence or Dogecoin’s practical applications, which could boost future gains. With its substantial online presence and real-world utility efforts, Dogecoin appears poised for significant growth.

Whether bullish or bearish, Dogecoin remains a meme token with a lot of potential.

Optional Dogecoin with play-to-earn features

Playdog (PLAY) combines the popular play-to-earn (P2E) model with dog memes, and traders are curious whether its price will surge once its pre-sale ends.

PlayDoge has already raised over $5.5 million in its presale. Investors can buy $PLAY tokens at $0.00517 per token, but they need to act quickly – the price goes up again in less than 24 hours. Presale buyers can use ETH, USDT, BNB, or credit/debit cards to make the purchase.

The key to PlayDoge’s success lies in its upcoming play-to-earn crypto game, inspired by the 1990s hit Tamagotchi. In PlayDoge, players earn $PLAY tokens by nurturing a virtual dog companion. They can use these tokens for in-game upgrades to take better care of their pet and earn even more $PLAY.

PlayDoge also expands gameplay, allowing players to take their dog companions on 20 side adventures reminiscent of classic video games like Super Mario Bros. The more achievements players achieve with their dog, the more $PLAY tokens they earn.

These tokens are not just virtual; they have real use in the game, allowing players to purchase treats for their pets or stake them for additional rewards. Speaking of staking, the project offers rewards with a current APY of 89%, but this rate will drop as more people stake their tokens.

Launching on iOS and Android, PlayDoge aims to reach a vast global audience, potentially connecting crypto gaming with mainstream users. Despite the current market turmoil affecting the meme coin, PlayDoge has remained resolute.

PlayDoge plans to continue growing in the crypto world with its unique approach, staking options, and soon-to-be-launched mobile game. By combining old-fashioned fun with crypto rewards, PlayDoge aims to succeed and stand strong in the ever-changing crypto market.

To participate in the $PLAY token pre-sale, visit here playdoge.io,