Meme coins are surging again, and that has traders trying to decide whether now is the best time to buy. Meme coins are famously volatile, so it’s difficult to know if the current price gains represent a temporary pump or whether the market is reversing from its deep slide in June and early July.
According to former Goldman Sachs analyst Murad Mahmudov, it’s time to jump in. Mahmudov predicted a new meme coin cycle starting in mid-July, meaning that the current price gains are just the beginning of an avalanche of profits for meme coin token holders.
Mahmudov has made bold predictions before—he predicted earlier this spring that Pepe would flip Shiba Inu and Dogecoin to become the largest overall meme coin by market cap. While not all of his predictions have come true, the market is providing evidence for his latest prediction.
Meme coins across the market have added $5 billion in value in the past week, with the biggest gains coming from Shiba Inu (14%), Floki Inu (22%), and Mog Coin (67%).
The question for traders now is what are the best meme coins to buy to find the biggest gains—and experts have two recommendations.
Shiba Inu Posts 15% Gain, Poised to Reclaim Spring Highs
The most dramatic gains in the meme coin market have been centered on Shiba Inu, which posted a 15% gain in the last 7 days of trading. It’s a remarkable reversal in fortune for the world’s 2nd-largest meme coin, which saw its price drop more than 32% in June.
While the current gains haven’t yet carried $SHIB back to the $0.000025 price level it traded at for much of the spring, the token is trading with a lot of momentum. Trading volume is up to $295 million, from just over $200 million when the rally began. Buying activity around $SHIB is also up dramatically, signaling that investors are piling into this meme coin rather than cashing out gains.
Experts are broadly bullish on Shiba Inu as well. Crypto analyst ClayBro recommended buying $SHIB after seeing buying activity in $SHIB surge 180% ahead of the rally, making him one of the few analysts to predict this week’s gains.
Crypto analyst Javon Marks has been the most bullish voice on Shiba Inu, announcing a price target of $0.000081—a 350% gain from today’s $SHIB price. Marks’ prediction represents a near-return to Shiba Inu’s all-time high of $0.00008845, which it reached in the meme coin frenzy of 2021.
Other analysts making bullish predictions have set even higher targets, arguing that Shiba Inu’s development since 2021 could enable the token to break new ground in its price. Analyst Armando Pantoja predicted that $SHIB could explode upwards to $0.001, while analyst Ali Martinez has predicted a move up to $0.01. Both of these predictions would involve a massive reshuffling of the crypto market around $SHIB, which would become a peer of Bitcoin and Ethereum.
PlayDoge Presale Raises $5.6m as Analysts Predict 10x Gains
The other meme coin that analysts are eyeing right now is PlayDoge, a new play-to-earn gaming token and meme coin that’s raised more than $5.6 million in its ongoing presale.
PlayDoge is building a companion pet game modeled on the 1990s-era hit Tamagotchi, which sold more than 82 million devices at its peak. PlayDoge will be available on iOS and Android devices, so it could potentially reach hundreds of millions of players.
In the game, players can earn $PLAY tokens by caring for a virtual doge companion and taking their doge on video game-inspired side adventures. $PLAY tokens can be redeemed for in-game upgrades, giving players even more opportunities to earn $PLAY.
Only players who hold $PLAY qualify for play-to-earn rewards, which has created immense demand for $PLAY tokens during the project’s presale. The game’s potential popularity has also made PlayDoge a darling among meme coin analysts, who can’t seem to stop heaping praise on the project.
For example, crypto analyst Jacob ‘Crypto’ Bury has called PlayDoge the next meme coin to 10x. ClayBro, the same analyst who spotted Shiba Inu’s bullish move before it happened, has told his followers that PlayDoge could be the next explosive play-to-earn gaming token.
Other analysts with bullish predictions for PlayDoge include Matthew Perry, Oscar Ramos, and Crypto Mischief. The token has also been featured in industry outlets like Brave New Coin, 99Bitcoins, and more.
All of these analysts are saying the same thing—this is a new meme coin investors won’t want to miss. Only a few days remain before the next $PLAY presale price increase, so don’t miss this chance to lock in the lowest price today.
Visit PlayDoge Presale
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