Memecoins
Former Goldman Sachs Analyst Predicts Start of New Meme Cryptocurrency Cycle
The meme coin industry is going through a very exciting time right now, not only because of all the success it has seen in the first half of 2024, but also because of what’s in store next. According to former Goldman Sachs analyst Murad Mahmudov, the cryptocurrency industry is about to see the start of a new meme coin cycle, making joke coins the best assets to invest in right now.
A new cycle of meme coins is about to begin
In a recent post on X, Mahmudov shared a chart showing the price movements of major cryptocurrencies and meme coins recently, insisting that this shows that the meme coin cycle is about to begin.
https://x.com/MustStopMurad/status/1809608912766923086
Mahmudov has made some major predictions before, and while not all of them have come true, the latest one may well come true, especially since recent market performance seems to confirm it.
He had previously stated that cryptocurrency investors should stick exclusively to meme currencies. Many considered this to be an exaggeration, as assets like Bitcoin, Ethereum, Solana, and other major players are more than likely to see significant gains.
However, with the meme coin sector still far from its peak, it is likely that they could outperform the top-ranked cryptos.
SHIB and PLAY are the best options
So far, some of the most spectacular gains in the meme coin sector have been focused on Shiba Inu, which has seen a surge of around 15% in the past week. This is a refreshing development after the token’s 32% drop in June.
JOIN THE GAME’S PRESALE BEFORE ITS PRICE EXPLODES
However, even though SHIB is still far from fully recovering to the levels seen earlier this year, there is no denying that it has gained momentum. That is why experts seem to be taking an interest in it and why now is a good time to invest in this asset.
However, there is another highly anticipated meme coin that deserves the attention of the current market, and that is PlayDoge (PLAY)Although it’s a new meme coin that’s currently still in pre-sale, PlayDoge has garnered massive interest due to its upcoming game.
The game is inspired by the Tamagotchi, a popular toy that took over the world in the 90s and ended up in most homes. It was a small device that allowed the user to own their own virtual pet, which they could feed, play with and train to keep it healthy and happy.
PlayDoge’s app will offer the same thing, but it has also added the P2E model to the mix, rewarding users who engage with it with PLAY tokens. Anticipation has been building for weeks now, and the project’s ICO has raised over $5.7 million as of July 16 while selling PLAY for just $0.00519.
BUY AND PLAY WITH ETH, USDT, BNB OR CREDIT/DEBIT CARD
Considering the demand and expected gains for the meme coin sector as a whole, jumping into this presale now definitely seems like a good move, as PLAY is likely to explode more than any other meme coin once the next rally hits.