Cryptocurrency
PlayDoge ICO Ends in Under 24 Hours – Could PLAY Explode After Exchange Listing?
The PlayDoge presale is in its final hours – and the crypto world is buzzing.
With over $6.3 million already raised and just a day left, everyone’s wondering whether PlayDoge’s (PLAY) price could explode once it finally hits the open market.
The countdown is officially on.
PlayDoge Presale Enters Final Day After Raising $6.3M
PlayDoge’s presale has been wild since it kicked off on May 28.
The project has raised $6.3 million in just three months – not bad for a new meme coin.
But the party is almost over.
Tomorrow at 10am UTC, the presale will end.
For the investors who have been putting off buying PLAY tokens at the fixed price of $0.00532 each, it’s now or never.
Once the clock hits 10am tomorrow, PLAY tokens will no longer be available.
After that, presale investors can claim their purchased tokens, and PLAY will be listed on its first exchange.
This is where we’ll find out whether all the hype around PLAY can translate to actual demand.
A lot of early investors believe this will be the case.
And if things go smoothly, there’s every chance PLAY could pop up on some CEXs in the weeks after its open market debut.
So buckle up, PlayDoge investors – it could be an exciting period ahead.
PlayDoge’s Tamagotchi-Style Game Is Bringing Nostalgia to Crypto
Why is everyone so buzzing about PlayDoge?
It’s because it’s taking a different approach than most P2E coins, serving up something completely new.
Forget battling cartoon monsters like in Axie Infinity or navigating complex RPGs like Illuvium.
PlayDoge’s team is keeping it simple (and nostalgic).
Think Tamagotchi, but with a crypto twist, since you’re getting paid to look after a cute digital Doge pet.
You can feed it, play with it, and teach it new tricks.
If you take good care of your pet, you’ll earn PLAY tokens that will be sent directly to your crypto wallet.
It’s a simple setup, but surprisingly addictive.
The real charm of PlayDoge is that you don’t have to be a gaming pro or a crypto genius to join in the fun.
It’s the ideal game for your coffee break or when you have a few minutes to spare.
Plus, with a monthly leaderboard for the top “pet parents,” there’s still lots of room for friendly rivalry.
PLAY Staking App – Earn Passive Income While You Play
But there’s more to PlayDoge than just virtual pet-sitting.
The team is rolling out a staking app that’s drawing attention.
Think of it like a turbo-charged savings account where you can park your PLAY token stash and watch it grow.
So, if you’re not into gaming, there’s still a way to earn passive income with PlayDoge.
Now, let’s talk about P2E coins in general.
This year has been a rollercoaster for these coins, with Hamster Kombat (HMSTR) being one of the standout performers.
Hamster Kombat exploded onto the scene in March, snagging over 300 million users in weeks,
The game lets users act as crypto exchange CEOs, and the native HMSTR token has analysts predicting some serious gains.
Could PlayDoge follow in Hamster Kombat’s footsteps?
It has all the ingredients – a simple game, a solid tokenomics plan, and that crucial meme factor.
Plus, PlayDoge’s staking app offers something that Hamster Kombat can’t.
Ultimately, the P2E space is still as unpredictable as ever.
But if PlayDoge can keep its momentum going post-launch, it might just be the next big thing in crypto gaming.
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Cryptocurrency
Bitcoin Price Analysis: Can BTC Bounce Back to $100K Following 8% Weekly Drop?
Bitcoin has been navigating an ascending consolidation phase near its critical $108K resistance level, recently encountering a sharp decline.
However, strong support zones suggest a potential for a short-term bullish rebound.
Technical Analysis
By Shayan
The Daily Chart
Bitcoin has undergone an ascending consolidation phase near the $108K resistance region, only to face increased selling pressure and distribution activity from large market participants.
This wave of selling led to a significant 15% decline, with the price finding support around the $90K mark and the middle boundary of a long-standing bullish price channel. These levels represent a critical defense line against further declines.
A rebound from this support could set the stage for a renewed attempt to reclaim the $108K mark. Conversely, a failure to hold it may lead to a deeper correction, with the channel’s lower boundary near $75K serving as the next key level of support.
The 4-Hour Chart
On the 4-hour chart, Bitcoin has been consistently trending upward within a multi-month bullish channel. The recent rejection at $108K triggered a sharp decline, bringing the price down to the channel’s middle boundary near $95K, a crucial dynamic support level.
A bounce from this region is anticipated, allowing the price to stabilize and potentially resume its uptrend. However, concerns over a hawkish monetary policy for 2025 may amplify selling pressure, increasing the likelihood of a bearish breakout.
In such a scenario, Bitcoin could face further downside, with $90K as an immediate target and $75K as long-term support.
On-chain Analysis
By Shayan
The Bitcoin Long-Term Holder SOPR metric provides valuable insights into market behavior and investor sentiment. Between 2022 and mid-2023, the SOPR remained below 1 for an extended period, indicating that long-term holders were selling at a loss associated with market capitulation.
By mid-2023, the SOPR began trending closer to or above 1, marking the beginning of a recovery. This shift was aligned with a broader market rebound as Bitcoin prices rose, reflecting renewed confidence among investors. The upward trend in SOPR suggested that long-term holders were no longer selling at a loss, a key sign of improving sentiment.
As the market moved into 2024, Bitcoin prices continued to climb, and the SOPR consistently stayed above 1. This shift signified that long-term holders realized profits, but the selling pressure remained controlled.
The stability of the SOPR above 1 highlights sustained confidence among investors, reinforcing that market conditions support continued growth, with a potential for further market expansion.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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Cryptocurrency
Dogecoin (DOGE) Price Can Skyrocket by 12,000% If History Repeats
TL:DR;
- Dogecoin was once the top-performing cryptocurrency after Donald Trump’s victory, going from under $0.15 to almost $0.5.
- Although it has lost its momentum, especially in the past week or so, history shows that its most spectacular price surge during this cycle could still be around the corner.
Can DOGE Pull a 2021-Like Rally?
Perhaps due to its affiliation with Elon Musk and his upcoming role in Donald Trump’s administration, Dogecoin skyrocketed after the US presidential elections. Its price exploded by more than 200% from its aforementioned bottom to $0.485 on December 8.
After these quite impressive gains, though, DOGE started to retrace but still maintained the $0.4 level. However, that all changed last week when the market-wide crash pushed it south hard. In just a few days, DOGE’s price tumbled by nearly 40% to $0.26.
Although such a massive correction sounds painful, it is not something unheard of for the crypto market, especially in the ever-volatile meme coin sector. Similar enhanced fluctuations have transpired in the past as well, which could actually suggest a more favorable future for DOGE.
Popular crypto analyst Ali Martinez compared the recent crash to similar developments that took place during the bull cycles in 2017 and 2021. In both instances, the largest meme coin surged by triple-digits, retraced by 40-60%, and then shot up by four or even five digits by the end of the respective runs.
In 2017, when #Dogecoin began a parabolic run, it surged 212%, retraced 40%, then rallied 5,000%. In 2021, it went up 476%, retraced 56%, then skyrocketed 12,000%.
Now, in 2024, $DOGE is up 440% and has retraced by 46%. If history repeats, another parabolic rally is on the way! pic.twitter.com/uhf2kMc0Id
— Ali (@ali_charts) December 23, 2024
Can DOGE Soar Above $10?
Skyrocketing by 5,000% or 12,000% sounds quite bullish, but let’s look at these predictions more realistically. In 2017 and 2021, DOGE’s price was a lot more modest, and posting such massive gains seemed easier, at least on paper.
If the OG meme coin is to surge by similar percentages from now on, its price and market cap would have to go to the stratosphere. For example, a 5,000% increase would put its price at over $13, and the market cap would be at over $1.9 trillion – or bigger than bitcoin’s current one.
If DOGE repeats the 2021 gains, then its price would go all the way up to $31-32, and its market capitalization would be north of $4.5 trillion – bigger than Apple’s.
Although these numbers sound quite far-fetched and history is no indicator of future price performances, this doesn’t necessarily mean that DOGE has peaked during this cycle. Dogecoin is still far away from its all-time high registered in 2021, and many other assets have managed to break their peaks, so DOGE might still have a lot of room for growth.
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Cryptocurrency
Why is the XRP Price Down Today? (Ripple Price Analysis)
Ripple is navigating a pivotal range between $1.8 and $3, with recent price action highlighting the likelihood of a consolidation phase.
A breakout from this range will likely determine its next significant trend.
By Shayan
The Daily Chart
XRP recently faced rejection at the critical $3 resistance, triggering increased volatility and initiating a sideways consolidation phase. After that, the price found support at the $1.8 level, a key zone filled with demand and buying pressure.
This support region can limit further downward movement and maintain the cryptocurrency within the $1.8-$3 range.
As the price consolidates, a bullish or bearish breakout will determine Ripple’s upcoming trajectory. While this could lead to a sustained uptrend, an unexpected bearish breakdown might trigger a significant liquidation event, causing the price to plummet toward lower levels.
The 4-Hour Chart
During the 4-hour timeframe, XRP consolidates within a descending wedge pattern, which often signals a potential bullish breakout if breached upward.
Currently, the price is testing the wedge’s lower boundary near the $1.8 support level, where increased buying activity is expected.
In the mid-term, Ripple seems likely to continue fluctuating within this pattern, with a bullish breakout aiming to reclaim higher levels near $3. Conversely, a bearish breakdown below the wedge’s lower boundary could initiate a decline, potentially driving the price toward the $1.5 threshold, a crucial support level.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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