Right now is a very exciting time for the meme coin sector, not only for all the success it has seen in the first half of 2024, but also for what is coming up next. According to a former analyst for Goldman Sachs, Murad Mahmudov, the crypto sector is about to see the start of a new meme coin cycle, making the joke coins the best assets to invest in right now.
A new meme coin cycle to begin
In a recent post on X, Mahmudov shared a chart showing the price performance of major cryptos and meme coins recently, insisting that it shows that the meme coin cycle is about to begin.
https://x.com/MustStopMurad/status/1809608912766923086
Mahmudov has made major predictions before, and while not all of them came true, the latest one might yet come to pass, especially since the recent market performance seems to confirm it.
Previously, he said that crypto investors should stick exclusively to meme coins. Many have seen this as an exaggeration, as assets like Bitcoin, Ethereum, Solana, and other majors are more than likely to bring significant gains.
However, with the meme coin sector still far from its peak, it is likely that they could outperform the top-ranking cryptos.
SHIB and PLAY are the best options
So far, some of the most dramatic gains in the meme coin sector focused on Shiba Inu, which saw roughly 15% gain in the last week. This came as a refreshing development following the token’s 32% drop in June.
JOIN THE PLAY PRESALE BEFORE ITS PRICE BLOWS UP
However, while SHIB is still far from fully recovering to the levels seen earlier this year, it is undeniable that it has built up momentum. This is why the experts seem to be developing an interest in it and why now is the right time to get in on the asset.
However, there is another highly anticipated meme coin that deserves the current market’s attention, and that is PlayDoge (PLAY). While it is a new meme coin that is currently still in presale, PlayDoge has attracted massive interest due to its upcoming game.
The game was modeled after Tamagotchi, a popular toy that conquered the whole world in the ‘90s, finding its way into most households. It was a small device that granted the user 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, but it also added the P2E model into the mix, rewarding the users for engaging with it with PLAY tokens. The anticipation has been building up for weeks now, and the project’s ICO raised over $5.7 million as of July 16 while selling PLAY for only $0.00519.
BUY PLAY WITH ETH, USDT, BNB, OR CREDIT/DEBIT CARD
Given the demand and the predicted gains for the meme coin sector as a whole, getting into this presale right now definitely seems like a good move, as PLAY is likely to blow up more than any other meme coin once the next rally comes along.
