Dogecoin, the original meme coin that launched in 2013, has seen a 10% price drop in the past seven days. While the token did see a slight recovery of about 2% in the last 24 hours, its price is still considerably lower on a weekly basis.
Dogecoin’s price struggled after the March surge
So far, 2024 has been an excellent year for meme coins, and many of the high-ranking ones, as well as newly launched meme coins, have seen considerable price growth. Dogecoin, on the other hand, has been reserved even during the most bullish times.
Its price did see a strong surge in March, going from around $0.08 in late February to $0.21 by late March. However, the token has been dropping ever since. The drop has not been consistent — the token did see slight recoveries every now and then — but its overall trend in the last five months has been bearish, leading it back down to its current price of $0.1041.
This is likely to change later in the year if the expected year-long rally arrives as predicted. With that in mind, buying DOGE now might be an opportunity to get the coin while its price is low, but it is not a great choice for short-term gains.
However, there is a new meme coin that is currently still in a presale that might be a better option.
BUY PLAYDOGE WHILE ITS PRICE IS LOW
PlayDoge: What Is There To Know?
PlayDoge (PLAY) is a new dog-based meme coin that has grown to become one of the most anticipated cryptos of 2024. There are several reasons why the community is so excited about it. First of all, 2024 has been a great year for meme coins, as mentioned.
Second, despite Dogecoin’s poor performance in the past few months, its name still carries a lot of weight, and a project with “Doge” in its name is expected to attract quite a bit of attention. Finally, the main reason why PlayDoge is as popular as it is lies in its main product, which is a Play-To-Earn (P2E) game.
The game is still in development, but it was designed to resemble Tamagotchi, a popular toy from the 90s that allowed users to own a digital pet that they could play with, feed, and train. PlayDoge is developing an app that will offer the same, and in addition to that, it will reward you with PLAY tokens for interacting with your pet, completing mini-games, and ranking high on its leaderboard.
JOIN THE PLAY PRESALE AND GET PLAYDOGE EARLY
The game is expected to launch after the project completes its ICO. So far, the presale has raised $6 million while selling PLAY for only $0.00527. Anyone interested in joining should not wait too long, however, as the token will see another scheduled price increase in under 24 hours. If you decide to buy, you can do it with ETH, BNB, USDT, or your credit/debit card.
As a combination of memes, gaming, the P2E model, and the ‘90s nostalgia, PlayDoge is expected to see massive success upon launch, so buying during the presale is an opportunity that should not be ignored.
