Crypto Expert Gives Bullish Shiba Inu Outlook, Expects Big Gains for PlayDoge
It’s been an up-and-down year for Shiba Inu (SHIB) so far.
Yet one crypto expert has issued a bullish forecast for the coin, prompting renewed interest from investors.
The same expert also highlighted the new PlayDoge (PLAY) project as another potential winner in the months ahead.
Shiba Inu Holds Steady as Crypto Expert Predicts Potential Rebound
Shiba Inu has been trading sideways lately, holding steady around $0.0000138.
While the past few days have been quiet, zooming out reveals that SHIB still holds a 28% gain from last Monday’s crash.
Spot volumes also remain healthy at $158 million in the past 24 hours – suggesting continued interest.
However, things might be about to heat up.
Jacob Bury, a popular crypto expert, recently gave a bullish prediction for Shiba Inu.
In a video released last week, Bury acknowledged SHIB’s decline from July’s local high, but also talked about his belief that the coin could be about to rebound
Bury pointed to the growing adoption of Shibarium and the potential impact of “National Dog Month” as positive factors.
He even suggested that SHIB could go on a run similar to 2021.
Ultimately, Bury urged his subscribers to watch for a breakout of the current range – that could signal a bullish reversal.
PlayDoge Mixes Nostalgia & Crypto, Expert Believes It Could Explode Post-Launch
While Bury is clearly keeping an eye on SHIB, he’s also enthusiastic about a new project: PlayDoge.
This isn’t another random meme coin.
Instead, it mixes the Doge meme with a touch of nostalgia, like a Tamagotchi-themed crypto project.
Bury’s video dives into why PlayDoge might be one to watch.
First off, it’s not just relying on the demand for dog-themed meme coins.
There’s an actual P2E game involved where you earn crypto by taking care of a virtual Doge pet.
It’s like those retro ‘90s games – but with real rewards.
Other things have excited Bury, like the fact that PlayDoge has already raised $6 million in its presale.
He’s also a fan of the Binance Smart Chain angle, which means lower fees for PLAY traders.
But Bury’s not all optimism.
He’s realistic about the risks, especially since the team behind PlayDoge is still anonymous.
However, on the whole, he’s bullish on the project.
He even speculated that PLAY could “10x your money” if the token has a successful DEX launch later this year.
High Staking Rewards & Strong Tokenomics Fuel PlayDoge’s Popularity
There are other aspects of PlayDoge that could make Bury’s prediction become a reality.
For example, the project has a staking app that’s already live on both Ethereum and the Binance Smart Chain, offering some high rewards.
These rewards are currently set at 76% APY – far higher than most staking protocols offer.
Then there’s PlayDoge’s social media game.
The project has been blowing up on Twitter and Telegram, building a community before the official launch.
For those who are still sceptical, PlayDoge has another trick up its sleeve: an audit by SolidProof.
That’s like getting a stamp of approval in the meme coin space.
It essentially demonstrates the team’s commitment to transparency and security.
And let’s not forget the project’s tokenomics.
PlayDoge has a well-structured setup with 50% of the supply allocated to the presale, 12% for staking rewards, and the rest spread across liquidity, marketing, and project funds.
It’s a balanced approach that could position PlayDoge for long-term success.
Without a doubt, the project is generating quite a buzz.
Only time will tell if it’s the next big thing, but if Jacob Bury’s forecast holds true, PlayDoge might just become one of the most talked-about launches of the year.
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