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Beercoin Trends on CoinGecko as Play-to-Earn Dogecoin Alternative Raises $2.3 Million

Sam Cooling
Last updated: | 2 min read
BEER Price Analysis: Promising new meme coin Beercoin (BEER) is rapidly unlocking viral success amid price pump, now other coin set to pump?

Beercoin is the latest meme coin to take off, more than doubling in price in just 24 hours.

This article will provide an analysis of BEER’s current price trends and look to see whether another viral project, PlayDoge, represents a more promising investment opportunity at this time.

Beercoin’s meteoric rise to become one of the biggest meme coins in the crypto market has caught many off-guard, especially due to the seemingly uncomedic meme value and general lack of utility. With most analysts stumped (or alleging inside activity) – it could be that crypto traders just really like beer.

Testament to this viral success, which has fuelled the BEER Price pump, Beercoin is now actively trending on one of the biggest crypto price aggregators, CoinGecko, and ranked as the 222nd largest cryptocurrency.

BEER Price Analysis: As Beercoin Consolidates Major Gains – Analysts Target This GameFi Coin For Next Pump

As BEER price consolidates recent gains at Hot #2 on DEXTools, Beercoin is currently trading at a market price of $0.000402 (representing a 24-hour change of -13%).

This comes amid a -30% price correction, which has seen BEER price retreat from a recent new all-time high at $0.00057, to consolidate above lower support at $0.00034.

With a seemingly solid defense underway by more than 34,000 Beercoin holders, it’s no secret that this Solana meme coin appears poised for a major skyrocket move.

Indeed, there is still capacity for upside moves, with BEER’s stature at $356M teasing the possibility of a DogWifHat-style breakout move up above $1Bn (a potential 3x move).

The order book reflects Beercoin’s big-league ambitions, with 52% buy pressure in transactions quickly eating up the localized dip.

However, with BEER price already stood at fresh heights, it seems there is less opportunity left in this trade than other viral value propositions such as PlayDoge.

New GameFi Project PlayDoge Presale on Fire: Up Next $3 Million?

As Beercoin continues to make waves, smart crypto investors also turn to PlayDoge (PLAY); a premier meme coin on the BNB Chain.

It is easy to see why: On the first week of its presale, PlayDoge has already attracted and raised over $2.6M.

It won’t be a surprise if the $3 million milestone is surpassed by mid-June.

Each PLAY is changing hands for $0.00504.

Only 30% of the total supply is allocated to the presale, and another 11.5% will go towards liquidity via DEXes.

PlayDoge combines the nostalgia of the 1990s Tamagotchi game (which impressively sold 82 million units) with modern play-to-earn (P2E) mechanics.

Active players will receive and care for the 8-bit pixel digital Doge pets and PLAY tokens as a reward.

PLAY has utility since it can be staked, cashed out, or even used to purchase other in-game items.

Those who choose to stake PLAY will receive a 1,000% APY, but the yield, as expected, will drop as more tokens are locked in.

Analysts are betting big on PLAY, expecting the token to surge 10X after launch.

Buy PLAY Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.