Sun (SUN) Price Prediction 2022: Is It Worth the Hype?

The Sun price surged 40% in the last 24 hours to trade at $0.02412 as of 3 a.m. EST on trading volume that skyrocketed 59% to $413.2 million.

The price of Sun (SUN) rose by 40% in the last 24 hours to reach $0.02412 at 3 a.m. EST. This comes as the token’s trading volume also surged 59% to reach $413.2 million.

The token price also saw a 160% surge in the last seven days, coinciding with the launch of SunPump, a meme coin launchpad on the Tron network.

SunPump Outpaces Solana's Pump.fun in 24 Hours

Both SunPump and Solana's Pump.fun platform saw surges in activity and revenue in the last 24 hours. However, SunPump managed to come out on top.

Sun Price Prediction: What to Expect Next?

The SUN price surge appeared to hit a roadblock earlier today, as the token faced resistance at $0.025.

Several attempts were made to breach this barrier in the last 24 hours, but each failed and resulted in a price rejection.

Currently, the token is undergoing a correction that has brought its price to $0.02412, and it continues to decline for the moment.

However, the Bollinger bands for the project are beginning to expand once more, which is a bullish signal, especially when combined with the RSI.

The RSI, or Relative Strength Index, is an indicator that measures whether an asset is experiencing more buys or sells at any given time. Over the last six hours, the RSI has sharply declined from the overbought zone into the oversold territory.

This suggests that many may have taken profits, leading to the price drop. However, it also presents an opportunity, as a lower price allows traders to buy a high-potential asset at a reduced cost, which could drive up demand and trigger another rally.

With this upcoming opportunity in mind, interested traders should keep a close watch on the token's performance and be prepared to act at the optimal time.

A Promising Alternative to Sun (SUN)

As the Sun price corrects, traders may want to consider shifting their attention to PlayDoge (PLAY), which had one of the best presales this year.

The developer is now offering a last chance to buy, with less than three days remaining before the presale closes.

Meme Coin to P2E: PlayDoge's Journey

PLAY is a meme coin that will soon also serve as a P2E project. Inspired by Dogecoin, the project will also launch its own game, which is modeled after Tamagotchi, a popular handheld device from the late ‘90s that allowed users to raise their own digital pet.

The user was tasked with feeding, playing with, and training their pet to maintain its health and happiness.

PlayDoge will be launching a game that will allow users to do the same, except this time with a 2D Doge.

The upcoming game has garnered significant hype within the crypto community, driven partly by the ‘90s nostalgia and partly because the game will reward players with PLAY tokens for interacting with their pet.

To maximize their earnings, players can complete mini-games or collect XP and aim to reach the top of the leaderboard.

With that said, the ICO for the project will conclude on Monday, August 26. This means there is not much time left to join the ICO and buy PLAY at the lowest price possible.

The ICO has raised $6.17 million so far, and the PLAY token is priced at $0.00531.

Popular crypto YouTuber Jacob Crypto Bury has named PLAY the best P2E meme coin to buy now and speculates that PlayDoge has 10x potential after launch.