Play-to-earn (P2E) meme coin PlayDoge ($PLAY) shook off the market downturn and continues to do well in presale, reaching $5.5 million in funds raised.
The meme coin, which sports the Dogecoin Shiba Inu pup in 8-bit fashion as its mascot, aims to lead the sector that kicked off this year’s bull run.
But PlayDoge is far from a run-of-the-mill meme coin. It introduces a new game economy inspired by the beloved Tamagotchi digital toy from the 1990s.
At the core of this ecosystem is its native token, $PLAY, which unlocks various in-game and broader market utilities.
Currently priced at $0.00517, the value of one $PLAY will increase to $0.00518 in less than two days when its next presale stage arrives.
Hurry and buy your tokens to follow the smart money flowing into this project and take advantage of the next meme coin that will push the market to new heights.
Market rebounding? Perfect time to snag tokens like $PLAY ahead of the next surge
The crypto market has been on a rollercoaster lately, swinging into risk-off mode due to the Mt. Gox reimbursements and Germany’s Bitcoin ($BTC) sales.
BTC has fallen 17% in the past 30 days, with an 8.7% slide in just the past week.
However, there appears to be a glimmer of optimism as BTC has jumped by 2.7% over the past 24 hours, climbing to $57,299 after flirting dangerously close to $53,000.
Digging deeper into Bitcoin’s on-chain data reveals an intriguing trend: Big players with 10 or more BTC are seizing the moment to accumulate more, pushing their holdings to a record high of 16.17 million BTC.
Additionally, their holdings in stablecoins such as USDT and USDC have decreased by 5.37% and 1.99% respectively, further highlighting the evident shift towards acquiring more BTC.
Technical indicators are also flashing bullish signals, as noted by technical and on-chain analyst Ali Martinez on X, who highlights the BTC/USDT 3-day timeframe chart displaying a bullish reversal doji candlestick, complemented by a buy signal from the TD sequential indicator.
#Bitcoin is looking like a snack in the 3-day chart
It is developing a bullish reversal doji candlestick, combined with a buy signal by the TD Sequential. pic.twitter.com/EgTcpu9SAZ
— Ali (@ali_charts) July 6, 2024
But it’s not just Bitcoin that’s bucking the trend amidst this market downturn. Meet PlayDoge, the underdog raking in investment dollars while others falter.
PlayDoge pulled in over $200,000 in presale funds in a whirlwind three-day period, indicating that investors are betting big and playing the long game on this rising star in the P2E and meme coin arena.
Bitcoin isn’t always the best bet as three Shiba Inu-themed coins outperformed it in 2024 – PlayDoge is next in line
While Bitcoin is often seen as the safest bet in crypto investments, the crypto world is proving that big returns can come from unexpected places.
Take the meme coin market, for instance – it’s been the breakout sector of 2024, delivering a jaw-dropping average return of 2405.1%.
Meme coins thrive on internet culture, and the pioneer in this space is none other than Dogecoin ($DOGE), born from a viral 2013 meme featuring a Shiba Inu named Kabosu, may she rest in peace.
That meme not only became the “meme of the year” at one point but also laid the foundation for a whole new genre of cryptocurrencies.
What’s fascinating is how this trend has amplified the market’s love affair with dogs, particularly the Shiba Inu breed.
That’s why it’s no surprise that meme coins like Floki ($FLOKI), DogWifHat ($WIF), and Shiba Inu ($SHIB) – all based on the Shiba Inu breed – have not just kept up with Bitcoin but have even outpaced it in terms of gains during the first half of 2024.
And now, as Bitcoin stages a comeback, meme coins are once again surging. In the past 24 hours alone, meme coins have gained 7.6%.
In that same timeframe, $DOGE saw a rise of 3.8%, while both $SHIB and $WIF experienced gains of 3.3%. $FLOKI surged by 6.2%, and the standout performer was Bonk ($BONK), which soared by an impressive 21.6%.
If history repeats itself in the second half of the year and we see another crypto market surge, expect Shiba Inu-themed coins to lead the charge once more.
But keep an eye out for newcomers like PlayDoge, which bring added utility and innovation to the meme coin space.
The market needs a new contender, and this isn’t your ordinary meme coin
PlayDoge isn’t your typical meme coin – it’s a unique hybrid incorporating P2E elements.
Inspired by the beloved classic 90s game Tamagotchi, it immerses players in an 8-bit world where they can nurture their virtual Shiba Inu dogs in exchange for $PLAY tokens.
Instead of merely holding meme coins in their wallets, crypto enthusiasts can now interact with their favorite dog breed on a more personal level.
Diligent care and wins in mini-games reward players with $PLAY tokens. And active care for their virtual pet dogs could land players on the game’s leaderboard for additional rewards.
Another thing that sets $PLAY apart from other meme coins is that it is also multichain and can be transferred between BNB and Ethereum.
Players can easily download the game from the Google Play Store and App Store when the game launches, eliminating the need to purchase handheld devices that Tamagotchi is popular for.
Also, beyond its gaming appeal, PlayDoge has the potential to attract a diverse investor base, including women intrigued by its nostalgic charm, similar to the popularity of Tamagotchi among girls in its heyday.
With its blend of gaming fun and memetic vibes, $PLAY will be at the forefront of the next market surge.
PlayDoge price predictions are unanimous, $PLAY is heading to the moon
What really amplifies the value of $PLAY tokens is the staking option, which offers an impressive 93% APY.
This makes holding onto $PLAY even sweeter for new investors eagerly anticipating the game launch.
About 202 million $PLAY tokens are staked, showing strong investor trust in the token and the project.
With all these factors in motion, it’s no wonder $PLAY’s price prediction is off the charts.
Renowned YouTuber ClayBro, with 130,000 subscribers, has reviewed these projections for $PLAY.
Among those projections is an anticipated surge to $0.01 this year alone, which almost doubles its presale value, and a projection of it climbing to $0.03 by 2025. Some optimistic forecasts even suggest a potential 100x increase.
Perhaps a big factor in why $ PLAY’s price predictions are all moonbound is because it is on the BNB Smart Chain.
This sets the stage for a potential listing on Binance, the world’s largest exchange, and reflects the hype it generated during its presale.
If $PLAY gets listed on Binance, the influx of liquidity across all its trading pairs could significantly boost its price, thanks to it being more accessible to the exchange’s 200 million-plus users.
With everything falling into place, passing up $PLAY at its current price would be a missed opportunity of considerable magnitude.
So for those who don’t want to miss out, head over to the PlayDoge website, connect your wallet, and buy up $PLAY tokens using BNB, ETH, or USDT. Bank cards are also accepted.
To stay informed about PlayDoge’s latest news and developments, join its community on X and Telegram.
Also, for added peace of mind, investors can rest assured of the security of PlayDoge’s smart contract, which has undergone a full audit by SolidProof.
Secure $PLAY now and pump up your returns beyond what Bitcoin can offer!
The post PlayDoge Presale Hits $5.5M Despite Market Slump – Top Crypto Pick for Next Bull Run? appeared first on Cryptonews.
