Meme Coin PlayDoge Smashes $1.7 million in Presale, Just a Week After Bagging $200,000
In just a week after raising $200,000, play-to-earn (P2E) meme coin PlayDoge ($PLAY) has secured an additional $1.5 million, bringing the total raised in its presale to a staggering $1.7 million.
The interest in meme-based tokens has undoubtedly erupted in 2024, and PlayDoge, which is looking to unseat Floki ( FLOKI ), is offering more than just humor and novelty – or even political overtones.
PlayDoge combines the iconic Doge meme with the beloved Tamagotchi game from the 90s, creating a fun virtual gaming experience where players can even earn its native token, $PLAY.
But for those eager to get in on the action even before the game’s launch, the presale is ongoing, allowing users to purchase one token for the price of only $0.00502.
With only two days to go, the presale is about to enter its fourth stage, which will see the price increase to $0.00503, so make sure you get in early to lock in $PLAY at a lower rate.
Meme coins heating up heading into summer
The meme coin mania is reaching fever pitch!
In April alone, CoinMarketCap recorded a total of 138 new meme coin listings . Currently, there are 2,334 meme coins listed on the crypto price tracking site, and together they have a combined market capitalization of $64 billion.
As of today, the frenzy surrounding meme coins shows no signs of abating, as evidenced by the recent surge in positive buying activity for specific projects.
In the past week, meme coins like Brett ( BRETT ) and ANDY ( ANDY ) surged by 86% and 68% respectively.
Canine-themed coins also experienced a huge uptick, led by Ben the Dog ( BENDOG ) with a 174.13% increase, DOG•GO•TO•THE•MOON ( DOG ) with 123%, and Dogebonk ( DOBO ) with 4.67%.
However, more popular dog-themed tokens saw declines: Bonk (BONK) dropped by 16%, Dogecoin ( DOGE ) fell 4%, Shiba Inu ( SHIB ) declined by 3.7% and Floki shed off 2.87% of its value over the past seven days.
Is this indicative of the market taking a pause from the popular dog-based meme coins? Or are investors simply seeking a new contender to lead the meme coin pup pack like PlayDoge ? It is probably the latter.
A P2E meme coin with a touch of 90s gaming nostalgia
PlayDoge is not just another meme coin. It gives Tamagotchi a crypto makeover, with $PLAY serving as the in-game currency.
Fans of the 90s handheld digital pets will be delighted to know that with PlayDoge, they now have another shot at being diligent virtual pet owners.
But this time, their pet care efforts will not go unrewarded. Players accumulate $PLAY by tending to their virtual Shiba Inu and embarking on exciting adventures within the game.
Top-ranking players will be featured on the game’s Leaderboard and will also be eligible to receive bonus tokens and exclusive rewards.
Aside from in-game purchase, the earned $PLAY tokens can also be exchanged for other cryptocurrencies, extending its value beyond the game.
Another way of earning $PLAY is through the game’s staking functionality, allowing users to earn tokens passively. Early staking participants can enjoy a generous APY of 182%.
With this innovative fusion of two beloved themes – the iconic Doge meme and Tamagotchi – PlayDoge creates a vibrant gaming economy within the rapidly growing meme coin crypto subsector.
Game remakes were HUGE in 2023 – PlayDoge part of a hot new trend
While PlayDoge can be classified a meme coin, it is by no means just that. In reviving a popular 90s game, it’s also making inroads into the thriving game remakes sector.
Last year was labeled the golden era of game remakes . But even prior to last year, sales of major remakes had already doubled from 2018 to 2020 , reaching approximately $8 million in first-month digital console sales.
And despite 2022’s crypto winter, the Web3 gaming and metaverse industry still saw substantial investment last year of around $2.9 billion, as reported by DappRadar .
Considering these trends, it’s reasonable to see that PlayDoge is in the prime intersection of game remakes and meme coins.
And with the P2E element – another popular sub-sector of crypto gaming that is sure to enjoy a strong resurgence – it’s hardly surprising that the 99Bitcoins YouTube channel sees PlayDoge as the next big meme coin:
Join the presale and be one of the early holders of $PLAY
As mentioned earlier, the PlayDoge app is currently in development.
The exciting news is the positive reception of its presale will likely propel it towards advancing to the next stages outlined in its roadmap more swiftly.
PlayDoge allocates a total of 50% of its 9.4 million token supply, roughly 4.7 million $PLAY tokens, to its presale, while 6%, or 564 million, will be allocated to staking.
It is also worth noting that $PLAY operates on the Binance Smart Chain, which will help it draw the attention of the Binance listing team.
Globally, Binance is still the largest centralized exchange so a listing there would be a major valuation booster because of the liquidity that would potentially flood into $PLAY trading pairs.
Binance Smart Chain is Binance’s in-house blockchain, and Binance itself is the largest centralized exchange in the crypto space, boasting a market share of 49% as of March 2024.
Moreover, PlayDoge’s fully audited smart contract provides potential contributors with solid assurance about the project’s security.
Joining the presale is easy: connect your wallet and start purchasing $PLAY using BNB, ETH, or USDT. PlayDoge also offers the option to use credit cards.
To keep up with the latest information about the project, you can connect with its community via X and Telegram .
Buy PlayDoge Here
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
