PlayDoge ($PLAY), a play-and-earn (P2E) meme coin, got off to a fast start, surpassing the $5 million milestone in pre-sales.
The fundraising effort was launched at the end of May, raising $200,000 in just a few minutes, and has now grown 25x, making it clear that PlayDoge has the potential to become the next top meme coin.
The surge in investor attention could push PlayDoge to rival the likes of Floki ($FLOKI), and possibly even surpass it.
What makes PlayDoge unique is that it combines two very popular themes: meme coins and games, specifically those from the 90s. It allows users to own a virtual Shiba Inu, play with it, care for it like a Tamagotchi, and receive its native token $PLAY as a reward.
For those who want to get in early before the game goes live, pre-sales are still going on, but prices are going up every day.
The current price is $0.0051, potential investors can still obtain the tokens at this low price, and the price will rise to $0.00512 in the next stage of the pre-sale.
PlayDoge attracts millions and dominates dog-themed coins
It’s no secret to those in the cryptocurrency community that meme coins have been on the rise this year, with their total market value once exceeding $60 billion.
Since the beginning of the year, meme coins such as Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE) have increased by 32.19%, 63.22%, and 702.31% respectively.
Additionally, Floki ($FLOKI) soared 336.39%, while Dogwifhat ($WIF) gained an even higher 550.80%.
However, these coins have generally been in decline over the past month, with the only exception being $PEPE, which has risen steadily by 29.3% – coincidentally, it is the only non-dog-themed coin in the top five.
So, while most Dogecoins are underperforming, PlayDoge is busy attracting millions.
This trend suggests that the market may be looking for a new dog-themed coin with more utility, and PlayDoge fits the bill with its Tamagotchi-like gameplay and play-to-earn (P2E) elements. Require.
This may explain why PlayDoge recently made a humorous post on the X platform showing its dominance, as shown below:
https://twitter.com/PlayDogeGame/status/1802370665346920520
PlayDoge makes electronic pets glorious again!
PlayDoge brings back the classic 90s handheld game Tamagotchi, and just made it better!
PlayDoge has significantly upgraded its Tamagotchi thanks to the addition of its $PLAY token, which creates an in-game economy and whose value can be exchanged within the wider crypto market.
Players earn $PLAY tokens by caring for their virtual Shiba Inu pets and playing mini-games within the upcoming mobile app. Top-ranked players can also receive additional rewards through the game leaderboards.
But unlike the original Tamagotchi, players don't need to purchase a device to start playing, as the app will be available for free on the Google Play Store and App Store.
It's worth noting that Tamagotchi was one of the first digital games aimed at girls, releasing at a time when PlayStation consoles were beginning to dominate the boys' sections of toy stores like Toys R Us.
The question is, can PlayDoge do the same thing in the cryptocurrency space and attract more female users and investors?
The idea is not impossible. With its vibrant 8-bit interface, nostalgic appeal, and financial incentives, PlayDoge could become the new addictive modern crypto version of your Tamagotchi.
Surge in interest in game remakes and classics – a huge market for PlayDoge
The retro gaming market is experiencing a boom, especially among millennial gamers who enjoy playing the classic games they grew up with.
In fact, according to a survey conducted by Express VPN, 79% of gamers are still actively involved in retro games, indicating their preference for retro gaming experiences.
In addition to the enduring love for old games, the game remaster market is also booming, with first-month sales of digital game consoles doubling to $8 million between 2018 and 2020.
Game remakes and classic games have a strong appeal to players, and last year was even called the golden age of game remakes.
PlayDoge is well positioned to take advantage of these two markets and potentially attract a large number of new crypto users.
This may establish PlayDoge as a clear leader in the P2E and meme currency fields, thereby significantly increasing its price.
Buy $PLAY at the presale price before logging into PlayDoge on Binance
PlayDoge is built on Binance Smart Chain, making it a target for the listing team of Binance, the world’s largest centralized exchange.
If $PLAY were to land on a top centralized exchange like Binance, its price could surge due to increased liquidity on the trading pair.
But now, time is running out and the 4.7 billion tokens allocated in the pre-sale are being sold quickly.
Meanwhile, investors are not only taking advantage of the low-price pre-sale opportunity, but also earning passive income through PlayDoge’s staking feature, which currently offers annual yields (APY) of up to 134%.
So far, 119 million tokens have been staked, showing long-term commitment to the project.
In addition, to increase investors’ peace of mind, PlayDoge’s smart contracts have passed a comprehensive audit by SolidProof to ensure safety.
Participating in the presale is easy: just connect your wallet and purchase $PLAY tokens using BNB, ETH or USDT. Card payments are also accepted.
To stay up to date with the latest news and updates from PlayDoge, join its X and Telegram communities.
With the popularity of retro gaming and the continued dominance of meme coins in crypto trading, now is the perfect time for companion games like PlayDoge to rise to prominence. Buy early to avoid disappointment.
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Original article: https://cn.cryptonews.com/news/new-dog-meme-coin-with-p2e-elements-playdoge-hits-5m-in-explosive-presale.htm