PlayDoge, the new play-and-earn meme currency, raised $200,000 in pre-sale. Can it challenge Floki Inu?
A new Dogecoin meme coin called PlayDoge is in the spotlight after raising $200,000 within minutes of the start of its pre-sale.
The Dogecoin meme coin has been popular in the cryptocurrency world for some time, and the GameFi cryptocurrency, which focuses on playing and earning (P2E), is equally popular.
These two observations suggest that PlayDoge is perfectly positioned to attract the next generation of Floki Inu trackers.
In addition, PlayDoge’s native token $PLAY runs on the BNB smart chain. This is great news for $PLAY token buyers as it means it is already on the radar of Binance’s listing team – BNB Smart Chain is Binance’s in-house blockchain.
Binance is the largest centralized cryptocurrency exchange, with a market share of 49% as of March 2024.
PlayDoge ($PLAY) brings Tamagotchi into the era of mobile play and earn money – buy today for only $0.005
PlayDoge is a mobile game that turns iconic Dogecoin memes into Tamagotchi-style virtual pets, allowing players to earn $PLAY tokens.
PlayDoge will allow players to earn rewards by caring for their pets and taking them on adventures.
Conscientious pet owners will be rewarded with regular feeding, training and sleep. By harnessing the power of a decentralized cryptographic network, PlayDoge is building a gaming economy based on monetizable value.
Pre-sale prices start at $0.005, but funding is on a price tier, so the earlier you buy, the lower the price. 50% of the total token supply of 9.4 billion will be sold in the pre-sale.
Game on: Can PlayDoge ($PLAY) surpass FLOKI and SHIB in the gaming field?
A clear trend emerging is the difference between those meme coins that have real utility and those that have no utility.
Take Dogecoin as an example. Over the past 30 days, its price has increased by 11.5% to $0.164. This is a reasonable progress, but pales in comparison to $FLOKI’s 74.6% at a price of $0.000294.
The difference in price performance could be explained by Dogecoin’s lack of utility, although it can rely on its reputation in the market as the original gangster meme coin.
Dogecoin has no utility, except perhaps as a means of exchange, although there hasn’t been much progress on that front since Elon Musk hinted that his company planned to make it an accepted payment method.Today, you can use it to buy items in Tesla stores, but that's about it.
PlayDoge offers its own metaverse solution by bridging the gap between people and virtual pets. Monetizing the game with $PLAY tokens and introducing a globally resonant meme — Dogecoin — could be a winning formula.
SHIB has also taken the gaming route, but its "SHIB Metaverse" product does not yet have a release date. All in all, the race to earn meme coins while playing is officially on – and the ultimate winner may be PlayDoge.
According to the latest Coinmarketcap data, the crypto gaming category has a market value of $27.9 billion.
$PLAY – The next 100x meme coin like $PEPE
Three days later, the price of $PLAY token will increase to $0.0055. As memecoin mania continues unabated, there’s good reason to expect demand for the token to accelerate as word of the presale spreads.
If there was any doubt about the broad and ongoing appeal of meme coins, the recent stellar performance of $PEPE and $BONK means market participants don’t want to let PlayDoge’s opportunity slip away.
In the past three months, $PEPE is up 400% and $BONK is up 119%. Since its price nadir last year, $PEPE has gained 56,800%.
Therefore, even if meme coins have no utility, they still have a powerful appeal beyond their subjective attributes of cuteness and humor. But meme coins like $PLAY, which not only have these viral properties but also have real-world utility, are sure to take everything by storm.
Unlock rewards in the $248 billion video game market
The future value of meme coins is difficult to measure due to the lack of additional revenue streams. We've seen that the situation is different with game meme coins like PlayDoge.
When it comes to the valuation of the video game industry, the story is different again, as revenue and profits are abundant.
With $PLAY tokens serving as the primary in-game currency, players can unlock unique features, customize their experience, and even earn passive income through staking.
PlayDoge’s gaming ecosystem has not yet launched, but development work has already begun, and the crypto version of Tamagotchi will excite the gaming community and crypto enthusiasts.
So as the popularity of meme coins continues to soar, PlayDoge is in a unique position to ride on this wave of enthusiasm.
PlayDoge delivers a unique gaming experience by combining the nostalgia of '90s gaming with the current excitement for meme coins.
PlayDoge’s smart contracts have been fully audited, providing potential contributors with peace of mind regarding the project’s soundness.
To participate in the groundbreaking PlayDoge presale, connect your wallet and purchase using BNB, USDT or ETH. Buyers can also pay for tokens using bank cards.
Stay up to date on the project by joining the community on X and Telegram.
Enter PlayDOge pre-sale: https://cn.cryptonews.com/ext/playdoge-cn/
Original text: https://cn.cryptonews.com/news/new-play-to-earn-meme-coin-playdoge-raises-200000-in-presale-can-it-challenge-floki-inu.htm
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