The post New P2E Meme Coin PlayDoge Surpasses $5.5M in Presale – Best Meme Crypto to Buy for the Bull Run? appeared first on Coinpedia Fintech News
PlayDoge ($PLAY), a new Play-to-Earn (P2E) meme coin, has steamed ahead in its presale amid a wider market recovery, successfully raising $5.5 million in funding.
The project, which has an 8-bit doge mascot, stands to become one of crypto’s top gainers in the upcoming bull run.
Yet it’s no ordinary meme coin that you’re dealing with here. PlayDoge promises unwavering enthrallment through its Tamagotchi-inspired P2E number.
And underpinning that is a robust token economy that compensates players for their time.
At the heart of the ecosystem is the $PLAY token, which will be used for rewards and a suite of in-game utilities.
Investors can buy $PLAY at presale for $0.00517, but this price will rise in just over one day.
The crypto market is bouncing – it’s the perfect time to invest in $PLAY before the next rally
There’s an opportunity to grab $PLAY at a discount ahead of crypto’s next euphoric rally.
We may be tottering on the edge of a bullish breakout, with prices enjoying a strong bounce today.
Month-on-month, the crypto market has struggled since March. Most recently, Mt. Gox reimbursements and Germany liquidating their BTC holdings have contributed to bearish momentum.
The total crypto market cap has slid over 20% from its March highs, and matters are even worse for alts.
However, there is a glimmer of hope for crypto bulls, with the industry’s total market cap gaining 10% in value through the last five days.
And the trend is even more pronounced when looking at Bitcoin whales. These wealthy figures, with 10 BTC or more, have been accumulating while the price is low, pushing the total holdings to a record high of 16.17 million BTC.
And the amount of USDT and USDC held by these wallets has decreased by 5.37% and 1.99%, signalling that smart money is returning to risk-on territory.
Technical analysis is also bullish, with esteemed trader Ali Martinez spotlighting a bullish reversal doji candlestick on the 3-day chart, a hint that BTC is set to rally.
#Bitcoin is looking like a snack in the 3-day chartIt 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 giving off hope today. Amid the market’s turmoil, PlayDoge has advanced unscathed and now wants to leverage the bullish market environment.
PlayDoge has pulled in over $200K in the last three days, indicating that smart money is bracing for big gains on the market’s recovery.
Bitcoin isn’t always the soundest money, with Shiba-themed tokens providing bigger returns – PlayDoge is next
Bitcoin is often deemed as “sound money” due to its groundbreaking tokenomics and scarcity. But that does not always make it the best investment.
Joke tokens, including a suite of Shiba-Inu-Themed outlays, frequently outperform the market leader.
Meme coin excitement started with Dogecoin, which launched in 2013 and captivated the masses through the early stages of the 2020s.
Dogecoin’s mascot was a Shiba Inu dog named Kabosu.
This inspired new models, including Shiba Inu and Bonk.
Often, these tokens will outperform Bitcoin.
For instance, last cycle, Dogecoin soared over 200x in the space of a couple of months, and Shiba Inu grew even more.
Meanwhile, this cycle has birthed Bonk, and while conditions have not been as favourable, the project has jumped over 23,000% since CoinMarketCap started tracking its price in December 2022.
With Bitcoin’s market cap well into the trillions, these are the types of gains that its holders can only dream of.
But now there is PlayDoge, taking advantage of the high-octane meme coin environment while sprinkling in game-changing utilities.
The market wants something new, and PlayDoge might just be it
PlayDoge is bringing something new to the industry.
It’s inspired by the blockbuster Tamagotchi game which sold over 82 million units through its course in the 1990s.
Players will earn $PLAY tokens for interacting with their virtual pet Shiba Inu.
It’s a meme coin, but instead of just holding the tokens in their wallet, PlayDoge community members will be able to interact with their pet dog on a more personal level.
Adding to the project’s allure, it is available to buy on the BNB and Ethereum networks.
This helps boost PlayDoge’s accessibility, but it’s not the only thing.
The game will be launching on the App Store and Google Play Store, providing a convenient alternative to the original Tamagotchi handheld device.
Intertwining the nostalgic allure of Tamagotchi with the wildfire enigma of meme coins, PlayDoge has something for everyone.
PlayDoge price predictions agree – $PLAY is going to the moon.
If expert predictions are anything to go by, then PlayDoge presale investors will be in for a very profitable few months.
For starters, there’s a whopping 89% staking APY on offer. That allows investors to grow their investment, even without factoring in price appreciation.
Esteemed crypto analyst ClayBro gives a rundown of promising price predictions for PlayDoge.
One of these predictions speculates that $PLAY will reach $0.001 by the end of the year – that’s almost a 2x gain from its current price.
That prediction climbs to $0.03 by the end of 2025, but ClayBro highlights that some predictions are even more bullish, speculating up to 100x gains are on the horizon.
With its inherent utility, nostalgic appeal, and memetic roots, there’s much to be excited about regarding PlayDoge.
But something flying under the radar is its launch on BNB. Should its exchange launch go well, then $PLAY will be picked up by the Binance team, which could set the stage for a listing later this year.
That would skyrocket the token’s price potential, with Binance boasting over 200 million users.
The stars are aligning for a successful exchange debut for the new P2E meme coin.
Those wanting to participate in the action can visit the PlayDoge website to buy and stake tokens.
Also, they can keep updated on the latest developments by following the PlayDoge X or its official Telegram.
Join PlayDoge now and outperform the Bitcoin standard!