GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
News

New Meme Coin To Watch: Playdoge Kicks Off Presale With $250K Raise

play-doge

The post New Meme Coin To Watch: Playdoge Kicks Off Presale With $250K Raise appeared first on Coinpedia Fintech News

New gaming meme coin PlayDoge ($PLAY) has gotten off to an explosive start as its presale nears $250K in its opening 24 hours.

The overwhelming response to the presale’s launch illustrates that investors are taking note and could see $PLAY become one of the market’s hottest new meme coins.

PlayDoge’s Tamagotchi-style virtual pet game has huge potential

While PlayDoge’s meme coin exterior was implemented to draw a crowd and bolster community relations, its true underlying essence is its Play-to-Earn (P2E) Tamagotchi-style pet game.

For those who don’t know (or remember), Tamagotchi is a small handheld gaming device in which you care for a digital Tamagotchi pet.

It launched in 1996 and quickly gained notoriety, selling over 82 million units.

PlayDoge’s contemporary reboot undertakes a similar feel to the original Tamagotchi. Users have their own 8-bit pixel Doge to look after, ensuring it is fed, entertained, and in a good mood.

But here’s the kicker – users can earn $PLAY tokens while caring for their Doge.

play-doge

The platform features a leaderboard system, and users can climb the ranks by caring for their pets and completing minigames.

As they go higher up the leaderboard, they earn more $PLAY.

And $PLAY has real utility, too. Users can cash it out, make in-game purchases, or stake it to compound their rewards.

Currently, stakers can garner a whopping 3,000% APY. However, this will decrease as the staking pool grows. 

At the time of writing, 6 million $PLAY tokens have already been staked.

playdoge-staking

In essence, $PLAY token powers the entire PlayDoge ecosystem.

Factoring in PlayDoge’s meme coin outlook, it becomes obvious why early investors are rushing into the presale.

Utility meme coins are quietly steaming ahead, but PlayDoge could be the front-runner

Recent data shows that over 20,000 new meme coins are brought to market daily. While that might be great for on-chain activity, it dials up the difficulty of investing in new projects.

The sheer volume of cryptos (mainly meme coins) entering the industry every day makes finding the next Dogecoin or Pepe near impossible.

However, finding the next Floki or Shiba Inu is still within reach.

That’s because Floki and Shiba Inu are utility-driven meme coins, meaning investors can conduct traditional fundamental analysis alongside assessing the project’s “memeability.”

With that, they can make high-conviction decisions based on more than just “a hunch.”

The market has recently taken a shine to these utility-based meme coins, with both Floki and Shiba Inu faring as outperformers.

For instance, Floki is up over 25% this week, outperforming the majority of the top 10 meme coins, including Pepe and Dogecoin. Floki is also up by a whopping 80% this month.

coinmarketcap-chart

Meanwhile, Shiba Inu has come out on top in the showdown against Dogecoin, up 233% this year compared to Dogecoin’s 132%.

dogecoin-usd-chart

So, considering that the market is hungry for utility-based meme coins, and the process of choosing them is much more calculated, PlayDoge’s early success is no surprise.

While its Doge-themed meme coin facade provides a viral outlook, PlayDoge’s Play-to-Earn utility and proximity to one of the most iconic games of the 90s presents bucketloads of long-term potential.

Launching on BSC may provide PlayDoge with an upper hand

Unlike many new meme coins that choose to launch on Solana, Ethereum, and Base, PlayDoge has opted with Binance’s BSC.

While the immediate reaction suggests a possible internal connection with the Binance team, laying the way for a launch on the tier-one exchange, it’s not the only thing causing excitement.

Per DeFiLlama data, BSC is currently the third-largest blockchain network by TVL, with over $6 billion sitting on chain.

In the last market cycle, BSC’s prominence saw its leading meme coin, SafeMoon Inu, soar to a market cap in the multi-billions.

But after some internal issues for SafeMoon Inu, BSC’s meme coin front is open for the taking.

This presents the perfect launch environment for PlayDoge, with billions of dollars potentially awaiting deployment into the network’s next big project.

PlayDoge could be the next 100x meme coin

Bringing together its robust use case, the rising interest in utility meme coins, and its position on BSC, PlayDoge is one of crypto’s hottest meme coin prospects.

Projects like Pepe, Bonk, and Dogwifhat have emerged in recent months and taken the market by storm, but all eyes are now on PlayDoge.

In a recent YouTube video, Jacob Bury speculated that PlayDoge could be bigger than Axie Infinity or Floki.

Indeed, this is massively bullish, considering PlayDoge remains in its opening 24 hours of presale. Axie Infinity peaked at a near-$10 billion market cap, and Floki is valued at $2.9 billion.

So if PlayDoge can catch these projects, the gains for presale investors would be outrageous.

The project’s early hype has also caught the attention of heavyweight crypto media outlets, including CryptoPotato, Watcher Guru, and Finbold.

But with its star power growing, those seeking to buy must act fast.

The current PlayDoge presale price is $0.005, but this will rise throughout the campaign. The next uptick will occur in three days or when the total raise hits $787K.

So don’t miss out. Follow PlayDoge on X or join its Telegram for the latest updates. Alternatively, visit its website to buy and stake tokens.

Latest Press

post-thumbnail
News
40 mins ago
Thailand in Talks with Ripple for Potential XRP Integration
Ripple acknowledges Thailand’s potential adoption of XRP in a letter to Thai authorities. Ripple p...
READ MORE
default post thumbnail
News
40 mins ago
XRP Bears In Control: Understanding the Sustained Bearish Sentiment
XRP price struggled to recover above the $0.4880 resistance zone. The price is moving lower and the ...
READ MORE
default post thumbnail
News
40 mins ago
Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market
Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish ...
READ MORE
default post thumbnail
News
40 mins ago
LBank Exchange Will List DED (DED) on June 24, 2024
Road Town, BVI, June 24th, 2024, Chainwire In a significant move for cryptocurrency and mobile techn...
READ MORE
default post thumbnail
News
40 mins ago
Bitcoin Price Takes a Plunge: Analyzing the Sudden Drop
Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,50...
READ MORE
default post thumbnail
News
40 mins ago
Top Analysts Predict When Altcoin Season Will Begin
Crypto enthusiasts and investors are eager to know when altcoin season will kick off. Top analysts o...
READ MORE
default post thumbnail
News
40 mins ago
Crypto on the Campaign Trail: Bitcoin and Blockchain Shapes the 2024 Presidential Race
As the 2024 US presidential election draws near, cryptocurrency has emerged as a surprising yet powe...
READ MORE
default post thumbnail
News
40 mins ago
Miners’ $2 Billion Sell-off Impacts Bitcoin Price, May Cause Second Negative Monthly Close
Bitcoin’s (BTC) price had rallied above $70,000 early this month amid a 19 consecutive inflow stre...
READ MORE
default post thumbnail
News
40 mins ago
Bitcoin Risk at Lowest Level Ever: Here’s Why
Once viewed as a speculative experiment, Bitcoin has matured into a secure and trusted digital asset...
READ MORE
post-thumbnail
News
40 mins ago
Dell Technologies CEO’s Bitcoin Tweets Ignite Crypto Community Speculation
Dell Technologies CEO Michael Dell has sparked a flurry of discussion and speculation within the cry...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started