Is This New Dogecoin Competitor the Next Big Thing? Experts Think So

Author

Joel Frank

Author

Joel Frank

About Author

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Author Profile

Share

Copied

Last updated:

July 5, 2024 07:54 EDT

Why Trust Cryptonews

With over a decade of crypto coverage, Cryptonews delivers authoritative insights you can rely on. Our veteran team of journalists and analysts combines in-depth market knowledge with hands-on testing of blockchain technologies. We maintain strict editorial standards, ensuring factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Our longstanding presence in the industry and commitment to quality journalism make Cryptonews a trusted source in the dynamic world of digital assets. Read more about Cryptonews

Crypto experts are piling into a new play-to-earn meme coin called PlayDoge (PLAY) that could become a major Dogecoin competitor.

PlayDoge is a new Shiba Inu meme coin-themed spin on the classic Tamagotchi 90s game.

PlayDoge is currently available in presale, and investors have already poured in close to $5.4 million.

And numerous crypto analysts are coming out in support of the presale, which some think could be the next big thing.

Clinix Crypto is bullish, having already bought into the presale.

Fellow popular YouTube analyst Matthew Perry also secured a $500 bag.

Analysts at Cryptonews.com have also ranked it as one of their top meme coins, and best overall presales to invest in.

PlayDoge – Summer 2024’s Best Presale?

The play-to-earn crypto gaming sector is expected to experience massive growth in the years ahead.

So are meme coins, so a crypto that blends the two sectors like new Dogecoin competitor PlayDoge has a great shot of performing well.

PlayDoge players will feed, train and play with their very own Doges. These digital dog companions will live on the blockchain as NFTs.

Players will be able to navigate through a whirlwind of retro 2D games, earning PLAY as they go.

Indeed, PLAY will be at the heart of the PlayDoge game, which is scheduled for release soon.

At the current presale price of $0.00515, PLAY is valued at a modest under $50 million.

But this Dogecoin competitor, if it can significant traction and usership, could become a billion dollar crypto. That could mean potential gains of north of 10x for this crypto.

Potential investors need to move quickly if they want to get into PLAY at bargain prices.

That’s because when the presale hits $5.9 million, the price will jump.

Learn More About PLAY Here

Passive Income Gem?

Another reason why investors should consider getting into PLAY early is to benefit from its impressive staking yield.

Presale investors who stake their tokens are currently benefitting from a yield of over 100% APY.

12% of the total 9.4 billion token supply has been allocated to staking rewards. This should help reduce sell pressure when PLAY launches on DEXs.

Its no surprise then that DeFi degens have also been flocking to new Dogecoin competitor PlayDoge.

Crypto users can buy PLAY with BNB, ETH or USDT.

Buy PLAY Here