New Dog Meme Coin with P2E Elements PlayDoge Hits $5m in Explosive Presale
PlayDoge ($PLAY), a play-to-earn (P2E) meme coin, is off to a rocking start, bursting past the $5 million milestone in its presale.
Fundraising efforts started in late May with $200,000 in the bag in mere minutes, and 25x later, it’s evident that PlayDoge has the makings of the next top meme coin.
This surge in investor attention could catapult PlayDoge to rival the likes of Floki ($FLOKI) – or potentially even surpass it.
PlayDoge stands out because it combines two tremendously popular themes: meme coins and gaming, particularly 90s gaming. It allows users to own a virtual Shiba Inu dog, play with it, take care of it in Tamagotchi-style, and earn its native token $PLAY as a reward.
For those looking to get in early before the game launches, the presale is still ongoing, but the price is increasing day by day.
Currently priced at $0.0051, prospective investors can still secure their tokens at this low rate before it rises to $0.00512 in the next stage of the presale.
PlayDoge rakes in millions, dominating dog-themed coins
For the crypto-initiated, it’s no secret that meme coins have been killing it this year, collectively reaching a valuation of over $60 billion at one point.
Meme coins such as Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE) have seen massive gains since the beginning of the year with 32.19%, 63.22%, and 702.31%, respectively.
Also, Floki ($FLOKI) soared by 336.39%, while Dogwifhat ($WIF) is up by a whopping 550.80%.
However, over the past month, these tokens have generally been in the red, with the exception of $PEPE, which has seen a steady 29.3% increase – coincidentally, this is the only non-dog-themed coin in the top five.
So while the majority of the canine pack is doggone down, PlayDoge is busy cashing in millions.
This trend suggests that the market may be seeking a new canine-themed coin that offers more utility, and PlayDoge certainly fits the bill with its Tamagotchi-like gameplay with play-to-earn (P2E) elements.
This could explain why PlayDoge recently asserted its alpha dominance with a humorous post on X, as seen below:
PlayDoge is making Tamagotchi great again!
PlayDoge is bringing back Tamagotchi, a beloved 90s handheld game classic, and making it better!
PlayDoge is a big upgrade to Tamagotchi thanks to the addition of crypto functionality via its $PLAY token, which creates an in-game economy and stores value that is exchangeable in the broader crypto market.
Players earn $PLAY tokens as rewards for caring for their virtual Shiba Inu pets and playing mini-games within the forthcoming mobile app. Top players can also earn additional rewards by ranking on the game’s leaderboard.
But unlike the original Tamagotchi, players do not need to purchase a device to start playing, as the app will be available for free on the Google Play Store and App Store.
Notably, Tamagotchi was one of the first digital games to target girls, and it was released at a time when PlayStation consoles were starting to dominate the boys’ section of toy stores like Toys R Us.
The question is, could PlayDoge do the same for crypto and draw in more female users and investors?
The idea isn’t implausible. With its vibrant 8-bit interface, nostalgic appeal, and economic incentives, PlayDoge can be the new addictive contemporary crypto version of Tamagotchi.
The surge of interest in game remakes and classics – a huge market for PlayDoge
The retrogaming market is experiencing a surge, especially among millennial gamers who favor the classics they grew up playing.
In fact, according to a survey conducted by Express VPN, 79% of gamers still actively engage with retro games, which shows their penchant for nostalgic gaming experiences.
In addition to this enduring love for old games, the market for game remakes is also booming, with first-month digital console sales doubling from 2018 to 2020, reaching $8 million.
Game remakes and classics hold strong appeal among gamers, with last year even being dubbed the golden era of game remakes.
PlayDoge is well-positioned to capitalize on both markets, potentially enabling it to attract a tsunami of new crypto users.
This could establish PlayDoge as a clear leader in the P2E and meme coin scene, which could boost its price substantially.
Hence, ReadWrite categorizes it as one of the three dog coins with 100x potential, a sentiment echoed by Cryptonews on its YouTube channel:
Buy $PLAY at its presale price before the P2E meme coin gets listed on Binance
PlayDoge is built on the Binance Smart Chain, which puts it in the sights of the listing team at Binance, the world’s largest centralized exchange.
If $PLAY lands on a top-tier centralized exchange like Binance, its price could skyrocket due to the boost in liquidity in its trading pairs.
But now, time is running out, as the 4.7 billion tokens allocated for the presale are selling fast.
Meanwhile, investors are not just taking advantage of the low presale prices – they are also taking the opportunity to earn passive income through PlayDoge’s staking feature, which currently offers an impressive 134% APY.
So far, 119 million tokens have been staked, showing the appetite for long-term commitment to the project.
Also, for added peace of mind, investors can rest assured of the security of PlayDoge’s smart contract, which has undergone a full audit by SolidProof.
Participating in the presale is simple: just connect your wallet and purchase $PLAY tokens using BNB, ETH, or USDT. Bank cards are also accepted.
To remain updated on the latest news and developments around PlayDoge, join its community on X and Telegram.
As retrogaming explodes in popularity and meme coins continue to dominate crypto traders’ activities, there really is no better time for a companion game like PlayDoge. Buy early to avoid disappointment.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
