PlayDoge ICO token presale nears $6 million as retro game ignites meme coin frenzy The play-to-earn coin has gained popularity due to its unique combination of gaming mechanics and staking rewards. It is set to launch soon, with significant community interest and optimistic predictions from influencers
A downtrend has gripped the crypto market again.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
ET Guide to ITR
Which ITR form salaried taxpayer should use
What is the penalty for filing ITR after the July 31 deadline
ITR filing: Claim these 4 deductions to reduce your tax outgo
Analysts are optimistic about another bull cycle in August, but most cryptocurrencies are descending the charts now.
Strategic investors are using this time to secure underrated tokens at low prices. A trending crypto that has caught their eye is PlayDoge ($PLAY).
The Tamagotchi-inspired meme coin is going viral. It just soared to almost $6 million milestone in its trending crypto presale.
https://x.com/PlayDogeGame/status/1816111867942625550
$PLAY - Next meme coin to explode?
Why is PlayDoge drawing traction when most meme coins struggle to hold their ground?Being in the presale stage, PlayDoge is immune to the current downturn. The rapid progress of the presale shows that it is likely to sell out ahead of schedule.
If that’s the case, the $PLAY token launch will align with the next crypto bull cycle, which is expected to gain strength toward the second half of August.
Tapping into the volatile meme coin craze, $PLAY could climb up the charts with multifold gains.
However, why PlayDoge amid a crowd of new presale tokens? What’s the appeal of this new meme coin when already there are hundreds?
Take a look at PlayDoge’s unique theme.
Spotlight WireAs the name indicates, PlayDoge is a meme coin and a play-to-earn coin. Here, the meme coin is used as the payment and reward crypto of a video game.A cryptocurrency that solely relies on hype doesn’t have long-term potential.
To stand the test of time, utility and purpose are important. Projects like Dogecoin and Pepe have challenged this notion.
A meme coin backed by a use case, on the other hand, unlocks organic demand. The utility gives it long-term relevance.
In PlayDoge’s case, the utility is gaming. It has gone viral before launch, thanks to its unique theme that combines the iconic Tamagotchi trend of the 90s with the beloved Doge meme.
The thrill of the retro game
PlayDoge has struck a chord with the audience in a short time.So its rapid progress near the $6 million milestone doesn’t come as a surprise. Neither does the swelling community, which has over 13,000 members on Telegram and close to 7000 followers on Twitter.
Top crypto Influencers and publications have also been sharing optimistic outlooks for the meme coin. For example, popular YouTuber Jacob Crypto Bury with over 41k subscribers, describes $PLAY as a potential 10X meme coin.
The project’s primary appeal lies in its gaming mechanics. The virtual pet Doge game introduces a unique play-to-earn model with various 2D adventures set in an 8-bit universe.
Players should feed, train, and care for their virtual pets. If they keep their pets happy and healthy, they earn rewards. By joining mini-adventures, players can climb to the top of the leaderboards and earn more $PLAY tokens.
Spotlight WireThe built-in staking protocol boosts reward potential for players and investors. The staking APY is currently 80%. It is much higher than the industry standard but will decline as the presale moves to the next stages to encourage early investments.
After the launch, PlayDoge will be available for Android and iOS users through the Google Play Store and the App Store.
How high can $PLAY pump?
$PLAY is not designed to be a pump-and-dump coin.However, the clever meme coin packaging has helped it earn the spotlight right from the beginning. The meme coin market is known for its volatile price actions. If the presale FOMO is any sign, $PLAY is moving toward a wild pump on its debut launch.
The residue FOMO from the presale sets the stage for a turbocharged DEX listing.
Meme coin pumps are inevitably followed by price corrections.
This is where PlayDoge stands apart from the crowd. Although it is not completely immune to downtrends, it shows resilience.
For example, the staking system will play a key role in mitigating early sell-offs. The high staking rewards compel investors to hold on to their tokens even when the market is crashing. The accumulating rewards offset the risk from the downturn to a great extent.
The next, as discussed above, is the play-to-earn game. From the utility perspective, PlayDoge is comparable to projects like Floki Inu, which do not conform to the conventional rules of being a ‘purposeless’ meme coin.
Spotlight WireFloki Inu one-year price history, source: CoinMarketCapPlayDoge has the potential to attract millions of gamers and investors in the coming years.Presale window closes soon
There is not much time left to join the $PLAY presale.After the presale sell-out, investors will have to buy $PLAY from crypto exchanges. Judging by the presale FOMO and the expanding community, the price tag will prove hefty after its debut listing.
The token has completed an extensive security audit by Solidproof.
Join the official $PLAY presale
Disclaimer: The above content is non-editorial, and TIL (Times Internet Limited) hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not provide investment advisory services in any manner and the publication of this content does not mean TIL's or Economic Times endorsement. TIL strongly recommends the users to take all steps necessary to ascertain that any information and content provided is correct, updated and verified and/or speak with a qualified investment professional before making any investment decisions.
#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
This story originally appeared on: India Times - Author:Faqs of Insurances
