The post New P2E Token Raises $6M in Viral Presale – Will PlayDoge Explode? appeared first on Coinpedia Fintech News
PlayDoge ($PLAY) is surging ahead in its presale, having successfully raised over $6 million. The project pays homage to the top meme coin, Dogecoin, but it’s gaining traction for a whole different reason: Play-to-Earn (P2E) gaming.
The sector is on fire, and PlayDoge’s presale allows investors to invest in a promising contender early.
P2E gaming has millions of users, and PlayDoge could add millions more
The P2E sector is on fire.
Leading the way are Toncoin-based Hamster Kombat and Notcoin.
Hamster Kombat boasts a staggering 300 million users, all hungry to earn crypto rewards for playing an addictive game.
While Hamster Kombat has yet to launch its token, its fellow Toncoin-based peer, Notcoin, has attracted at least 40 million users, and its token (NOT) boasts a $1.1 billion market cap.
These staggering metrics clearly illustrate that P2E gaming is becoming crypto’s most powerful use case.
According to CoinMarketCap data, the P2E market currently has a valuation just north of $7 billion.
Indeed, that’s a lot of value, but it’s a drop in the ocean compared to the industry’s total $2.08 trillion market cap. Especially given that it could unlock crypto mass adoption.
But amidst the P2E enigma, PlayDoge is creating its own success story.
While embracing a memetic allure through homage to Dogecoin, PlayDoge is also based on a viral game from the 90s, Tamagotchi.
This combination could make PlayDoge one of the most contagious and fast-growing P2E numbers.
PlayDoge is a retrofitted amagotchi reboot with crypto rewards
Back in the 90s, before “going viral” was a thing, a handheld pet companion game took the world by storm.
It was a glimpse into the future.
Teenagers were hooked on these devices, tapping away in an endless stream of excitement.
Indeed, the game in question was Tamagotchi.
It sold 82 million copies throughout its course, and today, there are a lot of millennials with fond memories of their adolescent gaming experiences.
Tamagotchi was created in Japan and featured cute pixelated graphics. Players would care for a virtual pet, ensuring it was happy, healthy, and entertained.
If the pet ran away or died, the game would restart.
It was an addictive concept, and players kept coming back for more.
PlayDoge rekindles that excitement with a new P2E version.
Imagine reliving your childhood gaming experiences while getting paid for doing so.
Talk about a no-brainer.
So it’s no wonder the PlayDoge presale has exploded.
In addition to raising $6 million, the presale has been inundated with bullish predictions from leading analysts.
PlayDoge can 10x, but traders are getting rich with staking rewards
Traders are not waiting for the presale end to profit from PlayDoge.
Currently available at a fixed price, there’s still time for investors to buy ahead of a potential price rally.
Popular trader Jacob Bury thinks PlayDoge could 10x after the presale.
He speculates the broader crypto market will perform well throughout the remainder of 2024, laying the way for PlayDoge to surge.
“I think we’re going to see prices increase in September, October, November, December.”
However, Bury also underscored that PlayDoge offers traders an additional way to earn crypto through staking.
The staking feature is live and currently offers a 76% APY. That’s roughly ten times what you’d get by staking ETH or SOL.
Other prominent analysts, including ClayBro and Crypto Gains, have also backed the project for success.
All of this makes PlayDoge one of the top cryptocurrencies to watch.
While robust fundamentals underpin PlayDoge, its meme coin allure and analyst support provide viral potential.
How far this could take is anyone’s guess.
But the price will gradually rise throughout the presale, so don’t be late.
Follow PlayDoge on X or join its Telegram for the latest updates. Alternatively, visit its website to buy and stake tokens.