The post Is This the Fastest Growing Crypto Presale? PlayDoge Raises $2.5M in Under 2 Weeks appeared first on Coinpedia Fintech News
PlayDoge ($PLAY) is a new Play-to-Earn (P2E) meme coin currently undergoing a presale.
With a doge mascot and a contemporary twist on the hit 1990s Tamagotchi game, PlayDoge is catching fire and has raised $2.5 million in under two weeks.
But not only is investment flooding in, but leading industry analysts are backing the project for spectacular returns.
Floki skyrocketed 1,000% this year, and PlayDoge could be next
For those who keep a close eye on the meme coin market, it is no secret that Floki is one of the top prospects.
With a $3 billion market cap, Floki is up 72% this month and over 1,000% this year. As such, the meme coin has outperformed most other large-caps, but there remains room for a 7x to catch the market leader, Dogecoin.
This illustrates a significantly bullish outlook but is not the only thing causing a stir.
In addition to its meme coin allure, the team is developing a P2E game called Valhalla, which has secured Floki the number two spot in CoinMarketCap’s gaming rankings.
This is similar to PlayDoge, which also spans the meme coin and P2E narratives.
And what’s more, CoinDesk recently reported that Floki is the biggest meme coin on BSC and that the recent price gains of BSC’s native coin, BNB, have amplified its price growth.
Analyst Kaleo described Floki as a “beta” to BNB, alluding that its price could mimic that of BNB, except with larger swings thanks to its smaller market cap.
Meanwhile, PlayDoge is also a BSC-native P2E meme coin, and since it is currently in its preliminary stages, this could offer beta exposure to Floki.
In other words, Floki’s growth could lead to even more significant gains for $PLAY.
Many leading analysts share this sentiment, with the renowned Crypto News YouTube channel speculating that PlayDoge could 100x after its initial exchange offering (IEO).
But besides bullish market conditions, PlayDoge’s compelling use case is another factor that is turning heads.
PlayDoge’s P2E game blends modern and nostalgic to draw a big crowd
PlayDoge’s P2E take on the hit 1990s Tamagotchi game has sent shockwaves around the market.
Tamagotchi is a handheld gaming device on which users would care for their Tamagotchi pet. It became a cultural icon in the 90s, selling over 82 million units, and remains fondly remembered worldwide.
Crypto Wire dubbed PlayDoge the “best P2E doge companion game,” and prominent media outlets, including CryptoPotato, WatcherGuru, and Bitcoin.com, have covered it.
But what is causing all this hype?
Ultimately, it is the game’s blend of fun, nostalgic appeal, and crypto incentives.
Users care for their own 8-bit pet doge, ensuring it is fed, rested, and entertained.
Alongside completing mini-games, engaging with their pets will earn them XP, helping them climb up the game’s leaderboard – and doing so will earn them more $PLAY rewards.
While creating a nostalgic appeal to those reminiscent of the original Tamagotchi, PlayDoge also appeals to users interested in digital currency and P2E gaming.
What’s more, the token will also pique the interest of speculative traders who are looking to profit from a utility-based meme coin.
So, considering its wide addressable market, the future looks bright for PlayDoge.
But adding to the bullish outlook, PlayDoge players must hold $PLAY to receive crypto rewards. This means the token’s demand will grow alongside the platform’s popularity.
Users can cash out their $PLAY tokens for other cryptocurrencies, make in-game purchases, or stake them.
A 122% APY is currently available for stakers, but this will gradually decrease as more tokens are staked.
At the same time, the PlayDoge presale price will increase throughout the campaign.
Investors can currently buy $PLAY for $0.00503, but this is set to increase when the total raise hits $2.55 million.
So don’t miss the current low price and high staking rewards. Follow PlayDoge on X or join its Telegram for the latest updates. Visit its website at playdoge.io to buy and stake tokens.
