Crypto Experts Hoard New Coin Ahead of Exchange Listing

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Tim Hakki

Author

Tim Hakki

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Last updated:

August 9, 2024 01:47 EDT

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Crypto influencers are stockpiling a new play-to-earn (P2E) meme coin called PlayDoge ($PLAY) ahead of an exchange listing and a potential GameFi explosion thanks to its intriguing sales pitch: it’s an on-chain Tamagotchi remake starring the iconic doge.

Playdoge is already one of the year’s hottest presales. Having launched two months ago it has already raised over $6 million as investors bundle in to claim first-mover advantage before it hits the open market.

Nostalgic Play-to-Earn With PlayDoge’s $PLAY

The $PLAY token powers a retro-style game starring none other than the iconic Doge, a meme that has inspired six of today’s 10 biggest meme coins by market capitalization.

In the last 24 hours, the meme coin market has added 10.8% overnight to reach a sweltering combined market capitalization of $42.7 billion

This indicates a quick recovery from Monday’s catastrophic crypto crash, putting PlayDoge’s $PLAY in pole position for some heady gains after its presale season ends.

Those who’ve played Tamagotchi will know what to expect from the game. Unlike Tamagotchi, however, attentiveness towards the game’s virtual pet earns spendable benefits in the form of $PLAY tokens.

Several of the biggest YouTube crypto influencers, including Clinix Crypto, 99Bitcoins, ClayBro, and Matthew Perry, have all branded the token the biggest GameFi project in presale right now.

Those who want to get a headstart on the potentially explosive price movements after the game launches can join the ongoing presale, where investors can currently purchase $PLAY at a fixed price of $0.00527.

Given the token’s massive potential in the growing sector of GameFi, it could be the lowest price for the remainder of the year, or even the lowest price full stop.

When Playdoge launches and $PLAY hits the exchanges, word of mouth amongst gamers and crypto fans will likely send the token soaring potentially past Dogecoin’s current price of $0.1 and up to the revered dollar mark.

Rekindle Your Nineties Gaming Love With $PLAY

Fans of the 90s handheld digital pets will delight to see how PlayDoge offers strong incentives to relive childhood gaming memories by becoming attentive virtual pet owners again.

Players’ positive efforts towards caring for their Shiba Inus accumulates XP, which ranks them on the leaderboard system, allocating them bonus $PLAY tokens and exclusive rewards based on their scores.

And those that have bad memories of Tamagotchi the first time around need not fear: the difficulty curve on PlayDoge is a lot more forgiving. He’s a much more resilient pet than the Tamagotchis you probably remember.

Additionally, players can earn $PLAY passively through the game’s staking functionality. Presale staking participants can enjoy a generous APY of 77% on Ethereum and 69% on BNB Chain, according to the website.

The variation in APY between the Ethereum and BNB Chains is due to the staking contracts being different between the chains.

Is a Dogecoin Killer On The Horizon?

The PlayDoge app may still only be in development, but this multimillion dollar presale will propel it quickly through the next stages of the project roadmap. Once that’s complete, PlayDoge’s wide appeal could see him edging out Floki for a place among the “Big Five” Shiba Inu coins.

PlayDoge allocates a total of 50% of its 9.4 billion token supply, roughly 4.7 billion $PLAY tokens, to its presale, while 12%, or 1.128 billion tokens, are allocated to staking.

$PLAY’s home chain is Binance’s BNB Chain, which could significantly facilitate a potential Binance listing in the future, when PlayDoge comes to dominate the P2E sector.

Moreover, SolidProof audited Playdoge’s smart contract, giving prospective investors peace of mind about the project’s security.

Joining the presale is easy: connect your wallet and start purchasing $PLAY using BNB, ETH, or USDT. PlayDoge also offers the option to use credit cards.

To keep up up to date on the project, you can connect with the community via X and Telegram.

Visit the PlayDoge website and get in early.

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.