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PlayDoge makes headlines after raising over $6 million through its ongoing presale.
After a recent down period, the crypto market is back on the up.
BSC memecoin season is taking off, and Elon Musk has just soft-shilled Dogecoin to the White House.
Meanwhile, another dog-themed memecoin called PlayDoge has been making news after raising over $6 million through its ongoing presale.
But right now, the race is on for potential PLAY investors because the ICO ends in three days. It will then launch on exchanges, and many analysts are forecasting big gains.
PlayDoge: the crossbreed Tamagotchi-memecoin with crypto rewards
Inspired by the iconic 1990s game Tamagotchi, PlayDoge is a Play-to-Earn pet companion game that sprinkles in a meme coin flavor.
Tamagotchi quickly became a worldwide sensation after launching in 1996, selling over 82 million units to teenagers worldwide.
The concept was simple: look after your virtual Tamagotchi pet, ensuring it doesn’t run away or die.
Everyone loved it, and it’s even making a comeback today, with millennials seeking out nostalgic comforts.
PlayDoge understands the resurgence and is one-upping Tamagotchi: They’re creating a memecoin-based alternative that pays people to play.
It’s a no-brainer for Tamagotchi fans.
PlayDoge users will look after a pet doge, ensuring it is happy, healthy, and entertained.
They’ll earn XP points for their performance, which pushes them up the project’s in-house leaderboard. The higher they go, the more PLAY they earn.
While the original Tamagotchi was hosted on the brand’s in-house gaming devices, PlayDoge will be available to download on the App Store and Google Play Store, opening the floodgates to mass adoption. This use case is certainly interesting.
With a memecoin allure, inherent utility, and relation to a culturally defining 90s-era game, PlayDoge ticks all the boxes. So it’s no wonder investors and analysts are all in.
It’s off to an explosive start, having raised $6.1 million at presale. And leading trader ClayBro said it “could be the next major P2E.”
He noted the importance of PLAY’s utility in all of this. Not only is it used for receiving rewards, but it will also power the entire PlayDoge ecosystem.
Users can make in-game purchases, cash their tokens out for other cryptocurrencies, or stake them. The staking feature is live and currently provides a 74% APY.
CZ released from prison, DOGE to the Whitehouse – how bullish is this for PLAY?
Several unlikely catalysts are alining that could supercharge PlayDoge’s growth.
With the presale ending in three days, investors must watch market dynamics closely, since they’ll affect PLAY’s exchange launch performance.
And right now, everything is in favor of a successful debut.
PlayDoge is a Binance Smart Chain-native token. This means it’s tied to the performance of the broader BSC ecosystem.
That’s good news.
Binance’s founder “CZ” has just been released from prison and will now be placed in a “halfway house” until September, when he will have a full release.
At the same time, BSC is experiencing memecoin season. A new memecoin trading platform has launched, and FOUR has risen 2x in the past 48 hours.
Meanwhile, BNB is soaring ahead, up 11% in the past week, well outpacing its large-cap peers. But guess what else is thriving? Dogecoin.
It’s up 5% this week after Donald Trump said he’d hire Elon Musk for a White House position, and Musk responded with a Dogecoin meme.
Again, this is great for PlayDoge. With pet doges at the center of the PlayDoge universe, a strong Dogecoin price could give PLAY a huge boost.
As traders rotate profits into related tokens, PlayDoge could be high on their list. Overall, the timing could not be better for PLAY to launch.
So it might be the last opportunity to buy at its presale price of $0.00531. Once it hits exchanges, there’s every chance it takes flight.
For more information, visit the PlayDoge Presale website or join the community on X or Telegram.
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This article first appeared at crypto.news
