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Dogecoin is set for a big 2024 price boost with market recovery and community support. Meanwhile, PlayDoge raises $5.8M in presale, blending 90s Tamagotchi with play-to-earn gaming.
Dogecoin, one of the most popular memecoins, is forecasted to see a significant price increase in 2024 thanks to several factors, including market recovery and community support.
Meanwhile, a new competitor, PlayDoge (PLAY), has raised $5.8 million in its presale. This new Doge-themed memecoin brings the Tamagotchi-style game of the 90s into everyone’s pocket via play-to-earn mobile game.
Dogecoin’s predicted rise
Dogecoin (DOGE), launched in 2013 as a joke cryptocurrency, has grown to become one of the most recognized names in the crypto world and the largest memecoin with a market cap of $18 billion.
Known for its Shiba Inu mascot and the support of high-profile figures like Elon Musk, Dogecoin has experienced significant volatility over the years. Currently, Dogecoin is trading at around $0.12, far below its all-time high of $0.73 in May 2021.
Despite that, some crypto analysts believe that DOGE could trade as high as $0.27 by the end of 2024, making 125% gains from the current price.
Some crypto experts and Dogecoin investors have speculated that Elon Musk will integrate DOGE in some form or another on his X (Twitter) platform. Even US presidential candidate Donald Trump has raised $3 million in crypto donations, including Dogecoin.
On top of that, the community is still strong as their developers continue building tools to allow businesses to integrate Dogecoin into their tech stack and offer clients and customers to pay for goods and services in DOGE.
Another factor that could positively affect Dogecoin’s price is the ongoing market recovery after the Bitcoin halving and Bitcoin and Ethereum spot ETFs approval by the Securities and Exchange Commission (SEC).
With Dogecoin heading to new highs this year and the memecoin meta returning, many Doge-themed memecoins stand to benefit. And that includes the latest meme coin and play-to-earn sensation PlayDoge.
PlayDoge sells at discounted price as presale approaches $6 million
While Dogecoin is gearing up to rise this year, PlayDoge, a new entrant in the memecoin space, has already made waves with a successful presale. By raising $5.8 million in its presale so far, it has demonstrated strong investor interest and confidence in the project.
Unlike many memecoins that lack utility, PlayDoge is a play-to-earn (P2E) game that combines blockchain technology with gaming. In this case, the game will use Doge pets in the Tamagotchi style of the 90s.
This will allow players to care for their virtual pets, ensuring they are fed and happy. There will also be daily quests that players can complete. All of this will earn the player PLAY tokens. But if the player fails to care for their pet, it could leave.
PlayDoge’s unique approach not only provides entertainment value but also financial incentives, making it an attractive option for gamers and crypto enthusiasts alike.
As of June 2023, over 91 million units of the original Tamagotchi devices have been sold worldwide. With PlayDoge using a mobile game on top of the Tamagotchi appeal, $PLAY has an enormous potential to explode in 2024.
Crypto experts from 99Bitcoins believe PlayDoge could 10x after the presale ends.
But before the game launches, early investors can hop on the bandwagon while the token is sold at a discount during the PlayDoge presale. Every few days, the PLAY token price is expected to go up during the presale, giving early birds the best price.
The PLAY token will have utility within the game. For example, holding PLAY will unlock features like the Leaderboard where players can compete for bonus PLAY token rewards and other prizes.
Tokenomics and future plans
The tokenomics of PLAY are designed to ensure a stable and sustainable economy within the game. There is a total of 9.4 billion tokens and half of them are allocated for the presale. Staking rewards get 12% to incentivize locking up tokens during the presale and lower the selling pressure after the presale ends.
All the remaining tokens are allocated for community rewards, project funds, marketing, and exchange liquidity.
The PlayDoge team has created a four-phase roadmap where the first phase includes the start of the presale and a smart contract audit by SolidProof.
The second phase consists of the game being built along with the presale end and the PLAY token launching on decentralized exchanges like Uniswap.
Phases three and four consist of the PlayDoge app release with community airdrops and centralized exchange listing. Given how PlayDoge is being built on the Binance blockchain, this could help the token list on Binance sometime in the future, with potential for it to enjoy the “BInance Effect” — an average 41% price jump after listing.
PLAY staking rewards
While the presale lasts, investors can lock their PLAY tokens to earn staking rewards. Purchases made on both Ethereum and Binance blockchains are eligible for the rewards, but the annual percentage yield is different.
Staking on ETH has over 82% APY, while on BNB the APY is at 70% at the moment.
On top of that, there are frequent meme competitions on the PlayDoge X account. Competitors can win up to $75 USDT simply by creating a PlayDoge meme and sharing it on X.
As PlayDoge continues to develop and expand, it is set to become a major player in the crypto gaming world, offering exciting opportunities for both gamers and investors.
For more information, visit the PlayDoge presale website, and follow the project on X or Telegram to get the latest updates.
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This article first appeared at crypto.news
