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PlayDoge closes its $6.3M presale in the final 24 hours before launch.
One of the most anticipated crypto launches on the year is now upon us. PlayDoge (PLAY) is a hybrid cryptocurrency that blends the viral allure of joke tokens with the value-based dynamics of Play-to-Earn gaming.
The project is undergoing a presale, but it’s now in the final 24 hours after raising $6.3 million. On 29 August, PlayDoge will launch on exchanges. As such, this could be the last chance to buy at a fixed price.
This analyst suggests PlayDoge can 10x after launching on exchanges
With the exchange listing within arms reach, speculation is brewing about how far PLAY can go. Jacob Bury reckons it can 10x in value.
In addition to praising its use case, Bury also speculated that the broader crypto market will “really pump again in Autumn and Q4.”
This is crucial, because PlayDoge will be in its infancy, just a small dose of liquidity could move its price significantly. Should market conditions be bullish, the result could be parabolic gains for PLAY.
Meanwhile, the prestigious Cryptonews YouTube channel says PlayDoge is “going to explode.”
PlayDoge’s Tamagotchi reboot is a billion-dollar idea
Tamagotchi, the game that PlayDoge reimagines, sold over 82 million copies through its course. Its founding company, Bandai, currently stands at a $12 billion market cap.
Bandai is a Japanese toymaker, and Tamagotchi was one of its most successful creations. It’s no surprise, though – Tamagotchi is an ingenious concept.
They got the idea when one of the founders heard about a boy who couldn’t take his pet turtle on holiday. And so they created a pet companion game you could take anywhere.
But the PlayDoge concept is even more striking. Imagine getting paid to play Tamagotchi on the phone. For those that remember Tamagotchi, PlayDoge’s concept will ring a bell:
Care for a pet doge, ensuring it is happy and healthy so it doesn’t run away or die.
And while the original Tamagotchi launched on its own in-house gaming device, PlayDoge will launch on the App Store and Google Play Store. This unlocks access for billions of people worldwide.
That might seem ambitious, but some P2E games are already taking a crack at such numbers. Hamster Kombat has garnered over 200 million users in just a couple of months.
And it’s built on a simplistic “tap-to-earn” concept, where users would tap an image of a cute hamster to rack up XP and open imaginary businesses.
But what happens when you merge the allure of P2E with a game over 80 million people already love? That’s what PlayDoge is finding out.
PlayDoge eyes centralized exchange listings after the initial launch
PlayDoge has released a sneak peek into its life after presale. It starts with getting the token up and running on decentralized exchanges (DEXs).
PlayDoge is a BSC token and is also available on Ethereum. We’ll likely see the token available on PancakeSwap and Uniswap. Launching on DEXs opens PlayDoge to the broader market.
It will be the first time many people hear about it, which could result in an initial boost. But the team will keep that momentum running.
In the next roadmap phase (phase 3), PlayDoge will look to launch on centralized exchanges and run a marketing push.
Launching on centralized exchanges will open the floodgates to new investors who could not buy the presale or invest on decentralized exchanges, significantly bolstering its potential for capital gains.
Phase 3 of the roadmap will also see the PlayDoge product come to fruition. And in the final phase, the team aims for additional centralized exchange listings.
To make this all happen, PlayDoge has allocated 11.5% of tokens to liquidity, 10% to marketing, and 10% to project funds.
Another 50% were earmarked for the presale, 6.5% for community rewards, and 12% for staking.
PlayDoge might be a memecoin, but it’s no joke. They’ve meticulously crafted everything from the underpinning utility to tokenomics and future plans. And now it’s all coming to a head with the exchange listing 24 hours away.
For more information, visit the PlayDoge Presale website.
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This article first appeared at crypto.news
