The meme coin market might have a new dog-themed sensation.
PlayDoge (PLAY), the Tamagotchi-inspired P2E project, has just blown past $6 million in its presale phase.
And now, one top crypto analyst predicts it will 10x once it hits the open market.
Nostalgia Meets Blockchain with PlayDoge’s P2E Game
PlayDoge is drawing attention by mixing nostalgia with blockchain tech.
Put simply, It’s a mobile game that revives the beloved Tamagotchi concept for the digital age.
The premise is straightforward.
Users adopt a virtual Doge, caring for it much like the virtual pets of the ‘90s.
But there’s a twist – every interaction has the potential to earn PLAY, PlayDoge’s native token.
It’s essentially like having a Tamagotchi that pays you.
Beyond basic pet care, the PlayDoge app features 8-bit mini-games and a monthly leaderboard that ranks the best “pet parents.”
There’s even a staking protocol for PLAY tokens.
Right now, PLAY stakers can lock up their tokens and generate estimated annual yields of 77%.
More than 244 million PLAY have been locked up already.
So, while PlayDoge’s concept seems simple, it’s been resonating with investors.
The project’s Telegram channel already has over 13,400 members, all before the P2E game has officially launched.
PlayDoge also has over 9,200 followers on Twitter.
PlayDoge Presale Hits $6M as Analysts Predict 10x Gains
PlayDoge’s presale is on fire, passing the $6 million milestone over the weekend.
Right now, investors can snag PLAY tokens for $0.00528 each, but that price will only be available for another 24 hours.
There’s no hard cap or end date for the presale, so it’s anyone’s guess how much money could be raised before PLAY hits the open market.
Crypto analyst ClayBro is all over the project.
He’s not just optimistic – he believes PLAY could 10x in price after it lists on DEXs.
ClayBro pointed to PlayDoge’s P2E game and retro theme as two key reasons he thinks PLAY will be in high demand.
And he’s not alone in his optimism.
Fellow analyst Cilinix Crypto also released a video about PlayDoge.
In this video, Cilinix Crypto discussed his “strategy to profit,” which included buying at the earliest stage of the presale possible.
These two endorsements have really gotten investors excited about PlayDoge.
It seems like everyone’s jumping on board – hoping PLAY will be the next meme coin to take off,
Meme Coins & P2E Mechanics – Is PlayDoge the Perfect Combo?
The meme coin market has been on a tear in the past week.
Almost all major coins have posted double-digit gains.
The market’s total value is almost back at $40 billion – an impressive feat considering the crash that occurred just eight days ago.
Meanwhile, the P2E scene is also heating up.
Big names like Notcoin and Axie Infinity are pulling in some serious numbers, with the P2E market racking up $750 million in trading volume over the past day.
The fact that these two sectors are so bullish is excellent news for PlayDoge.
However, only Floki has managed to post some above-average gains by mixing meme vibes with P2E mechanics in 2024.
This means there’s a huge opportunity for PlayDoge to step in and fill that gap.
Right now, there’s no other meme coin project with a retro vibe that gives you different ways to earn crypto rewards.
So, if the development team keeps their promises, PlayDoge could be set for success.
Because of that, all eyes are on PLAY this week to see if it can reach yet another presale milestone.