PlayDoge, a meme coin with a Play-to-Earn gaming twist, raises $5.7 million in its presale amid a broader crypto market recovery.
PlayDoge ($PLAY) continued its successful presale, raising over $5.7 million. This meme coin, which incorporates a Web3 gaming twist, is rapidly approaching the $6 million mark. Investors are drawn to PlayDoge's unique concept, which reimagines the beloved 90s Tamagotchi game with a cryptocurrency twist.
PlayDoge features a playable Shiba Inu character, appealing to the Shiba Inu-loving crypto community. This strong community support has resulted in a significant influx of capital during the presale, which has been ongoing for nearly two months. The token is currently priced at a discounted rate of $0.00519, but it is expected to rise to $0.00520 within hours as it consistently meets and surpasses presale targets.
The broader cryptocurrency market has seen a resurgence, adding approximately $270 billion in the past week, bringing the total market capitalization to $2.41 trillion. This recovery followed a significant rebound from the failed assassination plot on Donald Trump. Bitcoin has also rebounded strongly, hovering around $65,000 and nearing $66,000, with Bitcoin ETFs seeing a $300 million inflow on Monday.
This market surge has positively impacted the meme coin sector. Pepe Coin ($PEPE) has seen a 40% increase over the past week, while other meme coins such as Dogecoin ($DOGE), Shiba Inu ($SHIB), DogWifHat ($WIF), and Bonk ($BONK) have also experienced gains of 14.91%, 16.75%, 29.36%, and 7.85%, respectively.
BUY $PLAY NOW AND EMBRACE THE 90s NOSTALGIA
PlayDoge stands out not only as a meme coin but also as a Play-to-Earn (P2E) token. It integrates utilities within its upcoming mobile game, which will be available on Google Play and the Apple App Store. The presale has raised nearly $6 million without major venture capital funds, relying instead on strong retail investor support. This is in contrast to recent reports of significant purchases of Pepe Coin, which have also boosted its value.
Web3 gaming remains a pivotal catalyst for crypto adoption. Prominent game developers like Ubisoft are leading the way by introducing new games with crypto elements. Ubisoft recently launched Champion Tactics, its first original Web3 game featuring NFTs, utilizing HOME Verse and Twentysix Cloud for its Web3 infrastructure.
Similarly, PlayDoge's approach integrates crypto features into a game that resonates with many who grew up playing Tamagotchi in the 90s. The game features a virtual Shiba Inu pet that players can care for, earning $PLAY tokens as rewards. This combination of nostalgia and modern technology holds promise for attracting a broad user base.
PlayDoge also aims to address the gender disparity in crypto ownership. Current data from the US reveals that 74% of crypto owners are male. By appealing to a demographic that once embraced Tamagotchi, PlayDoge has the potential to attract more female users to the crypto space.
The presale success has seen 220 million $PLAY tokens locked in the project’s verified Web3Payments staking contract, equivalent to $1.1 million, offering an 85% annual percentage yield (APY).
INVEST IN $PLAY EARLY BEFORE IT BECOMES NEXT 100X CRYPTO
Investors looking to participate in PlayDoge can purchase $PLAY tokens through the PlayDoge website, using BNB, ETH, or USDT, with bank cards also accepted. The smart contract for PlayDoge has undergone a full audit by SolidProof, revealing no critical issues in its code.
For the latest updates, investors are encouraged to follow PlayDoge on X (Twitter) and Telegram. The upcoming launch of this crypto-powered Tamagotchi-like game presents an exciting opportunity for both nostalgic gamers and crypto enthusiasts.
