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Last updated:
August 8, 2024 00:11 EDT
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Joel Frank
Author
Joel Frank
About Author
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology…
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Last updated:
August 8, 2024 00:11 EDT
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Thursday 08 August 2024 – PlayDoge ($PLAY) has raised over $6 million in its presale despite this week’s tumultuous trading.The meme coin with P2E elements, thanks to its upcoming launch of a crypto revamp version of Tamagotchi, is shaping up to be the meme coin that investors might regret missing out on. It’s reminiscent of 2019 when Dogecoin ($DOGE) skyrocketed from $0.003 to its current price of $0.10 – an astonishing 3,233% gain. That would have turned a $1,000 investment into $33,330, all sparked by an Elon Musk tweet five years ago.PlayDoge, boasting way more utility than $DOGE and featuring a game where you can own a virtual Shiba Inu pet right on your mobile, is shaping up to be the next big thing. It’s the kind of gem that could sneak under Musk’s radar and become his new favorite token, potentially outshining $ DOGE’s epic run.So, if you want in before the buzz hits, PlayDoge’s native token, $PLAY, is still available at its presale price of $0.00527. But hurry – the price will tick up again to $0.00528 as the current presale stage wraps up in less than 48 hours.The meme coin supercycle isn’t dead and is just startingFormer Goldman Sachs analyst Murad Mahmudov believes that the earlier surge this year was just the beginning of a profitable cycle.Indeed, the market has been in the red this week, largely due to the massive liquidations that took place on “Black Monday”, which were likely sparked by recession fears from the previous week.Yet still, Mahmudov urges investors to buy meme coins despite the volatility, noting that historically, these are the times when meme coins tend to surge in value.Furthermore, supporting the notion that the meme coin supercycle isn’t over, data from Santiment shows that Bitcoin whale transactions have surged to their highest levels since early April. Whales or wallets holding between 10 and 1,000 BTC have seized the opportunity to buy the dip while Bitcoin was trading below $50,000.
🐳 August 5th and 6th saw the highest level of Bitcoin whale transactions since the first week of April. According to the total holdings of wallets with 10 to 1,000 BTC, they rapidly accumulated on the price dip that saw crypto’s top asset fall below $50K. pic.twitter.com/wLG33tIV2k— Santiment (@santimentfeed) August 7, 2024
This suggests that the downturn is merely a bump in the road, and as Bitcoin rebounds, the meme coin sector is likely to experience another wave of growth, similar to the gains seen earlier this year with new entrants like $PEPE and DogWifHat ($WIF) making headlines.Investors are on the lookout for the next big opportunity – something that could ride to the moon, much like Dogecoin did with the boost from Elon.And that something appears to be PlayDoge.PlayDoge is an all-weather token capable of doing well in both bull and bear marketsPlayDoge has all the makings of a standout meme coin. It’s vibrant and brimming with playful energy (just check out the Elon Musk-as-Jesus meme holding PlayDoge post). Its social media presence is lively, engaging, and brimming with memetic appeal and viral potential, which has helped it build a substantial following over just a few months.But what truly sets PlayDoge apart in the crypto space is its innovative approach to making Doge ownership more personal. The upcoming mobile game, reminiscent of the beloved Tamagotchi from the ’90s, allows users to adopt and care for a virtual Shiba Inu. Players can train, feed, and play with their digital pets in the 8-bit world of PlayDoge, all while earning the native token, $PLAY.Unlike Tamagotchi, which was purely about the fun of virtual pet care, PlayDoge adds a financial twist. The addictive nature of the game is complemented by real-world rewards, providing players with tangible incentives to stay engaged.This dual functionality gives $PLAY significant utility. It can be used both within the game and in the broader market – something that Dogecoin lacks, being solely a meme coin.Historically, play-to-earn (P2E) coins have acted as a bulwark against market downturns, and PlayDoge is positioned to do just that. By combining meme coin charm with P2E benefits, PlayDoge is poised to thrive in both bull and bear markets.This is why popular crypto YouTuber Jacob Crypto Bury believes PlayDoge has the potential for a 10x gain.
Best Play to Earn Token to Buy Now?! Can This Crypto 10X Your Money?! $PLAYDOGE – YouTubeTo participate in the presale while it’s still active, visit the PlayDoge website, connect your wallet, and buy tokens using BNB, USDT, ETH, or a bank card.Rest assured, PlayDoge’s smart contract has undergone a full audit conducted by SolidProof, ensuring prospective investors that its code meets the utmost standards.Stay updated with PlayDoge’s latest developments by joining its community on X and Telegram.Buy $PLAY now.
