Just two weeks into its ICO, PlayDoge ($PLAY), a Play-to-Earn (P2E) meme coin, has already raised $3.6 million. Recently, the project expanded to a multi-chain model and announced Ethereum staking, adding to its existing staking options on the BNB Chain.
With this development, $PLAY tokens are now available on both Ethereum and BNB Chain, and users can bridge between the two. Despite this, BNB Chain will remain the primary network for the upcoming 8-bit P2E game ecosystem.
PlayDoge merges the iconic Doge meme, which has inspired six of the top ten meme coins by market cap, with the nostalgic 90s Tamagotchi game. This combination offers an engaging virtual gaming experience where players earn $PLAY tokens.
Investors eager for potential gains before the game’s launch can participate in the ongoing presale, with tokens currently priced at $0.00506 each. Only one day remains before the presale enters its eighth stage (of forty), where the price will increase to $0.00508, offering early investors a chance to lock in at the lowest possible price for the year.
The potential for $PLAY to soar once the game launches and the token hits the open market is significant.
Meme Coin and P2E Boom in Summer
The demand for meme coins is surging this summer. In April, CoinMarketCap recorded 138 new meme coin listings, and the total meme-based crypto market cap now stands at an impressive $63 billion.
These coins have provided substantial returns for holders. For example, Dogecoin ($DOGE) holders have seen a 142% increase over the past year, while Floki ($FLOKI) holders have experienced gains of 59% in the past month and a staggering 1,232% over the past year.
While short-term gains have slowed, PlayDoge’s P2E category remains hot. The global video game market is expected to reach $665 billion by 2033, with mobile P2E games contributing significantly. CoinGecko reports the Play-to-Earn gaming category reached a market cap of around $13 billion in June 2024.
PlayDoge: A Nostalgic and Rewarding Experience
PlayDoge is not just another meme coin; it’s a Web3 remake of the Tamagotchi game, using $PLAY as the in-game currency. Fans of 90s digital pets will enjoy the incentives to care for their virtual Shiba Inu, earning XP and $PLAY tokens through gameplay.
Players with the most XP will receive bonus tokens and exclusive rewards. The game features a more forgiving difficulty curve than the original Tamagotchi, making the virtual pet more resilient.
Staking is another way to earn $PLAY tokens, with early participants enjoying an APY of 327% on Ethereum and 92% on BNB Chain, though APY varies between chains and amounts staked.
This innovative blend of the Doge meme and Tamagotchi creates a vibrant gaming economy within the growing meme coin sector.
PlayDoge’s Unique Position in Meme Coins and P2E
PlayDoge is not just a meme coin; it also taps into the popular game remakes sector. Last year was termed the golden era of game remakes, with sales doubling from 2018 to 2020. Despite 2022’s crypto winter, the Web3 gaming and metaverse industry saw investments of around $2.9 billion, according to DappRadar.
These trends position PlayDoge’s monetized Tamagotchi remake at the intersection of game remakes, Play-to-Earn, and meme coins, attracting attention from influencers like 99Bitcoins and ClayBro.
Get Ahead with PlayDoge’s Presale
The PlayDoge app is currently in development, with a hot presale driving it forward. PlayDoge has allocated 50% of its 9.4 billion token supply (about 4.7 billion $PLAY tokens) to the presale, and 12% (1.128 billion tokens) to staking.
$PLAY’s home chain is BNB Chain, which could facilitate a potential Binance listing, boosting its valuation due to increased liquidity.
PlayDoge’s smart contract has been fully audited by SolidProof, ensuring project security for investors.
Joining the presale is simple: connect your wallet and purchase $PLAY using BNB, ETH, or USDT. Credit card purchases are also available.
Stay updated with the latest project news via X and Telegram. Visit the PlayDoge website to buy presale tokens now.
