Traders are not wasting time returning to meme coins – the whole sector is thriving. And now, PlayDoge ($PLAY) is prevailing as one of the top contenders as its presale steams past $6 million.
As the stock market opened on Monday, prices nosedived due to macroeconomic headwinds. However, that all changed on Tuesday as prices began forming v-shaped recoveries. Yet no asset class is showing more strength than meme coins.
Currently, the joke token sector is leading crypto’s market recovery.
Among the top 500 cryptos by market cap, the seven best performers today are all meme coins.
Momentum is also evidenced on the presale circuit, with PlayDoge cruising past the $6 million total raised mark. And there are expectations that the meme coin sector’s growth will continue.
As the crypto markets sold off, institutions kept accumulating.
According to JP Morgan, retail investors liquidated over $1 billion of crypto assets in the selloff, while institutions accumulated over $14 billion. Institutions are well-equipped to forecast the market’s future direction, so their continued investments are a good sign.
As seen today, healthy market conditions enable meme coin prices to climb exponentially.
PlayDoge is a meme coin, but it’s no joke. The project is raising funds to build a Play-to-Earn (P2E) game that will launch on the App Store and Google Play Store.
It’s creating a remake of the iconic 1990s Tamagotchi game.
Tamagotchi was a handheld gaming device with a built-in pet companion game. Users would care for their virtual pet, making sure it was happy, healthy, and entertained.
The game was seriously addictive and had a real viral allure. Through its course, the game sold a staggering 82 million units.
Millions of these Tamagotchi players are now adults in their 30s with fond memories of the game.
And this is where PlayDoge comes in.
It brings that nostalgic 90s spirit while providing players with crypto rewards.
Imagine getting paid to relieve your childhood gaming experiences. It’s a no-brainer.
https://twitter.com/PlayDogeGame/status/1817194529839079500
Besides gaming rewards, PlayDoge is levelling up with a few key details.
First, it’s shifting from the original Tamagotchi device to smartphones. While keeping in tune with the on-the-go nature of handheld gaming, PlayDoge is much more accessible. Gamers worldwide can easily download it in seconds.
And the second big change is that PlayDoge swaps the Tamagotchi pet for a pet doge.
Meme coins are the talking point of retail investors, and PlayDoge wants in. By creating a meme coin with high-octane gaming and user rewards, PlayDoge is one of the most promising new cryptocurrencies.
https://twitter.com/PlayDogeGame/status/1818286195660476844
But as the presale advances, urgency is increasingly ramping up for those wishing to capitalize.
Those who buy $PLAY early are rewarded the most. The presale is rolling out under a multi-tiered pricing system. That means the price will incrementally rise over time, and the next increase will be in one day.
Simultaneously, the project offers staking rewards, but they will decrease as more tokens are staked. Currently, presale investors can secure a 78% APY. There’s no time to waste for those seeking the most value for money with PlayDoge.
Investors can buy $PLAY by visiting the PlayDoge website and choosing the amount they wish to invest. The presale accepts BNB, ETH, USDT, and bank card payments.
PlayDoge has received a smart contract audit from blockchain security firm Solid Proof. This audit reflects the project’s safety and negates the risk of rug pulls and scams.
Follow PlayDoge on X or join its Telegram to stay updated. Alternatively, visit its website to buy and stake tokens.
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