It’s been a wild week in the crypto market, with prices crashing on fears of a recession and then whipsawing back upwards the next day. The whipsaw has been especially good to Notcoin, the tap-to-earn token built on TON Network. $NOT is up nearly 30% in the past 24 hours, erasing virtually all of its losses since last Monday.
While the move in Notcoin is exciting, it’s far from the only gaming token making headlines today. PlayDoge, a new play-to-earn game holding a red-hot presale, is on the verge of blowing through the $6 million milestone in its ICO.
Let’s dive deeper into the moves in the crypto gaming sector.
Notcoin Erases Losses with 30% Move, Leading TON Tokens Higher
Out of all large-cap cryptos, Notcoin has experienced among the biggest gains in the past 24 hours of trading. It’s leading the TON Network ecosystem higher by a wide margin—$TON is up just 8%, while gaming competitor JetTon Games is up 9% and meme coin Resistance Dog is up 24%.
$NOT’s upward pump came on massive trading volume of nearly $550 million, indicating a crush of demand as traders piled into the token. That’s more than double the token’s average volume of just over $200 million last week.
Volume has pulled back to $380 million, but $NOT still has a lot of upside potential left in it. The token is currently trading at $0.01245, down more than 25% from the price level it held for much of July. While price action in $NOT is highly volatile, momentum indicators suggest that the token could continue to push higher.
Notcoin also has a strong positive catalyst behind it: the project recently released a new platform, Notcoin Games, which enables other developers to build viral games for Telegram in partnership with Notcoin.
Not Games ⚡️
— Notcoin Ø (@thenotcoin) August 1, 2024
New platform, new adventure, new rules.
Today, we are opening another chapter of this phase: Not Games.
We know how to build great experiences, now we want other game builders to deliver their best to you, frens. pic.twitter.com/B1AsEnVwuJ
Notcoin could also benefit from continued delays in the Hamster Kombat token airdrop, a date for which hasn’t been announced yet. Hamster Kombat, another tap-to-earn game on Telegram, has attracted more than 300 million users, but many of those players could defect to Notcoin if the $HMSTR token doesn’t arrive soon.
Regardless, TON Network gaming tokens look like a strong bet in the current market. $TON itself is down just 30% from its all-time high, set in mid-June, indicating that this ecosystem has been hit much less hard by the recent bear trend than other major blockchains.
PlayDoge Raises $6M as Explosive Play-to-Earn Launch Approaches
Notcoin’s gains are indicative of the broader strength in the crypto gaming market, which is expected to be worth an incredible $615 billion by the end of the decade. A sizeable chunk of that future value could be driven by one new coin that’s holding its ICO right now: PlayDoge.
PlayDoge is a meme coin that’s building a play-to-earn game based on the companion pet format pioneered by Tamagotchi in the 1990s. This is a massively popular gaming style—Tamagotchi sold more than 82 million devices—and one that hasn’t yet been replicated in the crypto gaming space.
In PlayDoge, players take care of a virtual doge companion and earn $PLAY as their pet grows. They can redeem $PLAY tokens for in-game upgrades, increasing their future earnings potential. PlayDoge also offers more than 20 side adventures with $PLAY rewards, ensuring that the game remains engaging for players.
Only players who hold $PLAY tokens will qualify for play-to-earn rewards, which has driven a huge amount of demand for the PlayDoge presale. The presale is about to blow through the $6 million threshold, putting token sales far ahead of schedule.
PlayDoge’s unique combination of play-to-earn and meme attributes has also attracted attention from top crypto analysts, many of whom are very bullish on $PLAY. The Crypto Mark called it the best play-to-earn token in crypto and predicted it could rocket 100x or more after launch.
Right now, early investors can buy $PLAY at a discounted price of $0.00526 and stake their coins to earn 78% APY rewards.
However, traders, investors, and gamers who want to lock in $PLAY have to act fast—the next price increase is less than 24 hours away. Don’t miss this chance to get in early on what could be the biggest play-to-earn game in crypto since Notcoin launched.
