The new play-to-earn meme coin PlayDoge has hit yet another major milestone, now raising over $5 million in its presale despite the bearish broader market sentiment.
Notcoin and Hamster Kombat’s success has brought the spotlight on the GameFi sector. Now, PlayDoge’s Tamagotchi-style play-to-earn game is seeing significant hype and could be the next GameFi project to go viral.
Thanks to its strong fundamentals, $PLAY has received backing from several YouTube traders, with some even calling it one of the best meme coins to buy now.
PlayDoge – When GameFi Meets Meme Coin
Investing in a bull market is all about finding the right narrative and observing which sectors are the most in demand, both from the whales and retailers.
Meme coins have already established their dominance. In fact, experts are now projecting that meme tokens will no longer be the last asset class to rally and will instead be the front-runners, right alongside Bitcoin.
Analysts are also bullish on GameFi. However, there has been a major shift with respect to this meta. New projects are no longer aiming to build complex games. The success of the tap-to-earn games – popularized by Notcoin and Hamster Kombat – has shown the potential of simple, beginner-friendly games.
It is no wonder that Hamster Kombat has garnered close to 150 million users.
PlayDoge is now aiming to replicate its success with its own beginner-friendly gameplay. It taps into the established popularity of the iconic Doge character and the widespread nostalgia for Tamagotchi.
Indeed, experts are calling it the modernized version of Tamagotchi. Gamers now get to own Doge as their own virtual pet and control it via a smartphone application. They must feed, train and play with their pet or watch it die or run away to a new house.
This new game has already received significant attention and is expected to continue to grow, especially after its launch. A few influencers such as YouTuber Crypto Mischief believe that it could be the next big GameFi project.
Rewards Galore for PlayDoge Gamers
PlayDoge maybe a modernised version of Tamagotchi, but it offers an added incentive of lucrative rewards to its players. There is a reason why experts are baking $PLAY as one of the best meme coins to buy now.
For instance, the developer team is set to launch a series of classic games – similar to 2D arcades and 8-bit rollers. Players can complete these games and earn free crypto – in the form of additional $PLAY tokens – as well as experience points.
The experience points will be tracked by a leaderboard and toppers will earn bonus $LAY rewards.
Additionally, investors can stake their $PLAY holdings and earn staking rewards at a much higher rate than the industry standard.
Notably, PlayDoge is a true multi-chain meme coin, offering staking rewards on both Ethereum and BNB Smart Chain. Investors can check out the PlayDoge staking dashboard and check out the yield percentage of both chains.
PlayDoge Price to Increase Soon
The PlayDoge presale has adopted a multi-tier fundraising concept, incentivising the early buyers.
For instance, the current stage of the $PLAY presale is set to end later today, after which the token price will increase.
Interested buyers need to visit the PlayDoge website and connect their Web3 wallet using the over-the-counter widget. They can then swap ETH, BNB or USDT to buy the meme coin. Each chain has its own benefits – while BNB Smart Chain offers low trading fees, Ethereum offers higher staking rewards.
Investors should also follow the PlayDoge X and Telegram accounts to keep up with the latest updates.
