Meme coins continue to be the star of the cryptocurrency market. Dog-themed coins are among the cryptocurrencies that rose last week. As of Tuesday morning, Floki leads with 35 percent, followed by Bonk coin with 22 percent.
BONK hit $0.00004387, narrowly missing March’s all-time high of $0.00004547.
The rise in price coincided with the approval by the US Securities and Exchange Commission (SEC) of eight spot Ethereum ETFs filed by companies such as BlackRock, Grayscale and Fidelity. Often considered the most risky and potentially lucrative segment of the cryptocurrency industry, meme coins often experience significant price fluctuations when positive news about cryptocurrencies circulates.
Newly launched dog coin PlayDoge is also trying to capitalize on this momentum.
Return to the 90s with PlayDoge and Chance to Win Tokens
PlayDoge (PLAY), a mobile-based play-to-win (P2E) crypto gaming project inspired by the famous Doge legend, managed to generate more than $215 thousand in revenue in the first hours of its pre-sale launch. For those looking to purchase PlayDoge tokens, the token is currently priced at $0.005.
PlayDoge is a virtual pet game inspired by memes and offering real cryptocurrency rewards. This means that it is a Tamagotchi style virtual pet, it needs care and attention just like a real dog.
So the legendary Tamagotchi virtual dolls of the 1990s are being revived in a contemporary, blockchain-focused way inspired by memes. The entire process happens through a mobile app on the smartphones of users who purchase PlayDoge tokens.
Users start by looking at their own 8-bit pixel Doge and feeding it. She makes sure she is properly fed, entertained, and in a positive emotional state.
Those who bond with their virtual babies win
The most important factor is to establish a lasting bond similar to that of a real pet. But the interesting part is that the better users take care of their Doge, the more opportunities they have to earn PLAY tokens through joint participation in mini-games. PLAY can be exchanged for cryptocurrency or used within the PlayDoge ecosystem.
Those who purchase PlayDoge tokens have the opportunity to receive regular cryptocurrency rewards just for being responsible pet owners. However, it is imperative that players avoid neglecting their pets, as there is a possibility that Doges will escape permanently. The implementation of games significantly increases the level of participation in the PlayDoge experience.
However, simply looking at Doge is not the only method to obtain PLAY tokens. PlayDoge has a leaderboard system that determines users’ rankings by evaluating their pet care skills and performance in mini games. As a player progresses, the PLAY tokens they earn also increase.
PLAY’s Tokenomic Regulation Also Attracts Interest
Leaderboards and tokenomics build excitement ahead of PLAY pre-sale. While 30 percent of the project’s 9.4 billion supply is reserved for pre-sale, a significant portion is reserved for liquidity, marketing, development expenses and staking rewards. The PLAY token is generating significant anticipation, as evidenced by strong initial pre-sale activity.
The pre-sale, which started just two days ago, has already raised more than hundreds of thousands of dollars. In the first phase, PLAY tokens were offered for sale at the lowest price of $0.005. However, due to its tier-based structure, this price is expected to rise in subsequent pre-sale rounds. That’s why those who want to buy PlayDoge tokens need to act quickly.
Following completion of the pre-sale, PlayDoge will be launched on decentralized exchanges (DEXs). Considering that PLAY complies with BEP-20 criteria, users who joined PlayDoge’s Telegram community early on consider PancakeSwap to be the likely platform for listing.
PlayDoge appears to have the potential to benefit from the rapid growth of the play-to-earn (P2E) industry. Industry experts predict that there will be a significant increase in the video game industry and that its value will increase from approximately 250 billion dollars in 2023 to 665 billion dollars in the same year. These growth forecasts highlight the enormous potential in this area.
However, the P2E industry is currently experiencing rapid and widespread adoption. According to CoinMarketCap data, the value of the sector has exceeded 14 billion dollars as of the time this news was written. There is a significant increase in the popularity of cryptocurrencies that integrate enjoyable games with the opportunity for rewards.
A Major Airdrop is Said to Come to the Community
PlayDoge’s road map is also very promising. The second phase in the project’s roadmap includes application developments and DEX launch. The third phase includes marketing, application tests, mini-game beta process and first CEX listings.
The fourth phase sees larger CEX listings, the release of the PlayDoge app, the launch of mini games, and a large-scale distribution of PLAY tokens to the community.
Considering airdrop, the expansion of the play-to-win industry, and the engaging pet care game, PLAY seems to have a lot of potential.
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