The competition within the Dogecoin market is intensifying, with the upcoming entry of a new memecoin that targets dog-memecoin enthusiasts.
PlayDoge ($PLAY) is the name of the new memecoin, designed as a play-to-earn (P2E) token aiming to disrupt the memecoin market.
This token serves as the native token for a retro-style game, featuring various functions within the gaming ecosystem including the DAO and transactional capabilities.
Notably, PlayDoge incorporates the iconic Doge meme, which is already associated with several major memecoins, including Dogecoin.
PlayDoge ($PLAY) Emerges as One of the Biggest Gaming Projects
Many crypto analysts have given their opinions about what they think of PlayDoge ($PLAY), and the consensus is that it could become one of the biggest gaming projects.
Clinix Crypto, 99Bitcoins, ClayBro, Matthew Perry, and many other popular crypto YouTubers are of the opinion that PlayDoge ($PLAY) is one of the hottest GameFi projects in presale.
According to more details about their presale, it was launched a month ago and has already raised over $5.6 million.
Playdoge current presale details | Playdoge.io
Apparently, investors are aware of the massive potential of this project and are lining up to take part in the speculated future profits.
Moreover, this might be an opportunity to get it at a lower price before the expected price surge for the rest of the year.
90s Tamagotchi Nostalgia in Full Display
In the 1990s, handheld digital pets named Tamagotchi existed, and one of the objectives of PlayDoge, a play-to-earn (P2E) game, was to recreate these handheld digital pets within the blockchain.
Within this play-to-earn (P2E) game, the major aim of the players is to make positive efforts towards caring for their Shiba Inus. When they do this, they accumulate XP, which ranks them on the leaderboard system.
Another reward they get from doing is the PlayDoge ($PLAY) tokens, depending on where they rank on the leaderboard.
Besides actively playing the game to earn tokens, players can also make use of the staking functionalities to earn more PlayDoge ($PLAY). It even gets better if you participate in the presale.
According to information on their website, presale participants get an increased APY of 88% on Ethereum and 73% on BNB Chain.
Dogecoin Alternative PlayDoge ($PLAY) Drags in New Investors
Dogecoin is in trouble with the introduction of this meme coin to the market.
Apparently, they are allocating a significant 50% of its 9.4 billion token supply, roughly 4.7 billion $PLAY tokens, to its presale.
This gives everyone fair access to this token without institutional traders having an advantage. Moreover, 12%, or 1.128 billion PlayDoge ($PLAY) tokens, are allocated to staking within their ecosystem.
Investors who might be concerned about the security of this crypto project are alleviated by an audit conducted by SolidProof on Playdoge’s smart contract.
Those who are interested in the presale of this meme coin can simply visit their website, connect their crypto wallet, and make their desired purchases.
You can make the transaction using ETH, USDT, or BNB. Investors can also join their Telegram channel for more information about the presale.