Is This New Dogecoin Rival the Next Big Thing? Experts Believe So
By Joel Frank
Updated:
July 5, 2024, 07:54 EDT
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Reading Time: 2 minutes
Is This New Dogecoin Rival the Next Big Thing? Experts Believe So / Source: PlayDoge
Cryptocurrency experts are flocking to a new meme coin called PlayDoge (PLAY), which has the potential to become a major competitor to Dogecoin.
PlayDoge is a fresh take on the classic Tamagotchi 90s game, with a Shiba Inu meme coin theme.
The presale for PlayDoge is currently underway, and investors have already contributed nearly $5.4 million.
Several crypto analysts are showing support for the presale, with some predicting that it could be the next big thing.
Clinix Crypto is optimistic and has already invested in the presale.
Popular YouTube analyst Matthew Perry has also secured a $500 investment.
Analysts at Cryptonews.com have ranked PlayDoge as one of the top meme coins and one of the best overall presales to invest in.
Could PlayDoge be the Best Presale of Summer 2024?
The play-to-earn crypto gaming sector is expected to see significant growth in the coming years.
Meme coins are also on the rise, so a cryptocurrency like PlayDoge that combines both sectors has a strong chance of performing well.
In the PlayDoge game, players will take care of their own digital dog companions called Doges. These companions will exist as NFTs on the blockchain.
Players will earn PLAY tokens as they navigate through a variety of retro 2D games.
PLAY will play a central role in the PlayDoge game, which is set to be released soon.
At the current presale price of $0.00515, the total value of PLAY is just under $50 million.
However, if this Dogecoin rival gains significant traction and user base, it could potentially become a billion-dollar cryptocurrency. This means potential gains of over 10 times the initial investment.
Potential investors should act quickly to get their hands on PLAY at discounted prices.
Once the presale reaches $5.9 million, the price will increase.
Find out more about PLAY here.
A Gem for Passive Income?
Investors should also consider getting into PLAY early to take advantage of its impressive staking yield.
Presale investors who stake their tokens are currently enjoying a yield of over 100% APY.
12% of the total token supply, which amounts to 9.4 billion tokens, has been allocated to staking rewards. This allocation is expected to reduce selling pressure when PLAY launches on DEXs.
It’s no surprise that DeFi enthusiasts have also shown interest in PlayDoge, the new Dogecoin competitor.
Crypto users can purchase PLAY using BNB, ETH, or USDT.
Buy PLAY Here
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. There is a possibility of losing all of your capital.