PlayDoge PLAY Raises 4 Million in Just 2 Weeks of Presale for Web3 Tamagotchi Remake

Web3 Tamagotchi Remake PlayDoge ($PLAY) Raises $4 Million in Just 2 Weeks of Presale


By Tim Hakki
Updated on:
June 12, 2024 09:02 EDT
|
5 min read
Please note: This is a promotional article and not part of the content produced by Cryptonews.com.


Wednesday, June 12, 2024 – A novel multichain Play-to-Earn (P2E) meme coin named PlayDoge ($PLAY) has successfully garnered over $4 million within a mere two weeks of its presale campaign. This achievement follows the recent addition of Ethereum staking to complement the original staking option available on PlayDoge’s primary platform, BNB Chain. The latter blockchain remains the backbone of the project, fueling the development of the 8-bit P2E game that shares the same name.
$PLAY is the driving force behind the PlayDoge game, a retro gaming experience featuring the iconic Doge meme. This meme has been the inspiration behind six of the top 10 meme coins in the current market. Doge takes center stage in a revamped Tamagotchi game from the 90s, offering players a virtual gaming adventure where their care and attention towards the virtual pet Doge earns them $PLAY tokens.
For those looking to get a head start on the potential growth before the game’s official launch, the presale is currently ongoing. Interested investors can acquire tokens for slightly over half a cent at the moment. Early participants in the ICO may secure tokens at the lowest price possible for the remainder of the year. Given the utility and premise of the token, this could potentially be the lowest price period overall.
Once the game goes live and $PLAY enters the open market, the token’s value could surge significantly, surpassing Dogecoin’s current levels of $0.14 and potentially reaching the coveted dollar mark.


Meme Coin And P2E Summer Trend
The demand for meme coins is on the rise this summer…
A quick look at the top-performing meme coins today reveals how this sector often outperforms the leading cryptocurrency Bitcoin ($BTC) during favorable market conditions.
While BTC recorded a 1.5% increase in the last 24 hours, Pepe ($PEPE) saw a growth of 7%. Newcomer Brett ($BRETT) surged by 6%, while dog-themed coins Bonk ($BONK) and Dog Go To The Moon ($DOG) rose by 5% and 17% respectively.
In April alone, CoinMarketCap listed a total of 138 new meme coins. Currently, the collective market capitalization of meme-based cryptocurrencies stands at a staggering $63 billion.
Investors who held onto the market leader and original canine meme coin, Dogecoin ($DOGE), saw their investments grow by 142% over the past year.
Similarly, holders of Floki ($FLOKI) have seen a 59% increase in their holdings compared to last month and an impressive 1,232% growth from a year ago.
While the daily gains may have slowed down for a brief consolidation period, it’s important to note that PlayDoge’s Play-to-Earn (P2E) segment is also gaining momentum this summer.
According to Precedence Research, the global video game market is projected to reach a remarkable $665 billion by 2033. The Play-to-Earn gaming category on CoinGecko has seen a total market cap of approximately $13 billion as of June 2024.
A P2E Meme Coin Infused with 90s Gaming Nostalgia
PlayDoge stands out as more than just a meme coin. It is a monetized remake of the classic Tamagotchi game in the Web3 space, with $PLAY serving as the in-game currency.
Fans of the handheld digital pets from the 90s will appreciate how PlayDoge incentivizes them to relive their childhood memories and become dedicated virtual pet owners once again. By caring for their virtual Shiba Inu and engaging in exciting in-game activities and mini-games, players can accumulate XP and earn rewards in $PLAY tokens.
Players with the highest XP on the game’s leaderboard will receive additional $PLAY tokens and exclusive prizes. Additionally, the game offers a more forgiving difficulty curve compared to the original Tamagotchis, making it a more resilient virtual pet experience.
Players can also earn $PLAY through staking, allowing them to passively earn tokens. Early stakers can enjoy an attractive APY of 242% on Ethereum and 88% on BNB Chain. The APY varies between the two chains and the amount staked due to differences in the staking contracts.
By blending the iconic Doge meme and Tamagotchi nostalgia, PlayDoge creates a dynamic gaming ecosystem within the rapidly expanding meme coin crypto subsector.
PlayDoge’s $PLAY Bridges Meme Coins, Play-To-Earn, and Gaming Remakes
While PlayDoge falls under the category of meme coins, it transcends that classification. By revitalizing a popular 8-bit game from the 90s, it taps into the nostalgia of game remakes, a thriving sector in its own right.
The previous year was hailed as the golden era of game remakes, with sales of major remakes doubling from 2018 to 2020. Despite the crypto winter of 2022, the Web3 gaming and metaverse industry received substantial investments totaling around $2.9 billion last year, as reported by DappRadar.
These trends demonstrate how PlayDoge’s Tamagotchi remake, monetized through $PLAY, intersects the realms of game remakes, Play-to-Earn, and meme coins. With the P2E component gaining traction as an emerging sub-sector of crypto gaming, influencers from 99Bitcoins to ClayBro and CryptoNews are all eyeing PlayDoge as the next big meme coin.
Seize the Opportunity with the Lovable Tamagotchi Remake PlayDoge Featuring $PLAY
Although the PlayDoge app is currently under development, the ongoing presale is expected to propel it through the subsequent stages of its roadmap swiftly.
Out of the total 9.4 billion token supply, PlayDoge has allocated 50%, approximately 4.7 billion $PLAY tokens, to the presale, with an additional 12% reserved for staking purposes.


It is important to note that Binance Smart Chain, now known as BNB Chain, serves as the primary chain for $PLAY. This aspect significantly increases the likelihood of a potential listing on Binance, the world’s largest centralized exchange. A listing on Binance could provide a significant valuation boost due to the liquidity that would flow into $PLAY trading pairs.
As Binance’s in-house blockchain, BNB Smart Chain holds a market share of 49% as of March 2024.
Furthermore, PlayDoge’s smart contract has undergone a thorough audit by SolidProof, offering prospective investors reassurance regarding the project’s security.
Participating in the presale is straightforward: connect your wallet and begin purchasing $PLAY using BNB, ETH, or USDT. PlayDoge also offers the option to use credit cards for convenience.
For the latest updates on the project, engage with the community via X and Telegram. Visit the PlayDoge website to secure tokens at presale prices now.
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Please note: This is a promotional article and not part of Cryptonews.com’s editorial content.