Relentless excitement has swept the Play-to-Earn (P2E) sector, and PlayDoge ($PLAY) is the latest to cause a buzz.
Currently in its presale phase, the new P2E meme coin has raised over $5.8 million so far.
PlayDoge is the next 10-figure P2E cryptocurrency, predicts analyst
PlayDoge might be the next behemoth P2E flavor on the crypto markets.
Jacob Bury, a renowned trader and market commentator, recently compared PlayDoge and Notcoin.
The analyst conducted a Notcoin price analysis, concluding it holds room for a 3-5x mid-term.
However, Bury presented PlayDoge as a low-cap alternative, alluding that significantly more gains could be on the horizon.
“It hasn’t launched yet, but I think it could get some massive traction,” he said.
He then delved deeper into its use case and memetic allure, suggesting it could have one of the strongest outlooks of new cryptocurrencies.
“Something big is brewing for this coin,” he closed with.
While he did not provide an exact price prediction in this video, the acclaimed analyst has covered $PLAY in other videos and alluded to how far he thinks it can go.
For example, in June, he said it could rise in value by 100x and be bigger than Axie Infinity.
AXS peaked at a $9 billion market cap, so PlayDoge would actually see more than 100x gains if it surpassed it.
Nostalgic gaming and huge player rewards attract millions to $PLAY presale
The PlayDoge presale is promptly approaching the $6 million total raised mark.
This cannot be overlooked.
It’s a huge amount of funds for an early-stage project and reflects unwavering support from investors.
But it’s no surprise. PlayDoge has turned heads since its inception.
The project is inspired by the hit 1990s game Tamagotchi, which sold 82 million units.
PlayDoge follows a similar concept to the 90s sensation, except players will earn real crypto rewards.
Imagine reliving your childhood gaming experiences and being paid for it – that’s what you get with PlayDoge.
Players will care for an 8-bit doge pet, ensuring it is fed, rested, and entertained.
They’ll earn XP points in exchange, and these points push them up the project’s leaderboard. The higher they go, the more PlayDoge tokens they can earn.
And don’t write $PLAY off as a useless meme coin.
It has several utilities.
For instance, it can be used for in-game purchases and staking.
Alongside its memetic allure, these utilities add a new facet to $PLAY and could help bolster its price.
https://twitter.com/PlayDogeGame/status/1811761955746480620
And amid investors turning to the PlayDoge presale en masse, crypto market conditions are improving, sparking excitement for the next bull run.
Strap in, crypto is hitting escape velocity
The crypto market is at an inflection point and primed for a historic bullish rally.
Numerous catalysts are converging for unprecedented growth.
CryptoTamil cited a few of these.
For example, he mentioned impending interest rate cuts, Ethereum ETFs, anticipation that pro-crypto Donald Trump will regain his US presidency, and a more relaxed regulatory environment.
Indeed, such a confluence of bullish catalysts provides a promising outlook for crypto prices.
And that’s not even factoring in the crypto four-year market cycle.
Based on this thesis, we are just 41% of the way through the bull market, so much more gains could be coming.
Notcoin took the market by storm after its debut in May. It quickly reached a valuation north of $1 billion.
But now, traders favor PlayDoge.
Its valuation is significantly lower, with $5.8 million raised at presale so far.
Moreover, the project’s use case speaks to a vast audience.
Nostalgic Tamagotchi users, meme coin fans, and value-focused investors will all be interested.
And with market conditions shifting bullish, there is no better time to emerge.
Investors can buy PlayDoge at the lowest possible price of $0.00521.
However, this will rise throughout the ICO, with the next increase in 22 hours.
Follow PlayDoge on X or join its Telegram for updates. Otherwise, visit its website to buy and stake tokens.
