Analyst support is flooding in for PlayDoge ($PLAY), but there’s just one day until its presale ends.
The Play-to-Earn (P2E) meme coin has raised $6.3 million so far, a feat made even more impressive by the broader crypto market’s ongoing struggle.
PlayDoge will launch on exchanges in one day, and analysts are bracing for big gains.
Jacob Bury tells us 10x gains are coming for $PLAY
According to Jacob Bury, the combo of a promising market outlook and a captivating use case could amount to a 10x price rally for PlayDoge.
“In all of crypto, we’re seeing a bit of a downtrend following the euphoric phases, but it doesn’t mean you can’t prepare and load up for the alt season,” Bury said.
He continued, “I think we are really going to see crypto pump again in the autumn and Q4.”
While PlayDoge has a unique Play-to-Earn (P2E) element, one of the things that Bury likes most is its position on the BSC chain.
BSC is the blockchain created by Binance, offering users low fees and high speeds.
Bury notes that BSC presents a seamless, low-cost way for users to enter the presale.
However, we should also note that the BSC network has recently seen an uptick in meme coin interest.
Most notably, Simon’s Cat has soared 76% in the past seven days.
What does this mean for PlayDoge?
It’s launching on exchanges at a time when users are likely seeking the next BSC meme coin that could make big gains.
This makes for perfect timing.
PlayDoge: the P2E game where users raise a digital pet doge
Dogecoin is the most iconic meme coin bar none, and now millions of its fans can raise their own cute dog puppy in PlayDoge.
It’s a pet companion game that pays users for playing.
They’ll need to ensure their pets are fed, rested, and entertained.
If they do a good job, they’ll get rewarded with $PLAY.
But if they’re a bad pet owner, the pet will run away or die, and the game will restart.
It’s a gripping concept that will keep users coming for more.
And if it rings a bell, that’s because PlayDoge is inspired by the iconic 90s blockbuster Tamagotchi.
Tamagotchi was a handheld game created in Japan that sold 82 million units.
PlayDoge’s concept is similar to Tamagotchi’s, except it integrates value-based P2E dynamics and swaps the original pets for doge puppies.
As a result, PlayDoge cultivates an environment where meme coin fans, P2E enthusiasts, and those reminiscent of the original Tamagotchi can all coexist.
And that presents serious growth potential.
The meme coin market is worth over $40 billion.
Bandai Namco, the company that created Tamagotchi, is worth $12 billion.
And the crypto gaming market is worth $14 billion, with projections that it will reach $67 billion in annualized revenue by 2027.
Based on that, PlayDoge has a huge addressable market.
Crypto market dips but leading traders are accumulating
Profitable traders are buying the current dip on Bitcoin.
The whole market is red today, but Binance’s top traders are buying into the fear.
And this reverberates recent history.
Even while the crypto market has struggled, investors have accumulated over $6.3 million worth of PlayDoge tokens.
But it all makes sense on a high level.
The U.S. Federal Reserve is expected to slash interest rates multiple times this year.
Plus, we are approximately one year away from the part of the crypto market cycle where prices have historically peaked.
So, in hindsight, the current discounted prices could prove to be a massive opportunity.
What this all means for PlayDoge remains to be seen, but it’s certainly in the right place at the right time.
But for those yet to buy the presale, this is the final chance.
So don’t miss out. Follow PlayDoge on X or join its Telegram for updates. Otherwise, visit its website to buy and stake tokens.
