Meme coins are showing signs of life again.
Several popular coins, including Dogecoin (DOGE) and Pepe (PEPE), have posted double-digit gains over the past week.
Newcomer PlayDoge (PLAY) is also performing well – and is fast approaching the $6 million funding milestone in its presale phase.
Meme Coin Market Rebounds as PEPE & WIF Lead the Pack
The meme coin market is back in the green.
After a rough patch, meme coins have found their groove, pushing the sector’s total value back above $49 billion.
And there’s also been an enormous $4.8 billion in spot volume over the past 24 hours.
PEPE is leading the pack with a 26% jump, while DogWifHat (WIF) is up 46% since last week.
OG meme coin DOGE has soared 10%.
Yet it’s Popcat (POPCAT) that’s posted the biggest gain – a whopping 56% in the past seven days.
Only Dog (DOG) coin on the Runes protocol is in the red.
So, what’s got all these meme coins pushing higher?
It looks like investors’ risk appetite has seen an uptick after the assassination attempt on Donald Trump.
Bitcoin (BTC) has been on a tear and is back above $64,000.
Where Bitcoin goes, meme coins tend to follow – which is why we’re seeing this market-wide resurgence.
Tamagotchi-Inspired Meme Coin PlayDoge Nears $6M in Presale
As the meme coin market bounces back, PlayDoge is taking full advantage of the bullishness.
The project is getting close to a significant milestone, with its presale almost at the $6 million mark.
Currently, early investors can grab PLAY tokens for $0.0052 each.
However, this price will increase in less than two days when the next presale stage begins.
It’s a classic case of getting in early or paying more later.
Most of the interest around PlayDoge stems from its unique approach in the meme coin space.
The team is making a crypto version of the ‘90s hit Tamagotchi, featuring a Shiba Inu dog as the virtual pet.
This clever mix of nostalgia and blockchain tech is really clicking with retail investors.
Over 6,000 people are now following PlayDoge on Twitter.
There are also 10,600 active members in its Telegram channel.
Clearly, the project’s setup has helped it stand out, especially since most new meme coins rely solely on hype and viral momentum.
However, the real test for PlayDoge will come post-launch.
According to the project’s whitepaper, the developers plan to list PLAY on a DEX after the presale ends – but no specifics have been announced yet.
Could PlayDoge Be the Next Big Crypto Game?
PlayDoge isn’t just banking on its game to keep investors interested.
The team is also rolling out a staking protocol for PLAY tokens, offering an estimated 85% annual reward.
It’s a clever move – giving PLAY holders two ways to earn.
And PlayDoge’s roadmap hints that more exciting developments are on the horizon.
The team is eyeing CEX listings in the future, and there’s even chatter about another community airdrop, which could help boost adoption.
These plans have caught the attention of some big crypto influencers.
YouTuber Crypto Mischief went as far as saying PlayDoge could be “the next big crypto game” in a recent video.
Of course, this is just his opinion – but sometimes hype like this can become a self-fulfilling prophecy.
Ultimately, PlayDoge’s success will depend on delivering an engaging game and keeping the momentum going post-launch.
Time will tell whether this occurs.
But if it does, this new take on Tamagotchi could be one of the hottest meme coins to launch in 2024.
