There is considerable buzz surrounding the new GameFi project Pixelverse, with many calling it the successor of Notcoin and Hamster Kombat.
Its new play-to-earn token PIXFI went live on July 18th and saw immediate success, rallying by over 400% to reach an all-time high of $0.097 on July 19th. However, the Pixelverse price is correcting rapidly as concerns regarding its airdrop program are taking a toll.
PIXFI is down nearly 21% over the past 24 hours. More importantly, it is now trading 35% below its all-time high.
The P2E token could dip further as big-name experts and crypto influencers are beginning to speak against it on social media.
Meanwhile, a new GameFi meme coin – PlayDoge (PLAY) – is quickly stealing the spotlight, thanks to its rewarding, Tamagotchi-style gameplay. A few experts have even suggested the possibility of 100x growth in PLAY after its launch.
Pixelverse Price Declines
GameFi projects are becoming all the hype, especially on the TON blockchain.
Pixelverse has emerged as the latest sensation in the sector, following in the footsteps of Notcoin and Hamster Kombat.
Unsurprisingly, its tap-to-earn game PixleTap saw tremendous success on Telegram, attracting over 50 million users in June. This comes after Hamster Kombat became one of the most popular mobile games earlier this year, amassing over 240 million users of its own.
As previously mentioned, Pixerlverse’s native PIXFI token launched on July 18th and is already live on top CEXs such as Bitget, MEXC, GATE, Bybit and HTX. Whether it manages to land a Binance listing similar to Notcoin remains to be seen.
However, the Pixelverse price is now correcting rapidly amidst growing concerns regarding its airdrop program.
In a recent X post, the Pixelverse team revealed that users choosing to immediately claim their airdrop tokens will only receive 10% of the holdings, with the remaining going to the project treasury.
Alternatively, users can choose not to claim the airdrop immediately, in which case their holdings will automatically be staked and released over 2 years.
The Pixelverse team claimed that the airdrop is designed to prevent any bot-like activity and eliminate the risk of pump-and-dump price action. However, the impact on the PIXFI price has been the opposite of what was intended.
Several big-name influencers are also speaking out against the Pixelverse team, which could further add to the selling pressure on PIXFI.
Founder of the Stoned Tigers NFT collection Viktor (@s0meone_u_know) has accused the developer team of prioritizing its VCs over the community, drawing a stark contrast with Notcoin. For instance, he claimed that only 30% of the PIXFI token supply is available as community rewards, as compared to 90% in Notcoin.
The growing concerns around its airdrop program could result in a sharp correction in the Pixelverse price, especially if investors decide to dump their airdrop holdings.
Is PlayDoge the Best P2E Notcoin Alternative?
PlayDoge (PLAY) is quickly emerging as a major player in the GameFi sector, owing to its presale performance.
The ongoing PLAY ICO has already received over $5.7 million in early investments, a signal of its high upside potential.
PlayDoge’s Tamagotchi-style gameplay – built around the iconic Doge character – has drawn considerable interest from meme coin enthusiasts as well as gamers. Players get to own Doge as their own virtual companion, which they must train and feed or receive a penalty for negligence.
More importantly, they can complete a series of classic 2D games and earn free crypto and XP. Players with the most experience points will earn bonus rewards, credited in $PLAY tokens. Unlike Pixelverse, gamers can withdraw their winnings at any point.
In a rare move, PlayDoge is also offering multi-chain staking, following in the footsteps of Floki. Investors can earn attractive yields on both Ethereum and the BNB Smart Chain.
Unlike Pixelverse, nearly 70% of the PLAY token supply is directly available to the community – 50% in presale, 12% as staking rewards and 6.5% as community rewards. Even the remaining supply has been allocated to exchange liquidity and project marketing.
Owing to its unique value proposition, experts are seeing PlayDoge as the next big GameFi project. Other smart money traders believe that PLAY could potentially deliver 100x returns.
