PlayDoge ($PLAY) Bucks the Bearish Trend, Raises Over $5M in Presale Targeting the Retro Gaming Market

The crypto market is having one of the worst corrections it has seen in a long time. The global market cap dropped 3.74% in the last day alone.

The crypto market is seeing one P2E meme coin defy the bearish trend and achieve remarkable growth. PlayDoge ($PLAY), a meme coin with a Doge-themed Tamagotchi-style mobile game, has managed to raise over $100K in a single day.

As the crypto market experiences a downturn, with the global market cap decreasing by 3.74% in the last 24 hours and the 24-hour volume dropping from $62.31B to 50.54B, most coins have been following the market trend and decreasing in value.

However, PlayDoge has managed to buck the trend and continue rising, while the meme coin market cap has decreased by 7.28% in the last 24 hours.

PlayDoge, currently in its presale phase, has already surpassed the $5M target and is two days away from the next price increase.

PlayDoge is a Doge coin that brings utility through its Tamagotchi-style mobile game, where you can earn passive $PLAY by caring for your virtual pet.

The better you care for your pet, the more rewards you receive. The game also features leaderboard rewards, where earning XP will bring you bonus $PLAY tokens.

Once the presale ends, the PlayDoge app will be available for free on the Google Play Store and the Apple Play Store.

The project has allocated 611M tokens for community rewards (including P2E rewards), which means earning passive income through the game is an attractive investment solution.

Crypto GameFi Segment Market Cap Surges by $400M in 24 Hours

Despite the correction, the crypto GameFi segment remains popular among investors, with its market cap rising 2.5% in the last 24 hours.

Two GameFi projects that have climbed the highest in the last 24 hours are $KOL (+33.3%) and $RBLS (+10.9%).

This wave of nostalgia is sweeping over the gaming market, with Tamagotchi games reinventing themselves and tapping into the community’s affection for all things retro, which PlayDoge fully nurtures in its P2E game.

An ExpressVPN survey also shows that 79% of gamers play retro games, further strengthening PlayDoge’s position in the crypto market.

To put things into perspective, Statista estimates the global video game market revenue will reach $666.69B by 2029, a 46.43% increase.

In fact, gaming is one of the most popular entertainment industries in the world, with Tencent, Sony, Microsoft, and Apple making over $77B in combined revenue in Q4 2023.

PlayDoge Presale – Over $5M Raised and a 134% Staking APY

PlayDoge is currently priced at $0.00512, with two days left until the next price increase. Earlier investors will also be able to stake their $PLAY tokens on $BNB and $ETH, with an APY of 134% at the time of writing.

The earlier you invest, the bigger the rewards. If it reaches $0.026 by the end of the year, you stand to make over 408% in profits (if you buy at the current price).

Moreover, the staking APY is dynamic, so the more people stake $PLAY, the lower the APY, which means lower rewards for late-comers.

To buy $PLAY, visit the official website, connect your wallet to the widget, and enter how much you want to spend. Confirm the transaction and wait for the presale to end to collect your $PLAY tokens.

Our Verdict – PlayDoge Is a Promising P2E Project

PlayDoge's resilience during the current crypto correction is a good sign, as it shows that investor interest in the project remains strong despite the bearish market conditions.

It will be interesting to see how the project performs once it is launched on exchanges. Given the recent resurgence in Tamagotchi games and the success of GameFi crypto projects (like Immutable and Axie Infinity), $PLAY offers a promising long-term investment.