Dogecoin Mobile P2E Meme Coin Competitor PlayDoge Price Soars 170x, Lowest Presale Price in History Ending Soon

Dogecoin mobile play-to-earn (P2E) challenger PlayDoge is just hours away from seeing its pre-sale token price rise.

Just two days after launch, the $PLAY token has achieved more than three-quarters ($617,000) of its Phase 1 goal of $787,500.

Currently in Phase 1 of the multi-level pre-sale, PlayDoge is available for the lowest price of $0.005, but will rise to $0.0051 within 24 hours.

Like Dogecoin, PlayDoge is a meme coin centered around the Shiba Inu dog breed, but the similarities end there.

Dogecoin may claim to be the OG meme coin, but PlayDoge could be the top dog, surpassing Dogecoin’s value by bringing the Tamagotchi companion game into the 21st century smartphone era.

Those who weren’t around in the ’90s may need to be reminded of the surprising viral success of the Tamagotchi device, which allowed owners to raise and care for virtual pets.

However, the technology of the time meant that the experience was somewhat limited. For example, pets will always eventually die, forcing conscientious owners to reboot, so to speak, and start over with a new pet.

PlayDoge overcomes these limitations by bringing decentralized networks and mobile gaming to the party.

Judging by BabyDoge’s performance, the price of the playful PlayDoge is expected to explode by 170 times.

PlayDoge has not only enabled the Tamagotchi, but its P2E layer will revolutionize companion gaming.

A decentralized network built on blockchain technology means gameplay can be designed around a rewarding incentive economy.

PlayDoge’s in-game $PLAY token serves as a value transfer and storage transaction layer for the gaming ecosystem where training, feeding, and other fostering activities are rewarded. The more players interact with their pets, the bigger the rewards.

The new mobile gaming cryptocurrency improves on the classic 8-bit bitmap look and feel of side-scrolling hits from past console makers like Sega and Atari.

The play-to-earn mechanism means players can earn rewards by caring for pets and taking part in adventurous journeys.

Unlike Dogecoin, PlayDoge is designed for the future of mobile gaming.

Another difference from Dogecoin is that the chosen blockchain operates on a Proof-of-Stake (PoS) system. This means it is much more efficient than Dogecoin’s mining-based legacy system. Trading efficiency is important in any setting, but nowhere more so than when it comes to gaming.

PlayDoge runs on BNB Chain (formerly Binance Smart Chain), a blockchain created by Binance, the world’s largest cryptocurrency exchange.

The BNB chain has a theoretical throughput of 2,200 transactions per second (tps), compared to around 30 for Dogecoin.

In 2023, the BNB chain introduced a layer 2 technology called opBNB that could deliver an even more impressive 4,700 tps.

A high tps means there is no risk of P2E mechanisms degrading gameplay and therefore gamer enjoyment.

Additionally, because PoS is more efficient, it means gas fees for transactions are much lower, which is another big advantage for PlayDoge.

Dogecoin will challenge gaming, but PlayDoge will excel at it.

To be fair to Dogecoin, which is valued at $23.2 billion by market cap at the time of this writing, there is some gaming activity going on on the blockchain right now.

Art collections and games have found their way onto the chain using inscription technology, which first originated in Bitcoin but has now reached Dogecoin in the form of ‘Doginals’. For example, the classic first-person shooter Doom can be played on Dogecoin.

However, Inscription’s technology to effectively recycle unused storage capacity would be an obstacle to scalability, making it not a viable proposition for full-scale mobile games, whether 2D or 3D. Then PlayDoge has another advantage over Dogecoin.

Shiba Inu and Floki are both exploring the gaming path to add utility to blockchain networks.

But PlayDoge is built from the bottom up for gaming. It’s not just an afterthought like Shiba and Floki.

Community rewards will be central to PlayDoge’s gaming economy, which is why 7.5% of the total supply has been allocated for distribution from the beginning.

$PLAY token holders can also earn passive income by participating in staking. 6% of token supply is set aside for staking rewards.

However, you do not need to wait for the mobile app to activate before staking. Pre-sale buyers can start staking immediately. The current annual return is 501% with 37 million tokens deposited in the staking pool contract.

Of the total token supply of 9,400,000,000, 50% will be reserved for pre-sale, 12.5% ​​will be allocated for marketing purposes, and 11.5% will be allocated for exchange liquidity.

BabyDoge ROI is 170x since launch. The PlayDoge price may surpass this.

It might be a stretch to say that a coin with the name Doge will definitely do well, but a meme coin that gets into its own specific niche first, like PlayDoge, will likely be the winner.

This is the case with BabyDoge, implemented on the BNB chain and with a market capitalization of approximately $277 million.

Aside from a stated commitment to animal welfare charity donations and the recent addition of an AI-based meme image generator, there isn’t much else to the token.

It’s okay because it’s a meme coin. But think how much better PlayDoge could do for investors by combining the buzz of its meme coins with its games.

Indicative of the traction BabyDoge has gained, the self-custodial wallet currently has 1.87 million coin holders. Additionally, the token was launched in June 2021 and maintains a consistent presence in Dextools’ top 10 hot pairs at the time of writing.

According to Dextools data, BabyDoge’s return on investment (ROI) for early investors currently holding the coin is 17,556% (170x). Those who purchase in the pre-sale before it is listed on decentralized exchanges will receive a much higher return on their investment.

PlayDoge can emulate BabyDoge very easily and provide better performance. And to fully demonstrate how much potential there is in meme coins, BabyDoge returned an even more impressive 2,219,000% from launch to all-time high.

The current price of BabyDoge is $0.000000001815.

$PLAY presales have momentum in the booming video game industry.

According to current estimates, the global video gaming industry market is valued at $447 billion in 2024. However, this figure is expected to exceed $1 trillion by 2032.

Cryptocurrency is a small part of the whole, but if the whole is that big, there’s a lot to cover. Just a small portion of that market that PlayDoge has a presence in could make it one of the most valuable cryptocurrency gaming assets in the industry.

source: Statista Video Game Market Research

A 2021 survey found that there is great interest in the concept of earning NFTs through video games.

Clearly, the craziness surrounding NFTs isn’t what it used to be. But barring the demise of frothy, speculative markets where substandard digital art can sell for millions of dollars, NFTs are still ideally suited to peer-to-peer gaming.

For example, it can be used to assign value to unique in-game assets as PlayDoge can easily determine them as part of the product.

source: Statista NFT Research

PlayDoge offered 50% of its token supply to pre-sale buyers, but it is being used up in a short period of time.

Buyers cannot rest assured of strong market fit by targeting meme coins and games. Another important consideration is the security and reliability of the project technology. Pre-sale smart contracts are thoroughly audited and welcomed by investors, demonstrating the seriousness of the project.

To participate in the innovative PlayDoge pre-sale, connect your wallet to the playdoge.io website and make purchases using BNB, USDT or ETH. Buyers can also pay for tokens using their bank cards.

Join the community on X and Telegram to receive news about project developments.

PlayDoge (PLAY) – Latest launch on BNB chain

• 2D Virtual Doji Pet
• Play to get Meme Coin Fusion
• Staking and in-game token rewards
• SolidProof Thanks – playdoge.io