Floki Price Dips But Hype Is Growing Over PlayDoge Presale as It Nears $4M Mark

Floki (FLOKI) may be struggling – but a new dog-themed meme coin is taking the market by storm.

PlayDoge (PLAY), an upcoming Play-to-Earn project, is generating enormous hype as its presale nears the $4m milestone.

FLOKI Takes a Tumble After Hitting All-Time High

It’s been a rough week for FLOKI investors.

After fetching new all-time highs just six days ago, FLOKI has taken quite the tumble.

The token’s price has plunged over 28%, dragging it back down to $0.00025 – the same level as on June 3.

Just last Wednesday, FLOKI looked unstoppable, smashing past its previous record high.

But that peak has created strong resistance.

As soon as FLOKI hit a new high, the selling intensified, and buyers left the market.

And within days, the token’s upward momentum flipped as bearish sentiment took over.

FLOKI’s sharp reversal has wreaked havoc on trading volumes, which have tanked to $447 million in the past 24 hours.

That’s a concerning dip from the frenzy that was seen last week.

If the selling pressure continues, FLOKI could test support around $0.00024.

So, for now, it seems FLOKI’s rally might have run out of steam – leaving investors wondering what’s next.

New Play-to-Earn Meme Coin PLAY Nears $4M in Presale

While FLOKI may be struggling, another dog-themed token is generating buzz.

PlayDoge, a recently announced P2E project, has investors excited as it nears the $4m mark in presale.

This project puts a modern spin on the ‘90s virtual pet craze, letting players adopt, care for, and play mini-games with an adorable pixel Doge.

By performing basic tasks, users can earn PLAY tokens as a reward.

The simple but nostalgia-backed concept is resonating with investors.

PlayDoge’s presale has been a hit since it launched two weeks ago, allowing early investors to buy PLAY tokens for just $0.00506.

Investors can make PLAY purchases using ETH, USDT, BNB, or a credit/debit card.

And those who invest in PLAY can instantly stake their tokens to earn passive income.

Right now, annual yields are quoted at 294% – and over 63.9 million PLAY tokens have been locked up already.

This is clear evidence of strong investor interest in PlayDoge.

While plenty of meme coins get hyped and fizzle out, this one has actual substance.

In fact, over 3,600 people now follow PlayDoge’s Twitter page, where the developers update users on the project’s progress.

Could PlayDoge Be the Next Big P2E Crypto Game?

Investors are also buzzing about PlayDoge’s “Share-to-Earn” model.

The project is tapping into social media’s viral potential by rewarding users with PLAY tokens for creating and sharing memes and videos.

It’s a clever way of marketing that’s already paying dividends.

But PlayDoge isn’t just about publicity stunts.

PlayDoge’s developers have designed its tokenomics structure for sustainable growth, setting aside 50% of the total supply for presale investors.

The developers have also allocated tokens for key areas like liquidity, game development, and staking rewards.

However, perhaps the key catalyst playing into PlayDoge’s potential success is the continued demand for P2E cryptos.

This area of the market remains hot, with the sector now valued at $12.8 billion.

Previously, projects like Axie Infinity and The Sandbox dominated the sector, yet now, innovative meme tokens (e.g., Notcoin) are producing outsized returns.

And with PlayDoge set to offer the best of both worlds, it’s easy to see why investors are so excited.

YouTuber Crypto Mischief even speculated that it could be “the next big crypto game” if the hype can be sustained.

Only time will tell if this prediction holds true.

Visit PlayDoge Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

The post Floki Price Dips But Hype Is Growing Over PlayDoge Presale as It Nears $4M Mark appeared first on CryptoPotato.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Latest posts

Korea Blockchain Week Announces New Headline Speakers and Welcomes Sui as Official Partner
Asia’s most impactful crypto industry event, the Korea Blockchain Week, has announced Sui as the o...
Polkadot’s Ajuna Network Halves Block Time with Async Backing
Polkadot-based gaming protocol Ajuna Network has introduced its asynchronous backing engine. This up...
Gary Gensler and SEC Relent: Ripple Faces Reduced $102 Million Penalty in XRP Case
Ripple’s ongoing legal battle with the SEC sees a significant reduction in penalties. The SEC’s ...
BitMEX’s Arthur Hayes Projects Aptos to Eclipse Solana in Blockchain Leadership
Arthur Hayes predicts that Layer 1 blockchain Aptos will surpass Solana within two to three years. H...
Game-Changing Altcoins That Could Transform You Into A Crypto Millionaire in 2024
A few altcoins are gaining traction as game-changers in the dynamic and quickly changing world of cr...
XRP Price Poised for Major Rally: Key Indicators and Whale Moves
XRP nears critical support line, suggesting a significant potential rally. Technical indicators sign...
Beyond XRP Institutional Adoption: Unveiling Potential Beneficiaries Like TON, TRX, and APORK
Ripple completed its acquisition of Standard Custody & Trust Company, and as a result, this coul...
XRP Surges Amid 80M Whale Moves: What It Means for Future Prices
Whale investors moved nearly 80 million XRP, stirring market speculation. Ripple collaborates with t...
Technium Strengthens Global Footprint with New Initiatives in Cryptocurrency Adoption
June 14, 2024 – Technium International Limited is proud to announce a series of innovative initiat...
Polygon and Ternoa Collaborate: Introducing zkEVM+ for Digital Asset Security
Ternoa launches zkEVM+ for enhanced digital asset security on Ethereum. Collaboration with Polygon C...
Read more posts