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Analysts are optimistic about another bull cycle in August, but most cryptocurrencies are descending the charts now.
Strategic investors are using this time to secure underrated tokens at low prices. A trending crypto that has caught their eye is PlayDoge ($PLAY).
The Tamagotchi-inspired meme coin is going viral. It just soared to almost $6 million milestone in its trending crypto presale.
https://x.com/PlayDogeGame/status/1816111867942625550
Why is PlayDoge drawing traction when most meme coins struggle to hold their ground?
Being in the presale stage,PlayDoge is immune to the current downturn. The rapid progress of the presale shows that it is likely to sell out ahead of schedule.
If that’s the case, the $PLAY token launch will align with the next crypto bull cycle, which is expected to gain strength toward the second half of August.
Tapping into the volatile meme coin craze, $PLAY could climb up the charts with multifold gains.
However, why PlayDoge amid a crowd of new presale tokens? What’s the appeal of this new meme coin when already there are hundreds?
Take a look at PlayDoge’s unique theme. As the name indicates, PlayDoge is a meme coin and a play-to-earn coin. Here, the meme coin is used as the payment and reward crypto of a video game.
A cryptocurrency that solely relies on hype