PlayDoge Presale Hits $5.5M Despite Market Slump – Top Crypto Pick for Next Bull Run?
Play-to-earn (P2E) meme coin PlayDoge ($PLAY) shook off the market downturn and continues to do well in presale, reaching $5.5 million in funds raised.
The meme coin, which sports the Dogecoin Shiba Inu pup in 8-bit fashion as its mascot, aims to lead the sector that kicked off this year’s bull run.
But PlayDoge is far from a run-of-the-mill meme coin. It introduces a new game economy inspired by the beloved Tamagotchi digital toy from the 1990s.
At the core of this ecosystem is its native token, $PLAY, which unlocks various in-game and broader market utilities.
Currently priced at $0.00517, the value of one $PLAY will increase to $0.00518 in less than two days when its next presale stage arrives.
Hurry and buy your tokens to follow the smart money flowing into this project and take advantage of the next meme coin that will push the market to new heights.
The crypto market has been on a rollercoaster lately, swinging into risk-off mode due to the Mt. Gox reimbursements and Germany’s Bitcoin ($BTC) sales.
BTC has fallen 17% in the past 30 days, with an 8.7% slide in just the past week.
However, there appears to be a glimmer of optimism as BTC has jumped by 2.7% over the past 24 hours, climbing to $57,299 after flirting dangerously close to $53,000.
Digging deeper into Bitcoin’s on-chain data reveals an intriguing trend: Big players with 10 or more BTC are seizing the moment to accumulate more, pushing their holdings to a record high of 16.17 million BTC.
Additionally, their holdings in stablecoins such as USDT and USDC have decreased by 5.37% and 1.99% respectively, further highlighting the evident shift towards acquiring more BTC.
Technical indicators are also flashing bullish signals, as noted by technical and on-chain analyst
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