Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
How One Obscure $4.6 Million Meme Coin Is Positioning To Be 2024’s Dogecoin On Steroids

How One Obscure $4.6 Million Meme Coin Is Positioning To Be 2024’s Dogecoin On Steroids

Cryptonews2024/06/18 17:31
By:Sam Cooling

As the dust settles from the most recent crypto market tumble, smart money investors are zeroing in on a hidden gem crypto project that’s quietly gaining viral traction.

This article will analyze DADDY’s current price trends in light of insider dumping by the B-List Brawler, and look to see whether a newer project with genuine developers, PlayDoge , represents a more promising investment opportunity.

Despite crypto Twitter overflowing with the tears of reckless retail investors that splurged out on quickfire Solana meme coins and the rejoicing of crypto bears happy to have bagged their first positive PnL trades in 6 months – things are just getting started.

After all, it’s only been 50 days since the most recent Bitcoin Halving event, and with historical data suggesting there is typically a 400-day lead time until the typical post-halving all-time high, it seems things are just getting started.

Bitcoin OGs and smart money investors know this, which is clear from the accumulation activity on-chain by big holders increasing exposure to solid dip opportunities like Ethereum – which remains poised for the true launch of ETH ETFs shortly.

Smart Money Is Taking Strategic Position in Crypto Presales Ahead of MEGA Crypto Rally in Q3


It’s often said that you should be fearful when the market is greedy. So, with the market in a high state of anxiety, bigger players’ strategic FUD and silent greed are worth noticing.

The biggest open secret in crypto is that capital flows in these seemingly dead trading weeks are headed for crypto presales.

Presales provide early-bird opportunities for smart money investors to secure their slice of the pie at minuscule pre-listing prices. They allow intrepid risk-taking investors to unlock the lion’s share of major gains by getting in on the ground floor.

Take, for example, the Playdoge (PLAY) presale , a project you’ve likely never heard of before today. In the past two weeks, this superstar new coin has done what many can only dream of, raising over $4.5M in seed capital.

How One Obscure $4.6 Million Meme Coin Is Positioning To Be 2024’s Dogecoin On Steroids image 0

Just deep that for a second—in less than 14 days, almost $5M has been raised through crowdfunding before this huge new project even hits the market with its first DEX listing.

This would be top-shelf news in any other industry, but your favorite crypto-caller hasn’t even mentioned it (and we both know they’ve probably heard of it and bought it).

But Why is Under-The-Radar Launch PlayDoge (PLAY) So Hyped At The Presale Stage?


At the heart of PlayDoge’s stunning rise is a perfectly aimed and timed product offering, which taps into all the biggest trends and themes in the current crypto market.

First, there’s no denying that crypto bros love dogs – evident from the historical and recent industrious growth of so-called ‘Dog Coins’ in the market.

So with DOGE in the name, it’s already won half the battle – but in a step beyond the shitcoin shenanigans of the 2024 bull run so far – this is the first DOGE launch in a while with any significant utility.

The idea here is to shake up the current state of GameFi with a niche retro throwback to the much-loved and equally adorable Tamagotchi devices, however, this time in the digital realm and with a little waggy tail.

Nostalgia is a big winner with millennials, and given the dramatic growth of the presale raise, this has clearly hit a chord with investors.

Yet, at a level beyond that, the project also targets the surge of interest in Play-2-Earn and Tap-2-Earn functions, which have exploded in recent weeks as fatigued retail investors race to rebuild their capital following Solana’s mistakes.

How One Obscure $4.6 Million Meme Coin Is Positioning To Be 2024’s Dogecoin On Steroids image 1

Indeed, finding hidden gems like this early in the presale stage is one of the most effective opportunities to re-build your bags, not only due to the play-2-earn potential but also due to the whopping +157% APY staking rewards which bake-in gains pre-launch.

How is PLAY Token Shaping Up Ahead of Highly Anticipated Listing?


https://twitter.com/PlayDogeGame/status/1803060140033126511

So, with PlayDoge ticking so many boxes – let’s get to the real meat of any token: the potential gains.

Let’s explain: For a token with no utility like DogWifHat (WIF) coin to produce a 10x gain in your portfolio, it would need to grow from a $$1.99Bn market cap to a jaw-dropping $19.9Bn market cap—that’s an influx of $17.91 Bn … not unrealistic, but a shocking figure nevertheless.

By comparison, if you invested early in a high-growth potential project like Playdoge, at the minuscule early-bird exclusive price of just $0.0051, then a simple 10x move would only require an influx of $40.5m ($4.5M to $45M market cap).

That’s 99.87% less capital influx needed, which should speak for itself.

Just imagine that 1 ETH invested today could produce 10 ETH later this year just at listing – this is the early bird advantage.

With Playdoge aiming to launch a play-2-earn game in the coming months, alongside a DEX launch and a quickfire line-up of CEX listings, now could be a great time to get involved.

So, for the lucky readers who made it this far, don’t miss out on this hidden gem opportunity.

Grab Some PLAY Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Spot bitcoin ETFs end positive streak with $438 million outflows; BTC dips to $94,500

U.S. spot bitcoin ETFs reported a total daily outflow of $438 million on Monday.Monday’s net outflow ended a five-day streak of net inflows that brought $3.4 billion into the spot bitcoin ETFs.Meanwhile, bitcoin has retraced some of its gains over the past few days, now trading at around $94,500.

The Block2024/11/26 07:08