As the broader crypto market maintains its downtrend, numerous popular tokens have experienced significant dips in recent weeks.
Popular coins Floki Inu (FLOKI) and Dogwifhat (WIF) have seen considerable drops over the past week, declining by around 27.3% and 8.3%.
With even giants like BTC struggling to combat the red trend, investors are seeking alternatives to recover their losses.
And according to seasoned analysts, the best options now could be these two new hot presales – PlayDoge ($PLAY) and Base Dawgz ($DAWGZ).
Let’s check them out and see what’s causing the hype!
Recently, meme coin prices have been extremely turbulent. Over the past week, popular meme coins Floki Inu (FLOKI) and Dogwifhat (WIF) have dropped by 27.3% and 8.3%, as they navigate an uncertain future with an anticipated bull run. Many other meme coins have similarly remained in the red.
This downturn is part of a larger trend in the meme coin market that has lasted for weeks now. This correction also parallels Bitcoin's recent dip below $67,000, indicating a possible correlation with the performance of major cryptocurrencies.
Despite these challenges, there is still potential for meme coin investors. New presale tokens, PlayDoge ($PLAY) and Base Dawgz ($DAWGZ) are showing promise for significant gains, offering a glimmer of hope in the current market conditions.
Let’s explore these tokens!
PlayDoge ($PLAY) is a new play-to-earn crypto game inspired by the Tamagotchi craze of the 90s. Players care for a virtual pet Doge, ensuring it stays happy and fed to earn $PLAY tokens. The game operates on the Binance Smart Chain as a BEP-20 token, ensuring efficient transactions.
Players must regularly attend to their Doge pet's needs, and neglect can result in the pet leaving. The game also features leaderboards where players compete for extra $PLAY tokens and rewards, adding a competitive element to the gameplay.
The total supply of $PLAY is capped at 9.4 billion tokens, with half allocated to the presale. This phase allows investors to purchase tokens at a lower price before they are listed on exchanges, offering potential for gains. Early presale investors can also stake their tokens, with reported APYs up to 165%.
To participate in the presale, investors connect a supported crypto wallet, such as MetaMask or Trust Wallet, to the PlayDoge presale website and buy tokens using BNB, USDT, or ETH. The project has quickly attracted attention, raising over $4.6 million shortly after the launch, indicating strong investor interest and a promising outlook for the game.
Base Dawgz ($DAWGZ) is a new meme coin with a unique approach in the crypto space. It operates on Coinbase's Base network, an Ethereum Layer-2 solution that offers low gas fees and high-speed transactions. Additionally, $DAWGZ can function across multiple blockchains, including Ethereum, Solana, Binance Smart Chain, and Avalanche, improving its usability and reach.
The project features a "Share-to-Earn" model, motivating community members to create and share content about Base Dawgz on social media. This engagement earns points that can be redeemed for $DAWGZ tokens after the presale, promoting viral growth and community involvement.
Base Dawgz's presale began more than two weeks ago, now the token price is $0.00502. The presale follows a stage-based structure, where the token price increases at set intervals, motivating early investment. The presale has been successful, by quickly raising over $1.5 million. Investors can purchase $DAWGZ using ETH, BNB, AVAX, or SOL.
Regarding tokenomics, 20% of the total supply is allocated to the presale, another 20% for staking rewards, 20% for liquidity, 15% for marketing, and the remaining for community rewards and exchange listings. This allocation ensures incentives for both early investors and long-term growth. After the presale, $DAWGZ will be listed on various decentralized exchanges, increasing its market presence and liquidity.
With the red trend covering the wider crypto market, traders are still looking for the next big token that will 100x their investments.
Top industry analysts suggest that there are still opportunities for profit during this period, and highlight these two emerging presales - PlayDoge ($PLAY) and Base Dawgz ($DAWGZ).
As both are in their presales, you have the opportunity to secure them at a fraction of their expected price after listing!
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.