Shiba Inu reaches 9th spot in market cap while new Doge-inspired meme coins like PlayDoge and Dogeverse gain traction with innovative features and successful presales.
Meme coin Shiba Inu (SHIB) has recently achieved a significant milestone, surpassing Cardano (ADA) to secure the ninth spot by market capitalization. As of now, SHIB is valued at $16.4 billion, having added 9.2% over the past week. This surge has positioned SHIB just behind Dogecoin (DOGE), which holds the eighth spot.
Despite a 67.7% decline from its all-time high recorded in October 2021, Shiba Inu has managed to show resilience, with 67.07% of all addresses currently in the money. This marks the highest percentage of profitable holders since March. The recent price spike saw SHIB recording nearly 13,000 transactions on May 30, a significant increase after struggling to break the 10,000 mark for over a week.
PlayDoge Raises Over $400,000 in Presale: A New Contender in Meme Coins and P2E Gaming
In the wake of SHIB’s rise, other meme coins are also gaining traction. PlayDoge, a new Doge meme coin, has made a notable entry into the cryptocurrency market by raising $315,000 within hours of its presale launch. Combining the popularity of Doge memes with the play-to-earn (P2E) gaming model, PlayDoge ($PLAY) aims to carve out a unique niche in the crypto space.
PlayDoge’s presale success highlights the growing interest in meme coins and the P2E gaming sector. Operating on the BNB Smart Chain, PlayDoge is well-positioned for potential future listing on Binance, the largest centralized exchange, which commands a significant market share.
PlayDoge transforms the iconic Doge meme into a Tamagotchi-style virtual pet game, allowing players to earn $PLAY tokens. This approach merges nostalgia with modern blockchain technology. The game features 2D companion games reminiscent of popular 1990s side-scrolling hits. Players earn rewards by taking care of their digital pets through feeding, training, and ensuring they get enough sleep.
The presale price of $PLAY starts at $0.005, using a price ladder mechanism that rewards early buyers with lower prices. With a total token supply of 9.4 billion, 50% is available in the presale.
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The strong start in its presale phase indicates significant interest and confidence in PlayDoge’s potential. The price of $PLAY is set to increase to $0.00501 in three days, further driving demand. The recent success of meme coins like $PEPE and $BONK suggests a strong market appetite for these assets. PlayDoge, with its combination of meme appeal and gaming utility, is well-positioned to capitalize on this trend.
Dogeverse (DOGEVERSE): Last Chance to Join the Presale
Dogeverse, another promising meme coin, is in the final stages of its presale, which ends on June 3rd. Following this, tokens will be claimable starting June 5th. Dogeverse has raised over $15 million since its launch, with the token priced at $0.00031 during the presale, making it an accessible investment.
Dogeverse’s main selling point is its multichain nature, allowing investors to choose which chain to claim tokens on. It will launch on six different chains—Ethereum, BNB Chain, Polygon, Base, Avalanche, and Solana—enabling seamless transfers and user flexibility in terms of speed, cost, and other attributes. This is a significant advantage over competitors, making Dogeverse the first multichain meme coin.
Once purchased, tokens will be available for claims and staking on Dogeverse’s website. Staking has been extremely popular, with over 34.3 billion DOGEVERSE tokens staked, promising an estimated annual reward of 47%. This high level of staking suggests strong investor commitment and reduces the likelihood of a massive sell-off post-launch.
Prominent YouTubers like ClayBro and Cilinix Crypto have endorsed Dogeverse, adding credibility and visibility. Dogeverse has also passed an audit by Coinsult, providing peace of mind regarding its security and legitimacy.
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Dogeverse’s innovative approach and real utility set it apart from typical meme coins. The token’s cross-chain functionality and staking rewards provide practical applications, making it a more appealing long-term investment. As meme coins continue to gain popularity, Dogeverse’s combination of legitimacy, passive income potential, and cross-chain technology suggests it could be one of the year’s most promising new meme coins.
Market Context and Future Outlook
In this competitive doge-inspire meme coin market, emerging projects like PlayDoge and Dogeverse are leveraging unique features and innovative approaches to carve out their own niches. PlayDoge’s integration of P2E gaming and Dogeverse’s multichain functionality and staking rewards highlight the advancements made in the meme coin market.
For those looking to invest in promising meme coins, PlayDoge and Dogeverse offer compelling opportunities. PlayDoge combines the nostalgic appeal of virtual pets with modern blockchain gaming, while Dogeverse introduces innovative multichain functionality and high staking rewards.
