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PlayDoge Presale Raises $5M – Is this the Next P2E Meme Coin to Explode?

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The PlayDoge ($PLAY) presale is rapidly progressing as its total raise clears $5 million.

Its juncture as a hybrid P2E meme coin has drawn huge excitement and is underscored by its skyrocketing presale momentum.

PlayDoge‘s presale is taking place across 40 stages, and the price will increase for each.

The current price is $0.00511, but this will rise in one day or when the total raise hits $5.4 million.

PlayDoge delivers a nostalgic remake of the hit 90s Tamagotchi game

PlayDoge is a contemporary remake of Tamagotchi, but with higher stakes.

Tamagotchi is an iconic pet companion game that launched in the 1990s. It sold over 82 million units and is a fond childhood memory for many users.

PlayDoge is turning back time and enabling users to relive their childhood experiences, except with real crypto rewards on the line.

By caring for their pet doge, they’ll earn XP and climb up the project’s leaderboard. They can also generate XP by completing minigames.

The higher players go on the project’s leaderboard, the more $PLAY they can earn.

It’s a captivating concept based on nostalgic gaming and value.

But here’s the kicker: users must hold $PLAY to receive rewards. $PLAY can also be used to make in-game purchases and for staking.

This innate utility translates to demand potential, which could bolster the token’s price.

With that, PlayDoge transforms from a compelling gaming concept into a viable trading opportunity.

While that’s a big reason for its presale success, the project’s focus on community rewards is also drawing attention.

Investors stoked about massive $PLAY staking rewards and community initiatives

There are huge staking rewards on offer that make the PlayDoge presale even more appealing.

Holders can garner a whopping 139% APY by depositing their tokens in the staking contract.

Of course, rewards will not always be that high. As the amount of tokens staked rises, the APY will decrease.

Over 135 million $PLAY have already been staked, reflecting the community’s appetite to earn more tokens.

PlayDoge has a total supply of 9.4 billion tokens, and 12% of the tokens have been allocated to staking rewards.

The team has also earmarked 6.5% for community rewards.

Further details on community rewards have yet to be released, but that 6.5% allocation could mark a lot of value as the $PLAY price rises.

50% of the tokens are allocated to the presale, and others will be split between liquidity, marketing, and project funds.

With a captivating use case and carefully placed tokenomics, respected industry figures are swarming the PlayDoge presale.

Matthew Perry is one of those who recently provided a bullish analysis to his 223K YouTube subscribers.

And he’s not the only one, either. Fred Crypto provided seven reasons why PlayDoge could 50x, and the Cryptonews YouTube channel speculated the project has 100x potential and could “make you a millionaire.”

The P2E meta is thriving, good news for $PLAY?

The P2E frenzy may just be getting started.

Bloomberg recently called P2E crypto’s “next killer app,” pointing to the mass adoption of the Toncoin-based project Hamster Kombat.

The project has garnered 150 million users – more than the United Kingdom and France populations combined!

It also eclipses Call of Duty’s active user base of around 90 million.

Other P2E cryptos are also taking off. Notcoin, for instance, has garnered a 40 million-strong user base and airdropped its token to users in May.

Per CoinMarketCap data, Notcoin now holds a staggering $1.5 billion market cap, making it the 55th most valuable cryptocurrency.

The unprecedented growth of these protocols represents a huge breakthrough in crypto mass adoption and could indicate an exciting future for PlayDoge.

Users can follow PlayDoge on X or join its Telegram to stay updated. Alternatively, they can visit its website to buy and stake tokens.

Visit PlayDoge Presale

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Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

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Massive DOGE Whale Activity Hints at $1 Breakout

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TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

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Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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