The red-hot spring in the crypto market has inspired a wealth of new presales, especially around meme coins. We’ve seen dozens of launches in the last month, with many more new tokens slated to hit the market for the first time in July and August.
Two of the biggest meme coin presales we’re watching are MoonBag and PlayDoge, both of which got off to impressive starts. However, in the duel between meme coin ICOs, PlayDoge has pulled ahead—it’s raised more than $5.5 million compared to $3.3 million for MoonBag.
Let’s take a closer look at these two ICOs and what’s pushing PlayDoge ahead.
MoonBag Raises Over $3M in Presale Token Sales
MoonBag’s presale promises investors to help them “fuel your MoonBag to the moon.” It’s a hype-driven meme coin designed to deliver a big pump after launch—then keep pumping for months or even years afterward.
The key to MoonBag’s $MBAG token is a series of buyback and burn events, which will ultimately remove up to $2.5 million in $MBAG from the market. It’s not known when these buyback and burn events will happen, but MoonBag estimates every 3-6 months after launch.
Token buybacks and burns are a big deal because they reduce available supply and push up the price of existing tokens. So, MoonBag essentially has its own built-in price support—all investors in $MBAG need to do is hold on.
MoonBag is also incentivizing investors to hold onto their $MBAG with staking rewards. During the presale, early investors can earn 88% APY. Staking rewards won’t vest until 3 months after the presale ends, so the majority of early investors are likely to hold through the token’s initial exchange offering rather than sell for a quick profit.
The $MBAG presale has been fairly successful, raising more than $3.3 million in token sales. However, as we’ll see, that hasn’t been nearly enough to keep up with the much more explosive PlayDoge presale.
Why PlayDoge Can be a Better Presale Investment
The PlayDoge meme coin presale was initially neck-and-neck with the MoonBag presale for token sales, but it’s since rocketed into the lead with a more than $5.5 million raise. The presale is selling $PLAY tokens so quickly that it’s hard to imagine MoonBag catching back up.
The key to PlayDoge’s success is its upcoming play-to-earn crypto game, which is modeled on the 1990s hit game Tamagotchi. In PlayDoge, players will earn $PLAY tokens as they care for a virtual doge companion. They can spend their $PLAY tokens on in-game upgrades, enabling them to better care for their pet and earn even more $PLAY.
PlayDoge also expands on Tamagotchi by giving players the chance to take their doge companions on 20 side adventures inspired by classic video games like Super Mario Bros. The more players accomplish with their doge, the more $PLAY tokens they earn.
PlayDoge is expected to launch on iOS and Android, making the game available to an enormous global audience. It could be one of the first play-to-earn crypto games to really break through among non-crypto users.
Thanks to that potential, analysts like Jacob ‘Crypto’ Bury have called $PLAY the next 100x token. It’s also gotten praise from prominent analysts like Matthew Perry, Oscar Ramos, and Crypto Gains.
The PlayDoge presale is selling out fast, and early investors can earn up to 93% APY staking rewards for a limited time. Don’t miss this chance to join the biggest meme coin presale of the year before the next price increase.