Meme cash have been having a discipline day not too long ago.
Notcoin (NOT) is main the cost, climbing over 25% up to now 24 hours and outperforming Solana’s buying and selling quantity.
However whereas Notcoin is stealing the highlight, new meme coin PlayDoge (PLAY) can be turning heads – and has raised a formidable $1.7 million within the first week of its presale.
Notcoin Dominates Crypto Hype Cycle with Monumental Buying and selling Volumes
Notcoin stays one of the talked-about cryptos in the marketplace.
This cheeky token has climbed to $0.025, with spot buying and selling volumes blowing previous $2.1 billion within the final day.
That’s virtually $200 million greater than Solana throughout that very same span.
The hype machine has been working additional time for Notcoin.
A lot of this hype is because of the token’s integration with Telegram, giving it entry to the messaging platform’s huge person base.
However the actual hook has been the Play-to-Earn (P2E) recreation and duties that allow Telegram customers earn precise crypto only for getting concerned.
Toss in a profitable airdrop that distributed NOT tokens to over 1,000,000 customers, and it’s clear why Notcoin is amongst CoinMarketCap’s trending cryptos.
The charts don’t lie both – NOT is up 180% up to now week and even hit a brand new all-time excessive on Sunday.
Whereas some imagine that Notcoin’s bull run is only a flash within the pan, others see it as an indication that straightforward (but revolutionary) tasks can nonetheless thrive within the meme coin market.
NOT Maintains Its Momentum Regardless of Regulatory Uncertainty
Notcoin’s loopy run has come in the course of some main crypto chaos.
President Biden not too long ago vetoed a invoice that might’ve overturned the SEC’s crypto accounting guidelines often called SAB 121.
These guidelines principally pressure banks to deal with customer-held crypto as a legal responsibility on their books as an alternative of an asset.
In Biden’s view, eliminating SAB 121 would take away essential guardrails defending customers from crypto’s dangers.
Nonetheless, the crypto neighborhood has criticized the veto closely.
They argue the SEC’s guidelines stifle innovation by making it a authorized nightmare for banks to supply crypto custody providers.
This entire debacle has led to huge uncertainty simply because the mania round meme cash like Notcoin was heating up.
With Congress unlikely to overturn the veto, the SEC’s controversial guidelines are sticking round for now.
But regardless of the regulatory turmoil, Notcoin is continuous to soar – proving that NOT buyers are unfazed by the risky market circumstances.
Subsequent Gaming Token to Explode? Nostalgic P2E Sport PlayDoge Captivates Traders & Raises $1.7M in Presale
Whereas Notcoin’s rise has left buyers buzzing, one other meme-style venture can be drawing consideration.
PlayDoge, providing a brand new tackle P2E gaming, has raked in over $1.7 million in its presale up to now, regardless that the venture was solely introduced one week in the past.
The nostalgia issue is plain – PlayDoge reimagines the ‘90s digital pet craze with a crypto twist.
As a substitute of a Tamagotchi, gamers nurture an 8-bit “Doge” by way of feedings and mini-games.
By doing this, gamers will earn rewards within the type of PLAY tokens.
These PLAY tokens can then be staked to earn yields of 181% per year.
For PlayDoge to be producing a lot early presale traction may imply a critical urge for food for its hybrid P2E/staking mannequin.
And this urge for food is additional evidenced by the reward from crypto influencers.
Crypto Mischief, a preferred YouTuber, mentioned whether or not PlayDoge is the “subsequent massive crypto recreation” in a video launched final week.
Fellow YouTuber Matthew Perry even invested $500 within the PLAY token presale.
With the presale nonetheless ongoing and the sport’s official launch but to come back, the thrill round PlayDoge appears to be like more likely to preserve constructing.
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