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Notcoin Rises Over 25% and Surpasses Solana’s 24-Hour Volume as New Gaming Token PlayDoge Raises $1.7 Million
Meme coins have had a field day recently.
Notcoin (NOT) leads the chart, rising more than 25% in the last 24 hours and outperforming Solana’s trading volume.
But while Notcoin is stealing the spotlight, new meme coin PlayDoge (PLAY) is also turning heads – and raised an impressive $1.7 million in the first week of its pre-sale.
Notcoin dominates the cryptocurrency hype cycle with huge trading volumes
Notcoin remains one of the most talked about cryptocurrencies on the market.
This cheeky token it rose to $0.025with spot trading volumes exceeding $2.1 billion in the past day.
That’s nearly $200 million more than Solana over the same period.
The hype machine has been working overtime for Notcoin.
Much of this hype is due to the token’s integration with Telegram, which gives it access to the messaging platform’s huge user base.
But the real draw has been Play-to-Earn (P2E) gaming and businesses that allow Telegram users to earn real cryptocurrencies just for getting involved.
Add in a successful airdrop that distributed NOT tokens to over a million users, and it’s clear why Notcoin is among CoinMarketCapthey are the trending cryptocurrencies.
The charts don’t lie either: NOT has grown 180% in the last week and even reached a new all-time high on Sunday.
While some believe Notcoin’s bull run is just a flash in the pan, others see it as a sign that simple (but innovative) projects can still thrive in the meme coin market.
NOT maintains momentum despite regulatory uncertainty
Notcoin’s wild ride came in the midst of a major crypto chaos.
President Biden recently vetoed a bill that would have overturned the SEC’s crypto accounting rules known as SAB 121.
These rules essentially force banks to treat cryptocurrencies held by customers as a liability on their books rather than an asset.
According to Biden, eliminating SAB 121 would remove important barriers that protect consumers from the risks of cryptocurrencies.
However, the crypto community heavily criticized the veto.
They argue that SEC rules stifle innovation by making offering cryptocurrency custody services a legal nightmare for banks.
This whole debacle led to huge uncertainty just as the craze around meme coins like Notcoin was heating up.
Since Congress is unlikely to override the veto, the SEC’s controversial rules remain in place for now.
Yet despite the regulatory turbulence, Notcoin continues to rise, proving that investors are NOT fazed by volatile market conditions.
Will the next gaming token explode? Nostalgic P2E game PlayDoge captivates investors and raises $1.7 million in pre-sales
While Notcoin’s rise has left investors buzzing, another meme-style project is also gaining attention.
PlayDogewhich offers a new take on P2E games, has grossed over $1.7 million in pre-sales so far, even though the project was only announced a week ago.
The nostalgia factor is undeniable – PlayDoge reinvents the virtual pet craze of the 90s with a cryptographic twist.
Instead of a Tamagotchi, players raise an 8-bit “Doge” through feeding and minigames.
By doing this, players will earn rewards in the form of PLAY tokens.
These PLAY tokens can then be staked to earn returns 181% per year.
For PlayDoge to generate this much pre-sale traction could mean some serious appetite for its hybrid P2E/staking model.
And this appetite is further demonstrated by the praise of cryptocurrency influencers.
Curse of cryptocurrenciesa popular YouTuber, discussed whether PlayDoge will be the “next big cryptocurrency game” in a video posted last week.
Fellow YouTuber Matthew Perry he even invested $500 in the PLAY token presale.
With the pre-sale still ongoing and the game’s official launch still coming, the excitement around PlayDoge is likely to continue to grow.
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