PlayDoge Raises 55 Million in ICO for New P2E Token Notcoin Surges over 25 in Bear Market

CoinWorld.com report:
Notcoin (NOT) challenges gravity in the current difficult market.
While most cryptocurrencies have suffered losses, NOT has risen 27% in the past week, attracting the attention of investors.
This rebound comes as another player in the crypto gaming space, PlayDoge (PLAY), surpasses the $5.5 million mark during its ICO phase.
Notcoin’s impressive comeback has surprised investors.
Notcoin is impressively making a comeback.
After a difficult period, NOT has rebounded significantly and is currently trading at around $0.0169.
This is a 27% increase compared to last Monday.
If you closely observe the trend since the low point on Friday, we will see a significant surge of 83%.
The weekend has been particularly good for NOT, with a substantial increase in token prices.
Now, it is aiming for a third consecutive green closing, an achievement not seen since the last week of May.
But what is impressive goes beyond Notcoin’s price.
The spot trading volume has reached $1.1 billion in the past 24 hours, making it the ninth largest cryptocurrency by trading volume.
Notcoin’s market value has also returned to $1.7 billion.
Bulls have an exciting idea: if the price rises another 74%, it will not return to the historical high in early June.
Just a few days ago, this seemed impossible.
Ultimately, this is another example of the rapid change in cryptocurrency wealth.
Why is the cryptocurrency market in a deficit?
Considering the bear market in the current market, Notcoin’s rebound is even more impressive.
While NOT has been soaring, most other cryptocurrencies have been in the red.
The overall market has been hit, mainly due to economic uncertainty, ETF outflows, and unexpected moves in Germany.
Investors are in a nervous state, with concerns about US inflation and interest rates keeping everyone on alert.
What worries investors even more is the further outflow of funds from Bitcoin spot trading exchanges.
Traders seem to be cautious, reducing their exposure to BTC.
In addition, Germany has been selling part of its Bitcoin reserves.
Over the weekend, an address associated with German authorities sent more than $40 million to another address.
Blockchain detectives speculate that this may be a sign of the government preparing to sell its holdings of Bitcoin.
However, despite all this, Notcoin has been thriving.
This reminds us that unexpected things can happen in the cryptocurrency market.
Is this the next Notcoin? PlayDoge ICO reaches $5.5 million, nostalgic P2E game generates excitement
Speaking of projects that defy the trend, let’s talk about PlayDoge.
Despite the bleak market outlook, this new company has been active during the ICO phase, raising over $5.5 million.
The creators of PlayDoge are tapping into nostalgia with their retro-style P2E game.
This game allows players to take care of virtual pets, similar to Tamagotchis from the 90s.
But players will receive real cryptocurrency rewards, not just satisfaction.
These rewards are distributed in the form of PLAY (PlayDoge’s native BEP-20 token).
In addition to the P2E game, PlayDoge also offers betting opportunities with an estimated annual return of 104%.
Therefore, in theory, players can increase their income by playing PlayDoge games and then staking their PLAY tokens.
This is a smart way to engage players and invest in the ecosystem.
The interesting thing about Notcoin and PlayDoge is that they are able to generate excitement in a sluggish market.
They are proving that projects with strong communities can still thrive even in pessimistic conditions.
PlayDoge certainly has this — over 9,400 people are active in the official Telegram channel.
Of course, since PlayDoge has not yet been listed on the public market, it is impossible to know how it will perform once trading begins.
But if there are any signs of early hype, PlayDoge is expected to have an exciting debut.
Visit the PlayDoge presale
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