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After Bitcoin plunged to $55,000 on fears that collapsed crypto exchange Mt. Gox will flood the market with BTC, crypto investors are frantically searching for a safe haven in the storm. They may have found that haven in play-to-earn (P2E) tokens, which are mostly up over the past week despite the bearish turn in the market.
Are P2E tokens the best opportunity for crypto investors right now? We’ll take a look at 3 coins that are defying the bearish trend.
Notcoin Posts 23% Gain as Telegram Doubles Down on Games
Notcoin, the leading play-to-earn game on Telegram, is up 23% in the past week despite the turmoil in the broader crypto market. Half of that gain came in the past 24 hours, signaling that $NOT is unaffected by the Bitcoin release.
Notcoin’s price has potentially benefited from a move by Telegram to double down on tap-to-earn crypto games.
The messaging platform just added a menu bar for its mini-apps, making it easier for players to jump between games like Notcoin, Hamster Kombat, and others. The move is expected to boost engagement with Notcoin and introduce even more players to tapping and earning $NOT tokens.
While newer tap-to-earn games have stolen some of the attention lavished on Notcoin, the game’s popularity hasn’t waned. Notcoin boasts more than 40 million users and could keep growing as more of Telegram’s claimed 900 million global users take a chance at earning crypto.
‘Play-to-Airdrop’ Gaming Token $SAGA Jumps 6% Overnight
Layer-1 blockchain Saga Protocol launched its $SAGA token earlier this spring with a twist—in order to get tokens, players needed to compete in a series of play-to-airdrop games.
Players on Saga’s games earned points towards the $SAGA airdrop, giving them a chance to earn value in a token with enormous potential. Only the top players on the leaderboard of each game qualified for the airdrop, creating a lot of incentive for players to put in the work to be the best.
🎮 The Saga Advent Calendar of Gaming continues its journey! 🌟
📅 Starting Tomorrow Dec 20th @ 9AM PT, plunge into undead mayhem with Necrodemic by @Bullieverse! 🧟♂️🔫
⏰ Open for 24 hours—you have one final chance to battle zombie bears and secure a spot in the top 40 for a… pic.twitter.com/av3Flt5UNj
— Saga ⛋ (@Sagaxyz__) December 19, 2023
Now, $SAGA is available on the open market and is one of the most popular P2E tokens. It’s up 6% in the past 24 hours, turning around a sliding price even as the rest of the market falls around it.
Saga Protocol is more than just a gaming token. The project is focused on helping developers build new blockchains that are perfect for play-to-earn gaming. The platform could become a launchpad for P2E-specific networks, tying the future value of the $SAGA token directly to the value of the overall P2E ecosystem.
New P2E Project PlayDoge Raises $5.4m in Explosive Presale
PlayDoge, a new P2E crypto game currently holding its presale, has also had a strong week as investors look for alternatives to crypto majors. This gaming crypto has raised more than $5.4 million in a fast-moving presale and looks on track to sell out ahead of its $PLAY token launch.
PlayDoge is building a Tamagotchi-like game in which players earn $PLAY tokens as they care for a virtual doge pet. Players can also earn by taking their virtual doge on 20 video game-inspired side adventures. $PLAY tokens can be redeemed for in-game upgrades, giving players even more opportunities to win.
This game has generated a lot of excitement as the successor to Tamagotchi, which was one of the most popular games ever when it launched in the 1990s and sold more than 82 million units. PlayDoge will be available on iOS and Android, so it could potentially reach hundreds of millions of players worldwide.
Crypto analysts like Jacob ‘Crypto’ Bury have called PlayDoge the next 10x meme coin.
Players will need $PLAY in order to start earning while they play, so there’s a lot of demand to grab tokens while they’re on discount during the presale. Right now, early investors in $PLAY can buy tokens at a price of $0.00517 and earn 104% APY staking rewards.
