TRENDING MEME COIN BABY BEERCOIN UP OVER 40% IN 24 HOURS, PLAYDOGE RAISES $4.5M

BABY BEERCOIN (BBEER) is off to a strong start this week.

The trending meme coin has risen by more than 40% in the past day as retail investors flocked to it.

But BBEER isn’t the only meme coin performing well.

New dog-themed token PlayDoge (PLAY) has raked in $4.5 million in presales and is garnering attention from all sides of the market.

Baby Beer Coin price surges by over 40%

The price trends of BABY BEERCOIN are currently a hot topic.

The token, which is derived from the popular BEERCOIN (BEER) token, has surged over 40% in the past 24 hours to hit $0.000832.

BBEER’s rise comes on the heels of an early June price surge for the original BEERCOIN, which fizzled out last week amid rumors of price manipulation by whales.

Undaunted, BABY BEERCOIN capitalized on the remaining enthusiasm, seeing its daily spot trading volume increase by 319% to $5.2 million.

This has propelled BBEER to number two on CoinMarketCap’s trending cryptocurrency list.

However, BBEER is still relatively unknown.

Liquidity remains a concern as it is only tradable on Raydium DEX and MEXC.

Like most meme coins, BBEER has no practical or innovative purpose beyond beer-themed branding.

As such, its price is driven almost entirely by speculation.

As a result, crypto-related Twitter conversations are filled with both excitement and caution as people consider the possibility of sudden price rises and falls.

A closer look at the rise and fall of BEERCOIN

As mentioned above, BABY BEERCOIN pays homage to the original beer-themed token, BEERCOIN.

Just a few weeks ago, BEERCOIN was one of the most popular new meme coins.

It surged more than 6,300% in the weeks following its listing on the DEX, reaching a market capitalization of nearly $300 million at its peak.

However, BEERCOIN’s rise did not last long.

Last week, the token’s price plummeted by more than 70% amid allegations of market manipulation by crypto whales.

Reports have surfaced that a whale has deployed an elaborate pump-and-dump scheme, accumulating vast quantities of beer and then selling it off for huge profits.

This led to selling as individual investors panicked and sold off their holdings.

Ultimately, this selling pressure caused the price of BEER to drop to $0.000149 on Saturday, its lowest price since May 26th.

Interestingly, the token still attracted spot trading volume of over $170 million in the past 24 hours.

This suggests that while BEERCOIN’s price may have crashed, it is still attractive to some investors.

Tamagotchi-inspired PlayDoge raises $4.5M amid pre-sale excitement

While BABY BEERCOIN is making waves, another meme coin, PlayDoge, is also raising a lot of money.

Last weekend, PlayDoge’s presale crossed the $4.5 million milestone, with investors further embracing the Play-to-Earn (P2E) concept.

PlayDoge hopes to attract both gamers and investors by combining nostalgic Tamagotchi-esque pets with 8-bit design.

The premise of the game is simple.

Players download the PlayDoge mobile app and start caring for their digital Doge puppy.

By keeping players fed and entertained through side-scrolling mini-games, you’ll earn PLAY tokens.

These tokens can be traded on the open market or staked to earn passive income.

It’s a clever reinterpretation of the ’90s virtual pet craze that took homes around the world by storm.

At the time, kids were obsessed with bringing Tamagotchis to life, and more than 82 million Tamagotchis were sold.

But this time, PlayDoge is adding actual financial incentives to the gameplay.

While details have yet to be revealed, PlayDoge’s whitepaper outlines a tokenomics structure that will allocate over 611 million PLAY tokens for additional “community rewards.”

There is also a huge amount of money set aside to fund marketing campaigns.

This shows that the developers are serious about building a strong community and gaining a large user base.

So while BABY BEERCOIN may be in the spotlight for a short time, PlayDoge’s long-term potential is likely much greater.

Visit PlayDoge Presale

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