February 9 was a green day when multiple altcoin projects announced huge news and the overall market was on the rise. In this article, let’s take a look at the developments that spurred the play-to-win game Dogecolony (DOGECO), which has brought its earnings to 800% in the last 24 hours as SHIB and DOGE rally. For details cryptocoin.com keep reading.
SHIB and DOGE stared, DOGECO flying
Today, as Dogecoin (DOGE) and Shiba Inu (SHIB) continue their recovery, a dog-themed cryptocurrency has hit 800% gains in the last 24 hours. Dogecolony (DOGECO) thus gained almost 800% against Bitcoin and Ethereum. For comparison, Dogecoin is trading at $0.1594, up 3.41% over the past 24 hours. Shiba Inu, which describes itself as the “Dogecoin killer”, rose 11.9% in the same period and reached $0.00003343 with a 50% performance compared to last week. So, why is DOGECO rising?
Dogecolony (DOGECO) has a metaverse game divided into 1-30 levels and operates the reward mechanism of the DOGECO play-to-win ecosystem. The game is very popular because it can be played via a web browser. In a price-driven development, the developer team behind the project announced that it has released a play-to-win game that can be played as a demo:
DogeColony NFTs are fun and unique works of art, each with a different style. Owners will be able to play as their NFT in the DogeCo play-to-win game. A few lucky wallets will gain extra power, extra life and weapons that they can use in-game.
What is Dogecolon (DOGECO)?
Dogecolony owns a play-to-win token listed on the Finexbox exchange. It currently offers a game consisting of levels 1-30, which the team has released as a demo, and can be played simply via web browsers. While collecting tokens in the game, you have to neutralize the enemies or escape from them to reach the end of the level. On closer inspection, the token imposes an 8% tax on purchase. 3% of this is distributed to DogeColony owners as loyalty rewards.
DOGECO price reached 800% in the last 24 hours with the purchases of February 8 and 9. DOGECO, the 4292nd largest cryptocurrency according to CoinMarketCap data, has a trading volume of 700 thousand dollars. However, it is trading 98.29% below the ATH level despite the recent rally. DOGECO reached its peak price of $0.00005311 on February 7th and is experiencing fluctuations in excess of 500% with highly volatile price movements.
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