Dogecoin and Shiba Inu, both canine crypto assets, suffered some dips Tuesday evening along with other major cryptocurrencies and lost some of their weekend gains. DogeColony (DOGECO) on the other hand, it rose to $ 0.0000009575 with increases of up to 857 percent.
What is DogeColony (DOGECO)?
Dogecolony (DOGECO)is a community-driven gaming project with a simple concept at its core, released in 2022, and a cryptocurrency operating on the Binance Smart Chain (BEP20) platform. It is a new community and game focused project with a simple idea at its core.
DOGECO is simply a play-to-win token. You can play the game consisting of 1-30 Levels, which the team has released as a demo, by accessing it from the website. The adventure of the main character begins in a forest. and while collecting tokens in the game, you have to complete the level by neutralizing the enemies or escaping from them.
DogeColony Jumped Over 800 Percent!
DOGECO, which experienced a small loss after this sudden and big rise, is trading at $0.0000009106, with an increase of over 750 percent compared to Bitcoin and Ethereum at the time of writing, and an increase of 810 percent compared to the US dollar.
Despite this incredible increase, the meme cryptocurrency is trading nearly 100 percent below its all-time high, which it reached 2 days.
To compare the cryptocurrency’s rise to other cryptocurrencies, Dogecoin is up over 3% in the last 24 hours and is trading at $0.1598 at the time of writing. Shiba Inu, which describes itself as the “Dogecoin killer”, is trading at $0.000033, up over 10 percent in the last 24-hour period.
Why Is Dogecolony (DOGECO) Rising?
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:
This rise in the meme cryptocurrency is thought to be due to some of the gaming-related posts of the cryptocurrency on its Twitter account and its recent listing on platforms such as CoinMarketCap and CoinGecko.
The developer team behind the DogeColony project announced that the play-to-win (P2E) game has been released as a demo. According to the announcements made on Twitter, users will be able to enjoy the game by playing as their own NFT in the game:
“DogeColony NFTs are fun and unique works of art, each with a different style. Holders will be able to play as their NFT in the DogeCo PlayToEarn Game. A few lucky wallets will get extra power, extra life and weapons they can use in-game.”
DogeColony #NFTs are fun and unique works of art, each with a different style.
Holders will be able to play as their NFT in the #DogeCo #PlayToEarn game.
A few lucky wallets will gain extra power, extra life and weapons that they can use in-game. pic.twitter.com/Dq2RoYbchp— Doge Colony (@DogeColony_io) February 8, 2022
DogeColony says it will be shoulder to shoulder with big dog meme coins like DOGE and Shiba Inu and aims to be the main token of all future Doge tokens.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.