This Play-To-Earn Dogecoin Knockoff Is Up Almost 700% Today

Dogecoin DOGE/USD and Shiba Inu SHIB/USD fell on Tuesday evening along with some major cryptocurrencies.

However, some of the knockoff coins are seeing strong gains, with Dogecolony DOGECO/USD up 690.1% during the past 24 hours to $0.0000007905.

What Happened: Dogecolony has surged more than 680% each against Bitcoin and Ethereum.

For comparison, Dogecoin is down 4.0% during the past 24 hours, trading at $0.1576 at press time. Shiba Inu, the self-described “Dogecoin killer,” has lost 4.6% over the 24-hour period to $0.00003146.

See Also: How To Buy Dogecoin (DOGE)

Why It Matters: Dogecolony says it aims to be the main token of all future Doge tokens.

The project behind the coin said it has released its play-to-earn (P2E) game that can be played as a demo.

The coin announced on Twitter that its holders will be able to play as their non fungible token (NFT) in the P2E 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

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