DogeCash Price in USD_ DOGEC Live Price Chart & News _ CoinGecko

Dogecash is pumping and has gained 43% during the last 24 hours to the current price of $0.0316 after trading at $0.0196 on Tuesday – with the meme coin also jumping 66% over the past seven days, according to CoinGecko.

The gains made by DOGEC make it one of the top performing low cap cryptos in recent weeks. It has outperformed the broader market, which lost 6.7% of the total market cap within 24 hours, and the recent price pump offers relief for the token – which has fallen a massive 99% from its 2019 all-time high.

Dogecash outperforms the broader market

The DOGEC price movement during the past month shows a period of intense volatility. Despite the gains made within the past 24 hours, DOGEC is down by 9.4% over the past month and dropped to $0.008 towards the end of August, marking a monthly low.

The candles show bulls are gaining momentum, and DOGEC could set the next price target at $0.05. However, volatility could pick up again as sellers dominate the market to avoid the situation witnessed earlier this month, when bears took control of the market after a massive pump. In case of a dip, DOGEC will fall to the immediate support of $0.0249.

Dogecash’s overall price forecast is bearish. Dogecash is a digital currency launched in 2018 with a memecoin model – however, despite being in the market for nearly four years, Dogecash has failed to attract solid community support, as seen in the 24-hour trading volumes of $1,092.

Dogecash does have solid tokenomics, with a maximum supply of 210,000,000 tokens and a circulating supply of 18.833,689. Unlike Dogecoin, Dogecash also runs on an environmental-friendly Proof-of-Stake (PoS) consensus.

Besides promoting itself as a currency, Dogecash lacks other utility which could explain the intense volatility.

Should you buy Tamadoge (TAMA) instead?

Given the high volatility in DOGEC over the past month, investors could start selling and invest in Tamadoge. TAMA is an ERC-20 token that has taken a novel approach by integrating the meme coin concept with play-to-earn (P2E) gaming.

Crypto investors have shown a high appetite for crypto games projects, and venture capital firms are still allocating funding to GameFi projects despite the crypto winter. Tamadoge allows players to earn rewards through gaming. Rewards are earned when players mint, breed, nurture, and battle with their Tamadoge pets.

The meme coin is attracting attention because of its unique utility, while the Tamadoge presale has raised over $16 million in a little over a month, which makes the presale as successful as the Ethereum initial coin offering.

Tamadoge is a good investment for both the short-term and the long-term, with the blockchain gaming industry steadily becoming more mainstream despite the resistance it has seen from the traditional video game industry.

According to Thor Alexander, an alumnus of the Decentraland ecosystem who has worked in the video game sector since 1992, the integration of crypto into gaming will become widely accepted in the future.

According to the developer, the player ownership offered by Web3 opens a new world for players and Tamadoge is well-positioned to be at the forefront of the future of the gaming sector.

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Tamadoge - The Play to Earn Dogecoin

Our Rating

Tamadoge
  • '10x - 50x Potential' - CNBC Report
  • Deflationary, Low Supply - 2 Billion
  • Listed on OKX
  • Move to Earn, Metaverse Integration on Roadmap
  • NFT Doge Pets - Potential for Mass Adoption
Tamadoge