Coindroids has announced that they will be supporting Dogecoin (DOGE). This is after a poll they conducted, on which cryptos to support, and Dogecoin came a close 2nd to Bitcoin Cash (BCH). Though BCH took the top spot, the Coindroids team settled on Dogecoin (DOGE), but will consider supporting BCH later along.
Coindroids is a game, where winners win real crypto coins. Here is how they describe themselves on their website.
The game has been around for some time now, and the fact that it is supporting Doge is welcome news for the Dogecoin community. That’s because, Dogecoin has slipped down coin market cap rankings in the last couple of days. After a stellar performance in the last couple of months, Dogecoin seems to have lost momentum this week and has dropped from 20th to 25th. In essence, such positive news could see it push back up on market cap rankings.
This will come from the demand that will be generated by gamers on Coindroids. That’s because, as per the Coindroids website, players earn money by defeating their opponents and that’s an incentive enough to keep crypto flowing through the system. Below is a detailed explanation of how the game works, and the key reason why it is a big deal to the demand for Dogecoin (DOGE).
‘You can earn money in Coindroids in two ways, attacking and defending. When you attack, if you are able to destroy a droid, you will win the contents of their purse. If you and another droid share in the destruction during the same block, that money is split between you. Defending is not passively, there is no actual defense action, simply trying to stay alive as long as possible is the key here. The more blocks you stay alive, and the larger your droids purse is, the more funds that may come to you when you are attacked by others.’
Dogecoin’s addition to Coindroids comes a few days after Salt announced that they would be accepting Dogecoin as collateral for loans. It’s an indicator that there is a growing demand for Dogecoin in the markets. Dogecoin’s growing rate of adoption comes from the fact it has some great fundamentals to it. Doge is fast, secure and highly decentralized. Sending value over the internet using Doge is very convenient. This explains why it transaction volumes consistently rank highly in the markets. This is an attribute that brings in most of these platforms looking to use Dogecoin. drives the adoption of Dogecoin in the market.
However, the Dogecoin (DOGE) community is probably the biggest value driver for Dogecoin. This community is ever vibrant irrespective of the direction that the prices go. Its easy nature draws in not just new investors, but merchants as well. This is a huge factor that will add to the overall value of Dogecoin (DOGE) going into the future. The future looks great for Dogecoin (DOGE).