Chapter 2.
DogeCash (DOGEC) enjoyed a 29% price increase today, while nearly all other cryptocurrencies went down, some by as much as 20%. What does that tell you!
Metcalfe’s Law basically implies that the value of a network grows in proportion with the number of all possible connections. The premise is a square law, but it is generally accepted that a factor of 1.6 applies to Cryptocurrency eco-systems.
Let me show you some statistics.
DogeCoin: Total Supply: Unlimited, Circulating: 128 Billion, Price $0.05
DogeCash: Total Supply: 21million, Circulating: 14 Million, Price $0.05
DogeCoin: ECO friendly: NO, Charitable: NO, Privacy: NO
DogeCash: Eco friendly: YES, Charitable: YES, Privacy: NO
DogeCash also has the same metrics as Bitcoin. In fact it is based on Litcoin’s code, which is based on Bitcoin’s.
So lets do a compassion with Bitcoin.
Bitcoin: Total Supply: 21 million, Circulating: 18 Million, Price $48,500
DogeCash: Total Supply: 21million, Circulating: 14 Million, Price $0.05
Bitcoin: ECO friendly: NO, Charitable: NO, Privacy: NO
DogeCash: Eco friendly: YES, Charitable: YES, Privacy: NO
So what is the difference between these coins, apart from the obvious that DogeCash is better. The NETWORK EFFECT.
In the following daily chapters I shall cover each of the topics above and explain why DogeCash will not only be the competitor to Bitcoin and Doge, but how this will happen.
Since writing this article the price of DogeCash is now around $0.10. Let the journey begin!
See you at the Clubhouse 12 noon tomorrow.
