Shiba Inu Whales and Dogecoin Whales Cash Out, Is Tamadoge a Better Investment
Throughout 2022, Shiba Inu and Dogecoin have experienced huge price corrections, leading whales to cash out of the popular meme coins. While investors are looking for alternative meme investments, many are looking to invest in Tamadoge - a popular play-to-earn (P2E) cryptocurrency project.
Shiba Inu and Dogecoin Correction
Since the beginning of 2022, the best shitcoins have been going through a large-scale price correction. Notably, Shiba Inu (SHIB) and Dogecoin have both witnessed huge price dips and have not performed as well as some of the other top cryptocurrencies.
After starting August 2022 at $0.000012, Shiba Inu increased by 44% to $0.00001739. However, the cryptocurrency corrected back to the $0.000012 mark by the end of the month. On the other hand, Dogecoin also received a 24% price increase in the first 2 weeks of August before losing 27% of its valuation.
Shiba Inu and Dogecoin are trading 85% and 91% below their all-time high (ATH), respectively. The tokens have experienced a more turbulent performance than large-cap cryptos like Bitcoin, which has stabilized at the $20,000 mark in recent weeks. Since the cryptocurrencies have not been performing as well as other altcoins in the space, there is a possibility that the crypto whales have lost interest and are looking for other investments.
Noticeably, both Shiba Inu and Dogecoin corrected during the second half of August after the brief price increase, which whales may have concluded to be the ideal profit-taking moments for the respective tokens. As an alternative to Shiba Inu and Dogecoin, investors may consider Tamadoge as a valuable investment in 2022.
What is Tamadoge?
Tamadoge (TAMA) is a cryptocurrency project that leverages various DeFi (decentralized finance) protocols to offer players the opportunity to earn crypto-backed rewards in their ecosystem.
While the project is positioning itself as a meme coin, Tamadoge offers unique token offerings, use-cases and P2E project plans that make it a good investment. Here are some of the reasons why Tamadoge may be a better investment than Shiba Inu and Dogecoin:
NFT Interoperability
One of the main uses of TAMA is that it can be used to buy Tamadoge pets - virtually created avatars of dogs that have been minted as NFTs using smart contract technology. These tradable NFTs host unique characteristics and can be bought in the Tama store with the native token.
Apart from the pet NFTs, platform members can also purchase virtual items that will support the growth and breeding of the Tamadoge pets. Eventually, users can compete in competitions with their pet NFTs, with the top performers being rewarded with TAMA tokens from various prize pools.
Deflationary Tokenomics
A deflationary asset, Tamadoge can be seen as a more valuable investment than Doge and Shiba Inu. For example, Dogecoin and SHIB have a total token supply of 132 billion and 50 trillion, respectively. On the other hand, TAMA has a total supply of 2 billion tokens.
Notably, 5% of all TAMA spent on the ecosystem is burnt to ensure that the demand outweighs the supply. Since more investors will purchase a limited number of tokens, it can eventually help lift the token price. This helps make TAMA a valuable investment for long-term growth.
Ongoing Presale
Launched in August 2022, Tamadoge is experiencing one of the best crypto presales in 2022. With 50% of the 2 billion supply available to invest, Tamadoge has already collected more than 50% of its $19 million presale targets.
Furthermore, the round met its beta presale cap targets of $2 million within only 10 days. After releasing at $0.01 per token, TAMA will reach $0.03 by the end of the presale - a 3x price increase. Currently, the token has collected more than $9 million, TAMA is trading at $0.022 per token.
Future Roadmap Plans
Notably, Tamadoge is already working on several P2E platform releases in the coming years. Firstly, the team is expected to release an augmented reality Tamadoge app by Q4 2023. This application will retain the P2E dynamics as the web-based browser and provide a new means of accessing the platform.
In 2023, Tamadoge is also planning to partner with multiple metaverse-based projects and release its own P2E arcade-style game.
Tamadoge is also expected to maintain its strong token performance after the presale. According to the Tamadoge whitepaper, 20% of the token supply has been reserved for future listings on centralized (CEX) and decentralized exchanges (DEXs).
LBank, the popular CEX, and Uniswap, the global DEX, will be listing Tamadoge after the presale ends. This will help make TAMA a more globally traded crypto asset, which can positively affect trading volumes and token price.
Follow the Tamadoge Telegram Channel to stay updated with the latest news and updates surrounding Tamadoge. Telegram admins will never DM you first.
How to Buy Tamadoge
The sections below provide a step-by-step guide on how to buy Tamadoge.
Step 1: Set up a Cryptocurrency Wallet
Firstly, interested readers can set up a crypto wallet such as MetaMask - which is compatible with TAMA.
Traders can head over to MetaMask and click on ‘Download’.
Step 2: Buy ETH or USDT
TAMA can be purchased directly by swapping ETH or USDT tokens.
Investors who do not hold these assets can buy the tokens from a suitable crypto exchange and transfer them back to their MetaMask wallet.
Step 3: Link MetaMask to Tamadoge Presale Platform
The next step is to visit the Tamadoge website and click on ‘buy’. Click ‘Connect Wallet’ and choose their wallet provider to connect with the presale platform.
Follow the instructions to officially link the wallet.
Step 4: Buy TAMA Tokens
The final step is to buy TAMA by entering the token amount you wish to purchase (minimum 1,000 TAMA). Select ‘Convert ETH’ or ‘Convert USDT’.
TAMA tokens can be claimed once the presale ends by clicking on ‘claim’ on the Tamadoge website’s homepage.
It’s also possible to buy TAMA using a debit/credit card via the popular fiat on-ramp Transak. That option will be available after connecting a MetaMask wallet.
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