In just one week since the listings began, the value of Tamadoge (TAMA) has risen nearly 700%. In the last 24 hours of trading alone, the price increased by another 8.5%. This growth has started since the project developers officially launched the listing of coins on the large centralized exchange OKX. The momentum of the value increase is also maintained against the background that the token creators are now negotiating with the Binance exchange to start trading on this platform as well.
TAMA is showing growth and stability amidst the fact that other altcoins and well-known cryptocurrencies are crashing in the market. New coins are burning up in just a few days. At the same time, TAMA continues to attract investors. This is largely due to the fact that the developers offer token buyers a lot of interesting things in the near future. The Tamadoge project will be an ecosystem that combines a lot of features: its own Meta Universe, a game with augmented reality, NFT and more. Unlike other meme coins, Tamadoge demonstrates utility. This token has a good chance of leaving all competitors far behind.
Tamadoge price growth of 700% in just 1 week
Tamadoge coin started quoting on price aggregators CoinGecko and CoinMarketCap about a week ago. According to CoinGecko representatives’ statements, about 5 days ago the price of the coin was 0.01937309 dollars per unit. At the moment, the price has increased by almost 672%.
Graph Analysis
If we analyze the TAMA chart, we can notice a slight decrease in the price since it reached its first historical high of $0.194446. The relative strength index of the coin has decreased to 30. This was due to investors locking in their profits. Further, the chart shows a gradual increase in the relative strength of the token to 50. Also, the chart shows that the long-term momentum of the coin is recovering very quickly.
To evaluate this indicator, it is enough to pay attention to the ATH of $0.194446. Compared to the lowest pre-sale price of $0.01, the upside is almost 1844%. There are very few cryptomonets that could demonstrate a similar growth in market conditions.
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What provokes growth
Experts call the main factor of price growth exactly the beginning of listing on the large centralized exchange OKX, as well as the additional addition of the token on DEX OKX. These platforms help traders from all over the world to buy digital assets. Another important event for the TAMA cryptocurrency is the start of trading on the LBANK and MEXC Global exchanges, which took place on October 5.
In the official Telegram channel of the Tamadoge project, there is also information that an application has been submitted to start listing on Binance. If sales do start, it will further increase the price of the token. At the moment, it is unknown what exactly the decision will be made by the Binance exchange. But already now the platform’s website has published instructions on how exactly to purchase the TAMA cryptocurrency.
Will Tamadoge become the next Shiba Inu?
If you analyze the fundamentals of the coin, you can find reasons why it has been so successful in the past few weeks. It’s not only the meme token, but also the Play to Earn playground, and the Metaverse meta universe. Not too long ago, the project introduced a rare collection of pets in the form of NFTs. In the future, there will be even more of them. Now the creators are working not only on the Metaverse. It is also planned to develop and implement several arcade games in the virtual world, which will be a great place for leisure.
The Tamadoge platform will allow customers to purchase their own NFT pets. Initially, they will be issued as “babies”. The pet will need to be fully cared for: feed, water, play and train. The whole process is very similar to the game mechanics of Tamagotchi. Once the pet has matured, it can be put up for battle with other NFTs. This will allow owners of non-interchangeable tokens to not only have fun, but also generate additional income.
At the moment, Tamadoge is in the same league as the Shiba Inu project. The developers of the latter also recently announced their intentions to create their own meta-universe. At the same time, TAMA decided to start exactly with listings on exchanges, which had a promising effect on the development and formation of the token. The project is now showing much more promise than Shiba Inu.
Only time will show how the coin will behave in the future. But the 700% increase in price in just a week already speaks volumes.
What is Tamadoge?
Tamadoge is a unique project that combines many elements. It’s not only a meme coin, but in the future an augmented reality game and non-mutualizable NFT tokens. The whole project revolves around the theme of pets. At the same time, the central part will be exactly the Metaview Universe. Here users will be able to meet other players, spend free time and perform in the arena.
The prototype of the game was a well-known in the 90’s toy Tamagotchi. In it, the user received at his disposal a pet, which had to take care of. Here the mechanics of the game is similar.
Each pet has its own strong characteristics and weaknesses. They will be developed. Also, owners will have the opportunity to purchase for his pupil various accessories to improve its characteristics.
Already an adult and fully developed pet is ready to take part in battles with other NFT in the arena. For each victory the user will be awarded Dogepoints tokens. At the end of each month there is a summarization. Users who collect the most points will be awarded valuable prizes in the form of TAMA tokens.
Conclusion
Tamadoge is quite a promising and reliable project. All team members have undergone a full KYC verification course. Tamadoge has also received the “100% secure” status after being audited by Solid Proof. The plus point of the project for investors can also be called the coin burning mechanism. 5% of tokens from each transaction in the system will be withdrawn irrevocably. This will keep the price at a high level.
The rapid growth of token value is well explained. The creators clearly follow the roadmap and fulfill all their obligations to customers. Right now, it is difficult to say what will happen to the project in the future. Therefore, it is important to remember that any investment in cryptocurrency is accompanied by risks.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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