Bitcoin and other major cryptocurrencies have been corrected by more than 50% since January 2022. While specific large-cap cryptocurrencies are losing market share, investors swiftly turn to Tamadoge. During its crypto presale, this new coin is offering great rewards.
The crash of Bitcoin (BTC)
The cryptocurrency markets have decreased after Bitcoin achieved an all-time high (ATH) of about $70,000 in November 2021. Despite being one of the most popular cryptos, Bitcoin has dropped from $47K to $19K in 2022, a 60% drop in income.
As a result, most other leading cryptocurrencies in the industry have also witnessed negative momentum. However, investors are now seeking fresh investment opportunities. Tamadoge is swiftly selling out its presale and appears to be the next major cryptocurrency in 2022.
What is Tamadoge?
Tamadoge (TAMA). Image: Tamadoge
Tamadoge (TAMA) is a decentralised crypto platform with a play-to-earn (P2E) environment that allows users to earn money in-game. Tamadoge’s platform provides playable NFTs by leveraging TAMA, the local coin.
You can use TAMA tokens to buy Tamadoge Pets, which are NFTs shaped like virtual dogs. These NFTs are available at the Tama shop and can be used to compete in community-wide tournaments.
Tamadoge will be made available on its AR-based app in the future, with the same P2E dynamics as the web-based platform. According to the Tamadoge whitepaper, the platform intends to market its platform by releasing a P2E-style arcade game, a fiat onramp, and forming relationships with metaverse initiatives.
TAMA’s presale raises $12 million.
TAMA’s presale. Source: Tamadoge
TAMA has raised over $12.3 million of its $19 million presale goal. TAMA, which is set to launch in August 2022, sold out its beta presale target of $2 million in just 10 days. Tamadoge, initially available for $0.1 per token, will be trading at $0.3 by the end of this round.
This threefold price growth surpassed most of the market’s top cryptocurrencies in 2022, including Bitcoin and Ethereum. Furthermore, the token’s deflationary tokenomics make it an excellent long-term investment.
With a token supply of 2 billion, the presale offers 50% of all coins for sale. To keep the coin’s value stable, 5% of all tokens spent will be burned in the Tama shop, where NFTs can be purchased. Tamadoge’s 5% profit margin on pet shop sales causes the price to skyrocket. As a result, there will be more demand for a smaller quantity of tokens, causing the token price to rise.
Following the presale, TAMA will be listed on LBank and Uniswap, two major cryptocurrency exchanges. Tamadoge will be available internationally following the token listing, resulting in increased trading volumes and upward price movement.