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Did Elon Musk Invest In Tamadoge? Next 100x Meme Coin Cryptocurrency

A new meme coin on the block called Tamadoge is attracting a lot of attention, with rumours that Elon Musk might be involved in the project.

For sure, Dogecoin (DOGE) and Shiba Inu (INU) currently wear the crown for being the best meme tokens in the history of cryptocurrencies but Tamadoge could take them down with its asset that provides real utility.

So instead of another vacuous coin that doesn’t do anything other than convey maybe a mildly amusing joke, Tamadoge and its TAMA token are built to be used  showing signs of great potential.

Certainly the influence of big fish – ok whales – can move a coin’s price, as seen when Elon Musk tweeted incessantly about Doge, Tamadoge doesn’t have to rely on Twittersphere hype alone to gain traction.

Instead, this meme coin promises to disrupt the sector with solid features like play-to-earn (P2E) games, metaverse focus and its exploitation of non-fungible tokens (NFTs).

Understanding Tamadoge – The New Meme Coin on the Block

According to the project’s website and whitepaper, the team at Tamadoge is building a revolutionary cryptocurrency project that is both exciting and valuable – and important element in P2E where games are often boring –  while focusing on the most sought-after developments in the blockchain industry – metaverse and NFT.

The metaverse is a term coined to refer to “an integrated network of 3D virtual worlds,” according to The Conversation, an educational blog. To access these worlds, users use virtual reality (VR) devices, which immerse the user in a stimulated environment eliciting physical sensations of truly being there.

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The metaverse, when built on blockchain infrastructure, allows users to interact with the larger crypto economy and crucially to take direct ownership of their assets.

While in the metaverse, people can exchange ownership of various virtual items and gain real economic value. The metaverse has grown to allow investors to own and develop real estate, play video games, buy and sell NFTs while simultaneously creating value using different crypto tokens like TAMA.

NFT, on the other hand, has many definitions, but the Amazon AWS blog site outlines that these “are blockchain-based tokens that each represent a unique asset like a piece of art, digital content, or media.” This technology stands out for providing an immutable digital certificate of ownership. Some fundamental characteristics of NFTs include being cryptographically certifiable, unique or inimitable and easy to transfer.

Why Should You Pay Attention To Tamadoge Meme Coin?

Meme coins do not seem to be going anywhere, the crypto winter notwithstanding and Tamadoge could be that one seasonal ticket that puts you ahead of everyone else in the game.

While Dogecoin and Shiba Inu are said to have created many crypto millionaires, the tokens also crashed, erasing most of the gains. Hence, the need to look at the next DOGE and Shiba Inu with a meme coin with unbeatable utility.

Tamadoge’s whitepaper states that the project’s code has undergone an audit process conducted by solidproof.io. The platform ensures the quality of the code, intending to bring down risks surrounding cryptographic tokens as well as blockchain technology. Nonetheless, it is worth mentioning that SolidProof does not guarantee the network’s safety and security. That said, the audit is not conducted to endorse a project or approve its viability.

The Tamadoge technology brings forth an innovative use of NFTs with Tamadoge pets and the “Tamaverse.” This unique virtual world has been designed to allow users to power Tamadoge pets. In simple terms, Tamadoge pets are “mintable, tradable NFTs” that one can buy with Tamadoge tokens.

Tamadoge Pets Will Keep Users Coming Back for More

The most intriguing part is that a Tamadoge pet is minted as a baby, boasting distinctive features, strengths and weaknesses. The pet owner is required to grow it with time by feeding and playing with it. Adult Tamadoge pets battle against each other to claim the top Doge spot on the Tamadoge leaderboard.

Tamadoge believes it is equipped with cutting-edge technology to be different from its predecessors. A lot of emphases has been placed on the play-to-earn feature. As mentioned earlier, the platform gives everyone the opportunity to mint, breed and battle their Tamadoge pets every month.

With the Tamaverse, participants should expect to interact using the augmented reality app where NFTs will play with each other. In many ways than one, Tamadoge could be “the future of the Doge ecosystem” and that of play-to-earn.

How Tamadoge Can Leverage The Brand Recognition Of Doge

The Tamadoge community has grown tremendously since its inception earlier in the year. The project’s followers on Twitter are currently the fastest growing at 16.7k, followed by Telegram at 12k.

Through its leveraging of the brand recognition of Doge, Tamadoge investors can look forward to the realistic potential of 100x growth in value.

Add to that the fact that the people behind the project are involved with high-profile meme coins. In addition, the project team is verified by Coinsniper which investors have no need to be concerned about a possible rug pull.

No Transaction Tax When Buying or Selling TAMA

Tamadoge has adopted a no transaction tax system, unlike many other projects in its sector. A transaction tax usually applies to the  sale, buying or transfer of a token, with the funds used to guarantee long-term funding for a crypto network.

Tamadoge believes that there are many ways to create value besides trading activities, preferring to concentrate on building up in-game activity and securing a revenue stream from transaction fees on sales at the Tamadoge Store and onboarding more and more users .

The whitepaper details that the maximum supply of Tamadoge will be 2 billion tokens. Initially, 1 billion TAMA will circulate, with 400 million set aside to facilitate exchange listings. The remaining 600 million will be minted over 10 years.

Tamadoge Beta Presale Off to a Flying Start

Early investors are participating in the beta presale, which began on July 25. The event will continue until September 2 to pave the way for the general presale, which is scheduled to end on October 4, 2022.

As at the time of writing, more than 65k has been raised. tamadoge beta presale

All investors are welcome to participate in the beta presale.  There is no preset minimum or maximum purchase limits, although the team advise a minimum investment of $150. In order to buy the token you will need either Tether (USDT) or Ethereum (ETH).

Currently, TAMA is selling for $0.01, which means that $100 will buy 10,000 tokens. Prospective investors can use cryptocurrency wallets such as Trust wallet and Metamask to participate in the presale.

Other key features to note if you are considering investing in Tamadoge is the fact that there is no vesting period or private sale.

Also, the tokenomics are deflationary, which will be supportive of price. The features covered in this article place Tamadoge way above P2E projects like Axie Infinity and all the meme coins out there with non-existent utility.

Tamadoge Roadmap

As explained above, the Tamadoge ship set sail in Q3 of 2022 with the launch of the beta presale. In Q4 of 2022, users will get hold of the Tamadoge NFTs which means they will be able to feed, train and play with their pets for the first time.

In the same quarter, the Tamadoge prototype battle app will go live, paving the way for monthly competitions.

In Q1 of 2023, users will have the opportunity to experience the Tamaverse. In first half of 2023, Tamadoge NFTs will have a fully rigged 3D model of the NFT.

Lastly, in the second half of 2023 Tamadoge will release the augmented reality app.

It is not often that 100x opportunities come by, so this is definitely one to buy on your watch list and after doing your own research making an affordable investment in the beta presale before the price rises.

Related

Tamadoge – Play to Earn Meme Coin

Our Rating

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • NFT-Based Metaverse Game
  • Presale Live Now – tamadoge.io

Tamadoge logo

The Crypto Community Is Not Yet Behind the Recent Market Rebound, According Analytics Firm Santiment

Covered: Santiment v. Crypto Community Santiment v. Crypto Community Social metrics indicate the crypto community isn’t embracing the latest market rebound, according to the analytics firm Santiment. Santiment reports that the frequency of “sell” mentions on Twitter, Reddit and Discord has hit a two-month high despite the recent modest price increases for Bitcoin (BTC) and::Listen

Covered:

  • Santiment v. Crypto Community

Santiment v. Crypto Community

Social metrics indicate the crypto community isn’t embracing the latest market rebound, according to the analytics firm Santiment.

Santiment reports that the frequency of “sell” mentions on Twitter, Reddit and Discord has hit a two-month high despite the recent modest price increases for Bitcoin (BTC) and most of the crypto market.

Source: Santiment

Says the analytics firm,

“What happens when crypto prices keep rising despite the crowd’s disbelief that the trend can continue? A perfect storm of FUD that can propel market caps to continue rebounding.” 

BTC is trading at $23,893 at time of writing. The top-ranked crypto asset by market cap is up more than 3% in the past 24 hours and more than 4.5% in the past seven days.

Santiment also notes that Bitcoin spent most of 2022 tightly correlated with the S&P 500 but has recently fallen behind the stock index’s recovery. The firm says decoupling has historically been bullish for BTC.

Source: Santiment

Additionally, Santiment notes that the ratio of top stablecoin Tether (USDT) on exchanges has surged from 19.7% on May 9th to 42.0% currently.

Explains the analytics firm,

“This can be viewed as both a signal that traders have taken profits as prices have rebounded, as well as a sign of a two-year high in buying power.”

*This article originally appeared on the Daily Hodl. 

The post The Crypto Community Is Not Yet Behind the Recent Market Rebound, According Analytics Firm Santiment appeared first on CryptosRus.

Did Elon Musk Invest In Tamadoge? Next 100x Meme Coin Cryptocurrency

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