The history of Dogecoin is explosive – it started as a fun currency for developers who wanted to try it out, after which DOGE ended up among the top 15 cryptocurrencies in the world. The Dogecoin is the first of its kind and has created a loyal community through the Shiba Inu internet meme, which has been growing steadily in recent years. Last but not least, the head of Tesla, Elon Musk, with his tweets and investments helped the base generate huge hype and high investor returns. But the price is fluctuating again at the moment. So another option for investors could be the new Tamadoge (TAMA), which was released during the summer and is currently seeing a huge increase in demand. Experts predict powerful upside potential later this year for the new TAMA Meme Coin.
Dogecoin chart analysis
After a sharp drop in price on August 16th, Dogecoin is currently trading around $0.063 – a sharp drop of -29.8%. The risk of another price drop is unlikely. The next price level could be $0.05 or even lower. Today, however, the sun will rise first. DOGE is staying above the important USD 0.06 mark and making up about one percent.
Dogecoin is also fighting for the top 10 in the crypto market again. Currently, DOGE is in 11th place. The market cap is $8.2 billion, just ahead of its rival Shiba Inu.
— Todd wade (@Toddwade69420) August 31, 2022
The depressed mood of the crypto market is still noticeable in Dogecoin. DOGE is -91.5% lower than the all-time high of May 2021. Trading volume is also constantly falling. It is currently valued at $220 million. However, experts assume that the DOGE course could recover if the price of the SHIB token should rise again. As a base meme relationship, a rally at SHIB could rub off on DOGE. However, the risk of a price drop remains high.
Dogecoin price rollercoaster ride
Two software developers, Jackson Palmer and Billy Markus, founded Dogecoin in 2013. Palmer first announced the project as a joke on Twitter. However, he then created a website for Dogecoin and left his contact details if anyone wanted to help him convert it to real hard currency. So later Billy Markus joined.
Dogecoin is a fork of a now defunct cryptocurrency called Luckycoin. Dogecoin developers copied and modified Luckycoin and Litecoin source code to create Dogecoin.
From the beginning, DOGE has been marketed as a casual and fun cryptocurrency. Dogecoin quickly gained a loyal following and several successful fundraisers were held in 2014. The initial price of DOGE was $0.0002. However, in 2015, Palmer and Markus left Dogecoin and a team of four part-time developers took over the project. It wasn’t until 2021 that Dogecoin’s popularity really increased, with DOGE becoming more and more among the top currencies. The all-time high was 0.73 USD in May 2021.
The trend of the chart in 2022 shows that Dogecoin has been standing up and down and can initiate its unlimited amount of fall in value. Due to the risk of a recession in the global economy, DOGE is probably not the best option for investors right now.
Tamadoge pre-sale a complete success
Investors can look forward to a newcomer among meme coins – the Tamadoge (TAMA) was released in July 2022 and has now started its fifth stage of pre-sale. 500 million tokens have been sold to date. Like the Dogecoin, TAMA refers to the Shiba Inu meme. But the Tamagotchi, which originated in Japan, is also part of the branding. A smart idea, since the Tamagotchi was especially popular among millennials in the 90s. A glance at the number of followers of the project on Twitter shows how much the coin is already being bought. The 50 mile mark was only recently broken.
The presale consists of a beta and a general presale. The total offer includes two billion tokens. By the last quarter of this year, it is expected that 50% of the coins will be sold. So far, the developers have raised USD 6.5 million to raise capital. Once the pre-sale ends, TAMA is scheduled to be listed on CEX. This has already been confirmed by the Bank of Hong Kong. The listing on PancakeSwap DEX and Uniswap DEX was also confirmed.
The beta pre-sale started on July 25, 2022 and ended early on August 11, 2022. Originally scheduled for September 2. During the beta phase, TAMA tokens could be purchased for USD 0.01 each. A total of 200 million coins were sold. The fourth stage of the General Presale is now complete. With that, 500 million TAMA found an owner. After each tranche, the price of the token increases by $0.0025. Tamadoge currently costs 0.02 USD. At the end of the pre-sale, the value should be USD 0.03. Investors who want to buy TAMAs at a lower price now still have the opportunity.
Why it might be worth investing in Tamadoge
Tamadoge is a deflationary cryptocurrency with its own metaverse and play-2-earn concept. In the virtual world of the Tamaverse, players should have the opportunity to raise TAMA Pets and later allow them to compete against others. Unlike many previous Play 2 Earn games, Tamadoge aims to be a fun game to keep users coming back for more. Tamadoge rewards its players for taking good care of their Tamadoge Pets. By walking their dog, feeding it, dressing it, or improving its skills to fight other pets, players earn Dogepoints. These can be converted into TAMA signals. Its value is therefore seamlessly transferable throughout the crypto space.
Each Tamadoge pet has a unique 3D rendered avatar. Tamadoge dogs should be able to be plotted as NFT as well. As a token of utility, TAMA intends to introduce casual players and new investors to the crypto world. The augmented reality app is slated for release in late 2022.
Also, Tamadoge is an ERC20 token – meaning that the blockchain will benefit from the Ethereum merger. The merger will improve transactions and significantly reduce costs, ultimately enhancing the gaming experience. The sign also increases its climate friendliness. The carbon footprint of Tamadoge games will be greatly reduced.
As soon as the listings on the exchanges and the Tamadoge Pets app start to appear, the signal can be pushed strongly. But a bull run could also occur when public sales begin. The pump potential is therefore extremely high and investors can look forward to the additional performance of the Tamadoge.