Doge rises +15% – Memecoins like TAMA to follow the price pump
- dliaa
- 0
- on Aug 16, 2022
Today was a good day for memecoin fans, as the father of all memecoins, Dogecoin, has returned to the top 10 largest cryptos by market capitalization. But why is Dogecoin going up? Does this mean that other memecoins like Tamadoge are the new batch of hope for memecoins?
Why is Dogecoin going up?
Despite the recent rally in a bear market, investors should be aware that cryptocurrencies have those moments, where they close daily candles with a positive uptrend, only to crash moments later. Since its last ATH in May 2021, and after the recent crypto crash, this is the only significant positive daily candle Dogecoin has hit. Below are some possible reasons why Dogecoin is rising.
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Dogecoin course
Dogecoin price is currently trading below $0.09 at the time of writing. To be more specific, Dogecoin still has a resistance level at this price action and is fighting to break above the resistance. At the time of writing, Dogecoin has nearly hit a solid +16% gain and is currently trading just above +14%.
Dogecoin vs other trading pairs
(image source: https://messari.io/asset/dogecoin)
When analyzing the trading pairs of Dogecoin against other coins like Ethereum, USD, and BTC, you can see that over the 3-month period, it remains very bullish. It could just be an indicator that as soon as market movement tends to go sideways, people jump straight in. meme coins.
- Dogecoin vs USD: Looks Bullish Over 3 Months
- Dogecoin vs ETH: Looks Bullish in All Scenarios Except for a Slight Decline Over the 1-Month Time Frame
- Dogecoin vs BTC: looks extremely bullish
- Dogecoin vs DEFI: looks balanced in the long term, but similar to others in the short term
- Dogecoin vs. Meme coins: Investors and fans alike seem to be looking for alternatives like Tamadoge, which is currently on presale, for higher potential gains than Dogecoin.
Visit the Tamadoge presale now
Dogecoin Core Upgrade
Dogecoin recently completed its Dogecoin Core 1.14.4 update. Elon Musk, who is a known supporter of this dog coin, tweeted to comment on it.
The upgrade brings improvements to its blockchain and supposedly fixes issues such as lowering the dust limit.
Dogecoin pump because of other “meme coins”
There seems to be a lot of movement in the crypto market during this downtrend around NFTs, DeFi, and meme coins. Rumor has it that coins like Baby Doge Coin were a scam and tried to pull most of their pancakeswap investors. According to a thread on reddit, the crooks tried to copy and create a fake token with a similar name. You should always verify the contract address before investing a new coin.
On a positive note, coins like Tamadoge raised over $4 million during their pre-sale, just days after they were announced. Things look very optimistic for the Tamadoge team. They are always on presale, which gives potential investors a good chance to get into a coin even before it’s too late.
Visit the Tamadoge presale now
What is Tamadoge Crypto?
Using the “Doge” aesthetic, Tamadoge aims to create an engaged and active community.
Another ERC20 token making a list is Tamadoge, which combines meme coin concepts with a play-to-earn (P2E) gaming platform. In Tamadoge, players regularly earned rewards for skillful gameplay, just like in top gambling games to win. As such, players can manage and manage their Tamadoge pets by raising, caring for them, and battling them.
There are several different strengths and weaknesses for each of these pets, which are categorized as NFTs. Tamadoge pets are born as babies, so their owners must raise them until they reach maturity. Tamadoge’s turn-based battle arena allows adult pets to battle other Tamadoge pets once they have grown into adults.
What is the best way to buy TAMA?
Members of the Crypto community have already expressed significant interest in Tamadoge as one of the most promising new coins in the market. Additionally, Shiba Inu and Dogecoin produced four-digit returns in 2021 due to the “meme coin” feel of the token.
With that in mind, let’s take a look at the steps of buying Tamadoge to make sure everything goes smoothly.
Step 1 – Create a cryptocurrency wallet.
The first step to buying Tamadoge crypto is to create a crypto wallet. Several free and easy-to-use crypto wallets are available, but we recommend MetaMask as it supports multiple blockchains.
Follow the instructions to create the wallet by going to the MetaMask website, clicking “Download”, then clicking “Configure”.
Step 2 – Buy ETH or USDT
Both USDT and ETH are accepted as currencies for purchasing Tamadoge (TAMA) tokens. With a reputable crypto exchange or broker, you can easily buy Ethereum or USDT. ETH can also be purchased with a credit card or debit card through the Tamadoge presale platform.
Transfer your ETH or USDT to your new crypto wallet once you have purchased them.
Step 3 – Integrate Wallet with Tamadoge Presale Platform
You can buy Tamadoge by visiting its website and clicking the “Buy” button. Follow the instructions to link your wallet on the next page by clicking “Connect Wallet” and choosing your wallet provider.
Step 4 – Buy Tamadoge
Choose your preferred currency (ETH or USDT, depending on which you hold) and enter the number of Tamadoge tokens you wish to purchase (at least 10,000). Next, click on the option to convert your currency (ETH or USDT). In the next step, a pop-up window will ask for your confirmation.
Step 5 – Get your Tamadoge tokens.
TAMA coins must be claimed at the final stage. Click “Claim” on the homepage of the Tamadoge site after the presale is over.
>>>Buy Tamadoge in presale now<<
Is it the best time to get into Dogecoin?
It’s true that Dogecoin has reached an astonishing market cap of $11.5 billion, and it looks like we won’t see the price recover unless other well-known cryptocurrencies like Bitcoin and Ethereum regain their footing. once high market capitalization.
That said, this could be the best opportunity to embark on a project that is starting from scratch, with unlimited growth potential. Tamadoge, which has already raised more than $4 million on its pre-sale, is promising and seems to be the best option as an alternative to Dogecoin in the short term.