Martin Lewis Bitcoin Price and Energy Price Predictions – Could Tamadoge Save the UK Winter
- Susan G. Hall
- on Aug 29, 2022
Just when it looked like Bitcoin would make a full recovery from the crypto crash of 2022, things got much more complicated. The crash happened in early 2022, followed by war in Ukraine, supply chain issues and the biggest energy crisis in modern history.
Most people think of digital currencies and blockchain networks as virtual assets used for trading. However, most people are unaware that blockchain networks like Bitcoin and Ethereum use huge amounts of energy to stay operational. Given the rise in energy prices around the world, investors are flocking to more efficient altcoins such as Tamadoge.
>>>Buy Tamadoge in presale now<<
Bitcoin – The Biggest Energy Consumer in the Blockchain Ecosystem
Bitcoin is the world’s leading cryptocurrency, widely considered the gold standard among digital currencies. There are 21 million tokens, most of which had to be mined before reaching the markets. As a result, millions of mining rigs have sprung up in countries all over the world resulting in massive energy consumption over the years.
However, Bitcoin still consumes around 127 terawatt hours (TWh) of electricity every year. That’s more energy than Norway’s annual energy consumption. On average, Bitcoin uses 707 kWh of electricity per transaction, which is 11 times more than Ethereum. Additionally, ETH is set to upgrade its blockchain to a Layer 2 platform, reducing existing power consumption by 99.95%. Once the platform transitions from proof-of-work to proof-of-stake approach, it will reduce power consumption to an absolute minimum.
Bitcoin has been around for over ten years and its underlying blockchain technology has become obsolete. Energy consumption was not a problem in 2011, but today it has become one of the greatest challenges in modern history.
Energy prices are skyrocketing around the world
It doesn’t matter where you look; energy prices are skyrocketing around the world. Many Third World countries are already facing blackouts and energy restrictions, while developed countries are raising prices and working on plans to reduce energy consumption. According to Martin Lewis, one of the UK’s leading financial journalists, energy prices in the country could rise by up to 80% over the next few months.
Martin spoke about his views on the whole situation on BBC Radio 4. He said: “I have been accused of catastrophizing this situation. Well, the reason I catastrophized is that it’s a catastrophe, plain and simple. If we don’t get additional government action beyond what was announced in May, lives will be lost this winter.
Even though it may not seem like it, there is a direct link between increased energy consumption and blockchain networks. If we added up the energy consumption of all the blockchains, we would get a massive amount of energy that will soon be needed elsewhere. Ethereum will solve the problem and prepare its services for a greener future, while Bitcoin still has a long way to go. If nothing changes soon, the world’s top-ranked cryptocurrency could lose all profitability. However, the newest coin project called Tamadoge has been recognized as an eco-friendly crypto from day one, which is why it is likely to thrive as many other cryptocurrencies struggle to survive.
>>>Buy Tamadoge in presale now<<
Tamadoge – New Meme coin with minimum power consumption
The era of high-powered blockchain networks is over. The developers behind the newest meme coin, Tamadoge, were well aware of what was happening with other blockchains, so they took a different approach from day one. The new meme coin is not only pre-mined, meaning it requires no additional energy to generate tokens, but is also deflationary.
There are a total of 2 billion TAMA tokens in circulation. Half is available for presale, 45% is locked to provide liquidity, while 5% will be burned to reduce token supplies. Tamadoge is set in a metaverse and built around play-to-earn platformers. TAMA tokens function as the platform’s utility token and are the first meme coins with real-world use cases. However, as players spend TAMA tokens in the Tamaverse, an additional 5% of all used tokens will be burned monthly to decrease token supplies and drive up prices.
In other words, Tamadoge will only reduce its power consumption over time, which will make it far more sustainable than Bitcoin and many other cryptos in the markets. The project is slated for release in late 2022, and since the presale is still open until September 2, you still have a few days left to be a part of the fastest growing meme coin project in history.
TAMA Token Presale
You still have a few days to buy TAMA tokens if you want to become an early investor. The presale has been a huge success so far, as it sold over 80% of the billion TAMA tokens a full month ahead of schedule. Tokens are now available for $0.04 and there are only 94 million coins left.
The project raised $8,631,248 of the $10.7 million goal, so hurry and get your TAMA coins before it’s too late. If you spend at least $100, you can participate in the official $100,000 TAMA token giveaway and, if you’re lucky, become a millionaire after the presale ends.
>>>Buy Tamadoge in presale now<<
How to buy TAMA?
Although the pre-sale of Tamadoge has only recently started, investors around the world have already done their part to capitalize on this incredible investment opportunity.
Check out this guide if you want to become part of the Tamadoge community and potentially get rich by investing in Tamadoge. The step-by-step guide will explain each process in detail, so be sure to read it carefully.
Once you have completed all the steps, you will be the proud owner of your first Tamadoge Token.
Step 1 – Create a crypto wallet
If you don’t already have one, you must first create a crypto wallet to buy Tamadoge.
Most wallets are simple to create and completely free. That said, we recommend using MetaMask as it includes support for multiple strings.
Go to MetaMask official website, tap “Download” and follow the instructions to set it up.
Step 2 – Buy ETH/USDT
You can buy TAMA coins only through Ethereum (ETH) or Tether (USDT). Both of these cryptos can be acquired through the leading crypto exchange platform.
However, you also have the option to buy ETH directly by credit/debit card on the official Tamadoge presale platform.
After buying ETH/USDT, transfer the tokens to your crypto wallet.
Step 3 – Connect Crypto Wallet with Tamadoge Presale Platform
Go to the official Tamadoge website and press “Buy”.
Next, click on “Connect Wallet” and choose your wallet provider. You will see a bunch of instructions appear; follow them to complete the login process.
Step 4 – Buy Tamadoge
Type in the exact amount of TAMA coins you want to buy (minimum is 10,000) and press “Convert ETH” or “Convert USDT”.
Check the information you entered and confirm the transaction if everything is correct.
Step 5 – Claim Tokens
Finally, all you have to do is claim the Tamadoge tokens.
But, you should know that the “Claim” option will only be available after the presale is over.
#Martin #Lewis #Bitcoin #Price #Energy #Price #Predictions #Tamadoge #Save #Winter