The latest media reports all reported the price drop of one of the most promising meme coins – Shiba Inu.
This also raised many questions about the future of not only Shiba Inu but also Dogecoin – another famous meme coin project.
And while there are many opposed opinions about the future of the meme coins, there is one new promising meme project that is spinning the world of meme projects out of its axes.
In this article, we will tell you all about it. But first, let's see what is happening with Shiba Inu.
Many crypto experts reported the price drop of the Shiba Inu, a meme coin that recorded the highest growth in 2021 (of 500,000%) and made its owners filthy rich.
However, Shiba Inu recorded a fall in the price in the last couple of months, and many experts claim this is the end of one era.
But is that truly the case? And if yes, what is the reason behind the downfall of one of the most popular and most promising tokens?
Let's start from the beginning.
Today's price of Shiba Inu is $0.000012, with a 24-hour trading volume of $358,859,307. This price is down by 86% in the last 24 hours but up by 16% since July. However, this price is weak compared to its fare in October 2021, which was $0.00008854 – a time-high price for this token.
According to many experts, Shiba Inu will die by the end of 2023. There is a limited number of coins available for trade – a total of one quadrillion tokens in circulation. Many experts like Mathew Henry or experts from The Swinburne University of Technology believe Shiba Inu would go extinct completely because it's coin does not have any utility.
These experts believe that all joke-type coins without any purpose will clear the way to tokens with actual use.
Also, with its market cap of $6.6 billion, the token will need to flip popular crypto projects like Avalanche, Polygon, Polkadot, and Solana to break into the top 10 (currently, Shiba Inu is #16 by market cap).
Despite the token being the favorite altcoin for ETH whales and many innovations Shiba Inu developed, many experts believe this is not enough for the meme coin to survive.
Even though there might be an end of a Shiba Inu era, there are other meme coins that you can invest in. Up next, we will present you with the best alternative for the Shiba Inu coin that you can invest in today.
Widely referred to as the next Shiba Inu and Doge, Tamadoge (TAMA) is the best meme coin that you can invest in 2022.
Tamadoge is the new meme coin, Play 2 Earn game which allows users to create, breed, care, and battle Tamadoge pets. The whole game is set in Tamaverse, and unlike other meme coins, the Tamadoge coin (TAMA) has a utility.
Tamadoge is a deflationary cryptocurrency where players fight to climb the leaderboard and win rewards from Dogepool.
By playing the game, users win Dogepoints, and each month players with the highest number of points can claim their winnings from Dogepool.
The key to this game is to be consistent and to take care of your Tamadoge regularly – the pet will grow with you and get stronger over time, but just in case, competitors take care of them regularly. If neglected, Tamadoge will turn into Tamaghosts.
The Tamadoge ecosystem is comprised of:
Tamadoge pets are the core of the Tamadoge ecosystem. These are mintable and tradeable NFTs that players can buy using TAMA. Each pet is minted as a baby, with unique properties, strengths, and weaknesses.
The way players take care of their pets influences the speed of their growth, and once Tamadoge pets turn into adults, players can use them to battle other pets and earn rewards.
All Tamadoge pets can be bought in the Tamadoge store, and there is no limited number of pets one player can buy.
All players will get Dogepoints or rewards when they take care of their pets if they climb the leaderboard or battle other pets.
In the Tamadoge store, players can purchase food, clothes, toys, or cosmetics for the pet or the newest Tamadoge pet using TAMA tokens.
The number of spent tokens will be divided between three pools, ensuring upward price pressure on the coin, the development of the platform, and the source of new tokens for the P2E game.
The spent tokens will be divided as follows:
Each Tamadoge NFT will have an animated 3D pet associated with it. This allows these meme coins to be integrated into any existing metaverse. In other words, this means that pet owners will be able to take their pets for a walk into the metaverse.
The metaverse is not the only place where pet owners can walk their Tamadoge because the Tamadoge team plans to develop an augmented reality (AR) app that will allow users to walk their pets in real life. Also, the team is open to partnerships that would allow owners to walk their pets in the metaverse.
Also, the Tamadoge team is planning to launch their metaverse, but at the moment, their main focus is on community and what the community wants. In other words, the community will shape the look of the Tamaverse.
This is one of the most exciting announced aspects of the Tamadoge system, planned for release in Q3 2024. AR app will allow Tamadoge pet owners to play and walk their pets as if they were in the same room with them.
The app will have the same P2E mechanics as the web-based game but will come with additional features. So, pet owners will be able to battle with their pets and claim Dogepoints, but in the AR app, they will be able to earn tokens for the time they spend with their pets. Also, owners will be up to play and walk multiple pets at once and teach them some tricks they can share on social media.
As we mentioned, Tamadoge is planning partnerships with other metaverse projects, and this aspect of the game is planned to launch in Q1 and Q2 of 2023.
As we already mentioned, Tamadoge is a P2E game, and this P2E aspect is crucial for the whole ecosystem. The P2E games vary in difficulty and cost and will be available for purchase in Q3 of 2023. The whole system around P2E Arcade is centered around the fact that you have to spend as much time as possible bringing up baby Tamadoge. If you do so, the more rewards you can earn. But the most valuable awards will connect to skill level in battles with other pets.
Tamadoge uses the latest NFT technology that makes every pet unique. The Tamadoge team is working on injecting life into Tamadoge pets and making them feel like a part of the family.
Tokenomics are the supply of 2,000,000,000 tokens, with 50% of them for presale, 30% to be unlocked during 10-year long project development to fund the project, and 20% of them for CEX and DEX listings.
The Tamadoge is not taking any transaction tax for transfers of TAMA coins. The reason for this is that Tamadoge believes the value should be generated from the project and not from the people trading with the token.
The whole ethos is centered around the Tamadoge ecosystem, and the team behind this meme coin does not want people to lose any money when they leave or enter the ecosystem.
Right after the launch of their tokens, Tamadoge will launch onramper that would allow everyone interested in purchasing TAMA coins using fiat currency. Users will be able to connect their Metamask or Wallet Connect wallets to buy coins. All purchases will be carried out through a liquidity pool, ensuring TAMA's price movement.
Beta presale of this token started on 25th July 2022. The Beta presale should end on 2nd September, and the general presale – following the presale- will end in Q4 2022.
Everyone interested can buy TAMA with ETH or USDT, and there is no minimum amount of money required for the purchase. However, the Tamadoge team advised everyone who wants to buy the tokens to make the purchase of a minimum of $150 worth of ETH or USDT.
The price is $0.01 for 1 TAMA or $100 for 10,000 TAMA.
Here is a short guide on how to buy TAMA tokens:
The answer to the question is simple: no, they aren't.
And while Shiba Inu and Dogecoin have some issues related mostly to the lack of utility of their tokens, Tamadoge and its token TAMA are bringing something new to the world of P2E games and meme coins in general.
To summarize everything previously said, here are a couple of reasons that make the Tamadoge token worth investing in 2022:
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.