With a price increase of 450%, Saudi Shiba Inu (SAUDISHIB) has managed to steal the spotlight in the crypto industry today and is currently trending all over social media.
However, everyone is wondering the same thing – will this upside momentum continue and is Saudi Shiba Inu a good investment?
And, if not, what are some suitable alternatives to SAUDISHIB?
Well, there isn't any "right" answer to this question. This new Arabic crypto meme coin is still new and there's little to no information available online about the project.
But, what we do know is that SAUDISHIB charges transaction fees and has no utility – two red flags right off the bat.
Instead of investing your hard-earned money into an unknown meme coin that offers no utility or benefits, it's much more rational to check out profit time bombs like Tamadoge.
Let's break it down.
Saudi Shiba Inu (SAUDISHIB) is a DeFi meme coin hosted on the Binance Smart Chain (BSC) network that also has an NFT platform and its own NFT collection.
The most notable feature is auto staking which allows SAUDISHIB owners to earn passive income on each transaction made on the platform (2% of each transaction).
The founders of Saudi Shiba Inu have reported that they won't include any farming services or liquidity pools since they believe it will have a negative impact on price fluctuations.
One of the main reasons why this project was developed is to influence Arabs to purchase the Saudi version of Shiba Inu instead of the original one.
With that said, aside from the auto staking feature, there isn't really much that Saudi Shiba Inu can offer to investors.
As we mentioned in the beginning, there are two major downsides to the project – transaction fees and a lack of real utility.
Plus, there is also the fact that there isn't really much hype surrounding this project. A potential cause for this could be that the name isn't eye-capturing and lacks originality.
Even though SAUDISHIB went through a 450% price increase, experienced crypto analysts believe that it won't go much higher than that.
This is why it might be a better option to look into other meme coins instead.
Tamadoge is deflationary meme crypto and it's the native governance token for 'Tamaverse' – the in-game Metaverse.
However, this meme coin has one unique trick up its sleeve that separates it from other tokens like Dogecoin, Dogelon Mars, and Saudi Shiba Inu – it comes with utility.
The native currency (TAMA) operates as an ERC-20 token and it includes a few different P2E gaming elements.
Those who show the most skillful gameplay in the Tamaverse have a chance to win some great prizes and it mostly revolves around breeding and training Tamadoge pets for battles.
Every Tamadoge pet is a unique NFT token that has unique strengths and characteristics.
Tamadoges are minted as babies and players need to take care of them until they mature and are ready for battle.
After a Tamadoge reaches a certain level, it can participate in fights in the battle arena.
But, players shouldn't take the 'taking care' part lightly – if they don't feed and train their pets, they might end up as Tamaghosts and lose their powers.
The Battle Arena is where all fights take place and the winners receive Dogepoints. Those who have the most points by the end of the month can acquire the main prizes.
In terms of token supply, there is a total amount of 2 billion Tamadoge tokens developed.
Out of the 2 bill, half will be released during the main token generation event, 600 million will be partially launched each year over the next decade, and 400 million is reserved for exchange listings.
Tamadoge also has one of the hottest crypto presales at the moment. It started about one week ago and it will last until September.
Since Tamadoge is expected to blow up as soon as it's released, this is the perfect time to get in early on the project and count the profits once the coin goes live.
It seems that Tamadoge won't bring profits just at the beginning – the roadmap looks promising even for long-term investments.
According to the project roadmap, there will be lots of new and innovative features coming out in the next few months.
For starters, the founders of TAMA plan on forming a partnership with a dozen different Metaverse platforms, Centralized Exchanges (CEXs), and P2E crypto games.
Additionally, the long-term goal is to materialize TAMA rewards and build an augmented reality (AR) application similar to Pokémon GO.
One of the first things that will be released is a mobile app through which users can check on their Tamadoges even when they're on the move.
If everything goes according to plan, we might even see TAMA surpass the "kings of meme coins" like Dogecoin and Shiba Inu.
Unlike SAUDISHIB, Tamadoge doesn't have any tax fees on transactions in place.
The platform compensates for this by generating revenue from small sales fees on items bought in the Tamadoge store (the place where all in-game assets are traded).
Additionally, since TAMA is deflationary crypto, tokenomics directly support the token price.
All of this just confirms that Tamadoge is one step ahead of the competition. The days when meme coins could be based on just a name are long behind us. This is just one of the mistakes that Saudi Shiba Inu has made.
While it is possible for SAUDISHIB to explode in value, the explosion will most likely be extinguished in a matter of days and day traders will move on to the "next big thing".
Tamadoge isn't a typical meme coin that aims to impress investors with a cute dog picture and a mildly-interesting story.
Instead, it has a real business plan that revolves around attracting traders and players to breed their pets and use them in P2E battles.
But, what's even more important is that the founders of Tamadoge are some of the biggest names in the crypto, marketing, and design industries.
These experts have years of experience with these sorts of projects and have managed to incorporate some of the latest and most robust token and NFT standards.
So far, the beta sale for TAMA coins has raised over 110,000 USDT and there are no indications that it will slow down any time soon.
Not only are there a handful of amateur investors betting big on the project, but Tamadoge has also captured the eye of some big fish in the industry.
Compared to what Saudi Shiba Inu is offering, Tamadoge is miles ahead in the race.
The presale for Tamadoge tokens is live as we speak.
This means that there's no better time to get TAMA tokens for a low price and then see the zeroes in your bank account multiply once the project goes live.
If this sounds exactly like what you're looking for, here is a step-by-step guide you can follow to buy Tamadoge and become an early investor.
Those of you that don't already have a crypto wallet will have to create one to purchase TAMA.
Crypto wallets are easy to create and they are completely free (most of them). Due to the multi-chain support, we recommend going with MetaMask.
Go to MetaMask's official website, press "Download", and follow the instructions to set it up.
To buy TAMA, you need either Ethereum (ETH) or Tether (USDT) in your crypto wallet. You can buy both of these coins on all the major crypto exchanges like eToro, Binance, and Coinbase.
However, Tamadoge also provides investors with an option to buy ETH directly via credit or debit card on their official presale site.
After you buy ETH/USDT, move the tokens into your crypto wallet.
Go to the official Tamadoge website and press 'Buy'.
Then, press 'Connect Wallet' and choose your wallet provider. You'll see a bunch of instructions pop up; follow them to finish the connection process.
Type in the exact amount of TAMA coins that you want to buy (the minimum is 10,000) and press 'Convert ETH' or 'Convert USDT'.
Make sure the information you entered is correct and then click 'Confirm'.
The last stop – claiming TAMA tokens!
This option will become available once the presale ends in September.
Saudi Shiba Inu has had an amazing last few days, but most crypto analysts and experts are calling it a "one-trick pony".
This is mostly due to the fact that there is little to no information about the project online, it doesn't come with any utility, and it charges a hefty tax fee.
Tamadoge offers the complete opposite, making it the perfect alternative to the new Arabic crypto meme coin.
With an engaging P2E game, utility, and zero transaction fees, Tamadoge is paving the way to become the next number one meme coin in the industry.
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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.