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Over the past couple of weeks, it seems that Ethereum and other smart contract platforms have started taking over the main stage in the crypto market.
Even though it's worth 60% less compared to its ATH in November 2021, Ethereum's upcoming "merge" is anticipated to bring huge price increases, if everything goes according to plan.
But, regardless of the merge, some analysts believe that an ETH dip is set to occur in the next few weeks, which will be the perfect opportunity to capture the low price and wait for the upgrade.
With that said, there is one more undervalued crypto projected to explode in 2022 – Tamadoge.
The beta sale for TAMA tokens just ended ($2 million raised), but the presale is live and busy as a beehive.
Arthur Hayes (Founder of BitMEX) says that Ethereum will face a gradual decline in the next few weeks, even despite its upcoming merge.
He further explains that the expectations for the merge are huge, which could result in a sharp price decrease if it turns out unsuccessful.
This is what he said in his latest blog post, "There will be a negatively reflexive relationship between the price and the amount of currency deflation. Or, to put it another way, there will be a positively reflexive relationship between the price and the amount of currency inflation. Therefore, in this scenario, I believe traders will either go short or choose not to own ETH."
However, there's practically no chance for Ethereum to drop below the $800-$1,000 mark.
The reason for this is that even without the merge narrative, Ethereum has managed to hit an incredible market cap and it's the oldest functioning decentralized platform.
Ethereum has the most layer-1 chain developers in the world and the vast majority of DApps are using its network.
The ETH 2.0 upgrade is set to be released on September 15th and it will completely shift Ethereum's proof-of-work network to a proof-of-stake.
Ultimately, the goal is to fix the network's scalability issues and lay the foundation for future changes.
Arthur Haynes also mentions that a successful merge could very likely cause a bullish trend, but it probably won't be immediate.
"The structural reduction in inflation will only happen post-merge. I expect we will see it play out similar to Bitcoin halvings – i.e., we all know the dates they will occur, and yet, Bitcoin still always rallies post-halving."
In the period right after the upgrade, it's very possible that Ethereum will face a slight price decrease.
According to the BitMEX Founder, traders who partially/fully cut the token will be satisfied at first. But, when deflation takes place, the price might continue gradually growing.
"At that point, you would have to decide when to get back into your position".
Projected to eventually surpass Dogecoin and Shiba Inu as the leading doge-themed meme coin, Tamadoge has been the centre of attention for weeks now.
Tamadoge is a crypto meme coin that comes with a real-world utility, its own Metaverse, and has P2E elements.
TAMA is the platform's native token and primary currency used for in-game transactions and reward distribution.
Within the Tamaverse, players breed Tama pets (NFTs) and train them for battle. Those who earn the most amounts of Dogepoints from battle win the main prizes.
Investors aren't worried about any "rug pull" danger since the project is KYC-verified by CoinSniper and audited by Solid Proof.
Over the past couple of weeks, traders have been buying TAMA tokens like crazy, making it the hottest presale in the industry.
Now, the beta sale has officially ended ($2 million was raised), but the presale continues with tranches of 100m TAMA. The token price will gradually increase at each stage.
The founders of Tamadoge have announced a $100,000 crypto giveaway on the day of the prize draw, but only TAMA holders have a shot at winning.
Unlike the vast majority of other meme coins on the market, there aren't any taxes imposed on TAMA transactions.
The minimum investment you can make is 1,000 TAMA (plus a $10 gas fee), but don't sit on the offer too long – experts say that the price of TAMA will never be this low again.
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet).
Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend MetaMask.
If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
Once you have your preferred wallet provider ready, click "Connect Wallet" and select the appropriate option. For mobile wallet apps, you will need to select "Wallet Connect".
You will then have three options: Buy ETH With Card. This option will allow you to purchase ETH that will be sent to your wallet by our partner, Transak.
You will then be able to use this ETH to purchase TAMA. Click "Buy Eth With Card" to begin and follow the on screen steps. We recommend purchasing a minimum of $15 worth of ETH to cover the minimum TAMA purchase.Buy TAMA With ETH.
Once you have sufficient ETH in your wallet (if you do not have ETH or USDT, please select option 1 to purchase ETH first), you can now swap your ETH for TAMA. Type in the amount of TAMA you wish to purchase (1,000 minimum) and then click "Convert Eth".
Your wallet provider will ask you to confirm the transaction and will also show you the cost of gas.Buy TAMA with USDT. Please ensure you have at least $15 of USDT in your wallet before commencing the transaction.
Type in the amount of TAMA you wish to purchase (1,000 minimum). Click "Convert USDT". You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. Please ensure you go through both approval steps in order to complete the transaction.
Once the presale has concluded, you will be able to claim your TAMA tokens. We will release details closer to the time, however, you will need to visit the main site https://tamadoge.io and click on the gold "Claim" button.
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
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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.
