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The last couple of weeks in the crypto market have been pretty eventful, especially when it comes to Ripple (XRP) and Terra Classic (LUNC).
Both of these tokens have recorded some amazing performances over the past month and the positive sentiment around them seems to be growing by the day.
However, will this sentiment last for much longer or is it a "one-time fling"?
Well, to answer this question, analysts say that we'll need to keep a close eye on how things evolve over the next few months with Ripple's SEC trial and Luna's manhunt for Do Kwon.
But no matter how things turn out, there's one cryptocurrency that's currently outperforming both of them – Tamadoge.
Let's go over what's happening.
Over the last week, announcements regarding new CEX/DEX listings have been coming from all sides for Tamadoge.
The first major exchange to list it was OKX. This happened on September 15th and the early investors were stoked to hear about the listing, mainly because of OKX's stellar reputation.
Currently, OKX counts almost 1.5 million visitors each week and has a daily trading volume of around $1.4 billion, according to CoinMarketCap.
This is great news for a newly-released meme coin like Tamadoge since the platform has the massive audience it needs to attract more investors.
Side note: Tamadoge can be purchased on both CEX and DEX platforms on OKX.
Since it was listed last week, TAMA saw a price increase of around 200%, which is a huge milestone considering that the crypto winter is still going strong.
Those who were quick enough to snatch TAMA at discounted prices during the beta phase of the presale have so far seen gains of over 700%.
After OKX, Tamadoge was listed on BitMart, another huge name in the CEX community. This had a huge impact on token awareness, which prompted yet another price boost for TAMA.
Even though this is already an impressive accomplishment, it seems that Tamadoge is only warming up.
Tomorrow (on October 5th), Tamadoge will be officially released on LBank, which will be followed by MEXC later this week.
Notably, the development team has sent a listing application to the world's largest crypto exchange – Binance.
Considering that Tamadoge is slowly establishing its place within the market, there's a good chance that this listing will come to life as well.
Tamadoge first made headlines when it concluded its presale in mid-September and raised $19 million in funding, way ahead of schedule.
Apparently, the goal was for the presale to last until Q4 2022, but the huge investor demand cut this timeline short.
At the time of writing, Tamadoge is priced at around $0.184 (according to CoinGecko) and has a market cap of over $76 million.
But what's so special about this meme coin?
Tamadoge is a deflationary meme coin that has its own Metaverse (the Tamaverse) and includes an NFT store and P2E game within it.
Furthermore, Tamadoge brings something new to the meme coin market – real-world utility and cutting-edge tokenization.
Soon, the Tamadoge NFTs will be released and they can be minted in form of Tama pets. These pets are the centre of attention in the platform's P2E game.
In short, players need to take care of their pets and learn how to use their powers so they can later fight for Dogepoints in the battle arena.
Winning battles and completing missions with Tama pets allows players to earn prestigious awards from the game's Dogepool.
Naturally, those who purchase the pricier Tama NFTs will get pets with stronger powers, which will increase their chances of winning the battles.
Tamadoge is still in the early development phase, but the team behind it has laid out some impressive plans in the roadmap. This includes a TAMA-themed arcade game and an AR (augmented reality) mobile app that allows players to take care of pets on the go.
The project was KYC-verified by CoinSniper and audited by SolidProof, making it 100% safe and proving that there's no "rug pull" danger.
Even though the last seven days haven't brought much action for LUNC, the token was able to generate some solid returns over the last two months (221% increases).
While the news of Do Kwon facing arrest caused slight price plummets, the asset is still maintaining its $0.0003 price successfully.
One of the main reasons why investors believe LUNC will increase in the following period is due to Binance's support in terms of rehabilitating the token's price.
In essence, Binance will support Terra Classic's burn mechanism and burn LUNC/BUSD and LUNC/USDT spot and margin trading fees.
We are yet to see how this will unfold.
As for XRP, the token has been constantly trading in green over the last month, with a 6% increase in the last 24 hours.
Currently, the price sits at around $0.48 and it's highly likely that it will surpass the $0.5 target fairly soon.
What's more, the legal battle with SEC is looking good so far and there's a real chance for XRP to come out on top of it.
If this happens, the price increases will be gigantic and Ripple could even reach the $3 mark in a relatively short period.
This caused a spike in speculative trading over the past few days.
Both XRP and LUNC have had an amazing last couple of weeks, but the road to huge profits doesn't look smooth for these leading altcoins.
Legal battles, arrest warrants, history of high volatility… these are just some of the things that mark these two tokens.
That's why Tamadoge is looking like a much better alternative for investors.
Not only does Tamadoge have the weapons to come out on top of the crypto pump, but we have already seen that it's capable of reaching milestones and setting new records.
For 2022, there aren't many tokens that could compete with Tamadoge when it comes to high-profit potential.
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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.
