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Everyone who thought that meme coins wouldn't be able to recover from the 2022 crypto crash is in for a surprise. The most famous meme coin, Dogecoin, reported a significant increase in the past week. Dogecoin and Shiba Inu realized that the crypto ecosystem was changing, so they upgraded their platforms with new DeFI features, NFT collections, and partnered up with DApp developers.
Dogecoin is preparing for a huge comeback, but another meme coin project called Tamadoge could overtake it as the "King of Memes." Let's see what's going on in more detail.
Before we go over the current situation in the meme coin ecosystem, we have to mention a new project that has the potential to become the King of Memes. It's the first meme coin project set in a metaverse, and it also comes with a built-in NFT store and Play-to-Earn mechanics. Tamadoge is still in its earliest stages and should go live in late 2022. However, it's already showing more growth potential than all other meme coins combined.
The platform's native token, called TAMA, will be used for all transactions within the Tamaverse. 65% of all tokens used will be given back to players through rewards, while another 5% will be burned. That way, TAMA tokens will diminish over time, resulting in steady price growth. Moreover, the entire project is already entirely KYC'd on CoinSniper, and the audit is done by SolidProof. That means that Tamadoge thought about everything in advance. Once it goes live, it will have all of the features needed to thrive in the future. That's something Shiba Inu and Dogecoin are still struggling to achieve.
TAMA tokens are available in presale as you read this article. The presale was supposed to last until October, but they will likely sell out in early September due to the massive influx of investors. Nevertheless, you still have time to buy TAMA tokens at a discount, so hurry up to the official Tamadoge website and buy your batch before the supply runs out. If you spend at least $100, you can also enter the $100,000 giveaway and win a heap of TAMA tokens.
Although the Tamadoge presale started only recently, investors worldwide have already done their part to capitalize on this incredible investment opportunity.
Check out this guide if you want to become a Tamadoge community member and potentially get rich by investing in Tamadoge. The step-by-step guide will explain each process in great detail, so make sure to read it carefully.
Once you complete all the steps, you'll be a proud owner of your first Tamadoge token.
Step 1 – Create a Crypto Wallet
If you don't already have one, you first need to create a crypto wallet to buy Tamadoge.
Most wallets are simple to create and are completely free. With that said, we recommend that you go with MetaMask since it includes multi-chain support.
Go to MetaMask's official website, press "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 major crypto exchange platform.
However, you also have the option to purchase ETH directly via credit/debit card on Tamadoge's official presale platform.
After you buy ETH/USDT, transfer the tokens into your crypto wallet.
Step 3 – Connect the Crypto Wallet with Tamadoge's Presale Platform
Go to the official Tamadoge website and press 'Buy.'
Next, click on 'Connect Wallet' and pick your wallet provider. You'll see a bunch of instructions pop up; follow them to finish the connection process.
Step 4 – Purchase Tamadoge
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.'
Double-check the information you entered and confirm the transaction if everything is correct.
Step 5 – Claim the Tokens
Lastly, all that's left for you to do is claim the Tamadoge tokens.
But, you should know that the 'Claim' option will be available only once the presale ends.
The leading meme coin has experienced sudden growth a few times in the past. For example, after Elon Musk mentioned on Twitter last year, DOGE exploded the next day. It lost most of its all-time high value but is coming back in style. DOGE gained over 13.5% in the past week, reaching $0.088 after a long time. However, with the new Dogechain, it is expected to reach new all-time highs shortly.
The new project is built entirely on top of the Polygon Edge-based blockchain. It has already locked $5 million in liquidity and set up on-chain trackers to monitor how much value is moving to the new Dogechain ecosystem that launched a week ago. The purpose of the new platform is to promote Dogecoin utilization, which is why it has been dubbed the layer-2 Dogecoin. In addition, the new platform fully supports the Ethereum Virtual Machine, allowing it to run games and apps built on the ETH network.
These features are a sign that DOGE is not ready to give up. On the contrary, it's putting in extra effort to stay in line with other meme coin projects that offer better token utilization. Ever since Tamadoge was first announced, other meme coins realized that they have to step their games up to compete with rising meme tokens.
Shiba Inu found itself in the same situation as Dogecoin. Apart from poor token utilization, it lacked the features needed to keep thriving in the crypto ecosystem. However, Shiba Inu announced a new DeFI token exchange called ShibaSwap and a metaverse called Shibaverse. The recent development helped push the price of SHIB tokens up by 19.78% in the past week, allowing Shiba Inu to replace Avalanche as the 12th crypto with the highest market cap.
Both meme coins are rallying, a rare occurrence on the crypto markets these days. Moreover, both meme coins are expected to keep growing steadily. All of this is happening at the same time while leading cryptos such as Bitcoin and Ethereum keep falling. As a result, investors are moving away from buy-and-hold tokens to the new meme coin market.
It's clear that Dogecoin wants to stay among the top ten ranked cryptocurrencies worldwide since it's putting a lot of effort into new features and use cases. However, the project still has to solve numerous challenges before it can start growing.
On the other hand, we have Tamadoge, a new meme coin project designed according to the best industry practices. It's about to go live in a couple of months as an NFT/metaverse platform, and once it does, TAMA tokens will easily outperform most others. Therefore, if you want to invest in a project with the highest growth potential, Tamadoge is the best choice.
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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.
