Meme coins have been making a slight recovery over the last month. Shiba Inu is the second-largest meme coin in the crypto space by market cap. Over the past month, it has gained by 10.1%, replicating the slight recovery that the crypto market recorded during this time.
Shiba Inu pumps 10.1% this month
Shiba Inu has attempted to gain utility in the market by focusing on several developments, including the metaverse. Additionally, the token has attempted a burn feature to lower its large supply in the market. However, this has failed to make the meme coin recover from this year’s bear market.
Shiba Inu reached an all-time high of $0.000086 in October last year. However, as the rest of the market tumbled to new lows this year, SHIB has also been affected, dropping by 86% from its all-time high.
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However, even as the Shiba Inu team attempts to launch new initiatives surrounding the project, it has failed to keep up with the competition. One of the crypto space’s new competing meme coin projects is Tamadoge (TAMA). Tamadoge has positioned itself as a meme coin with utility and solid tokenomics.
Tamadoge sells out half of the presale tokens
The Tamadoge presale is attracting a lot of demand across the crypto market. The demands come from the solid roadmap that the team behind the meme coin has provided to its users. At the time of writing, the presale had raised $6,896,189. Half of the presale tokens have already been sold, and the remaining half could be sold out soon if the current demand levels are sustained.
Tamadoge is a meme coin. However, it has been designed to be different from the other meme coins currently dominating the market. One of the main attributes of meme coins is that they are low cap cryptos because of their low value. However, Tamadoge plans to be different by aiming at higher prices through solid tokenomics.
TAMA tokens have a capped supply of 2 billion coins, making TAMA a deflationary token. The capped supply differs from the other meme coins, making it possible for the rising demand to give it more value.
Another unique thing about Tamadoge is that it is play-to-earn crypto. The blockchain gaming ecosystem has grown significantly over the past year, and developers are looking for ways to leverage the sector’s growth. Tamadoge allows crypto games players to mint, breed, and battle with their doge pets to receive rewards. Players can then receive rewards in the form of TAMA tokens for their success in the battles.
The Tamadoge team has also announced it will be hosting an ask-me-anything session on August 25. The session will allow the community to learn more about Tamadoge and how the platform works. You can go to the Tamadoge Telegram group to learn more about this AMA session.
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