One can certainly not ignore Tamadoge anymore. The cryptocurrency has made unprecedented progress regarding meme coins in the cryptocurrency markets.
Unlike the previous set of meme coins that came, peaked, and vanished, Tamadoge has undoubtedly been able to maintain its hype and attract investors because of its fundamentals and utility-first approach, as a cryptocurrency.
Since its listing on major exchanges, Tamadoge has surged over 200% in a week, owing to strong fundamentals, and news of the coin being eyed by major whales. Investors can bag Tamadoge as per their liking from exchanges such as OKX, BitMart, and Uniswap.
Let us understand what the recent development in Tamadoge’s market capitalization means for cryptocurrency and its near future.
Tamadoge Market Cap Now Third Highest Amongst Meme Coins
Tamadoge took the crypto markets and meme coin enthusiasts by storm when it entered the coveted list of the top 3 meme coins by market capitalization.
At the time of writing, the cryptocurrency’s market capitalization stands at $167,122,681, which places it in a comfortable third place, surpassing Baby DOGE in the process. This makes Tamadoge the third largest cryptocurrency by market cap, only behind Dogecoin (DOGE) and Shiba Inu (SHIBA).
TAMA is currently trading at $0.1684. The cryptocurrency saw a 24h high of $0.1957 and a low of $0.1178, along with a 24-hour trading volume of $78.7 million. There are around 1.01 billion TAMA in circulation at the moment.
The native token of Tamadoge, TAMA, was listed on OKX on the 27th of September. The coin has since then seen an 1870% surge in its price from its early beta sale price of $0.01 (pre-sale price).
Why is Tamadoge Exploding in a Bear Market?
While a majority of the market suffers from a bearish phase in the crypto market, there are many contenders like Tamadoge, which is flourishing during this phase.
The cryptocurrency has revolutionized and in fact, changed the preconceptions around meme coins by offering the utilities and functionalities that Tamadoge offers. Its first shot to fame was the presale in which it was able to raise more than $19 million, which seems like an unreal number for a meme coin to achieve in the first few days of its pre-sale.
Another major and somewhat unseen factor behind Tamadoge hitting the charts is the fact that the cryptocurrency has effectively been able to combine the audience from various different aspects of the Web3 domain- meme coins, play to earn, NFTs, and a holistic crypto ecosystem.
Apart from the initial hype phase of Tamadoge, which saw customers joining for the entertainment that the coin brought with itself in the form of Tamadoge Pets. Gradually, there was a universal realization about how TAMA can be an effective way to generate profits from investing in it. The ones who bought Tamadoge during the presale phase were able to book decent profits from their investments in the cryptocurrency.
The listing of TAMA on major crypto exchanges such as OKX gave it some much-needed momentum. The popularity of OKX certainly added to the overall hype around Tamadoge.
Tamadoge’s Future Looks Bright: Getting Everything Right?
It seems like Tamadoge has been able to factor in all the major aspects that a major crypto investor looks at before investing and combined all of them on a single platform. Tamadoge’s future certainly looks bright as it further expands and explores other areas it can excel.
According to Tamadoge’s whitepaper, it is bound to further add more feathers to its hat.
One of the major updates for enthusiasts looking at Tamadoge right now is the launch of Tamadoge NFTs. These Tamadoge non-fungible tokens are essential and are an integral part of the Tamadoge ecosystem, as users will be using them to take part in the weekly Tamadoge Pets battles.
The NFTs are a way of involving more and more people to become a part of the cryptocurrency’s play-to-earn mechanism. A total of 21,000 Tamadoge NFTs will be available to investors and the collection will be split into three: Ultra-rare, rare and common, denoting their importance and scarcity levels. Only 100 ultra-rare NFTs will be released on October 6th.
Apart from the NFTs, there are the fundamentals that make Tamadoge a decent investment opportunity. Being a deflationary token, it holds a certain value and levels of rarity compared to its competitors. That means, that the number of TAMA tokens in circulation will remain limited, and there will always be the burning of these tokens, to keep the supply in check.
The Tamadoge team has been proactively working, updating, and bringing newer elements to its ecosystem to ensure that the hype around TAMA doesn’t fizzle out. Listing on major exchanges, project integrations in the NFT space, and lots more is yet to come for Tamadoge down the line.
Register on OKX to buy Tamadoge
Conclusion: Is TAMA going to become the first $1 Meme Coin?
Creating a crypto project in the meme coins space is in itself a big challenge. However, the team at Tamadoge has been able to embrace that challenge beautifully.
Tamadoge dethroning Baby Doge to become the third largest cryptocurrency by market capitalization is in itself a testament to the fact that it is bound to only go up from hereon.
Recently, the Tamadoge team took to Twitter to announce that the cryptocurrency will soon be listing on a slew of major exchanges, including LBank and MECX. We saw Tamadoge gaining a lot of value from its valuation on OKX DEX and OKX CEX. Add these two to the list, and the results majorly seem bullish.
Moreover, there have also been recent speculations about Tamadoge listing on Binance, which, if and when it happens, can be a big factor, further adding momentum to its price.
It is to be seen how the team at Tamadoge and the investors take TAMA’s bullish run into consideration and make further moves.
Read More
Tamadoge – Play to Earn Meme Coin
- Earn TAMA in Battles With Doge Pets
- Maximum Supply of 2 Bn, Token Burn
- Now Listed on OKX, Bitmart, Uniswap
- Upcoming Listings on LBank, MEXC
