This Meme Coin P2E Game Could See 10x Gains When it Lists
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To minimize the losses from the ongoing cryptocurrency bear markets in 2022, investors are looking to invest in an exciting new play-to-earn (P2E) cryptocurrency – Tamadoge (TAMA). With a 3x price increase during the presale, could we see a 10x price gain after the token lists?
What is Tamadoge?
Tamadoge (TAMA) is the native cryptocurrency of the Tamaverse – a virtual ecosystem that offers in-game rewards through its GameFi ecosystem. On the Tamaverse, players can leverage TAMA to purchase playable NFT avatars known as Tamadoge pets.
Built using ERC 721 smart contracts, the Tamadoge pets represent different characteristics and can be bought from the Tama store. Players can purchase multiple other virtual items, which will help them to grow and breed their individual pet NFTs. Eventually, the NFTs will be used to compete in community-wide competitions, where the winners are rewarded with TAMA.
Tamadoge Presale & Tokenomics
According to the Tamadoge whitepaper, the cryptocurrency has a total supply of 2 billion tokens. Moreover, 5% of all TAMA spent on the ecosystem will be burnt to make the token more valuable in the long term. This makes Tamadoge a more lucrative investment than Dogecoin – which has a token supply of 132 billion tokens.
Furthermore, Tamadoge’s tokenomics have also stated that 30% of the tokens spent will be used for marketing purposes, while the remaining 65% will be distributed as rewards to P2E prize pools.
Concluding one of the best crypto presales in September 2022, Tamadoge raised $19 million in 8 weeks. Initially, TAMA had a presale target of just $10 million. However, the token’s successful beta presale ($2 million raised in 10 days) resulted in an increased target of $19 million.
While 50% of the TAMA tokens were available during the presale, 20% of the token supply has been reserved for future decentralized (DEX) and centralized exchanges (CEXs). For example, LBank and Uniswap are among the popular cryptocurrency platforms that will list the token in 2022.
Can Tamadoge Increase by 10x?
During the presale, TAMA increased from a launch price of $0.01 to $0.03 – a 3x price increase. The successful launch can be attributed to multiple factors – such as the token use cases and deflationary tokenomics.
However, Tamadoge has also established long-term roadmap plans to help flourish its P2E environment. According to the project’s roadmap, the platform is expected to launch an Augmented Reality (AR) Tamadoge app in Q4 2023. Moreover, the platform is also working on a P2E arcade-style game, which will feature physical Tamadoge rewards.
In 2023, Tamadoge is also expected to make key partnerships with other metaverse projects and look to boost its token listings on various CEXs. Therefore, Tamadoge can become one of the best long term cryptocurrency projects to watch.
To further increase by 10x – TAMA would need a market cap of $190 million. This would launch the price of the cryptocurrency to $3. Dogecoin has a live market cap of nearly $8 billion, with a price of $0.06. Notably, Tamadoge offers more use cases than Dogecoin, making a 10x price increase likely.
Along with the listings on LBank and Uniswap, the Tamadoge Twitter account has recently tweeted suggesting an upcoming listing on a popular cryptocurrency exchange. With more information expected to come out on the 23rd of September 2022, news of another listing can make Tamadoge one of the top cryptocurrencies to trade.
