Play-to-Earn Meme Coin Tamadoge Will List on Top 5 Exchange in 7 Days – TAMA Price Pump Incoming?
Monday April 17th 2023 – There are only seven days to go (April 24th) until the announcement revealing which top-tier crypto exchange Tamadoge will be listed on.
The actual listing takes place on April 27th, but crypto watchers are waiting with baited breath for any clues.
A Tamadoge poll on Twitter asking the community which exchange they think it will be shows Binance out in front, attracting 64% of the 1,000+ voters taking part.
There isn’t much time left to take part, so the team invites you to exercise your vote.
The play-to-earn (P2E) games platform Tamadoge (TAMA) stands out from the crowded meme coin field because of this utility-first approach.
Instead of relying purely on viral cuteness – although it has that in spades – Tamadoge has dived headlong into developing its gaming product.
In its short life, Tamadoge has to date launched 5 arcade games.
Community reviewers agree that the games are crazily addictive.
What’s more, analysts are predicting price momentum to accelerate for Tamadoge leading up to and after the listing.
Tamadoge has more unique monthly players than Decentraland and The Sandbox combined
So far around 22,000 unique players are testing out their skills in the arcade. That is an impressive figure for crypto gaming.
Contrast its adoption metrics with crypto metaverse leader Decentraland and The Sandbox for example.
According to DappRadar data, in the past 30 days Decentraland, which has a market cap of $1.2 billion, mustered 4,550 unique active wallets.
The Sandbox, another top project, this time with a market cap of $1 billion, totalled 6,730 unique active wallets in the past 30 days.
Recently appointed community manager Tom Harper did his first video update on April 14th.
Specifically, Harper addressed the issue of usability and the fact that a large drop off had been noticed on the website of visitors wanting to play, but then giving up at the crypto wallet connection pain point.
Harper spoke about what he considers “the most critical thing that Tamadoge has done so far – introducing the new user sign up flow”.
“We are leading the way in creating a frictionless system in getting people playing in web3 gaming. Now that you can join with just an email, it opens up the Tamaverse to everybody,” he explained.
This latest news comes after the successful launch of five play-to-earn arcade games, before the main app launch later this year.
TAMA is trading on the OKX exchange at $0.01426 today. The token price is up 36% in the past 14 days according to CoinGecko data.
TAMA resistance flips to support for next push higher
The Exponential Moving Average (EMA) ribbon is a technical analysis indicator that consists of a series of exponential moving averages of different timeframes plotted on a chart. The EMA ribbon is said to be compressed when the EMAs are tightly packed together on the chart.
When the EMA ribbon is compressed, it suggests that the market is in a period of consolidation, with neither the buyers nor the sellers having a clear advantage. Traders may interpret this as a sign of indecision in the market, which could lead to a potential breakout in either direction.
A breakout from a compressed EMA ribbon can indicate a significant shift in market sentiment, with a sharp move to the upside or downside.
Given the news flow already signposted on April 24th, it is reasonable to expect the breakout to be to the upside in the case of Tamadoge.
Traders often use other technical analysis tools, such as momentum indicators or chart patterns, to confirm a breakout and determine the direction of the trend. However, the TAMA trendline shows a bullish 45 degree incline.
Looking at the relative strength index, bulls would like to see the RSI (purple) above the RSI moving average (yellow), but it is moving in the right direction, with a cross imminent.
Tamadoge bulls have many reasons to be cheerful
It's important to note that like any technical indicator, the EMA ribbon should not be used in isolation to make trading decisions. Traders should also consider other factors, such as fundamental analysis and market news, before making any trades.
Perhaps the best indicator of the health of Tamadoge, is the fact that it is up 2% today, while the big guns such as bitcoin are off the pace, down 3%.
Suffice to say, on the fundamentals, Tamadoge is sitting pretty.
Admittedly Tamadoge has some way to go to get back in touching distance of its all-time high (ATH), but price momentum now has a fair wind.
Whichever exchange it is listed on on April 27th, this could be the entry point market participants have been looking for to get back into the meme, before it scales the heights by returning to its ATH at $0.196 – a 1,500% gain on the current price.
The five arcade games are just the beginning – Tamaverse app comes later this year
The five arcade games released so far are but a teaser for what is to come – namely the Tamadoge AR app that the developers are furiously working on now.
Thanks to augmented reality (AR) technology, players will be able to nurture their Tamadoge pets 24/7, as well as interact with them in a mixed reality world.
Importantly, there will be no expensive headset required to enter the Tamaverse. Just download the smartphone app and you are ready to go.