Tamadoge P2E Game CEX Listings Could Propel Crypto Price to 20x Gains
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
An exciting new play-to-earn cryptocurrency, Tamadoge (TAMA), has rewarded investors with staggering returns during its presale period. With an expected exchange listing around the corner, Tamadoge’s solid tokenomics and use cases means a potential 20x price gain is in the cards.
What is Tamadoge?
Tamadoge (TAMA) is an Ethereum-based project which is one of the top trending cryptos to buy right now. The cryptocurrency is the native token of the Tamaverse - a play-to-earn (P2E) environment which allows players to monetize their gaming activities.
Players can monetize their time on the platform by using TAMA to buy Tamadoge pets - NFT avatars representing unique dog-like avatars. Each avatar offers special characteristics and is built using smart contracts.
TAMA is a popular deflationary asset with a total token supply of 2 billion. 5% of all TAMA will be burnt to ensure demand increases. In comparison, some of the best meme coins, like Dogecoin, offer over 100 billion tokens. These inflationary tokenomics attribute to the low token prices.
Tamadoge Raised $19 Million during the Crypto Presale
On September 18th, Tamadoge completed its presale target of $19 million. Launched at just $0.01 per token, TAMA concluded the presale at $0.03 - a 300% return on investment.
50% of the 2 billion tokens were available during the presale, which lasted over 8 weeks. According to the Tamadoge whitepaper, 20% of the tokens have been reserved for future listings on centralized (CEX) and decentralized exchanges (DEXs). Thus, investors are awaiting news of Tamadoge’s launch in the coming months.
Could TAMA Increase By 20x Following CEX Listings?
After concluding the cryptocurrency presale, Tamadoge announced that the tokens would be listed on various popular global exchanges. For example, LBank, one of the top CEXs, will list TAMA in 2022. Similarly, Tamadoge will be listed on Uniswap - one of the biggest decentralized exchanges.
On September 20th, the official Tamadoge Twitter handle tweeted a major announcement about the CEX listing. The tweet specified that investors would learn more about the listings on the 23rd of September. Furthermore, a major Tier 1 CEX listing is set to be confirmed.
With an expected announcement date not too far away, many believe that TAMA could increase by 20x. Token listings attract high demand, potentially leading to upward price movements. In the case of TAMA, the token managed to triple during the presale despite the ongoing bear market.
A 20x price would put TAMA at $0.6 per token - with a market cap of only $380 million.
Update - it was announced that Tamadoge will list on OKX exchange on Sep 27th at 11:00 UTC.