Tamadoge Presale Hits $19M Hard Cap Despite Bitcoin Price Drop
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The most talked about token presale of 2022 may have become a flight to safety for some investors in the face of crashing crypto prices.
A few hours ago the Tamadoge (TAMA) presale sold out at tamadoge.io, raising its full target of 19 million USDT amid choppy crypto market conditions.
At press time Bitcoin is down 6% in the past 24 hours, dropping to an intraday low of $18,400 on Binance as traders are potentially derisking in the run-up to FOMC on Wednesday.
Tamadoge Presale Timeline
The Tamadoge token presale began July 25th, 2022 with a beta sale, during which the TAMA price was on discount at $0.01.
That caught the attention of Yahoo Finance who praised its utility and appealing use case:
Unlike most so-called memecoins, Tamadoge has been designed to have real utility. It serves as the native currency of a games platform populated by virtual Tamadoge pets. Owners can mint, breed, and battle Tamadoges to level up. Tamadoge has been designed to make Play-to-Earn fun, having drawn lessons from the mistakes of early P2E games.
Yahoo Finance went on to review Tamadoge twice more, around the $5 million and $8 million milestones.
CNBC also featured Tamadoge at the $15 million mark:
The fact that its presale performance has exceeded that of Ethereum and popular move-to-earn platform StepN is an excellent indicator of future growth potential. Some experts predict a 10x growth by 2023, while others are slating a 50x price spurt. Tamadoge also scores big on the trust factor, with CoinSniper carrying out a full KYC on its founding members and a ‘100 percent secure' label from the Solid Proof audit.
The Tamadoge presale had originally been expected to run into the fourth quarter of 2022, but in total sold out in just under eight weeks.
Tamadoge Crypto Exchange Listings
The next phase will be investors claiming their TAMA tokens - a full announcement on how to safely do so is set to be made on September 20th, on the project's official Telegram and Discord (admins will not DM you first, beware of scams).
Tamadoge investors can also opt to receive updates via email - although that is not mandatory.
Last month LBank exchange confirmed on Twitter their upcoming TAMA listing.
Tamadoge, an ERC-20 token, will also have its initial DEX offering (IDO) on Uniswap. TAMA is set to list at a price of $0.03.
As the Tamadoge presale sold out earlier than expected, the team are reportedly moving forward all TAMA crypto exchange listings to take place in the coming days.
Whale Buys Tamadoge With 55.8 ETH
CNBC's mention of this new cryptocurrency token's 10x potential or higher may been the catalyst for the final stage of its presale selling out rapidly - in excess of $1 million was raised over this weekend.
Tamadoge has also been highlighted by Bitcoinist, BeInCrypto, NewsBTC, and crypto influencers across social media.
Jacob Crypto Bury above notes that a Tamadoge purchase equivalent to 55.8 ETH was recorded on Etherscan on Sunday.
That may have been a well-timed exchange as the Ethereum price has dropped 10% in the past 24 hours.
Tamadoge Head of Growth Carl Dawkins spoke at a Blockchain and NFT conference as part of London Metaverse Week on Saturday, with several other TAMA holders in attendance.
New crypto token presales and ICOs can often outperform bearish market conditions even if their launch day is a red day - investor sentiment, hype and optimism is highest in the early stages of a new crypto project.
The Bitcoin price may also bounce after FOMC day - which we'll also be reporting on live here at CryptoNews.
Update - Tamadoge now has its first crypto exchange listing scheduled for September 27th at 11:00 UTC.
Latest Tamadoge News