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To minimize 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 pre-sale, could we see a 10x price increase after the token listings?
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 Tamaverse, players can use TAMA to purchase playable NFT avatars known as Tamadoge pets.
Built with ERC 721 Smart Contracts, Tamadoge pets represent different traits and can be purchased from the Tama Store. Players can purchase several other virtual items that will help them breed and breed their custom pet NFTs. Finally, the NFTs are used to enter community-wide competitions where winners are rewarded with TAMA.
Tamadoge Presale & Tokenomics
According to that Tamadoge white paperthe cryptocurrency has a total supply of 2 billion tokens. Additionally, 5% of all TAMA issued to the ecosystem will be burned to make the token more valuable in the long run. This makes Tamadoge a more lucrative investment than Dogecoin – which has a token stash of 132 billion tokens.
Additionally, Tamadoge’s tokenomics have also stated that 30% of the tokens issued will be used for marketing purposes, while the remaining 65% will be distributed as rewards to P2E prize pools.
completion of one of best crypto presale In September 2022, Tamadoge raised $19 million in 8 weeks. Originally, TAMA had a pre-sale goal of just $10 million. However, the successful beta pre-sale of the token ($2 million raised in 10 days) resulted in an increased target of $19 million.
While 50% of TAMA tokens were available during the pre-sale, 20% of the token supply was 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 Gain 10X Weight?
During the presale, TAMA went from an introductory price of $0.01 to $0.03 – a 3x price increase. The successful launch can be attributed to several factors – such as the token use cases and deflationary tokenomics.
However, Tamadoge has also established long-term roadmap plans to help ensure the success of its P2E environment. According to the project’s roadmap, the platform is expected to launch an augmented reality (AR) Tamadoge app in Q4 2023. Additionally, the platform is also working on an arcade-style P2E game that will feature physical Tamadoge rewards.
In 2023, Tamadoge is also expected to form important partnerships with other Metaverse projects and seek to improve its token listings on various CEXs. Therefore, Tamadoge can become one of the best long term cryptocurrency see projects.
For another 10x increase, TAMA would need a market cap of $190 million. This would increase the price of the cryptocurrency to $3. Dogecoin has a live market cap of nearly $8 billion at a price of $0.06. Notably, Tamadoge offers more use cases than Dogecoin, making a 10x price increase likely.
Along with listings on LBank and Uniswap, Tamadoge’s Twitter account recently tweeted proposing an upcoming listing on a popular cryptocurrency exchange. With more information expected to be released on September 23, 2022, news of another listing may make Tamadoge one of the top cryptocurrencies to trade.