The cryptocurrency industry went through a huge upsurge a couple of years back in 2021. This was the time when the market of meme coins spiked to a great extent. Meme coins are crypto tokens that are inspired by memes. They tend to be very volatile compared with the top crypto tokens such as Ether (ETH) and Bitcoin (BTC).

The reason behind this is that such coins are considerably community-driven. The prices o the respective tokens are normally affected by the sentiments of the online as well as the social media community. This frequently paves the way for great hype. Nonetheless, they are also exposed to a huge financial risk and fear of missing out (FOMO). Nevertheless, a few traders have leveraged such tokens to become rich while several others were deprived of their wealth because of the huge volatility within the crypto market.

Some consider 2021 to be the year when “dogs” witnessed a huge hype. Prominent meme tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) drove the meme coin market and saw great heights in their market capitalization and price. Meme coins have another characteristic in that normally they possess an enormous or almost infinite supply.

For instance, the cumulative supply of Shiba Inu (SHIB) comprises up to 1 quadrillion coins. On the other hand, there is no limit to the maximum supply of DOGE. Additionally, more than 100B tokens are in advance being circulated at present. Meme coins do not possess a mechanism for coin burning. Hence, the huge supply of the respective tokens elaborates the reason for their relatively decreased prices, letting people purchase millions of such tokens for just $1.

Tamadoge (TAMA): An Introduction

The upsurge of “dog” coins in 2021 enabled many new tokens to enter the crypto market. One such meme coin was Tamadoge (TAMA). The respective token targets merging the so-called dog tokens’ a rather fashionable position with the capabilities of the things related to the play-to-earn world. As mentioned on the website of Tamadoge, the token is set to revolutionize the play-to-earn sector.

The TAMA plays the role of a gateway token for the Tamaverse. Tamaverse is a virtual world that permits consumers to mint, breed, as well as battle their Tamadoge pets. The platform of Tamadoge has mentioned that this would be assistive for the consumers to take the Tamadoge NFTs to the leaderboard’s top. In addition to this, several other opportunities related to the play-to-earn sector will be provided to the users.

They will take into account virtual reality experiences, permitting the NFTs of the consumers to play with their friends within the Tamaverse. Tamadoge might be slightly different from the rest of the meme coins as a named team is behind the token while several other such tokens have been developed by either pseudonymous or anonymous developers. Thus it might be noteworthy that the group backing the crypto token takes into account an experienced blockchain developer named Siphamandla Mjoli along with some other people.

These executives include Neil Palethorpe (the senior interaction designer), Éric Lamontagne (the full stack developer), Thomas Seabrook (the top game developer), and Carl Dawkins (the growth head). The platform of Tamadoge combines NFT trading as well as virtual pets. The pets in the Tamadoge system have the central value. The users can purchase them with the use of the Tamadoge tokens in their possession.

Temadoge pets are tradeable and mintable pets with exclusive strengths, weaknesses, and stats associated with each of them. The respective pets mature and grow with time if the owners feed them. After becoming an adult, a Tamadoge pet gets the ability to battle with the pets of the rest of the players. This enables them to turn into the prominent Doge pets on the leaderboard of Tamadoge, with the use of the Tamadoge battling arena that is turn-based.

Tamadoge (TAMA) Price Statistics

Tamadoge (TAMA) Price:	$0.01373
Tamadoge (TAMA) Rank:	738
Tamadoge (TAMA) Market Cap:	$27,460,496
Tamadoge (TAMA) Trading Volume:	$1,833,965
Tamadoge (TAMA) 24h High:	$0.0153
Tamadoge (TAMA) 24h Low:	$0.01353

Tamadoge (TAMA) Use Cases and Tokenomics

The TAMA token is Ethereum blockchain-based. The token can be utilized to buy objects on the network. The consumers are also permitted to get the token via interacting as well as playing with the Tamadoge NFT possessed by them. In line with the further details regarding the token, the cumulative supply of the token is nearly 2B. 50% of the respective amount was offered in pre-sale.

3/9

Tamanomics

The Total Maximum Supply Of #Tamadoge Is 2 Billion.

During The Token Generation Event, There Were 1 Billion Tokens In Circulation, With 400 Million Reserved For Exchange Listings.

The Final 600 Million Will Become Available Over The Next 10 Years.

— TAMADOGE (@Tamadogecoin) November 8, 2022

Within the other 1B TAMA tokens, almost 400M were unminted and reserved to be listed on diverse crypto exchange platforms. The remaining 600M were provided to be minted during the next ten years. While people purchase something from the online shop of the Tamadoge network, 5% of the TAMA tokens are spent. In this way, the platform burns these tokens to prevent a decline in the price.

Apart from that, thirty percent of the charges are allocated for the development as well as the marketing of the platform. On the other hand, the rest of the tokens move to the prize pool of the system. Nonetheless, Tamadoge asserts that the platform does not implement any tax for the rest of the transfers on the system. As per it, the project should also generate value other than the people who trade the token.

The price history of digital assets is very important in gauging the extent of trading, investment, short-term candlestick, long-term cryptocurrency market trends, community support, volatility, and so on. Looking at the past price chart makes it easy to perform market analysis and price prediction, and determine the impact of the economic indicators on the altcoins like Tamadoge.

Keeping in view the altcoin price movements, as well as the price volatility factors, the TAMA token saw some chief landmarks in terms of its price since it initially started trading on the 27^th of September last year. The token’s price was $0.010 in 2022’s July at its ICO sale. After that, the token’s price reached $0.030 at the end of the multi-phase ICO movement. After that, TAMA spiked beyond the figure of $0.050 only in 4 days following the conclusion of its presale, and the well-known exchange OKX listed it on its platform.

The price of the Tamadoge token touched the milestone of $0.080 in October last year. This occurred nearly a couple of weeks following the start of trading by the token. During the same month, it spiked beyond the $0.100 level when news circulated about its likely listing on the well-known crypto exchange Binance. On the 4^th of October, the token reached its then-all-time high of $0.150.

While focusing on the price movement of the token, it is clarified that TAMA was trading around at $0.0130 as its open price on the 16^th of March. However, on the 15^th of April, $0.0150 was the price thereof. The historical price data analysis says that the token’s price jumped by approximately 15.88% in the meantime.

In line with the price action analysis, the high price of TAMA has seen a 13.93% upsurge during the respective time. On the 16^th of the previous month, $0.0134 was the highest price of Tamadoge while its highest price level on the 15^th of April was $0.0153. In terms of lowest prices, the token was trading nearly at $0.0129 on the 16^th of March.

A month after that, on the 15^th of April, its lowest price touched the $0.0135 mark. The price history points out that the lowest price of TAMA rose by up to 4.77% during the aforementioned period. In terms of the token’s close price, an escalation of almost 3.93% has been witnessed during the same period.

In the case of the TAMA token’s traded volume, the historical data signifies that tokens of up to $2,531,350 worth were traded on the 16^th of March. While comparing it with April 15, when approximately $1,841,388 was the trading volume of TAMA, it is clarified that the token had slumped by nearly 27.26%. In the end, the comparison of the market capitalization brings to the front that a 3.93% increase took place from $13,627,283 and $14,163,165 during the above-mentioned period.

Tamadoge (TAMA) Price Prediction: Price Analysis

In addition to the past price performance, the fundamental analysis and the technical analysis of a virtual currency like Tamadoge signifies if the digital asset is experiencing a bearish or bullish momentum. In this way, the investors get an idea about whether to sell, buy, or hodl (hold) their crypto assets. As per the fundamental analysis of TAMA’s price, it is currently trading at $0.01373. The present market capitalization of Tamadoge is nearly $27,460,496.

The cumulative token supply presently stands at the 1.42B mark while 2.00B is the maximum token supply of TAMA at present. The circulation supply of the token is nearly 1.03 billion. The all-time high price of the token is up to $0.192675 which was witnessed on the 4^th of October last year. On the other hand,  $0.010175 is its all-time low price that was seen on the 3^rd of April this year.

By using the technical analysis tools, it becomes clear that a decrease of -8.68% has been seen by the TAMA token during the recent 24 hours. The present market dominance of Tamadoge is up to 0.00%. The market sentiment analysis discloses that the overall sentiment around the token is bearish. Additionally, the fear and greed index shows “Greed” at 68. Another positive development seen by TAMA is that it has elevated liquidity in line with its market capitalization.

The TAMA token’s 50-day simple moving average is up to $0.012923 at this time. Along with this, the relative strength index (RSI) of the token is currently placed at 60.14. The respective momentum oscillator determines if a crypto token is overbought (if above 70) or oversold (if below 30). The present position of the RSI indicates that the digital asset market now stands at a neutral level.

The risk assessment of Tamadoge specifies that one of the 2 moving averages of the token is not showing positive signs. The token is at the moment trading below its 200-day SMA (Simple Moving Average). The close examination of the token’s price in the recent 30 days says that TAMA witnessed just 14 days of positive price development. In this way, the token has seen just 47% price growth in the past month. Another negative point is that Tamadoge is at present trading approximately -93 below the all-time high price. Presently, the token is showing a 4.98% increase in its 24hr price chart.

Tamadoge (TAMA) Price Prediction

The decentralized nature of the crypto industry is attracting more and more people to it with several benefits whether they deal with wallet security, user privacy, and control, as well as the rapid and convenient exchange. These things and the news about the other exclusive developments on social media and the crypto community have a positive impact on price forecasts and speculation. The price prediction helps comprehend the likely altcoin price movements and other trends within the decentralized finance and blockchain technology sector.

Crypto community sentiment plays a vital role in price predictions. In addition to this, exchange liquidity, chart patterns, price volatility factors, and market capitalization fluctuations are also things that can influence price forecasts. In the case of Tamadoge, the sentiment analysis indicators and the overall cryptocurrency news and events point out that the token can potentially witness a rise in its price during the next years.

Tamadoge (TAMA) Price Prediction 2023

The TAMA token is predicted to reach $0.017 at maximum in 2023. $0.015 will be its minimum price level while it will potentially trade around $0.015 on average during this year.

Tamadoge (TAMA) Price Prediction 2025

The maximum price of Tamadoge in the year 2025 is expected to be nearly $0.036. its minimum price will be nearly $0.031 and $0.032 will be the average price of the token by that year.

Tamadoge (TAMA) Price Prediction 2030

The price of Tamadoge is anticipated to have a considerable rise during the years between 2025 and 2030. As a result, it will potentially reach $0.23 as its maximum price by 2030. The minimum price of the token by that year will be approximately $0.19. Along with this, $0.19 will be its average price level.

Conclusion

Digital asset investment has a lot of technicalities. Investors need to be aware of several factors including risk assessment, investment analysis, market forecasting techniques, exchange liquidity, and coin price predictions. These things are quite assistive in choosing adequate trading strategies. Cryptocurrency news and events should also be kept in consideration.

Thus, the investors are advised to carry out thorough research regarding portfolio diversification strategies, fundamental analysis of coins, as well as cryptocurrency adoption rates. Before making any investment decisions, they should keep an eye on the global economic factors as well as the government regulations and their impact on the crypto in long run.

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