5 Reasons to Be Bearish on Shiba Inu Price and Bullish on Tamadoge
The crypto markets have been seeing an increase in the number of the top metaverse games and the best new crypto to invest in 2022. While tokens like Shiba Inu have provided huge returns, we recommend Tamadoge as one of the best meme coins to buy.
This guide discusses how to buy Tamadoge now.
The Top 5 Reasons to Be Bearish on Shiba Inu Price and Bullish on Tamadoge
Users must be wondering, is the crypto market bearish or bullish? 2022 has witnessed a bearish market set-up after major cryptos lost more than half of their valuations. However, this may be a good time to invest in the best play to earn crypto games due to their lower prices.
Below, we compare one of the most popular meme coins with an upcoming play-to-earn (P2E) project in 2022 – Tamadoge.
Many investors have decided to sell Shiba Inu coin, due to a lack of use-cases and functionality being provided. Despite the ShibaSwap exchange that the token functions on, the majority of the popularity of this crypto asset came from social media backing. The token developers created Shiba Inu as a joke and a rival to Dogecoin, which is why the token experienced mainstream support in 2020.
On the other hand, Tamadoge is a P2E decentralized platform that lets users earn in-game rewards with TAMA – the native cryptocurrency and token of the Tamaverse.
Users can access NFT avatars on the Tamadoge platform, earn tokens from reward pools and even trade assets with TAMA. Therefore, the use-case of TAMA is directly linked to its metaverse platform, which links the token’s popularity to the platform’s success. Is Shiba Inu a buy or a sell? With upcoming projects like TAMA, users may potentially look to invest in web 3-based projects.
2. Token Supply
One of the reasons why Shiba Inu has such a low price is due to its maximum token supply of 1 quadrillion coins. Thus, there is much more supply than demand, which is why Shiba Inu may not compete with Bitcoin and Ethereum.
On the other hand, TAMA has a maximum token supply of 2 billion tokens. Furthermore, whenever items are purchased on the platform with TAMA, 5% of all tokens spent are burnt. This method will help in maintaining the token supply in the long run.
3. NFT Interoperability
Along with the opportunity to invest in TAMA, the Tamadoge ecosystem offers NFT (non-fungible tokens) interoperability within its platform. The game’s main feature is to create, purchase and trade Tamadoge pets – which are minted as NFTs using smart contracts.
Users buy their unique Tamadoge pet NFTs, each displaying its own characteristics. Players compete with other community members to earn points on the monthly leaderboard, with the top performers earning TAMA rewards.
4. No Tax on Transactions
Many crypto projects take a transaction tax whenever users use cryptos on the platform. However, this is done to provide long-term funding for projects which may not demonstrate utility and functionality through its cryptocurrencies.
The Tamadoge developers have not added any transaction tax since they believe the value should be generated from the ecosystem itself and not by taking a cut from investors. In order to allow users to earn more tokens when buying or selling, Tamadoge has committed to never taxing any transactions.
5. Upcoming Listings
When looking for how to buy meme coins, users look for token listings on popular decentralized and centralized exchanges. While TAMA has recently launched its beta presale, it already has future listings lined up.
For example, in the future, TAMA will be listed on the centralized exchange, LBank. Furthermore, the token is expected to be deployed on the popular decentralized exchange – UniSwap. One of the popular new NFT projects, Tamadoge’s deployment, can attract higher trading volumes and potential price increases in the future.
Many ask ‘Should I sell Shiba Inu’? After looking at why TAMA may be a bullish investment, users may be looking to sell their Shiba Inu holdings. Check out our Shiba Inu price prediction guides to learn more about when to sell Shiba Inu.
A Closer Look at Tamadoge
Tamadoge (TAMA) is the native cryptocurrency and utility token of the Tamaverse – a play-to-earn (P2E) decentralized platform that supports NFT interoperability and crypto-earning opportunities.
Users can buy Tamadoge as an investment, trade Tamadoge NFTs and access multiple virtual items on the Tama store. The Tamadoge pet NFTs allow users to compete in monthly leaderboards to earn more cryptocurrencies.
Whenever TAMA is used to purchase items in the Tama store, 5% of the tokens are burnt, while 30% are used for marketing purposes. The remaining 65% is distributed as rewards on various P2E prize pools. Currently, TAMA launched its beta presale on the 25th of July. 50% of the tokens are available to purchase in this round, while 20% of the total supply has been reserved for future listings.
Furthermore, the remaining 30% will be released over a 10-year period via minting operations. As mentioned in the project’s whitepaper, the Tamadoge team will also be creating an augmented reality (AR) app, allowing players to interact with their Tamadoge pet in the real world.
Finally, Tamadoge’s team has been KYC-verified on CoinSniper, and the smart contract code has been thoroughly audited by SolidProof.io – helping boost the project’s credibility. Users interested in learning more about the project can subscribe to the official Telegram group and stay updated.
|Min Investment||1,000 TAMA (∼$10 + gas fee)|
|Purchase Methods||ETH, USDT, Debit / Credit Card (via Transak)|
|Beta Sale Ends||2nd September 2022|
|Presale Ends||Q4 2022|
How to Buy Tamadoge (TAMA)
Users can now decide whether to invest in the TAMA cryptocurrency. The sections below provide a step-by-step analysis on how to buy Tamadoge right now.
Step 1: Set up a Crypto Wallet
When looking for where to buy Tamadoge, users will need to download a crypto wallet.
MetaMask is one of the best crypto wallets to let users connect with the Tamadoge beta presale.
Users can head over to MetaMask and click on ‘Download’.
Step 2: Buy ETH or USDT
Users must buy Tamadoge with ETH or USDT. Investors can head over to a cryptocurrency exchange of their choice, buy Ethereum or USDT and transfer the tokens back to their Metamask wallets.
Step 3: Link MetaMask to Tamadoge Presale Platform
The next step is to go on the Tamadoge website and click on ‘buy’. Users can then click ‘Connect Wallet’ and choose their wallet provider to connect with the presale platform.
Follow the instructions to officially link the wallet.
Step 4: Buy TAMA Tokens
The final step is to buy TAMA. Simply enter the amount of TAMA you would like to purchase and select ‘Convert ETH’ or ‘Convert USDT’. Users need to purchase a minimum of 1,000 TAMA.
Finally, users can claim their TAMA tokens once the presale ends. Once the presale period is over, click on ‘claim’ on the Tamadoge website’s homepage.
It’s also possible to buy TAMA using a debit / credit card, via the popular fiat on-ramp Transak. That option will be available after connecting a MetaMask wallet.
This guide has shown users how to buy TAMA – one of the upcoming best metaverse games and P2E projects. Tamadoge lets users mint NFTs and earn cryptocurrency rewards with its metaverse platform – Tamaverse.