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As the market downturn persists, Dogecoin’s price has remained stagnant. However, the asset could see a price pump to $0.16 in the coming weeks, but TAMA is a more profitable alternative.
DOGE Profitability Trumps Other Large Coins
The week is starting rather bleak for most cryptocurrencies as the market continues to struggle. So far, the fallout from the FTX collapse has continued to affect coin prices, especially as more revelations of the company’s liquidity problem come to light.
Due to this, most coin prices have stalled, and large-cap names like DOGE have seen their prices affected. However, it should be noted that DOGE has still fared better than most other assets.
DOGE currently trades at $0.0761. While this is a 7.92% drop in the past 24 hours, the asset’s price in the past month is still up by 28.81%. Compare that to the monthly performances of Bitcoin (BTC) and Ether (ETH), which are down by 15.6% and 14% in the past month, respectively.
The increased profitability of DOGE is primarily due to Elon Musk’s takeover of Twitter. The billionaire DOGE enthusiast completed his takeover of the social media platform, and while his reign has been tumultuous, Musk looks poised to turn Twitter around. He hasn’t incorporated DOGE into Twitter in any way, but the asset’s fans are still hopeful.
As the market flips bullish, investors will watch how DOGE performs.
Another Meme Coin on The Rise
Investors seeking gains in the current market conditions should pay close attention to meme coins. These assets are known for their sporadic growth, which makes them ideal for market participants looking to make a profit.
TAMA is the native token for Tamadoge. It is a blockchain gaming platform that allows players to purchase non-fungible token (NFT) digital pets. These pets can be battled against each other, with battle winners earning TAMA tokens in return.
This year, TAMA had one of the most impressive presales in the market, raising over $19 million for its developers in just eight weeks. The digital asset has since gone on to list on several centralized exchanges, including LBank, MEXC, and Gate.io.
In the past week, Tamadoge’s developers have shared that they are progressing on the game’s launch and will soon be ready to debut it. While there is no official launch date yet, the developers initially planned to launch Tamadoge by the end of the year.
With TAMA already showing impressive price gains, the launch of the Tamadoge game should help the token to surge in price even more. Buy TAMA on Presale.
D2T – Another Presale on The Rise
Investors looking for gains amid the bear market should also consider D2T, a coin tied to a highly valuable platform.
D2T powers Dash 2 Trade, a platform that provides access to high-quality research and analytics for investors in the crypto market. With features such as a strategy builder and a trading application program interface (API), Dash 2 Trade allows investors to make better trading decisions, setting them up for better gains as they enter the market.
With D2T, the platform’s users can pay for its services. They can pay 400 D2T monthly for the Starter tier or 1,000 D2T monthly for the Premium tier.
The crypto asset is in the initial stages of its presale, with 700 million tokens earmarked for the entire sale by the time and over $6 million raised since launch.
Dash 2 Trade’s developers have also secured partnerships with BitMart and LBank to list the asset after the presale stage. Buy D2T on Presale.
Read More:
Dash 2 Trade – High Potential Presale
- Active Presale Live Now – dash2trade.com
- Native Token of Crypto Signals Ecosystem
- KYC Verified & Audited
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Source: https://insidebitcoins.com/news/heres-why-dogecoin-price-may-pump-to-0-16-but-tamadoge-is-a-more-profitable-alternative