In January 2021, a Reddit forum joked about boosting the price of DOGE to create a crypto equivalent of GME.
That notion gained popularity, and the price soared, thanks to Tesla CEO Elon Musk’s tweets. Dogecoin increased almost 2000% in five days, setting a new all-time high of $0.73.
On April 11 this year, the Dogefather, Elon Musk, stated that if he purchased Twitter, users would be able to buy its premium service, Twitter Blue, and pay in Dogecoin.
When Musk talks about cryptocurrency, the price usually rises. Dogecoin fell and is now down by 7% since April 11.
On the other hand, Shiba Inu (SHIB) went in the other direction, rising by 7%. Perhaps SHIB had the highest alpha on the meme coin index.
Today, due to a massive sellout, crypto markets have been in upheaval damaging many projects, including Dogecoin. And due to its volatility, investors are seeking opportunities in other meme coins over Elon Musk’s Dogecoin.
What are Memecoins?
Meme coins are essentially cryptocurrencies inspired by the Internet and social media jokes (i.e., memes). Dogecoin, the earliest and most prevalent cryptocurrency of this kind, was founded in 2013. DOGE was founded as a joke, but it is now a viable cryptocurrency.
Most of the time, these crypto choices are dismissed as a farce. Many investors, however, think they should not be treated this way.
Many of these meme tokens have done well in the cryptocurrency market, and some have already generated a lot of money from them.
One such meme coin is Tamadoge – the newest doge on the block that could explode instead of Elon Musk’s Dogecoin.
Tamadoge: The Play-To-Earn Dogecoin
Tamadoge is a fascinating cryptocurrency project that will be released later this year. The project’s name and central concept are reminiscent of the famous game Tamagotchi from the 1990s.
Tamadoge Token
Tamadoge intends to emerge onto the scene with enticing Tamadoge presale offers, which will let anyone purchase Tamadoge tokens in exchange for Ethereum or USDT via the Tamadoge website.
Tamadoge is utilized as payment for minting NFT pets and as a prize for game winners. Importantly, TAMA transactions are deflationary; 5% of any TAMA spent in the game’s marketplace is burnt.
As more people join the game and require TAMA to manufacture NFT pets, the quantity of TAMA diminishes over time, increasing the coin’s worth.
Tamadoge Pets
If you grew up in the 1990s, you might recall it as a little gadget that allowed you to care for your digital pet. TAMADOGE is a new blockchain project with certain characteristics of the classic game, but it’s situated in a colorful metaverse rather than an 8-bit screen.
Tamaverse
The Tamaverse, a virtual realm where digital pet owners can socialize, exchange in-game items, buy and sell NFTs, and train their dogs, is used for the project’s play-to-earn concept.
The Tamadoge token is the in-game money that can be used to enhance animals, perform in-game transactions, buy pet food, and much more.
Tamadoge Games
Players in the Tamadoge game pay TAMA coins to create an NFT pet. They then raise that pet to adulthood, customizing its abilities and gaming stats along the way.
When a virtual pet reaches adulthood, gamers can pit it against other NFT pets in battle. Winners climb the game’s leaderboard and are rewarded with TAMA.
Tamadoge Leaderboards
Everything will be monitored on the Tamadoge leaderboard, displaying the investors with the most points each month to the community.
If that was not enough for the investors, Tamadoge has an exciting roadmap that is luring most of Elon Musk’s Dogecoin investors.
The Tamadoge Roadmap
The promising roadmap of the altcoin’s website includes a new Tamadoge pocket app meant to help you care for your pet, like the iconic game we all loved as kids.
By Q4 2022, you will be able to get your hands on Tamadoge NFTs.
The beta version of the Tamadoge combat app will also be released around the same time, allowing your Tamadoge pet to compete against other Tamadoge pets.
Conclusion
Investing diversely is always recommended, whether Elon Musk’s Dogecoin lowers or not. And if that’s what you’re thinking, Tamadoge may be the next big thing.
Tamadoge is already being purchased by investors owing to its unique attributes and incredible presale prices.
For more details, visit the Tamadoge website below.
Tamadoge Contract
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
Website link: https://buy.tamadoge.io
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Source: https://insidebitcoins.com/news/5-reasons-elon-musks-dogecoin-investors-are-buying-tamadoge