Recently, Shiba Inu had a strong price move that resulted from major buying activities in a short period. That strong buying activity resulted in the printing of a big candle that you could visualize in the 4-hour chart. However, Shiba Inu could not keep this up for so long to surpass the barrier at 0.00001333, and the price fell below $0.00001295. Currently, SHIB trades at $0.0000126 with no clear sign of the price going up anytime soon.
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The next resistance level on the chart, which is situated nearly 17% above the current price level at $0.0000148, will likely be reached by SHIB if bulls are successful in breaking through the 4-hour MA 200 and the current $0.00001344 resistance. While this level may once more be a difficult barrier, if the bulls manage to get past it, the rally may pick up steam and move toward $0.000018.
The past seven days saw the burning of 1.1 billion SHIB
Over 1,114,272,184 SHIB tokens have been burnt in the previous seven days in more than 198 transactions, according to the Shibburn Twitter account. As shown by U.Today, 1.2 billion SHIB were burnt in the preceding week.
How has Tamadoge been doing comparatively?
Tamadoge is the new meme coin that is gaining popularity in the crypto market currently. Some even dare to call it the king of meme coins. In this article, you’ll learn why this is so and why you should jump in early on this mouth-watering project.
Tamadoge – 2022 Best Meme Play to Earn Platform
Tamadoge is a meme coin that has undergone a rapid increase in popularity over the past few months. It is tagged as one of the best Cryptocurrencies to buy in 2022, and it has good reasons for that. It is a meme coin having utility.
After launch, a beta sale began on the 25th of July 2022, and this beta sale generated over $2 million before it ended with 200 million tokens sold.
However, the presale is still ongoing, and the presale has generated over $10 million so far. The subsequent tranches of TAMA will sell at a price up to $0.03 for the 100 million tokens available for sale.
Let’s look at some exciting features of Tamadoge that make this project worth investing in:
1. Play-to-Earn Mechanism
The Play-to-Earn mechanism is one of the most exciting developments in the crypto world. With Play-to-Earn features, crypto enthusiasts can get rewards from playing games in the Tamadoge ecosystem
They get rewards for their skill and engagement, which is not possible with legacy gaming. The games that will feature in the Tamadoge ecosystem will vary in cost and difficulty and will be available for purchase from the Tamadoge store as of the third quarter of 2023.
2. Non-fungible Tokens – NFTs
The Tamadoge ecosystem also incorporates NFT features. The pets are the virtual NFTs, each unique with peculiar features.
All the pets have unique features that the developers assign randomly. Virtual pets can be bought, sold, or exchanged on NFT marketplaces.
3. $3,000 Giveaway
After ending the 100k dollars giveaway, the developers of the Tamadoge ecosystem have commenced a $3,000 giveaway to investors over the age of 18 who sign up for the giveaway at gleam.io $3,000 giveaway. The giveaway will be given to eligible investors as TAMA tokens.
The entry period for the $3,000 giveaway started on the 25th of August, 2022, and will end at 18:59:59 BST on the 7th of September, 2022.
How To Buy Tamadoge
Step 1 – Create a Crypto Wallet
If you don’t already have one, you first need to create a crypto wallet to buy Tamadoge.
Most wallets are simple to create and are completely free. With that said, we recommend you go with MetaMask since it includes multi-chain support.
Go to MetaMask’s official website, press “Download,” and follow the instructions to set it up.
Step 2 – Buy ETH/USDT
You can buy TAMA coins only through Ethereum (ETH) or Tether (USDT). Both of these cryptos can be acquired through the major crypto exchange platform.
However, you also have the option to purchase ETH directly via credit/debit card on Tamadoge’s official presale platform.
After you buy ETH/USDT, transfer the tokens into your crypto wallet.
Step 3 – Connect the Crypto Wallet with Tamadoge’s Presale Platform
Go to the official Tamadoge website and press ‘Buy.’
Next, click on ‘Connect Wallet’ and pick your wallet provider. You’ll see many instructions pop up; follow them to finish the connection process.
Step 4 – Purchase Tamadoge
Type in the exact amount of TAMA coins that you want to buy (the minimum is 10,000) and press ‘Convert ETH’ or ‘Convert USDT.’
Double-check the information you entered and confirm the transaction if everything is correct.
Step 5 – Claim the Tokens
Lastly, all that’s left for you to do is claim the Tamadoge tokens.
But, you should know that the ‘Claim’ option will be available only once the presale ends.
Tamadoge Contract
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
Shiba Inu (SHIB) VS Tamadoge (TAMA): Head-to-Head
- Shiba Inu has limited use cases, whereas Tamadoge has a number of applications, such as a Play-to-Earn mechanism that allows users to earn from in-game activities.
- Shiba Inu has a one quadrillion maximum token supply which has made the price fall because supply exceeds demand significantly. On the other hand, Tamadoge has two billion maximum tokens.
- Shiba Inu lacks NFT features and interoperability, whereas Tamadoge does, which makes it attractive for investors.
Conclusion
The volatility of the crypto market comes with its attendant complications, and you can see that with the Shiba Inu coin. However, one coin defying all the odds in the price fall of the crypto market currently is Tamadoge. With the presale still ongoing, now is the perfect time to jump into this already moving bus for the best profits.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Source: https://coinpedia.org/press-release/shiba-inu-shib-on-the-verge-of-major-price-move-tamadoge-is-still-king/