With a major correction in some of the top cryptocurrencies in the industry, the whole cryptocurrency market has suffered a huge blow. As the world saw a drop in not only the cryptocurrency industry but also the global markets as a whole in the past couple of months, retail investors have been in a state of fear and confusion.
While this may be the case for a major chunk of the investing citizenry, a huge number of major organizations and wise investors have been stocking up on these digital assets consistently at a huge discounted price.
Even in the bear market, a few projects have been introduced that have been showing massive potential. The aforementioned investing groups have been publicly participating in these new projects as well since they are almost assured to gain huge profits as the market conditions recover.
One group of investors that have created a major shift in prices of several projects historically are the ‘memecoin investors’. The top examples of the same are communities for the memecoins Dogecoin and Shiba Inu. These investors amount to millions of people from all around the world.
Recently, these two memecoin communities have been investing and actively participating in one of the latest top-grossing projects in the space- Tamadoge.
Your capital is at risk.
What is Tamadoge?
Tamadoge claims to be the newest entrant to the highly popular Doge ecosystem. The developers, whose identities are yet to be introduced claim that Tamadoge is a product that has the capability to surpass Dogecoin and Shiba Inu as it has learned from their limitations and mistakes.
Tamadoge is a platform where players can mint their desired doge NFTs and nurture them. These Tamadoges can be grown and after a point, can be used to battle against friends or random players.
Integrated with the metaverse, the project aims to create a space for players to socialize and have a fun gaming experience. There are also several other features that the team plans to actualize on launch, like the move-to-earn concept as mentioned in the roadmap.
With several other play-to-earn opportunities, the project is expected to capture a wide audience. It will also feature a leaderboard where the player with the most ‘Dogepoints’ will be eligible for rewards from the prize pool.
The project boasts of a No Transaction Tax Policy and is also capped in supply, which makes it a deflationary asset, unlike its memecoin counterparts.
Why the Support?
The memecoin community has always been vocal about their support for emerging memecoins with great potential. The project boasts several features that position itself as a top gainer in the future. The social media platforms have also been active with frequent interactions between the developers and its existing community.
As an addition to the Doge ecosystem, the project has successfully gained the status of a trusted memecoin that has clear utility. These factors have led to its increasing popularity and contributed to attracting investors from the Dogecoin and Shiba Inu communities.
Benefits of the Memecoin Community
The 2021 bull market had witnessed some of the highest rises in price in almost every major and smallcap cryptocurrency. However, the few that stood out the most were memecoins. Dogecoin saw exponential growth following the social media interference by tech billionaire Elon Musk.
The DOGE token had grown almost 12000% within the first 5 months of 2021 itself. This was the start of the memecoin concept and the creation of one of the biggest cryptocurrency communities in the world.
This growth was soon overshadowed by Shiba Inu, which too was introduced in the following months and was popularised due to some tweets by Elon. Shiba Inu investors soon went on to be the largest singular project community in the world. The token SHIB grew at an exponential rate and is estimated to be almost 46,000,000% higher than its initial price.
The memecoin trend went on for several months but lost engagement due to the flooding of several rug pulls and fake projects. However, Tamadoge has recreated a sense of trust and growth opportunity with its ambitious and realistic roadmap. The idea of investing in one more high-potential memecoin has received much appreciation.
Your capital is at risk.
With the support from not one, but two of the most influential investor communities, Tamadoge is expected to grow in price and number of investors. Currently in its presale phase, the TAMA token contract has been fully audited by SolidProof. The team has been fully verified by Coinsniper which will ensure the project is anti-rug and secure.
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Source: https://insidebitcoins.com/news/tamadoge-presale-gain-investors-from-the-doge-and-shib-club