Meme currencies are making a comeback, according to recent patterns observed by cryptocurrency enthusiasts. Meme currencies such as SolDoge have significantly increased in the past 24-hour period.
The return of investors in the meme coin arena is significant, as this was one of the crypto sectors most affected by the downturn.
In the past seven days, the rate of SolDoge has increased by 69.97%. Within the last 24 hours alone, the price has risen by 24.82%.
However, the price has dropped by 0.94% in the last hour. Yet, the current price per SDOGE is 0.002668. SolDoge is now trading at 79.63% of its all-time high of 0.013095.
After the crypto downturn for the last few months, this sudden upsurge in the meme coin market has brought new hope for meme currencies like SolDoge.
In fact, over the last two months, the upsurge brought so much hope for the meme coin that it was anticipated to hit $50, but it is now singing a different tune.
SolDoge Price Prediction
SolDoge just fell as it lost the support of an ascending channel, undermining its bullish thesis. That is because the cryptocurrency market is in turmoil as Bitcoin lost support from a rising wedge formation.
SDOGE also lost a significant support level established at $39.5, primarily because of the broad crypto meltdown that drove this ‘Solana blockchain-based next-generation meme currency’ into a hostile posture.
At this moment, SolDoge should try to fuse at current prices and revisit the critical resistance level of $39.5.
If it fails further in this zone, SDOGE may suffer an additional fall. SDOGE’s next critical support level has been identified as $32.4.
According to experts, SDOGE is in oversold territory and is producing a green candle pattern.
High-risk traders may now go all-in and profit on the market’s anxiety and uncertainty by going long at present price levels. But that is all for SDOGE.
Furthermore, since the RSI for SDOGE supports the oversold thesis and is currently moving towards a crypto bear market or approaching a further fall, it has necessitated a search for better alternatives.
And that’s where Tamadoge – the newest doge on the block – comes in. Tamadoge promises to be the candidate for stardom in its presale itself and appears to be the sure bet in the meme currency arena.
There are other significant alternatives in the crypto realm that are considered superior to SolDoge, one of which is Tamadoge, a new meme coin on the block.
It’s groundbreaking not only because it’s a meme currency but also because it’s an immersive virtual reality and NFT that many fanatics and gamers may partake in.
However, the most unique feature of this meme coin is its utility.
Tamadoge (TAMA) is a new cryptocurrency venture that offers consumers and investors play-to-earn (P2E) opportunities and in-reward benefits.
Furthermore, Tamadoge is the native cryptocurrency of the celebrated doge-centric P2E game Tamaverse.
The name is a brilliant combination of Tamagotchi (a popular 1990s video game) and doge fever, but it is much more than that.
The play-to-earn system allows you to grow your own NFT Tamadoge Pet.
You can have as many Tamadoge pets as you like, dress them per your liking, feed them everything you want, and witness them get stronger and more potent over time.
From birth to adulthood, users are rewarded for spending time with and caring for their pets. Once they have acquired adulthood, your pets will be able to compete for the top spot on the leaderboard.
Additionally, they will have their 3D avatar with which you may engage in metaverse project areas.
Unlike many others in the market that are just others like SolDoge meme coin with a cute name and design, Tamadoge comes with a function.
The play-to-earn functionality of Tamadoge makes the meme coin an exceptionally unique and beneficial newbie in the meme coin market.
Tamadoge is a multi-utility token that offers purchasers a variety of use cases, as opposed to SolDoge, which has gained popularity owing to its environmentally friendly, liquidity and yield farming incentives and strong social media support.
Tamadoge has listings on decentralized and regulated exchanges and a 20% reserve.
Tamadoge is also a deflationary asset since 5% of all tokens purchased are burned, ensuring supply never exceeds demand and enhancing the coin’s long-term value.
Tamadoge is also tax-free, regardless of where it is purchased or marketed. Tamadoge will only make money if you spend your game tokens to purchase pet NFTs from the Tamadoge store.
CoinSniper, the crypto analytics platform, has approved this upcoming Metaverse crypto game, and Solid Proof has audited it. Tamadoge is now in the presale period.
Even if SDOGE manages to increase the price, by the looks of it, it will struggle to maintain it. Investors looking into taking on an opportunity in SDOGE’s downfall may go bullish over it.
But if you are a serious investor, it makes sense to hedge that bet with the meme currencies that currently offer the strongest risk-reward potential.
In other words, purchasing TAMA over SDOGE for a diversified, risk-controlled investment makes sense. But for the best investment, go bullish on TAMA.
The Tamadoge presale has only been up for three weeks and has already raised $3.5 million.
One billion TAMA tokens (50% of the total supply) are available for purchase in 100 million increments, with the price increasing with each phase.
TAMA tokens are appealing since they have no transaction tax, and 65% of monthly tokens are redistributed to participants as prizes.
But Tamadoge is only getting started, and given its current shape, it is expected to witness a parabolic price increase when it gets out of presale.
The meme coin is scheduled to be sold to the public in the fourth quarter of 2022.
Bitcoin presales, such as Tamadoge, are cost-effective for spending your surplus crypto, particularly during bear months.
While other cryptocurrencies are declining, presales like Tamadoge might position traders to benefit by 10x to 100x.
On top of that, Tamadoge is a new meme coin that includes an interactive metaverse as well as an NFT shop.
When Tamadoge is online in Tamaverse, players will be able to interact with virtual pets that also function as NFTs. They will be able to use its purchase, sell, teach, and trade features.
Investing in various assets is always a good idea, regardless of which meme currencies rise and fall prices. And irrespective of the future of SolDoge, Tamadoge will undoubtedly be the next big thing after it goes out of presale.
Tamadoge is your best bet if you want a meme currency with a solid old-fashioned business plan that focuses on attracting more users to increase income by stressing fun to generate engagement instead of a game you play for the sake of earning.
Investors are already acquiring Tamadoge due to its unique characteristics and low presale costs.
Visit the Tamadoge website for additional information.
To add the Tamadoge token to your wallet, use the contract information below.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
Website link: https://buy.tamadoge.io
Read More
Tamadoge – Play to Earn Meme Coin
- Earn TAMA in Battles With Doge Pets
- Capped Supply of 2 Bn, Token Burn
- NFT-Based Metaverse Game
- Presale Live Now – tamadoge.io
Source: https://insidebitcoins.com/news/what-is-soldoge-and-why-is-it-going-up-soldoge-price-prediction