Tamadoge P2E Game CEX Listing Might Propel Cryptocurrency Prices to 20x Gains

Cryptocurrency Bill: What will be India’s stand on Digital Assets?

An exciting new play-to-earn cryptocurrency, Tamadoge (TAMA), has rewarded investors with staggering returns during its presale period. With an expected exchange listing around the corner, Tamadoge’s solid tokenomics and use cases means a potential 20x price gain is in the cards.

What is Tamadoge?

Tamadoge (TAMA) is an Ethereum-based project which is one of the top trending cryptos to buy right now. The cryptocurrency is the native token of the Tamaverse – a play-to-earn (P2E) environment which allows players to monetize their gaming activities.

Players can monetize their time on the platform by using TAMA to buy Tamadoge pets – NFT avatars representing unique dog-like avatars. Each avatar offers special characteristics and is built using smart contracts.

See Also:  World Chess Day 2022: History, Significance And Quotes About The Game

TAMA is a popular deflationary asset with a total token supply of 2 billion. 5% of all TAMA will be burnt to ensure demand increases. In comparison, some of the best meme coins, like Dogecoin, offer over 100 billion tokens. These inflationary tokenomics attribute to the low token prices.

https://cryptobriefing.com/us-inflation-eases/

Tamadoge Raised $19 Million during the Crypto Presale

On September 18th, Tamadoge completed its presale target of $19 million. Launched at just $0.01 per token, TAMA concluded the presale at $0.03 – a 300% return on investment.

50% of the 2 billion tokens were available during the presale, which lasted over 8 weeks. According to the Tamadoge whitepaper, 20% of the tokens have been reserved for future listings on centralized (CEX) and decentralized exchanges (DEXs). Thus, investors are awaiting news of Tamadoge’s launch in the coming months.

See Also:  Global Stocks Rally, Markets Soar as China Concerns Ease and U.S. Federal Reserve Signals Stimulus

Could TAMA Increase By 20x Following CEX Listings?

After concluding the cryptocurrency presale, Tamadoge announced that the tokens would be listed on various popular global exchanges. For example, LBank, one of the top CEXs, will list TAMA in 2022. Similarly, Tamadoge will be listed on Uniswap – one of the biggest decentralized exchanges.

On September 20th, the official Tamadoge Twitter handle tweeted a major announcement about the CEX listing. The tweet specified that investors would learn more about the listings on the 23rd of September. Furthermore, a major Tier 1 CEX listing is set to be confirmed.

With an expected announcement date not too far away, many believe that TAMA could increase by 20x. Token listings attract high demand, potentially leading to upward price movements. In the case of TAMA, the token managed to triple during the presale despite the ongoing bear market.

See Also:  Ethereum Price Prediction - ETH Is Ready for the Fightback

A 20x price would put TAMA at $0.6 per token – with a market cap of only $380 million.

Source link

Avatar photo
About Nitish shaw 236 Articles
An aspiring novelist and a random blogger, Nitish is also a porky-mouthed banter specialist when it comes to football (soccer), films, TV Series, History and socio-economic issues. He travels, indulges in music and plays outdoor sports to get his creative juices flowing. “There’s the scarlet thread of murder running through the colorless skein of life, and our duty is to unravel it, and isolate it, and expose every inch of it.”- Quote this, and you will be his favorite person for at least as long as the two of you can hold up the conversation.