As the crypto market generally experiences a plunge in prices over the past week, investors and crypto enthusiasts are applauding one meme coin, Tamadoge as it appears unfeathered by the already bearish market.
Launched last year in 2022, the $TAMA coin has unsuspectingly made it to CoinGecko’s top weekly crypto gainers list.
The meme-coin pump is assumed to be a result of its expected announcement for listing on a tier-1 exchange coming up sometime this weekend.
Play-to-Earn Meme Coin Taking the Industry by Storm
Following the creation of Dogecoin in December 2013, the meme coin sub-sector was born. However, this part of the crypto market only offered fun and a thriving social community with little real-world utility.
Even though Shiba Inu tried to correct this trend, the Dogecoin killer has been largely unsuccessful.
The narrative is quickly changing with the Tamadoge project as it offers both utility and value to its holders.
The Tamadoge is a deflationary meme coin with a 10 billion total token supply cap, unlike other meme projects with a limitless supply purse of coins.
The project is a play-to-earn (P2E) gaming platform built on the blockchain ecosystem. It basically rewards top performers who interface with its myriad of games with its native token, $TAMA.
However, this is not the only utility it brings to the table as the Tamadoge project also infuses a Metaverse function.
The Metaverse concept allows users to use their non-fungible tokens (NFTs) as digital avatars in the immersive virtual realm of the TamaVerse.
This way, they can collaborate, socialize, and form a strong community of gamers all from the comfort of their homes.
The Tamadoge project is special because this innovative approach to gaming hereby provides an opportunity for its users to be rewarded for their skills and then encourages a more immersive and engaging experience.
TAMA Breaking Industry-Wide Bearish Streak
At press time, the $TAMA token is trading at $0.03052 with a 14.63% bullish uptrend in the past 24 hours.
The play-to-earn token has seen its worst days over the course of the year with its last all time high (ATH) in October 2022 following its launch price surge in September of the same year.
The cute arcade canine-themed token is currently trading at a 24-hour volume of $7 million.
The 50-day Moving Average (MA) stands at 0.0139 which is well below the current market price indicating a strong bullish outlook for the meme token.
Same shows for the 200-day Moving Average standing at 0.019618 still attesting to the $TAMA token’s bullish wave.
Turning our attention to The Relative strength index (RSI) oscillator, we can see that the coin shows a 75.70 mark suggesting the token is in the overbought region signifying strong buying pressure from investors.
Its moving average convergence divergence shows the coin (MACD) sees the blue trendline surging far above as the orange follows indicating a clear buy signal.
Tamadoge’s Shining Fundamental Armor
Tamadoge ($TAMA) was named one of the top gainers by Coingecko last week following its announcement to be listed on a tier-1 exchange.
According to the development team, the $TAMA token listing on a tier-1 exchange platform serves several benefits.
First, the token would get more visibility, more people can have access to trade and see the coin.
Another benefit would include building trust and credibility as most tier-1 Bitcoin exchanges have strict rules users have to adhere to.
The other benefits would include better security, more price stability, and numerous opportunities for growth.
The meme project is already existing on 15 other exchanges such as OKX, which ranks 6th on the list of largest cryptocurrency exchanges worldwide.
The announcement came in a tweet as this listing could be anyone of Binance, Coinbase, Bybit, Kraken, or any other of the top 5 Cryptocurrency exchanges.
The Tamadoge project recently released five new games into the ecosystem including Tamadoge Run, Rocket Doge, To The Moon, Tama Blast, and Super Doge.
Not done there, Tamadoge has recently been named the top blockchain game by user ranking.
Given the project’s immense potential, how can new investors buy into the project before its tier-1 exchange listing?
Users can easily buy TAMA token on exchanges like OKX or visit the Tamadoge website to get started.
Buy TAMA on CEX
Buy TAMA on DEX
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
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