Groundbreaking memecoin project Tamadoge has been making waves this week, as the token’s price surged over 200% following several significant listings.
Crypto-hungry investors can now buy TAMA through leading centralized exchanges (CEXs) like OKX and BitMart, with the token also available on decentralized exchange (DEX) Uniswap.
All eyes will be on Tamadoge’s price in the coming weeks as this momentum shows no signs of slowing, generating much-needed returns for investors during the ongoing crypto winter.
Major exchange listings prompt huge price momentum
OKX was the first major CEX to list Tamadoge last week, allowing traders to benefit from the tremendous hype surrounding the project. According to CoinMarketCap, OKX has over 1.4 million weekly visitors and regularly handles more than $1.3 billion in daily trading volume, ensuring TAMA has a massive audience of potential investors. TAMA is also available on the OKX DEX.
The popularity of the OKX exchange has certainly helped Tamadoge grow, as the token’s price is up over 200% since it was listed last week, leading many to consider TAMA as one of the best cryptocurrencies to buy. Notably, presale investors have experienced gains of more than 700%, given the discounted price point that they could buy TAMA at.
Tamadoge’s OKX listing was swiftly followed by a listing on BitMart, another widely used CEX. The awareness raised by these listings, combined with the increased accessibility, has helped boost demand even further, leading to the triple-digit returns that investors are experiencing.
Although these returns are impressive, it seems like Tamadoge is just getting started. As noted on the Tamadoge Telegram group, the development team has also filed an application to be listed on Binance, the world’s largest cryptocurrency exchange.
Tamadoge’s team has also lined up listings on LBank and MEXC this week, with the token going live on Oct. 5. Not only do these listings boost accessibility even further, but they also help increase the token’s standing within the market, providing hope that a Binance listing could be a real possibility.
Why are investors buzzing about TAMA?
According to CoinGecko, the price of Tamadoge is hovering around the $0.0726 region at the time of writing, giving the token a market capitalization of over $75 million — highly impressive for such a new listing. But why is TAMA attracting so much attention?
For those unaware, Tamadoge’s presale phase sold out in mid-September, raising a remarkable $19 million in Tether (USDT$1.00) for the project. The presale was originally expected to end in Q4 2022, yet record-breaking demand from investors meant that the token allocation was gobbled up ahead of time.
Much of this demand is driven by Tamadoge’s revolutionary platform, which includes play-to-earn (P2E) mechanics integrated into an ecosystem with a memecoin aesthetic. Tamadoge looks to combine the appeal of these memecoins with valuable utility, a feat that hasn’t been accomplished in the market thus far.
Although the Tamadoge project is still in development, the development team has already noted some impressive plans for the future, including Tamadoge-themed arcade games and even an augmented-reality mobile app.
Tamadoge’s team has even announced its intention to integrate with various industry-leading metaverse projects, providing an immersive way for market participants to get involved with TAMA.
Tamadoge NFTs — A catalyst for further price momentum?
Another reason investors have been clamoring to acquire TAMA tokens is the upcoming release of Tamadoge nonfungible tokens (NFTs). These NFTs are vital for those looking to participate in Tamadoge’s ecosystem, as they will inform the stats and attributes of each user’s Tamadoge Pet.
Tamadoge Pets form the foundation of Tamadoge’s P2E mechanics, enabling players to battle against others to earn “Dogepoints” and climb the monthly leaderboard. Naturally, those users who own Tamadoge Pets with better attributes will have a higher chance of winning battles and obtaining Dogepoints.
This is where Tamadoge NFTs come in, as a total of 21,100 will be available to investors. The collection will be split into three distinct classifications: Ultra-Rare, Rare and Common, which inform their strength level.
Although the Common and Rare NFTs do not have a specific release date, early investors can get their hands on Tamadoge’s Ultra-Rare NFTs from Oct. 6. Only 100 of these NFTs will be minted, ensuring an air of exclusivity around this exciting drop.
The release of these NFTs, combined with the upcoming launch of Tamadoge’s player-versus-player battle mechanic, has helped the project surge into the limelight during a challenging period in the crypto market. Thanks to this, all eyes will be on TAMA in the coming weeks as demand for the token continues to ramp up.
- Website: https://tamadoge.io/
- Twitter: https://twitter.com/Tamadogecoin
- Telegram: https://t.me/TamadogeOfficial
- Discord: https://discord.com/invite/Z2PqFvsXJa
- Instagram: https://www.instagram.com/tamadogecoin/
