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Tamadoge (TAMA) will be listed on crypto exchange OKX on September 27 at 1:00 p.m. and aims to combine investor appeal of crypto memes like SHIB and DOGE with play-to-earn gameplay, incorporating the metaverse and move-to-earn mechanisms. Is Tamadoge the best crypto to list this week?
The new TAMA crypto is the official token of the game and the reward of the Tamadoge fighting application. This will be used to mint virtual pets symbolized by NFTs and won by players in its ecosystem. This week, Capital.com reviewed the Tamadoge project – another indicator that its initial exchange offering (IEO) could be a success.
Announcement of the listing of a new crypto on OKX – Tamadoge (TAMA)
The next GMT
Tamadoge raised 19 million USDT in its crypto presale in less than two months, from July 25 to September 18, attracting a high level of investor interest despite the downward trend in crypto prices – Bitcoin and Ethereum are still trading below the highs of $20,000 and $1,500 this week.
This strong demand was larger than most crypto presales, private sales or initial coin offerings (ICOs) of 2021 or 2022 – for example, the STEPN (GMT) token sale garnered only 9, $2 million, which included investments from crypto VCs such as Binance Labs, Alameda Research, Sequoia Capital, and other big names.
CNBC, a famous news media reported the news when the presale reached 15 million USDT. This news helped push the TAMA pre-sale to complete a month ahead of schedule on its roadmap. Yahoo Finance, another news site, also promoted the TAMA from its pre-sale beta.
Across all the cryptocurrency news media, Tamadoge has made headlines on BeInCrypto, Bitcoinist, NewsBTC, The Cryptonomist, ZyCrypto and many more. TAMA successfully combines the most popular features of the crypto community. Like for example its play-to-earn system, its crypto meme nature, its future metaverse and finally its move-to-earn system.
At its peak, GMT reached a market capitalization of $2.5 billion, reaching $4.18, with a circulating supply of 600 million coins (10% of its total supply, 6 billion). Its ICO price was $0.64, and its rise took place while the bitcoin price was falling, between early March and late April 2022.
Tamadoge will be listed with one billion tokens in circulation (50% of its total supply of 2 billion), at a listing price of $0.03 – an initial market capitalization of $30 million. Reaching the same market cap as STEPN eight weeks after launch would mean a price of $2.50 per TAMA, an 83.3x gain.
Today, since its correction, GMT has a market cap of just over $380 million – which TAMA would hit at $0.38 per token, a 12.6x gain since listing.
Unlike GMT, TAMA is deflationary, with built-in token burn on Tamadoge store transactions. For example when players upgrade their Tamadoge NFT pets with accessories, or buy dog food. The fact that a higher percentage of its token stock is unlocked during its IEO could also help support the price.
Tamadoge also doesn’t have an expensive entry barrier like STEPN – in its Move-to-Earn crypto game, players had to buy “NFT sneakers”. The explosive bull cycle in GMT took place during a period when the NFT sneakers had a floor price of around 12 Solana (SOL).
The next Shiba Inu
Shiba Inu first fell after listing on Binance (May 2021, and listing on Coinbase in January) and hit a low of 0.00000510 USDT four months later in September.
It then exploded 17.3 times to hit 0.00008854, mostly due to hype and FOMO – since then it has retreated most of its bull run, now trading slightly above 0.00001 . At the time of writing, the price of the Shiba Inu is rising, but its market structure is still bearish, with lower highs and lows.
Even after its roughly 90% correction from its ATH, Shiba Inu has a market capitalization of $6.4 billion today and a fully diluted valuation (FDV) of nearly $7 billion. All of this with little use or incentive to hold SHIB.
Tamadoge could potentially be the next cryptocurrency to explode thanks to its airs of Doge and a more concrete use case, being the native currency of a “play to earn” crypto game. Something Shiba Inu is starting to explore with the recently launched its Shiba Eternity P2E game.
The Next Dogecoin
The price of Dogecoin is up 10% today. At the time of writing, its $0.06-0.07 price range represents a nearly 92% retracement from its all-time high of $0.74 reached in May 2021, just ahead of the Elon Musk’s appearance on Saturday Night Live.
Since its launch, the total supply of Dogecoin has increased from 100 billion to nearly 133 billion. DOGE is an inflationary crypto with infinite supply (no maximum supply). This aspect of its tokenomics will have contributed to its correction over the past 17 months.
Terra Classic (LUC), which has been in the crypto news headlines for the past few weeks for becoming a deflationary asset, will have made many investors realize that deflationary cryptocurrencies are a better investment.
Tamadoge could potentially perform well both in the short term after its first listing but also in the long term, due to its deflationary tokenomics.
Crypto investors are also increasingly looking for new altcoin projects with “doxxed” teams. The developers and founders of Tamadoge are now known to the public. Generally if a crypto project team decides to remain anonymous, it is often a red flag and a sign of a potential scam or rugg pull.
In addition to this transparency, Tamadoge has achieved a Solid Proof audita KYC verification from CoinSniper and has partnered with the fiat currency payment system, Transak.
Pre-registration on OKx
Tamadoge doing its IEO on OKX is another potential bullish catalyst for TAMA to be the best new cryptocurrency to invest in.
OKX has an exchange score of 6.1 on CoinMarketCap and a green rating, a rating CMC only assigns to just 21 crypto exchanges.
This exchange platform score is based on a variety of metrics including how trustworthy and secure an exchange is, its daily trading volume ($1.6 billion in the last 24 hours for OKX) and the number of cryptos listed.
Other big crypto platforms such as Bitmex, Delta exchange, Phemex, Bittrex, Poloniex or Bitmart all have a lower score and an orange rating on CoinMarketCap.
The above video, posted on Tamadoge’s YouTube channel, explains how to buy Tamadoge when it goes public. OKX also has a separate DEX for those who cannot use its CEX.
Tamadoge will also make its initial decentralized exchange (IDO) offering on OKX on the same day, six hours after its CEX listing (1:00 p.m.), at 10:00 a.m.
Along with Tamadoge, which could be the best new crypto listing of the month, new OKX registrants have a chance to win a mystery box worth $10,000.
