In October, the best crypto speculator traders to buy now can list new coins that will be launched on tier one exchanges.
New Cryptocurrency to Watch
OKX exchange – known as OKEx before the beginning of 2022 – will list Tamadoge (TAMA) on September 27 at 11:00 UTC.
OKX will also support TAMA swaps on cross chain DEX aggregator from 17:00 UTC – OKX is both a centralized and decentralized exchange, open to world traders.
The Bullish Case for Tamadoge
Tamadoge will be listed at a price of $0.03 with a circulating supply of 1 billion – allocated for the presale which is currently sold out – and a total maximum supply of 2 billion coins.
Tamadoge is a play-to-ear (P2E) reward token and the native currency of a new crypto game application, with additional features to earn (M2E). In addition to other arcade-style games, part of the road map allows players to run NFT dogs in the augmented reality metaverse, the ‘Tamaverse’.
Our expert traders have compared it with another popular cryptocurrency that exploded earlier this year, STEPN (GMT) – the original token of the M2E application for walkers and joggers.
Our analysts report this month on the Tamadoge presale raise more than STEPN ICO – which raised $9.2 million – in four weeks. During the eight week token presale, Tamadoge raised $19 million.
After the initial coin offering, GMT went on to achieve a direct market cap of $2.5 billion at its peak – a bull run from early March (Binance listing) to late April.
In order for TAMA to become the next cryptocurrency to explode to that value after the ICO, it needs to increase its immediate market cap – which will be $30 million at launch – by 83.3x.
Our analysts note about ‘is the next Tamadoge GMT‘ A piece of analysis that is not like STEPN, TAMA is deflation.
The 5% token burn applies to all transactions of the Tamadoge shop, an in-game marketplace where players buy items, food and accessories to train and upgrade their Tamadoge pets (represented by dynamic NFTs), all of which have unique powers, attributes and rarities. .
In the past few weeks, Terra Classic has shown that crypto investors support assets with some degree of deflation – 1.2% LUNC burning news caused Terra Classic to rally more than 1,400% from its 2022 low.
GMT’s retracement from $4.18 in April is all due to GST – the other native token of the STEPN ecosystem, the Green Satoshi Token – is inflationary.
Meme Coin Appeal
As well as being an app to earn free crypto like STEPN, the Tamadoge app is also gaining mass appeal meme tokensthe tagline for TAMA is ‘play to earn Dogecoin‘.
Shiba Inu has risen more than 50 million percent in its price history, mostly due to retail investor FOMO.
While some criticize meme cryptocurrencies for their lack of utility, they are undeniably the most popular crypto asset alongside Bitcoin itself. DOGE and SHIB are still in the top 20 cryptos even after the 90% correction, DOGE at #10 and SHIB at #14.
STEPN is also now down more than 85% from its top and now has a direct market cap of $370 million – which would only be 12x earnings for TAMA, with the same use case and utility.
Having deflationary tokenomics, and crypto meme aesthetics, is a strong contender to be one of the top cryptocurrencies after its launch on OKX this Tuesday, until the next crypto bull run that crypto experts predict will happen around 2024 Bitcoin halving.
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