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Is This Dogekiller a Better Investment than Dogecoin and Shiba Inu?

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VOC, Voice of Crypto, TAMA

Tamadoge (TAMA), the new DogeCoin Killer. One of the most popular sectors in the cryptocurrency sector over the last two years. Meme coins are cryptocurrencies designed to mimic the properties of the first ever meme coin, DOGE (created in 2013)

Fans of Dogecoin and Shiba Inu may find themselves interested in this new meme coin that has taken the market by storm and is now being mentioned in the same conversations as the two most popular memecoins in the world.

What Is TAMA

Tamadoge surged 200% less than a week after listing and has been making waves ever since.

Tamadoge is available on several centralized exchanges like OKX and Bitmart and decentralized exchanges like Uniswap. This makes jumping in easier for investors interested in memecoins and their potential to multiply in price over short periods.

Tokenomics on Tamadoge (TAMA) from CoinGecko 

Tokenomics on Tamadoge (TAMA) from CoinGecko | Source: CoinGecko

The bullish momentum on Tamadoge doesn’t appear to be slowing down. The meme coin is currently down 3.2% over the last day and is worth $0.1532 at the time of writing.

So far, it has moved down in a 17% correction after hitting an all-time high of $0.19 this week.

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Although the recent price movement of TAMA has been impressive so far, the meme coin appears only just to be starting. According to the Tamadoge telegram group, the team has applied for the token listed on Binance.

Many consider TAMA one of the best cryptocurrencies to buy, especially during the current bear market that has left many other cryptocurrencies in the red.

Tamadoge v/s Other Meme Coins

The Marketcap of Tamadoge is currently about $157 million. This is on the low side, and Tamadoge’s ranking on CoinMarketCap is 2651. However, this is understandable because the meme coin is less than a month old.

Dogecoin and Shiba Inu, the biggest competitors in the memecoin space, have market cap rankings of 10th and 14th, respectively, with market cap valuations in billions of dollars.

Like Tamadoge, hundreds of new meme coins have been created in the last two years. All of which have been termed Dogecoin or Shiba Inu killers. However, most have volatile prices, and many have gone extinct after the hype around them died down.

The future of Tamadoge appears bright, and this new meme coin may just have a shot at coming close to the top two.

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It is also worth mentioning Dogecoin and Shiba Inu started like this before climbing through the ranks to be one of the top 20 cryptocurrencies in the world by market cap.

 

Disclaimer: The author’s comments and recommendations are solely for educational and informative purposes. They do not represent any financial or investment advice. Always DYOR  (do your own research)

 

 

 

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Jim Haastrup is a freelance blockchain and metaverse writer. He helps founders, investors, startups, crypto, and blockchain enthusiasts connect with their audience and win investment through the written word.

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