Tamadoge (TAMA) price has been in a downward spiral since hitting its all-time high in October 2022. TAMA price surged to $0.19, which translated into exponential returns for the early dogcoin investors. However, the late entrants are sitting at massive unrealized losses as the coin lacks new buyers.
On Monday, crypto markets showed a very positive sentiment as BTC price surged above $28,000 after briefly dropping below $26,000 last week. TAMA doge price kept trading sideways without showing any significant gain or loss.
What is TAMA DOGE?
As the name suggests, TAMA is another dog on the block. Due to the popularity of dogcoins in 2021, Tamaverse was launched in October 2022. In this play-to-earn game, users are able to breed their NFT pets, train them, and let them battle against others.
Due to the rise of new meme coins in 2023, Tamadoge price has failed to perform well. Many older memecoins like DOGE, SHIB, Kishu Inu etc. have also failed to gain any market share from the ongoing meme coin season.
Will Tamadoge Price Recover?
It is very difficult to predict the price action of a meme coin like Tama Doge. TAMA price surged in May 2023 as the meme coin season reached its week. However, the price couldn’t go near its last year’s all-time high. This appeared to be a relief bounce after a prolonged slump.
Tamadoge price prediction remains bearish in the high-term timeframe as its market structure is still bearish. However, there has been an increased volume on its Uniswap V3 chart, which shows that the coin is being accumulated. I won’t be surprised if the coin suddenly pumps within the next few weeks.
If you actively trade 1000x memecoins and want my up-to-date analysis of these assets, you are also welcome to join my free Telegram channel.