Tamadoge has become one of the most hyped meme coins in the past few weeks as it seeks to dethrone Shiba Inu and Dogecoin. The developers have managed to raise millions of dollars from investors, meaning that it is one of the most anticipated coins. Since making a Tamadoge price prediction is impossible, we will assess what it is and whether it will be a good buy.
What is Tamadoge?
The meme coin industry has gone through a rough patch in the past few months as cryptocurrency prices have crumbled. Leading coins like Dogecoin, Dogelon Mars, and Shiba Inu have all seen their prices crash by over 50% from their peak.
Tamadoge is an upcoming meme coin that seeks to become a leading contender in the industry. It will be the cryptocurrency at the centre of the so-called Tamaverse, which is a metaverse the developers will create. Additionally, it will help users create, breed, care for, and battle their Tamadoge pets. It is at the intersection of gaming and non-fungible tokens. Its ecosystem includes the Tamaverse, Tamadoge pets, Tamadoge Games, and Tamadoge Leaderboards.
According to its whitepaper, Tamadoge is a deflationary cryptocurrency. Users can battle to climb the leaderboard and earn Dogepoints. The total supply of Tamadoge will be 2 billion. One billion of these tokens will be available when the cryptocurrency is launched, with 400 million of them being unminted. Six hundred million of them will be available to be minted over ten years. And unlike other memecoins, Tamadoge will not have a transaction tax.
Tamadoge price prediction
It is not possible to carry out a comprehensive Tamadoge price prediction since the coin has not been launched yet. Still, based on the recent surging interest in the coin, it is likely to go parabolic when it is launched. For example, the developers raised $8 million within a few hours, meaning that there is demand for the coin.
However, in the long-term, there is a likelihood that the TAMA price will trade in sync with other meme coins like Dogecoin and Shiba Inu.