The crypto market’s downturn has hit it hard, with even major assets finding it difficult to break past their resistance levels. Bitcoin continues to hold under the psychologically important $20,000 mark, while smaller assets find themselves in an even more painful limbo.
Memecoins, which tend to operate with their own rules, have also experienced a difficult 2022, with the likes of Dogecoin and Shiba Inu seeing their prices and activity plummet over the course of the year.
However, not all meme coins are dead – the recently launched Tamadoge is proving investors wrong with its performance and, most importantly, the hype surrounding its to-be-launched features.
TAMA Proves that Memecoins Still Have Life in Them
The Tamadoge token has been in the news for several reasons in the past few weeks, most notably for its Initial Exchange Offering (IEO) and listing on the OKX exchange. This was preceded by a $19 million presale, which is impressive given the lull in meme coin performance this year.
The TAMA/USDT token pair went live on Sept. 27 on OKX and has already hit a fully diluted market cap of $144.9 million. 24-hour trading volume has been at $23 million, though it has been considerably higher in the days prior, as investors clamor to get their hands on the token.
— TAMADOGE (@Tamadogecoin) September 30, 2022
These figures are impressive considering that meme coins are largely bereft of unique features that make them projects without much utility. Tamadoge is different, with the team having designed several use cases and features that make it a meme coin with the actual application.
Chief among those features is the Tamaverse, a metaverse where users can interact in a wide variety of ways. The Play-to-Earn features of the project stand to give users many ways to earn income, including battling their Tamadoges with others. Those who win these battles earn TAMA tokens, which can then be used in the in-game marketplace to buy food and toys for their pets.
The utility features are primarily what is helping TAMA to trend on popular platforms such as DexTools;
Let’s Keep This Momentum Up?
— TAMADOGE (@Tamadogecoin) October 2, 2022
Analysts and investors are keeping a close eye on the project, especially as the token has been listed on OKX. Tamadoge has benefited tremendously in terms of exposure and awareness as a result of the listing, and there is hope that it will be a meme coin that stands alongside Dogecoin and Shiba Inu. Certainly, the performance in recent days has proven that it is a remarkable dark horse.
But investors and those eager to enter the Tamaverser have even more to look forward to, as the token is also on Binance, one of the most popular exchanges on the crypto market. This will provide a strong boost to the presence of TAMA in the long run.
Tamadoge to Launch an NFT Collection This Week
The project also plans to launch a Tamadoge NFT collection in the week to come, which investors are eagerly waiting for. These NFTs give them an additional way to gain value. There will be a total of 21,100 NFTs, divided into rarities of ultra-rate, rare and common.
Each of those Tamadoge NFTs will have unique traits and abilities, which will play a big part in the battle experience of the Tamaverse. Some of the traits include agility, speed, and awareness. The game will have a leaderboard where players can compete for claiming their TAMA tokens.
The NFT collection and the Play-to-Earn collection will be followed by the launch of the pet store in the last quarter of the year. Furthermore, the project will its Tamadoge arcade releasing soon, which is an additional for those whole enjoy the retro arcade experience.
Tamadoge is Redefining the Memecoin Experience
The slew of features and constant updates is what is setting Tamadoge apart from its meme coin peers. The combination of an NFT collection, a metaverse, multiple Play-to-Earn features, and unique experiences like the Tamadoge arcade is setting a new standard for meme coins in the market.
Tamadoge is eager to show investors that meme coins can be projects with several utilities – and not just a token that holders use for the joke of it. TAMA has the latter quality but supports it with so much more.