Disclaimer: The Trade Discuss part options insights by crypto trade gamers and isn’t part of the editorial content material of Cryptonews.com.
Tamadoge (TAMA) will listing on OKX change Sept 27 at 11:00 UTC and goals to mix the attraction to traders of meme cash like SHIB and DOGE with a P2E sport, incorporating metaverse and transfer to earn mechanics. Is the most effective new coin itemizing to observe this week?
New crypto TAMA is the in-game foreign money and rewards token of the Tamadoge battle app, used to mint digital pets tokenized as NFTs and earnt by gamers in its ecosystem. This week Capital.com reviewed the Tamadoge mission – one other indicator its preliminary change providing (IEO) might carry out properly.
OKX New Coin Itemizing Announcement – Tamadoge
Subsequent GMT
Tamadoge raised 19 million USDT in its token presale in beneath two months, from July 25 – Sep 18, attracting a excessive stage of investor curiosity regardless of crypto costs trending down – Bitcoin and Ethereum are nonetheless buying and selling beneath $20,000 and $1,500 this week.
That top demand eclipsed most crypto presales, personal gross sales or preliminary coin choices (ICOs) of 2021 or 2022 – for instance the STEPN (GMT) token sale raised simply $9.2 million, which included funding from crypto VCs resembling Binance Labs, Alameda Analysis, Sequoia Capital and different huge names.
Protection in CNBC on the 15 million USDT level can also have helped push the brand new crypto token’s seed spherical funding over the end line a month sooner than deliberate on the Tamadoge roadmap. Yahoo Finance additionally highlighted TAMA as early as its beta sale.
Throughout crypto information media, Tamadoge has made headlines in BeInCrypto, Bitcoinist, NewsBTC, The Cryptonomist, ZyCrypto, and others – TAMA combines the most well-liked sectors of cryptocurrency as a play to earn crypto asset, a meme coin and having upcoming metaverse and transfer to earn options.
GMT at its peak hit a $2.5 billion dwell market cap – topping out at $4.18 with a circulating provide of 600 million (10% of its whole provide, 6 billion). Its ICO worth was $0.64, and its bull run passed off whereas the Bitcoin worth was in a downtrend – early March to late April 2022.
Tamadoge will launch with a 1 billion circulating provide (50% of its whole provide of two billion), at a list worth of $0.03 – an preliminary market cap of $30 million. Reaching the identical market capitalization STEPN reached eight weeks from its launch would imply a TAMA worth goal of $2.50, an 83.3x achieve.
At the moment since its correction GMT has a market cap of simply over $380 million – which TAMA would hit at $0.38 per token, a 12.6x achieve from its itemizing.
In contrast to GMT, TAMA is deflationary with an in-built token burn on Tamadoge retailer transactions – when gamers improve their Tamadoge NFT pets with equipment, or purchase pet food. Having a better proportion of its token provide unlocked at its IEO might additionally assist help the value.
Tamadoge additionally has no costly barrier to entry like STEPN – in its M2E crypto sport, gamers had been required to purchase NFT sneakers. The explosive bull cycle of GMT passed off throughout a time interval wherein NFT sneakers had a ground worth of round 12 Solana (SOL) – a testomony to how in style apps that pay customers in crypto are.
Subsequent Shiba Inu
Shiba Inu initially dumped after its Binance itemizing (Could 2021, and its Coinbase itemizing was in January) and hit a low of 0.00000510 USDT 4 months later in September
It then exploded 17.3x to 0.00008854, principally based mostly on hype and FOMO – since then it has retraced most of its bull run, now buying and selling barely over 0.00001. At press time the Shiba Inu worth is up, nonetheless its market construction continues to be bearish – printing decrease highs and decrease lows.
Even after its roughly 90% correction from the highest, Shiba Inu has a market cap of $6.4 billion at this time and totally diluted valuation (FDV) of nearer to $7 billion. All with little utility or incentive to carry SHIB.
Tamadoge might doubtlessly be the following cryptocurrency to blow up with its Doge aesthetics and extra concrete use case, being the native foreign money of a play to earn crypto sport – one thing Shiba Inu is starting to discover with the current launch of its Shiba Eternity P2E sport.
Subsequent Dogecoin
The Dogecoin worth is up at this time by 10% – however on the time of writing its $0.06 – $0.07 worth vary is an virtually 92% retracement from its all time excessive of $0.74 hit in Could 2021 simply earlier than Elon Musk appeared on Saturday Evening Reside.
Since launch, the Dogecoin whole provide elevated from 100 billion to virtually 133 billion – DOGE is an inflationary asset with an infinite provide (no most provide). That side of its tokenomics may have contributed to its correction over the past 17 months.
Terra Basic (LUNC) dominating the crypto information headlines in current weeks for turning into a deflationary asset – the LUNC Burn is once more within the information this week, coated on the Binance weblog – may have raised consciousness for a lot of traders that deflationary cryptocurrency cash are a greater funding.
Tamadoge might doubtlessly carry out properly each after its preliminary change itemizing and in the long run, as a consequence of its deflationary tokenomics.
Crypto traders additionally more and more search for new altcoin tasks with doxxed groups. The Tamadoge builders and founders are public, relatively than remaining nameless – usually a crimson flag and an indication of a possible rip-off or rug pull.
In addition to that transparency, Tamadoge accomplished a Solid Proof audit, CoinSniper KYC verification and has partnered with fiat funds gateway Transak.
Finest New Crypto Itemizing on OKX – Pre Register to Purchase Tamadoge
Tamadoge having its IEO on OKX – with extra crypto change listings to observe – is one other potential bullish catalyst for TAMA being the most effective new crypto coin to spend money on.
OKX has an change rating of 6.1 on CoinMarketCap and a inexperienced ranking – which CMC solely awards to 21 high tier crypto exchanges.
That change platform rating relies on a wide range of metrics together with how reliable and secure an change is, its each day buying and selling quantity ($1.6 billion up to now 24 hours for OKX), and variety of cryptocurrencies listed.
Different huge names like Bitmex, Delta change, Phemex, Bittrex, Poloniex and Bitmart all have a decrease rating and orange ranking on CMC.
The video above posted to the Tamadoge YouTube channel explains how one can purchase Tamadoge when it’s listed – OKX additionally has a separate DEX for these unable to make use of its CEX.
Tamadoge may even have its preliminary DEX providing (IDO) on OKX the identical day six hours after the CEX itemizing (11:00 UTC) at 17:00 UTC.
In addition to Tamadoge doubtlessly being the most effective new coin itemizing this month, new OKX signups have an opportunity to win a thriller field valued at $10,000.
