The BONK meme coin on Solana has skyrocketed in value over the past week, with the price of BonkDoge’s cryptocurrency increasing by 156%. This sudden surge in price has caused the cryptocurrency community to take notice, and some investors are now asking if there is a better opportunity out there.
Enter Tamadoge: The dog meme coin that’s quickly becoming popular amongst traders and investors alike. While it may not have the same brand recognition as BONK at the moment, it’s worth taking a closer look at the potential of Tamadoge, especially given its impressive presale raise of $19 million last year.
Tamadoge is built on top of Ethereum’s blockchain and is designed to be used as a currency in the world of tamagotchi-style virtual pets called “Tamadoges”. Players can purchase Tamadoges with TAMA or use the coins to purchase in-game items, such as clothing and accessories for their virtual pet.
but don’t be fooled into believing it will remain on an upward trajectory. There is absolutely no information about who developed this project or a white paper explaining its purpose, which leads many to believe that BONK could potentially just be another get-rich quick scheme for whoever might be behind it. It’s nearly impossible to make any reasonable predictions of where this platform may go without more transparency and direction from the anonymous founders. Additionally, with a quick rise in price comes a high risk that a lot of investors will take their profits in the short-term, causing the price to plummet.
Vision and Utility Make TAMA a Better Buy than BONK meme coin
The lack of utility for existing meme coins, such as BONK and Shiba Inu have limited to no use cases, and thus, seem unlikely to come close to Dogecoin’s success. In stark contrast to the lack of real-world utility for meme coins such as BONK and Shiba Inu, Tamadoge has crafted an engaging gaming experience that is bolstered by a deflationary token–TAMA.
Holders of TAMA tokens will be able to access exclusive Non-Fungible Tokens (NFTs), special bonuses that allow them to level up faster and gain many more rewards while playing Tamadoge’s games.
Tamadoge is also about to release its first string of addictive arcade games. Having accomplished their presale last year with great success, the team is now looking to add value to the Web3 gaming and NFT spheres through creative NFTs and captivating gaming experiences in its first four initial game releases.
Through the games, players will be able to purchase and earn NFTs (non-fungible tokens) with a range of effects that vary depending on their rarity level and type. The scarcer an NFT is, the greater benefits it provides within the game–including stat boosts that enhance your character’s battle abilities or provide you with items essential for progress.
With applications already being accepted, beta testing of the game is in full swing and gives users with the opportunity to offer feedback to heighten their gaming experience before its official release. By joining ahead of time, players can get a head start bolstering their characters’ stats.
#TamadogeArmy We Are Excited To Announce That Beta Testing For Our New Games Is Now Underway!
— TAMADOGE (@Tamadogecoin) January 5, 2023
The Tamadoge World
Upon loading the game, players will see the colorful Tama overworld, the portal to the games through which they progress and where they can trade Tamadoge pets and items.
As users level-up and collect and breed their digital pets, they are granted Dogepoints. Every month, the highest ranking player who has acquired the most points is rewarded with extra TAMA tokens that can be used within the game to purchase special items or enhance existing collections.
Before a game begins, players can choose the NFT Tamadoge creature companion they’ll use. These creatures possess distinct characteristics and abilities that make them more effective in certain games than others; thus it’s vital to take your time when selecting one. When done well, these choices could be a game changer.
Tamadoge Arcade also has a free version where players can watch ads to support their game play. The paid version is the only way to ascend the leaderboard and earn rewards, however.
Although Tamadoge had an incredibly successful presale in 2022, raising over $19 million in just eight weeks, the bear market put a damper on its price shortly thereafter, as it did with the rest of the market. Luckily for investors, bear markets are the best times to invest in promising projects before their prices take off in the next bull run.
As Tamadoge is powered by notable financial backing and a reliable team, it’s poised to emerge from the bear market in full force. The highly anticipated launch of its arcade-style games will further excite investors–potentially making this coin an opportune meme coin investment for 2023.
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