It’s been a rough end to a rough month for Dogecoin, the current largest dog-meme-inspired cryptocurrency by market capitalization. The broad cryptocurrency bear market of 2022, largely triggered by aggressive interest rate hikes from major central banks like the US Federal Reserve to tackle sky-high inflation, has seen Dogecoin shed around 55% of its value since the start of the year.

That masks the cryptocurrency’s roughly 90% drop from its record peaks at $0.76 printed back in May 2021. There was some hope for Dogecoin in late October and early November when Elon Musk took over Twitter. Speculation that Musk might integrate Dogecoin into a future crypto-based Twitter payments system sent Dogecoin as high as the $0.16 area.

But Musk’s desire to step down as Twitter CEO and broader selling in the crypto space has seen Dogecoin drop around 50% from these recent highs to current levels in the %$0.075 per token area. The outlook going into 2023 isn’t great for Dogecoin, with the cryptocurrency’s case not helped by its notorious lack of utility for anything other than sending between Dogecoin blockchain wallets.

Dogecoin
Dogecoin is down about 90% from its record peaks. Source: TradingView

Meme Coins With Utility Will Be The Future Market Leaders

In an industry heavily focused on serious innovations – like creating a transparent, decentralized financial system based upon sound money, and creating a new, decentralized and democratized version of the internet – tongue-in-cheek cryptocurrencies and projects are likely to continue to attract significant interest. Everyone loves a bit of fun and a bit of a joke, after all.

Arguably the desire for a bit of fun is the key driver behind the rise of major meme coins such as Dogecoin and Shiba Inu. However, while both coins will certainly live on, at minimum, as collectors’ items, a new bread of meme coin is coming to the fore.

These are so-called “utility” meme coins. Meme coins that do more than just sit in a wallet. Meme coins that allow owners to participate in a vibrant blockchain-based metaverse and gaming ecosystem. These utility meme coins are likely to be the names that see the most growth in the next cryptocurrency bull market.

Sooner or later, investors will begin to realize that utility meme coins with a good use case can compete with and perhaps even surpass the likes of Dogecoin and Shiba Inu. And leading the charge is Tamadoge.

Tamadoge

Tamadoge Soon To Explode?

Tamadoge is a promising Tamagotchi/dog meme-inspired play-to-earn (P2E) crypto project that seeks to layer enormous utility on top of its TAMA cryptocurrency token. TAMA is the cryptocurrency token at the center of the soon-to-be-released Tamaverse – a web3 ecosystem within which users can create, breed, and nurture digital dogs called Tamadoge pets.

Tamadoge pet owners accrue Dogepoints for their efforts, and the users with the most Dogepoints at the end of each month can claim winnings from the monthly Dogepool. Owners of Tamadoge pets will also in the future be able to use their dogs to play games and compete against each other for prizes in the soon-to-be-release Tamadoge Arcade, which will be another key part of the Tamaverse ecosystem.

Click here to check out previews of what some of the Tamadoge Arcade games are going to look like.

Tamadoge pet owners will use the TAMA token to buy things from the Tamaverse store, be that buying food, toys, or accessories for their digital pets. 5% of these TAMA tokens will be burnt, ensuring the token is deflationary in the long run. 30% will go to Tamadoge’s marketing and development fund. 65% will go to the Dogepool and be distributed to the players with the most Dogepoints at the end of each month.

Tamadoge
Can TAMA surge in 2023? Source: TradingView

TAMA tokens, currently available for purchase on multiple cryptocurrency exchanges including OKX, is currently trading on the cheap around $0.016, having been as high as $0.16 shortly after its ICO in late September.

But Analysts expect gaming experiences like raising Tamadoge pets and playing in the Tamadoge Arcade to appeal to a wide range of users well beyond the usual crypto crowd. As a result, Tamadoge shows every sign of becoming one of the top dog meme-inspired cryptocurrency projects of 2023. And that could launch its TAMA token into the stratosphere.

The project already has substantial traction, with 66.7K Twitter followers and 50K Telegram channel members.

Visit Tamadoge here

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