Tamadoge (TAMA) was listed on OKX today, Sept 27th and pumped 89% to $0.0567 at launch, before a correction alongside Bitcoin dropping.
The Tamadoge listing price was $0.03 and its presale price ranged from $0.01 – $0.03 over the course of its token sale, which lasted 55 days and raised 19 million USDT.
OKX exchange are also running a TAMA trading competition with a $200,000 prizepool.
Remember About The Giveaway ⬇️ https://t.co/aPoBsiIpcu
— TAMADOGE (@Tamadogecoin) September 27, 2022
Tamadoge Price Chart – Analysis
After its initial spike, the Tamadoge price retraced to a daily low of $0.017, before bouncing to $0.028 at the time of writing.
Tamadoge on CoinMarketCap (time delay from listing)
The Tamadoge market cap is currently $25.3 million, with 50% of its total supply of 2 billion tokens in circulation.
Bear Market Conditions
Crypto prices today are volatile – the Bitcoin price crashed $1,000 in one four hour candle shortly after the Tamadoge listing, when news broke of the Nordstream pipeline attacks.
The Bitcoin and Ethereum price have been trading sideways for 101 days since the June 18th yearly lows amid ‘crypto winter’ – with Terra Luna and Terra Classic sucking up most of the market liquidity.
One of the best crypto traders on Twitter @MacnBTC posted analysis on new crypto listings that retrace and go into a reaccumulation range, as being more profitable to buy.
Remember when I taught you not to buy #altcoins that pump directly on listing?$SWEAT pump on listing = cheap technique done by the market maker to generate the most amount of retail liquidity to sell on.
Nobody shares alpha like this.
— Mac (@MacnBTC) September 21, 2022
The tweet thread includes charts of Solana (SOL) and Polygon (MATIC) at launch – which both dumped after their Binance listing before later rallying, in the case of SOL three weeks later.
Earlier this month MacnBTC also tweeted this to his 240,000 followers:
Someone with a $10,000 portfolio should not focus on buying $ETH and $BTC but rather possibly aim to get whitelisted in NFT projects and gamble on dogecoins that either go x50 or -100%.
13th Highest Volume on OKX
The Tamadoge 24 hour trading volume is approaching 7 million USDT (255 million TAMA) – just ten hours into its first day of trading.
ERC-20 token TAMA ranks just outside the top ten OKX cryptos by daily volume, which include BTC, ETH, DOGE, LUNC, LUNA, UNI and other big caps.
There are approximately 20,000 TAMA holders tracked on Etherscan. A majority of the presale participants are holding and in profit.
Beta sale for which the TAMA price was 0.01 USDT
Beta sale investors still holding will have a PnL in the green by several hundred percent.
No Vesting Period, Sales Tax
The Tamadoge presale had no vesting period, i.e. ICO participants were able to sell on launch day without their tokens being locked.
Tamadoge also has no transaction tax – unlike some new altcoin projects it is tax-free to buy and sell.
Tamadoge YouTube channel which also hosts crypto giveaways
After its first correction Tamadoge again bounced back over the presale price for some time, trading around $0.035.
How to Trade Tamadoge
Tamadoge’s OKX listing is set to be followed by more crypto exchanges in the coming days, and the crypto game project’s first NFT drop.
While OKX exchange is restricted in some countries, traders in all jurisdictions can access the OKX DEX platform to buy and sell Tamadoge.
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