Ali Raza
The cryptocurrency market has been struggling to overcome the bears that have been in control since the beginning of the year. However, the past few months have seen some investors derive notable returns from coins that have overcome the bears and created a strong bullish momentum.
One of the top-performing coins over the past week is Terra Luna Classic (LUNC). LUNC has pumped by triple digits this week, but the bears seem to be cooling off. Therefore, investors that missed out on this bull run are looking for the next top gainer.
LUNC overcomes the bear market
Despite the ongoing bear market, the LUNC community has been pumping the token’s prices. The community has grown optimistic because of a 1.2% tax burn proposal expected to reduce the supply of LUNC tokens.
LUNC is the original token of the Terra Luna blockchain that collapsed in May this year. The depegging of the TerraUSD stablecoin at the time led to trillions of LUNC tokens being minted. The price crumbled shortly after by 100%.
However, the LUNC community is optimistic that the burn will prop up the prices. However, it is important to note that Terraform Labs moved on to a new blockchain, now known as Terra Luna, after the May debacle. Therefore, there is no certainty that the current tax proposal will support the price gain.
At the time of writing, LUNC was trading at $0.000521. it has dipped by 1.2% during the past 24 hours, showing that the bulls are cooling off. As the bears retake control of the market, investors are now looking for the next best alternative.
Is Tamadoge the best alternative in the 2022 bear market?
Tamadoge is one of the best alternatives during the current bear market. Tamadoge is the newest memecoin in the cryptocurrency space, and it is currently in a presale that has been ranked as one of the best in the market.
The Tamadoge presale is in the eighth phase, and $13.3 million has already been raised. During this phase, the value of TAMA tokens has gone up, where 1 USDT is 36.36 TAMA tokens. The phase is expected to end soon, given the high demand for these tokens, and the ninth and final phase will kickstart at a higher price of 1 USDT = 33.33 TAMA tokens.
Tamadoge is becoming increasingly popular in the cryptocurrency community because of the unique offerings of the memecoin. One of its unique features is the capped supply of 2 billion tokens. Half of the TAMA total supply will be sold during the presale, which explains why the token will witness a price rally after listing on the best DeFi exchanges and centralized exchanges.
Tamadoge is also changing the concept of memecoins by using the play-to-earn model to reward users that play in the Tamaverse. Tamaverse is a metaverse platform that allows players to use their Tamadoge pets to battle with the other players and receive TAMA tokens as rewards.
According to analysts from Analytics Insights, the Tamadoge token has the potential to surpass leading memecoins such as Dogecoin and other altcoins in the market. The analysts said that Tamadoge is on the path to becoming one of the best play to earn games and projects in the crypto industry.
Related
- ‘Luna Classic’ Hashtag Trends as Terra Classic (LUNC) Up 80% This Month
- How to Buy Tamadoge in 2022
- Meme Coin Tamadoge Presale Accelerates to $13.3 Million as Latest Price Phase Finishes
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption
This article was written for Business 2 Community by Ali Raza.
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