Tom Sheen
Crypto markets continue to struggle today with September historically a bad month in the space and some investors le their positions for more traditional asset classes.
However, despite the overall downturn – with the total crypto market cap down 1% in the last 24hrs – a number of coins have seen strong price action amid interesting and noteworthy project developments.
Here are a handful of cryptos to buy today.
Tamadoge (TAMA)
Tamadoge is a new project that offers utility and strict tokenomics that rival meme coin projects cannot.
Having just completed its presale, raising a bear market-busting $19 million in just under eight weeks, the native TAMA token is set for listings on major exchanges soon, with a detailed announcement planned for Friday 23 at 11am UTC.
The final stages of the presale saw whales investing the project ahead of the listings with purchases of 55.8ETH and 40ETH completed late on Sunday.
Compared to other meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) which are inflationary and have incredibly high circulating supplies, TAMA features a max supply of just 2 billion coins and also features a deflationary mechanism – with 5% of tokens burned in the pet store.
The pet store is used to buy digital food, treats and toys for NFT pets, which form the center of a play-to-earn game.
TAMA holders will be able to mint pets at the end of the year and feed, care for them and grow them, before taking them to do battle against other players and earn prizes.
Later in the roadmap the 3D pets will also transform into augmented reality, allowing holders to take them into the real world, hunt and explore.
Tamadoge, which we’ve named as our most promising crypto, features a doxxed team, has passed its smart contract audit and has had its KYC verification completed.
#TamadogeArmy-We Have Massive News To Share
A Tier 1 Exchange Has Been Secured For Initial Listing
Name To Be Announced Friday 12 PM BST, With Listing Date & Time
A Joint Marketing Campaign Will Commence Once The Announcement Is Live
Stay Updatedhttps://t.co/9VkUooU5YR pic.twitter.com/eyKKywUamo
— TAMADOGE (@Tamadogecoin) September 20, 2022
The project is already generating huge buzz and has grown a big army of followers on social media with nearly 70,000 Twitter followers and another 50,000 on Telegram.
Follow those for the latest news and announcements.
EOS
EOS has made gains of as much as 13% in the last couple of days with volume nearly as much as £500 million in 24hrs, an 80% increase on the previous day.
The news is ahead of a hard fork on September 21, when the EOS Netowrk Foundation and the other blockchains built on ESOSIO software – EOS, Telos, Wax and UX Network – will band together for a rebrand.
⏰ HARD FORK REMINDER ⏰
All #EOS nodes must upgrade to @AntelopeIO Leap 3.1 before Wednesday or they will fall out of sync from the rest of the network!
Instructions on how to prepare for this consensus upgrade can be found in the guide below.
⬇️⬇️⬇️https://t.co/wmHCYcZUQP pic.twitter.com/HeHpcuoQ8K
— EOS Network Foundation (@EOSnFoundation) September 19, 2022
They will collectively take ‘The Leap’ and become known as Antelope, assuming control of their own codebase in a move they describe as “a step forward onto solid ground after years mired in the unpredictable bog of a negligent steward.”
Solving the problem of communicating between blockchains is one of the biggest in the space and EOS – and Antelope – claims they are at a strategic advantage to tackle it because of the shared codebase and coalition.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
Stellar (XLM)
Trading volume for Stellar is up to $312 million, a massive 80% increase over the previous 24hrs, and although the price has seen something of a retraction in more recent trades, XLM is still up 10% in the past week.
Some investors believe that XLM makes gains along the same timeframe as Ripple, with XRP up 4.5% in 24 hours and 20% in the past seven days, while there are continued questions that Ripple could ditch XRP for XLM if the US Securities and Exchange Committe (SEC) continues to push in its legal court case against them.
Stellar was created by a co-founder of Ripple, Jed McCaleb, and there is often confusion if it was a hard fork – which they have claimed it is not. Both protocols are designed to move funds and financial resources in rapid time and at a minimal cost.
However, it appears as if Ripple could be on the verge of winning their court case, paving the way for increased institutional adoption from major banking and financial providers.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
Helium (HNT)
Like XLM, Helium is another utility coin that has been pumping in the past couple of weeks.
It is up over 5% in 24hrs at the time of writing – and nearly 40% in the past two weeks – to $4.60 having recovered from lows of around $3.33 at the start of September.
Some of that recovery is arguably due to HNT being undervalued at that price, while there is also huge interest after a big new announcement.
Say hello to @Helium_Mobile! The world’s first cryptocarrier, bringing the power of #ThePeoplesNetwork right to your phone in partnership with @TMobile!
Read more here: https://t.co/SAO1OpzjWP pic.twitter.com/oWfOBKqYbr
— Helium (@helium) September 20, 2022
Helium has partnered with massive multinational mobile phone network provider T-Mobile and parent group Deutsche Telekom to launch its own mobile network provider.
To put into context, Deutsche Telekom is bigger than AT&T, America’s largest mobile network operator, and has nearly 250 million subscriptions.
Helium Mobile will allow users on the network to mine $MOBILE tokens, with a waiting list now open.
The company has been long established in crypto, having been founded in 2013, and reached peak prices of more than $50 during the November bull run.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
Related
- 3 Reasons XRP Price has Been Pumping This Week and Could Explode
- Tamadoge to Reveal Claim and CEX Listing Dates on Friday
- If This Crypto Indicator is right then Selling Pressure is at 55 Day High – Is the Bottom in Sight?
This article was written for Business 2 Community by Tom Sheen.
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