Arslan Butt
Shiba Inu was the most popular meme coin during the crypto meltdown, with a price increase of nearly 70% in the incredibly volatile crypto market. Shiba Inu increased more than 1700% from a low of $0.00000509 to $0.00008852 in 2021. With such an unexpected move, everyone wondered, Will Shiba Inu Hit $1? The answer is clear now: SHIB is unlikely to go after $1 anytime soon; Tamadoge, an upcoming token, has the potential to hit $1 soon.
Will Shiba Inu Hit $1?
If you had bought Shiba Inu at the right time, you could have transformed a tiny investment into a fortune. Perhaps more than any other asset in history, Bitcoin defied all odds to generate enormous increases in a brief period of time. If you search “Shiba Inu will reach $1” into your preferred search engine, you’ll almost certainly come across headlines and discussions claiming that the cryptocurrency might reach that price point.
Is it truly possible?
The math is straightforward. Shiba Inu has a total token supply of 589.7 trillion; therefore, achieving a price of $1 per token would result in a market value of $589.7 trillion. That is a staggering sum, comparable to 453 times Bitcoin’s highest worth of over $1.3 trillion. It is also nearly 360 times larger than the overall combined cryptocurrency market cap of $1.64 trillion and 6.6 times the total global GDP in 2021.
Now, let’s get right to the point. No, given Shiba Inu’s current features, that situation is nearly impossible. Tamadoge, the newest Meme Coin, may reach $1 after its launch. So it’s a matter of keeping an eye on it.
Shiba Inu Price Prediction
Shiba Inu is currently trading at $0.000012, having bounced off the $0.000011 support level. On the plus side, a breakthrough double top resistance level could expose SHIB to $0.0000125. However, if the uptrend continues, SHIB could be exposed to the major resistance level of $0.0000135.
Leading technical indicators like the RSI and MACD are pointing to a buying trend. At the same time, the 50-period EMA is supporting the SHIB at $0.000011. SHIB has formed a symmetrical triangle pattern on the 4-hour timeframe, supporting decision amount investors.
Depending on the nature of the fundamentals release, such a triangle pattern will typically break on either side. In any case, a breakout of the $0.000011 level may expose SHIB to the $0.000011 level.
What is Tamadoge (TAMA)?
Tamadoge, another excellent ERC20 token, takes a unique approach, merging meme coin concepts with play-to-earn (P2E) game features. The TAMA token is the ecosystem’s native token and can be considered a meme coin. It can be used as in-game cash to make any in-game transaction, from purchasing items for your pet to completely upgrading them. Like the best play-to-earn games, TAMA allows users to win frequent incentives through competent gameplay. This is accomplished by giving players the ability to mint, breed, care for, and battle their ‘Tamadoge pets.’
The TAMA project is scheduled to hit the market soon and is based on a popular game from the 1990s. The game was called Tamagotchi, and it allowed players to care for their pets using a digital device. These pets are built like NFTs, and each one has its own set of strengths and drawbacks. All Tamadoge pets are minted as newborns, which means the owner must care for them until they reach maturity. When a Tamadoge pet reaches adulthood, it can compete against other pets in Tamadoge’s turn-based battle arena. Winning these battles grants the owner ‘Dogepoints,’ which allow players to move up the leaderboard.
Those with the most Dogepoints at the end of each month will be awarded in TAMA from the ‘Dogepool,’ which is supported by Tamadoge store purchases. As a result, an autonomous ecosystem emerges in which players can earn incentives and then use them to buy in-game stuff.
Tamadoge Beta Presale
Tamadoge (TAMA) has opened the beta sale phase of its presale, which will run until September 2, 2022, at a discounted price. Currently, 107,430.37 USDT has been collected at buy.tamadoge.io – early traders can buy TAMA with ETH, USDT, or fiat currency via on-ramp Transak using a debit or credit card.
Tamadoge has a maximum supply of 2 billion coins, with a capped total supply and a 5% token burn on all Tamadoge store transactions, such as dog food to nurture doge pups. Presale investors will receive 50% of the maximum supply. Tamadoge pets will be mintable, tradable NFTs that grow from baby to adult and will be animated in 3D.
Tamadoge has a huge upward potential upon its launch as the TAMA team has announced that its first CEX listing on LBank has been cleared for post-launch. Besides, Tamadoge will also be available on the Uniswap DEX.
Check out how to set up a crypto wallet to buy Tamadoge.
Tamadoge Socials
- Website – tamadoge.io
- Instagram – @tamadogecoin
- Tamadoge Reddit – r/tamadogeofficial
- Telegram – t.me/tamadogeofficial (admins will never DM you first)
- Twitter – @tamadogecoin
Related:
- How to Buy a Coin Before it Launches
- 5 Reasons to Be Bearish on Shiba Inu Price and Bullish on Tamadoge
- Fastest Growing Cryptocurrency 2022
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 Arslan Butt.
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