Jimmy AkiElmo Inu is one of the newest meme coins in the crypto market right now however there is little information on it – it doesn’t have a CoinMarketCap page but CMC does track its PancakeSwap trading pair.
According to its website the project was developed as a homage to the popular Sesame Street character ‘Elmo’ to provide additional funding for charities supporting children.
Some scam crypto projects claim to be charitable ventures however – is Elmo Inu a legitimate token? In this guide we review the project’s background, where to buy Elmo token, the Elmo Inu ecosystem and the token’s potential prospects going forward.
How to Buy Elmo Inu (ELMO) Token – Quick Steps
In terms of how to buy ELMO token, this is an overview:
- ✅Visit the Elmo Inu Homepage: One way to buy ELMO tokens is to visit the project’s home page (elmoinu.io) and click “Trade Now”.
- ✅Purchase On PancakeSwap: PancakeSwap is the main option in terms of where to buy ELMO tokens. Investors who click on the “Trade Now” button are redirected to that DEX.
- 💳 Connect Your Wallet: PancakeSwap allows investors to connect different decentralised wallets – from MetaMask to Trust Wallet and even the Coinbase Wallet. Click on the “Connect Wallet” button to proceed.
- 🔎Buy BNB: ELMO is built on the Binance Smart Chain. So investors will need the blockchain’s BNB token to buy ELMO token.
- 🛒 Swap For ELMO: Simply swap BNB for ELMO. Enter how much BNB to swap, and proceed.
What Is ELMO Token?
Elmo Inu aims to provide value to investors while supporting charities worldwide, according to its site, and has adopted the brand recognition of Sesame Street’s Elmo.
Launched in July 2022, the Elmo coin is a BSC token and community-driven meme coin. In a marketplace where everyone seems to be focusing more on their possible profits, ELMO’s developers are looking to fulfil a philanthropic objective. According to the project’s website, they will donate at least $100,000 to charities while also exploring different aspects of the market – ranging from on-chain utilities to non-fungible tokens (NFTs).
Elmo Inu’s developers appear to have a vision for this asset and an ecosystem they’re looking to build. According to their roadmap, they are working on several projects. Most prominent is the launch of ELMO Swap – a decentralized exchange that will allow crypto investors and traders to trade their assets without going through a third party.
Elmo Inu’s developers are also working on an Ethereum bridge, allowing holders to transfer the ELMO coin from the Binance Smart Chain to Ethereum. The developers also intend to launch a card service for $ELMO holders to gain more utility from their assets by spending them.
All of these projects are laudable and expected to deliver some value to investors – many of whom would be looking to achieve greater utility from their coins. In addition, when $ELMO launches on centralized exchanges, investors would be able to access it better for trading and transactions.
ELMO has reportedly been verified by crypto compliance platform GemPad, showing that the project appears to be legitimate. However, we found that there’s no whitepaper for the project.
This is a bit of a red flag since it means we can’t verify the founder’s vision or what they hope to achieve. As mentioned there’s also no Elmo Inu CoinMarketCap tracking page yet – and therefore no verification of the ELMO circulating supply.
Is ELMO Crypto a Good Investment?
It’s difficult to say whether Elmo Inu coin is good investment based on the available information. Here are a few things to note about the coin before buying ELMO token:
Building on the Hype Surrounding Meme Coins
$ELMO appears to be a meme coin. And if there is a subcategory of cryptocurrencies known for delivering impressive gains, it is meme coins. We’ve already seen some of the best meme coins, like Dogecoin (DOGE) and Shiba inu (SHIB), which became wildly popular in 2021 after reaching impressive heights.
While the market has struggled in 2022, meme tokens remain one of the best investments for crypto market participants. When the market flips bullish, these assets could be the gold standard. So ELMO has a chance at profitability.
Additional Functionality for the Asset
As many know, the best cryptocurrencies to purchase are those with utility. Despite the popularity of meme coins, several of the foremost assets in this subcategory have already begun to develop use cases, building ecosystems and features that drive utility for the coins beyond just investing and hoping to earn returns.
This is one area where $ELMO’s developers appear to be ahead of the curve. Instead of just building an asset that investors can hold and use to earn, they’re also looking to drive functionality for it. This asset looks set for great functionality with features like the ELMO Swap and a possible Ethereum bridge.
Philanthropic Activities from the Developers
Besides delivering gains for investors, $ELMO is also noted for its strong ties to humanitarian and philanthropic activities. Last month, the coin’s developers partnered with OrphanAid Pakistan to install water wells in the Middle Eastern country.
The water wells were installed in Tharparkar – a region in Pakistan that, according to Wikipedia, has the lowest Human Development Index rating of all the districts in Pakistan’s Sindh province.
ELMO Inu’s developers have committed themselves to engage in more philanthropic acts, bringing the good in crypto to as many people and communities as they can.
Strong Online Community
Despite launching only recently, $ELMO appears to be gaining popularity among social media users – many of whom are avid cryptocurrency investors.
This is a common trait among meme coins. The assets tend to be very popular on social media, building bases of strong communities, many of whom eventually buy them to make gains down the line. DOGE, SHIB, and other top meme coins in the market started by appealing to massive numbers of retail investors. With these investors already locked, the coins began to roll out more functionalities to drive use. We expect ELMO to follow the same path to development.
ELMO Inu Token Price
Currently, the ELMO token trades at a value of $0.0000000301. The asset has been in a downtrend since its launch.
Elmo Inu (ELMO) price chart
For now, a lot of market data on $ELMO is yet to be tracked. We couldn’t find information about the asset’s circulating supply or market cap, although its trading volume of just $300 shows that it isn’t liquid yet. This isn’t a surprise considering that $ELMO is still a new cryptocurrency.
The bearish price action is a red flag though for this new crypto project. Its even possible Elmo Inu is delisted or trading suspended if doesn’t gain traction – which happened to a similar meme coin Shiba Samurai.
Elmo Coin Price Prediction
ELMO was launched at a time when the crypto market was still reeling from a significant downturn. With the collapse of the Terra stablecoin ecosystem – as well as other industry heavyweights like Three Arrows Capital, Voyager Digital, and Celsius – confidence in the market has been shaken, and many investors remain sceptical about crypto.
Fears of inflation, supply chain problems and an economic recession have hampered a lot of sectors, and rising tensions among several of the world’s top economies have led to growing insecurity, which has also bled into the markets as several companies have seen their operations affected.
All of this shows that the prospects for most cryptocurrencies might not be bright right now. However, this isn’t to say that this condition will last. Markets move in phases and cycles. A bear market today will eventually flip bullish – and that is the point where assets like $ELMO could prove profitable.
As explained earlier, there is a lot of growth down the line for $ELMO. The asset’s developers have outlined several projects they will be looking to work on in the future, including a decentralised exchange platform and the opportunity for token holders to be able to spend the asset using credit cards. All of these should drive greater utility for $ELMO while investors continue to purchase and trade the asset for gains.
With this in mind, it’s easy to see that the ELMO token could become something big in the future. The asset could easily see gains despite trading at $0.0000000285 now. Some possible predictions for $ELMO can be found below:
| Year | Potential Low | Average Price | Potential High |
| 2022 | $0.0000000285 | $0.0000000395 | $0.00000005 |
| 2023 | $0.00000005 | $0.000000075 | $0.0000001 |
| 2024 | $0.0000001 | $0.0000005 | $0.000001 |
| 2025 | $0.000001 | $0.000005 | $0.00001 |
Elmo Inu – Are There Any Better Alternatives?
While the Elmo token appears to be an interesting asset, it is understandable if investors are sceptical about it. The coin has yet to prove itself in the market, and there isn’t much information on it. After an initial pump the ELMO price has crashed over 75%.
Tamadoge (TAMA) is a new CoinSniper verified and Solid Proof audited crypto project, that we reviewed on our best future cryptocurrency guide as its currently on presale. Investing early during a presale affords investors the highest upside potential.
The asset, which is also a meme coin, has been generating some buzz with investors thanks to its solid use case and application in the gaming landscape.
Tamadoge
TAMA is the native token for Tamadoge – a blockchain gaming platform that incorporates a meme coin, allowing players to earn profits while participating in the activity they love. The platform describes itself as the ‘play-to-earn Dogecoin’, and its developers are looking to create a system where a meme coin can be more functional.
The vision for TAMA is simple – while investors view it as a meme coin that will deliver sporadic gains, the asset is also useful as it underpins a gaming ecosystem that revolves around digital pets. Called ‘doges’, these pets are actually NFTs. Players would be able to purchase them, breed them, and use them to battle other players. If an investor wins a battle, they get the other player’s doge and TAMA tokens as a reward for their activities.
The Tamadoge ecosystem is also filled with other mini-games and challenges that investors and players can engage in, and the platform’s developers are looking to build a metaverse called the “Tamaverse”. Metaverses are a huge source of attraction for gamers, judging by the success of platforms like Axie Infinity and The Sandbox.
So we expect the Tamaverse to be a major boost for TAMA and set up Tamadoge to be one of the best metaverse platforms.
Besides its links to the Tamadoge universe, TAMA is also noted for its strong tokenomics. The asset is deflationary, with 5% of tokens in every transaction being burned. So the TAMA supply will consistently reduce, giving the price more opportunities to grow.
In addition, TAMA doesn’t have a transaction tax. So, investors could hold all of their profits after buying and selling the token. Currently 20,000 early investors are active in the Telegram group.
Despite only launching this year, there is a lot to look out for from TAMA already. Currently the beta sale has raised over $1 million, selling out 50% of that beta sale period and 10% of the total presale period which runs until Q4 2022 with a hard cap of $10 million.
How to Buy Tamadoge – Tutorial
TAMA is currently only available on presale. To purchase the asset, use the following steps:
Go to the Presale Page
Click on this link to go to the TAMA presale page and participate in one of the fastest growing crypto presales this year.
Connect Your Wallet
TAMA isn’t available on centralized exchanges yet but does have a confirmed CEX listing on LBank for after the presale has concluded. Investors joining the presale before that will need a crypto wallet like MetaMask or Trust Wallet to buy TAMA.
Set up a wallet after downloading – e.g. from MetaMask.io – and following the on-screen instructions to obtain the wallet address. Investors also need to download the wallet’s browser extension to connect seamlessly to the presale page.
Open the wallet extension on a browser to connect automatically. Go back to the presale page, click on the “Connect Wallet” button, and choose a wallet type.
Fund Your Wallet
As an Ethereum-based platform, TAMA can be purchased using Ethereum – as well as USDT, and a debit/credit card over the popular Transak payment gateway.
Investors can buy Ethereum using USDT on any reputable broker.
Swap ETH For TAMA
Investors can now enter a desired ETH purchase amount with a funded wallet. Click on “Convert ETH”, review the transaction, and confirm it.
The minimum purchase amount is 1,000 TAMA (approximately $10 plus a small gas fee). As mentioned the Tamadoge presale page also allows traders to purchase ETH using their credit card directly.
Claim Your Tokens
Investors can claim their TAMA tokens when the TAMA presale is concluded. Simply click on “Claim” on the Tamadoge homepage to receive the purchased coins when the presale is over.
Also, keep the following details in mind when purchasing the asset:
- Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
- Decimals: 18
- Token Symbol: TAMA
Conclusion
$ELMO is an interesting meme coin that was recently launched and is already amassing an impressive community on social media. With a focus on philanthropic activities, this asset is looking to make a true difference in the world – while also delivering gains to investors.
There is a lack of detail information however on the project, and the Elmo Inu price has crashed since its July 2022 launch.
Another new meme coin project and one of the fastest growing cryptocurrency assets is TAMA. The asset, which powers the Tamadoge ecosystem as a play to earn rewards token, looks set to be the next big thing in blockchain gaming. And with a strong tokenomic model, TAMA has attracted a high amount of interest, already raising over $1,000,000 in initial seed round funding.
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on Bybit, OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption
FAQs
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This article was written for Business 2 Community by Jimmy Aki.
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