Ethereum is the second-largest blockchain cryptocurrency in the world. However, the Ethereum blockchain is the most popular platform for countless other crypto projects. Most altcoins are ERP-20 tokens, meaning they are entirely built on Ethereum's blockchain. That made ETH one of the safest investments in the crypto ecosystem.
However, the platform is currently working on new features and protocols to prepare for the future. The next move is to merge the Ethereum Mainnet with the Beacon Chain proof-of-stake system, changing how ETH works forever. The platform is risking everything with Ethereum 2.0 update, and if successful, it could overtake Bitcoin as the best crypto in the world.
Ethereum is an excellent network, but its outdated proof-of-work approach keeps it from growing. The network was created years ago, while blockchain technologies were still relatively young. The original protocols and features can't work in today's environment, so Ethereum put a lot of effort into moving to a proof-of-stake system that will enable future scaling. The so-called "Merge" is about to take place, reducing Ethereum's energy consumption by 99.95%.
However, until "The Merge" actually takes place, we won't know its full effect on Ethereum's value. If it turns out to be unsuccessful, the price of the ETH tokens could take a serious dip. All token holders and ETH traders will be affected, as the tokens could dip lower than the $800 – $1000 range. Considering that Ethereum is the network of choice for most DApps, and layer-1 blockchain projects, such a massive dip in price would result in huge losses.
At the time of writing this article, ETH is trading at $1,834. It's still the second-largest crypto by market cap and is going up by 2.01% in the past 24 hours. The price should stay strong for another two or three weeks, after which it's expected to either explode or take a considerable dip.
After years of stable prices and massive growth, the Ethereum Network is about to redefine its entire structure, moving to a new protocol called ETH 2.0. The upgrade, AKA "The Merge," will take place on September 15, 2022. Ethereum's Mainnet should merge with the Beacon Chain, creating a new proof-of-stake system instead of the current proof-of-work protocol.
Apart from reducing the network's energy consumption to only 0.05% of what it was before, the merge will also improve scalability and prepare the entire network for future upgrades. In other words, the price of ETH tokens will go through massive movements on September 15th, regardless of the outcome.
The move to ETH 2.0 will include halving, leading to a rally down the road. However, ETH could dip slightly during or right after the merging process. Token holders who sell their ETH before the merger will probably be happy about their decision for a few weeks, but once deflation kicks in, the price will likely rebound and even outperform previous all-time highs. As a result, Ethereum could become the top-ranked crypto in the world, and those that hold on to their tokens could get high gains. However, other projects are likely to experience high gains by the end of the year, with Tamadoge leading the way.
Tamadoge is the newest meme coin that will hit the markets in a few months. It's also the first meme coin with a vibrant metaverse, Play-to-Earn (P2E) mechanics, and a built-in NFT store. Once it goes live, users will be able to train virtual pets that double as NFTs and use them to explore the world, battle against other pets in the arena, and much more.
The platform's native token, TAMA, works as the utility token, and it's used for all transactions within the Tamaverse. Furthermore, players can also win TAMA tokens by reaching the top spots in the monthly leaderboards. TAMA tokens have a zero transaction tax protocol, and 65% of all tokens used every month are distributed back to players through rewards.
Tamadoge is undoubtedly one of the best crypto projects in development. It entered the presale stage recently, allowing you to purchase TAMA tokens at a discount and secure a spot as an early investor. If you invest at least $100, you can also enter the Tamadoge $100,000 giveaway. The prize draw will take place after the presale ends in September, and if you're lucky, you could win 1 million TAMA tokens. The project is already fully KYC'd on CoinSniper, and it's audited by SolidProof. Once the Tamaverse goes live, the tokens are expected to explode, leading to huge gains in the future.
Although the Tamadoge presale started only recently, investors worldwide have already done their part to capitalize on this incredible investment opportunity.
Check out this guide if you want to become a Tamadoge community member and potentially get rich by investing in Tamadoge. The step-by-step guide will explain each process in great detail, so make sure to read it carefully.
Once you complete all the steps, you'll be a proud owner of your first Tamadoge token.
Step 1 – Create a Crypto Wallet
If you don't already have one, you first need to create a crypto wallet to buy Tamadoge.
Most wallets are simple to create and are completely free. With that said, we recommend that you go with MetaMask since it includes multi-chain support.
Go to MetaMask's official website, press "Download," and follow the instructions to set it up.
Step 2 – Buy ETH/USDT
You can buy TAMA coins only through Ethereum (ETH) or Tether (USDT). Both of these cryptos can be acquired through the major crypto exchange platform.
However, you also have the option to purchase ETH directly via credit/debit card on Tamadoge's official presale platform.
After you buy ETH/USDT, transfer the tokens into your crypto wallet.
Step 3 – Connect the Crypto Wallet with Tamadoge's Presale Platform
Go to the official Tamadoge website and press 'Buy.'
Next, click on 'Connect Wallet' and pick your wallet provider. You'll see a bunch of instructions pop up; follow them to finish the connection process.
Step 4 – Purchase Tamadoge
Type in the exact amount of TAMA coins that you want to buy (the minimum is 10,000) and press 'Convert ETH' or 'Convert USDT.'
Double-check the information you entered and confirm the transaction if everything is correct.
Step 5 – Claim the Tokens
Lastly, all that's left for you to do is claim the Tamadoge tokens.
But, you should know that the 'Claim' option will be available only once the presale ends.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.