The ongoing bear market has led to some huge losses among traders, with some investors even losing millions of dollars on certain assets.
However, there's one group of people that thrive in these types of situations – crypto whales.
Crypto whales know that a bear market is a perfect opportunity to get high-quality tokens for a much lower price.
While tracking the exact trading activities of whales is a bit complicated, numerous platforms are suggesting that there's one token currently on their radar – Tamadoge.
Over the past couple of weeks, the demand for TAMA tokens among crypto whales has increased dramatically.
But what's so special about this asset?
We all know the interesting story behind Dogecoin – it started out as a light-hearted joke and ultimately ended up as a billion-dollar project.
The most impressive thing about this achievement? It had nothing to offer except a cute puppy picture.
Ever since Dogecoin and Shiba Inu skyrocketed in value in 2021, there have been millions of new meme coins released, looking to repeat that success.
However, the vast majority of these projects fail to do that simply because they lack any sort of real utility and features.
Tamadoge has decided to change the narrative.
Tamadoge is a new meme crypto asset that combines advanced tokenomics, real-world utility, Metaverse and NFT technology, and a P2E game. TAMA is the project's main platform currency and native governance token.
Even if it only had one of these things, Tamadoge would have an edge over the meme coin market. But, all these things combined make it a token to be reckoned with.
And crypto whales noticed it.
If there's one thing crypto whales love, it's affordable tokens that have high-profit potential.
Even though the presale for TAMA tokens started in the midst of a severe crypto winter, it's been nothing short of a success so far.
In the beta sale phase that was launched on July 25th, Tamadoge managed to reach the $2.1 million target in record time, which prompted the official presale to be released much sooner than anticipated.
So far, the presale has been booming and over 70% of the released tokens (1 billion) have been sold out.
But, there's still time to capture the low price and become an early investor before the project skyrockets.
At the time of writing, investors can purchase 40 TAMA tokens for 1 USDT, while 1,000 tokens is the minimum investment amount.
For every 100 million tokens sold, the price will increase.
This is one of the main reasons why so many crypto whales are stocking up on TAMA tokens and why this project outshines its meme coin competitors on the market.
With the Metaverse rapidly evolving, Tamadoge made a huge step forward by creating one of its own, the Tamaverse.
The Tamaverse is where the action happens – player interactions, token trading, minting NFTs, P2E games, and much more.
Within the Tamaverse, players can acquire pet NFTs and breed them until they're ready for battle.
Since each pet comes with a unique set of abilities, players will have to learn how to utilize their powers and win the battles.
Each month, those who are ranked best on the monthly leaderboard get the prestigious Dogepool rewards.
This concept was inspired by the popular 90s pet game Tamagochi, which is another reason why so many players are lining up to get a piece of the action.
Long-term stability is one of the main issues that current meme coins face, even those with the largest market cap like DOGE and SHIBA.
This is why we see so many pump and dump phases in this industry and why meme coins are considered a high-risk investment.
Tamadoge is looking to change this by positioning itself as not only a meme coin, but a utility token as well.
TAMA's utility is directly connected to the Tamaverse and the tokens are used for all in-game trades, staking, reward distribution, and other activities.
What's more, the founders of the project have announced several CEX listings towards the end of the year and the release of the AR (augmented reality) app.
All of this combined makes Tamadoge a great long-term investment and it's why crypto whales believe the project might bring 100x returns by the end of 2022.
Here is the exact guide you can follow for your first TAMA token purchase.
STEP 1
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet).
Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend MetaMask.
If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
STEP 2
Once you have your preferred wallet provider ready, click "Connect Wallet" and select the appropriate option. For mobile wallet apps, you will need to select "Wallet Connect".
You will then have three options: Buy ETH With Card. This option will allow you to purchase ETH that will be sent to your wallet by our partner, Transak.
You will then be able to use this ETH to purchase TAMA. Click "Buy Eth With Card" to begin and follow the on-screen steps. We recommend purchasing a minimum of $15 worth of ETH to cover the minimum TAMA purchase. Buy TAMA With ETH.
Once you have sufficient ETH in your wallet (if you do not have ETH or USDT, please select option 1 to purchase ETH first), you can now swap your ETH for TAMA. Type in the amount of TAMA you wish to purchase (1,000 minimum) and then click "Convert Eth".
Your wallet provider will ask you to confirm the transaction and will also show you the cost of gas. Buy TAMA with USDT. Please ensure you have at least $15 of USDT in your wallet before commencing the transaction.
Type in the amount of TAMA you wish to purchase (1,000 minimum). Click "Convert USDT". You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. Please ensure you go through both approval steps in order to complete the transaction.
STEP 3
Once the presale has concluded, you will be able to claim your TAMA tokens. We will release details closer to the time, however you will need to visit the main site https://tamadoge.io and click on the gold "Claim" button.
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
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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.