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The Elongate blockchain project was supposed to promote philanthropy and donate a significant portion of its profits to charities worldwide. The project has been around for a while, but it has kicked into a higher gear only after Elon Musk's sexual assault scandal dubbed Elongate. Even though entirely unrelated, the mention of the Elongate scandal has put the unrelated blockchain projects to new all-time highs.
But is that enough to keep the project moving forward? We have to wait and see, but without new features and better marketing, it's anyone's guess if Elongate will survive in the harsh crypto environment. So let's see what the platform offers more closely and the best alternative right now – Tamadoge.
Before we get into the details, let's take a quick look at the Elongate price predictions for 2022 – 2025.
| Year | Price |
| 2022 | $0.00000002 |
| 2023 | $0.00000003 |
| 2025 | $0.00000004 |
Now, the numbers are different when talking about the Elongate prediction, depending on who you ask. For example, established investing forecasters such as WalletInvestor think ELONGATE is a lousy investment. They predict a drop in value to $0.00000001 in the next year. However, the token could reach $0.00000002 by 2025, which is a 100% growth over the next three years, but since the token has a low daily trading volume, it probably won't reach the predicted price.
On the other hand, DigitalCoinPrice expects to see the token grow to $0.000000037 by the end of 2022. After that, they think the token will keep growing slowly to 2030 when it could be worth $0.0000001. Therefore, the predictions are widely different, depending on the forecaster's sentiment.
There is a total of 475,627 billion tokens in circulation, and they are still traded by people who want to help the community rather than make a huge profit. Token holders also get passive income from the fees but considering that the token has been on the downturn for the past few months, it's not looking like a good investment. That said, Elongate launched only a year ago, so there's still a chance it will grow in the future, but only if it manages to attract more investors.
Tamadoge is the newest addition to the Dogecoin ecosystem. It's also the first meme coin project with a vibrant metaverse, play-to-earn mechanics, and a built-in NFT store. Compared to Elongate, Tamadoge offers much better utility and advanced features allowing users to win more TAMA tokens.
Tamadoge is based on a popular hand-held game from the 90s called Tamagochi. Like in the original game, the main goal is to take care of your digital pets and ensure they grow into healthy digital animals. In addition, the project offers a detailed roadmap that provides more information about the features that should become available by the end of 2023.
Even though it's not a self-proclaimed "Dogecoin Killer" like Shiba Inu, Tamadoge has the chance to become one, regardless. It's the first meme coin of its kind, and its many features will make it a sought-out cryptocurrency in the next few years. The platform's native token, TAMA, works as the utility token, and it's used for all transactions within the Tamaverse. The best pet trainers that reach the top of the monthly leaderboards are rewarded with extra tokens, as 60% of all tokens used for transactions are given back to token holders.
The project is built on the Ethereum blockchain, so TAMA is an ERC-20 token. Tamadoge is still in its earliest stages. It entered the beta presale on July 25, 2022, but since it's built on Ethereum, it will be listed on CEX after the official launch planned for Q4 2022. Tamadoge is already in talks with Binance, Crypto.com, Coinbase, eToro, and other popular central exchanges. There are 2 billion TAMA tokens, half of which are available in the presale, while the rest goes towards improving liquidity. 5% of the remaining 50% will be burned, which will help boost the token's price even further.
As mentioned above, Tamadoge takes place in a metaverse called the Tamaverse. It's a spiritual successor to Tamagochi and the next big thing in the Dogecoin ecosystem. The platform uses the success of DOGE and SHIB tokens as leverage to attract new investors, and so far, everything is working as planned. That shouldn't be a surprise because it doesn't matter how you look at it; Tamadoge is made according to best practices.
For example, all digital pets work as NFTs, allowing players to buy, sell, and trade them using TAMA tokens. Moreover, they can also put them in an auction at the official Tamadoge NFT Petstore to earn extra tokens. The TAMA coins are used to buy food, upgrade pets, purchase accessories, customize avatars, and much more. Furthermore, TAMA tokens have a zero transaction fee protocol, which is always a welcomed feature. 65% of tokens used for transactions within the Tamaverse in one month are sent to the prize pool, distributed among the best pet trainers at the end of each month.
Tamadoge is still in its earliest stages, so it's currently looking for investors through a beta presale. However, the official launch is planned for Q4 of 2022, when the users will get a chance to mint their NFT pets, try a few play-to-earn games, and enjoy everything the Tamaverse offers.
The project managers are very serious about creating a stable blockchain platform, so Tamadoge is fully audited by Solid Proof. It's also fully KYC'd on CoinSniper, which means it looks like one of the safest new crypto projects. But that's not all; Tamadoge plans on adding new features in 2023, including more P2E games and full AR support. Once it integrates artificial reality into the metaverse, it could become as popular as Pokemon GO was a few years ago.
Considering the many advanced features, with more planned for the future, and a growing community, Tamadoge could go on a bull run as soon as it hits CEXs like Binance, eToro, and others.
The TAMA token presale started on July 25 and is ending in October 2022, or when the supply runs out. 50% of the 2 billion TAMA tokens are available in presale, but half of that has been sold already. So you have to invest ASAP to become an early investor.
Head to the official Tamadoge website and select a payment option to buy your TAMA tokens. You can load your account through debit/credit cards and use USDT or ETH to purchase TAMA tokens. Each token is priced at $0.01, meaning you will get 15,000 tokens for the minimum purchase.
Beta presale of this token started on 25th July 2022. The Beta presale should end on 2nd September, and the general presale – following the presale- will end in Q4 2022.
Everyone interested can buy TAMA with ETH or USDT, and there is no minimum amount of money required for the purchase. However, the Tamadoge team advised everyone who wants to buy the tokens to make the purchase of a minimum of $150 worth of ETH or USDT.
The price is $0.01 for 1 TAMA or $100 for 10,000 TAMA.
Here is a short guide on how to buy TAMA tokens:
With a name like Elongate, you might think that we're talking about another meme coin. Elon Musk has been one of the most prominent meme coin spokesmen, but Elongate has nothing to do with him. Well, almost nothing, but we'll explain everything in more detail below.
Elongate is a crypto project offering ELONGATE tokens and an NFT collection. It's designed to help those in need, so it donates a part of its earnings to organizations. According to the official statement, the project aims to leverage community action and blockchain technologies to help those in need.
The project's CEO, Hasan Aziz, is based in the UK and works as the head of testing at NatWest bank. Other team members, like Alexander Gambon, have experience working for non-profit organizations and other blockchain projects.
Elongate is an exciting blockchain that plans to introduce all kinds of features in the future. That includes multiple play-to-earn mobile games that allow users to win rewards, while a portion will be used to help the community. Elongate is currently developing a streaming service that focuses on "real-world transformations." The platform will feature podcasts and documentaries about successful people sharing their stories to help others find their place in the world.
The project has already released two NFT collections that share income with charities around the globe. The most popular NFT collection, Gator Gang, depicts a variety of cartoony alligators. Apart from knowing that your investment goes to a good cause, as an NFT holder, you also get access to VIP groups where you can meet other members, find new business opportunities, and much more.
The second premium NFT collection shows people how their money can positively impact society. Premium NFT holders can stake their NFTs to earn ELONGATE tokens, and they can also get a physical copy of the NFT they can hang on their office walls.
Elongate's native token, ELONGATE, is the platform's utility token. It's built on top of the Binance Smart Chain, which means it's a BEP token. BSC tokens are generally not very popular among investors due to the high 10% transaction fee. That said, half of the fee is divided among token holders as passive income, while the other half is used to improve liquidity.
The whitepaper also says that a 5% fee of all newly accumulated LP tokens in one week is appropriated to other initiatives to help drive the project to its goals. In addition, the Elongate community gets to vote about the following charities that will receive donations, which is a nice touch.
You can see a list of the charities supported by the project on the official website. Some names are the National Kidney Foundation, Children International, Malala Fund, the Covid relief fund in the Philipines, and many others.
Elongate was dormant for months until May 2022. Then, the token went on a sudden bull run after Elon Musk mentioned it in a Tweet. Namely, Elon was accused of sexually harassing an air hostess on one of his flights, so he paid her $250,000 in cash to prevent the issue from going to court.
However, even though Musk denied the allegations, the so-called scandal was dubbed "Elongate" by Twitter users. The name was a derivative from Elon's name and the biggest scandal in US history – Watergate. Together, the two words became Elongate, which shares its name with the cryptocurrency.
The sudden spread of awareness about the Elongate token resulted in an unexpected bull run for the ELONGATE token. It gained almost 90% a week after Elon's tweet but has since dropped to its $0.0000001 standard value. It was popular only for a few weeks, as experienced crypto traders already know that digital assets tend to grow every time Elon Musk mentioned them on the internet. Just think of Dogecoin, Shiba Inu, and other meme tokens that saw a massive increase in value after Elon Musk advertised them online. However, Elongate wasn't as lucky, so it lost all gains as quickly as it got them.
The two cryptos can't even compare when it comes to token utilization and use cases. Tamadoge is a much more elaborate blockchain project featuring a metaverse, a built-in NFT store, and more features planned for the future. On the other hand, Elongate's effort to help struggling communities worldwide gives it a humanitarian goal. Still, the lack of use cases and the fact that it's built on BSC give it limited application.
Tamadoge will reach much higher prices in the future, and it's already priced at $0.01 in presale. That's a price limit Elongate can only dream about, and if the project doesn't introduce new, trendy features, it will become just another shitcoin no one wants to use or trade.
If we look at both blockchain projects objectively, Elongate can't come close to Tamadoge. As a BEP token, it can't appear on CEX listings, so it's not only lacking use cases, but it's also lacking awareness. On the other hand, Tamadoge is made according to the best industry practices and is destined to become the best meme coin on the markets.
Tamadoge is definitely looking like a better investment out of the two cryptos. If you purchase TAMA tokens before October, you will become one of the early investors, getting a chance to enjoy 100x gains by the end of 2023.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
