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Inflation is reaching new record highs all over the world. The situation is fueled by the many problems around the world. It started after the beginning of the Ukrainian conflict, but it kept snowballing due to the looming energy crisis, supply chain issues, and other worldwide problems.
The situation has pushed the Fed to raise interest rates, hoping to keep inflation to a steady 2%. But, of course, the recent rake hikes also impact crypto markets, forcing many investors from leading cryptos to promising new blockchain projects. For example, Tamadoge is the hottest new meme coin right now, raising over $13 million during the worst time for cryptos.
Bitcoin, Ethereum, and many other popular cryptos have lost over 70% of their value after the crypto crash in early 2022. The current situation puts even more pressure on the world's leading cryptocurrencies. The Fed plans on raising interest rates by 25 points every quarter until inflation is under control; the future of countless cryptos is very uncertain.
Tamadoge, on the other hand, hasn't gone live yet, so it's unaffected by the interest rate hikes at the moment. It's also showing massive growth potential in a climate where most other cryptos are struggling to survive. Tamadoge is the first meme coin set in a metaverse and built around play-to-earn mechanics. It also features a built-in NFT store, excellent tokenomics, and plenty of token rewards.
The project revolves around an exciting mobile game that puts users in a role of a digital pet trainer. Their main goal is to ensure that the pets are happy, healthy, and strong as they grow up. All pets double as NFTs, allowing players to buy, sell, and trade them. They need TAMA tokens to complete the transaction whenever they want to buy or sell an in-game item.
The tokens have a zero transaction fee protocol, a rare feature. Instead of funding the platform through taxes, Tamadoge uses 30% of the tokens used within a month for maintenance and marketing. The remaining 65% is sent to the prize pool and divided among active players.
Tamadoge is set to go live in late 2022, when the overall situation is expected to stabilize. The official token presale is still open, allowing you to get your TAMA tokens at a discount. After the platform goes live, the tokens will likely explode and become the highest gainers in 2022.
As mentioned above, the official Tamadoge token presale is months ahead of schedule. The original beta presale was supposed to raise $2.1 million by mid-October, but it reached the goal in less than two weeks. Tamodoge is now in a general presale that's also outperforming all expectations. The project has raised $13 million so far in less than five weeks, making it one of the market's most anticipated new cryptos.
The presale is open until all 1 billion tokens are sold. Only about 300 million tokens are left, so you still have time to buy your TAMA tokens at a discount. For example, 1USDT will get you 40 TAMA tokens, but the price will increase to 36.36 coins per 1USDT after another 10 million tokens are sold. So head to the official Tamadoge presale and secure a place among the early investors.
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.
The Fed's move to increase interest rates and kill demand is unlikely to fix the supply problems. The energy sector is particularly struggling, followed by logistics, commodities, and other markets. The issues are stacking up, and the Fed's approach will not provide a long-term fix.
The goal of the increasing interest rates is to bring inflation to a stable 2%. However, before that happens, millions of people will likely lose their jobs, leading to many other issues. The current actions will likely lead to a recession, forcing Fed to pivot the official interest rate policy. The approach is putting a lot of strain on the crypto markets, as higher interest rates harm developed economies, let alone those struggling to survive in the past.
The newly formed crypto climate could work in favor of scarce assets like Bitcoin, but even that is unlikely to bring the world's highest-ranked crypto back to the price levels before the crash. Instead, the situation forces millions of investors to move from Bitcoin and Ethereum to altcoins and new blockchain projects such as Tamadoge.
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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 risky, 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.
