Crypto Market Cap Below $1 Trillion; Bitcoin Down 8.4%, Ethereum Falls 6.39%

Crypto Market Cap Below $1 Trillion; Bitcoin Down 8.4%, Ethereum Falls 6.39%
Written By:
IndustryTrends
Published on
Updated on

The crypto market dipped below the $1 trillion mark once again on September 14. The markets are shrinking due to massive losses experienced by all cryptocurrencies in the past few weeks. The situation affects all crypto markets, including DeFI, meme coins, altcoins, etc.

The situation is becoming direr by the day, as the biggest energy crisis in history looms over the entire world. The perfect storm is brewing, pushing many investors to dump their tokens and move to new projects with high growth potential. Let's see the current situation and why thousands of investors flock to the latest meme coin, Tamadoge.

Crypto Markets on the Downturn

Cryptocurrency markets have been going through a rough patch since early 2022. The crypto crash that happened earlier this year was a significant blow to the entire industry, changing the rules of the game in the new financial environment. The crash wiped out over 65% of the global crypto market, leaving millions of investors moneyless.

The markets were supposed to recover by now, but the world fell under even more pressure in the past six months. The looming energy crisis, record inflation, and the FED's rate hikes have slowdown crypto market recovery completely, and if nothing changes, the trend could continue in the future.

Tamadoge – The Inflation-Resistant Crypto With Impressive Growth Potential

Tamadoge became the lifeline for thousands of investors looking for options with high growth potential. On the surface, it's just another meme coin like Dogecoin and Shiba Inu, but if you look at things up close, it quickly becomes apparent why Tamadoge is the hottest new cryptocurrency on the market.

Let's start from the beginning. Tamadoge is the first meme coin project in a metaverse with features such as a built-in NFT store, Play-to-Earn mechanics, and excellent token utilization. It's the next step in the meme coin ecosystem and is likely to change how we see the niche forever. The Tamadoge project aims to change all the issues surrounding meme coins, and it's about to make a grand entry into the markets. Since it's still in its earliest stages, you can only buy TAMA tokens on presale, but once the project goes live in late 2022, it is expected to outgrow everyone's expectations.

A Revolutionary New Meme Coin

The meme coin ecosystem was launched as a joke. Apart from cool dog-themed visuals, the tokens had no use whatsoever. That might have worked in the past, but as the markets keep changing, useless tokens are becoming obsolete. The people behind Tamadoge knew what was happening and decided to step things up a notch.

That's why the Tamadoge project is so popular. It's made according to the best industry practices in terms of design, usability, token utilization, security, and more. It's already KYC'd on CoinSniper, passed Solid Proof's security audit with flying colors, and all token presale phases ended weeks ahead of schedule. It looks like the safest investment in the crypto ecosystem this year.

TAMA Token Presale

The TAMA token beta presale went live on July 25 and was supposed to last until mid-October. However, the platform reached its goal of $2.1 million raised in less than two weeks! As a result, Tamadoge moved to the general presale two months ahead of schedule, raising another $14,5 million to a total of $16,7 million.

The presale is open, so you can still get your TAMA tokens at a discount. However, due to the massive number of new investors, you have only a few days before the entire 1 billion token supply is sold. If you deposit $100 or more, you can also enter the $100,000 TAMA token giveaway that will reward the luckiest investor. So head to the official Tamadoge presale and become a part of the most promising crypto project in years.

How to Buy TAMA?

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.

Crypto Markets on September 14

All cryptos have experienced losses in the past 24 hours. The entire market lost 6%, dropping below the $1 trillion mark. Bitcoin was affected the most after reporting smaller gains during the past few days. Today, Bitcoin fell back to the $20,400 level, signaling an uncertain future for the world's highest-ranked cryptocurrency. The same trend was followed by Ethereum, which dropped by 6.39%, Ripple lost 5.52%, and Cardano lost 4.79%. The same happened with all other popular tokens, except Terra Classic, which gained 11.80% during the same period.

Ethereum is about to go through with the long-awaited Merge, which will reduce overall network power consumption by 99.65%. If the Merge is successful, Ethereum will likely bounce back and could grow to over $3,000 in the next few months. However, all other cryptos will probably lose their ground over time, so many investors keep dumping popular cryptos and moving to emerging projects with high growth potential. The newest meme coin, Tamadoge, could become the savior everyone is waiting for. Judging from the hugely successful TAMA token presale, thousands of investors think that too.

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

                                                                                                       _____________                                             

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.

logo
Analytics Insight: Latest AI, Crypto, Tech News & Analysis
www.analyticsinsight.net