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Tamadoge (TAMA) will go public on the OKX exchange on September 27 at 11:00 UTC and aims to combine the investor appeal of meme coins such as SHIB and DOGE with P2E gaming, incorporating metaverse and move-to-win mechanics. Is it the best new parts list to watch this week?
The new cryptocurrency TAMA is the in-game currency and reward token of the Tamadoge fighting app, used to create tokenized virtual pets such as NFTs and earned by players in its ecosystem. This week, Capital.com looked at the Tamadoge project, another indicator of the good performance of its initial exchange offering (IEO).
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Announcement of the new OKX parts list
Tamadoge raised USDT 19 million in its token presale in less than two months, July 25 to September 18, attracting a high level of investor interest despite the downward trend in cryptocurrency prices: Bitcoin and Ethereum are still trading at below $ 20,000 and $ 1,500 this week.
This strong demand eclipsed most cryptocurrency presales, private sales, or initial coin offerings (ICOs) of 2021 or 2022, for example, the STEPN (GMT) token sale brought in just 9.2 million, which included investments in cryptocurrencies such as Binance Labs, Alameda Research, Sequoia Capital, and other big names.
CNBC’s coverage at the USDT 15 million point may also have helped push funding for the new crypto token seed to the milestone a month before Tamadoge’s roadmap. Yahoo Finance has also been promoting TAMA since its beta sale.
In crypto media, Tamadoge has made headlines on BeInCrypto, Bitcoinist, NewsBTC, The Cryptonomist, ZyCrypto, and others: TAMA combines the most popular sectors of cryptocurrency as a game to earn a crypto asset, coin and have a metaverse that comes and goes to gain functionality.
GMT at its peak reached a real-time market capitalization of $ 2.5 billion, peaking at $ 4.18 with an outstanding supply of 600 million (10% of its total supply, 6 billion). Its ICO price was $ 0.64 and its bullish run took place while Bitcoin’s price was on a downtrend, from the beginning of March to the end of April 2022.
Tamadoge will launch with an outstanding supply of 1 billion (50% of its total supply of 2 billion), at a listing price of $ 0.03, an initial market capitalization of $ 30 million. Achieving the same market cap that STEPN achieved eight weeks after launch would mean a TAMA price target of $ 2.50, an 83.3x gain.
Today, since its correction, GMT has a market cap of just over $ 380 million, which TAMA would reach at $ 0.38 per token, a 12.6x gain since its listing.
Unlike GMT, TAMA is deflationary with token burn built into Tamadoge store transactions, when players upgrade their Tamadoge NFT pets with accessories or purchase dog food. Having a higher percentage of its token supply unlocked at its IEO could also help support the price.
Tamadoge also doesn’t have an expensive barrier to entry like STEPN: in its crypto game M2E, players had to buy NFT sneakers. GMT’s explosive bullish cycle occurred during a time when NFT sneakers had a low price of around 12 Solana (SOL), testifying to the popularity of apps that pay users in cryptocurrencies.
The next Shiba Inu
Shiba Inu first fell after its listing on Binance (May 2021 and its Coinbase listing was in January) and hit a low of 0.00000510 USDT four months later in September.
It then exploded 17.3x to 0.00008854, mostly on the basis of hype and FOMO: it has since retraced most of its bullish run, now trading slightly above 0.00001. As of press time, the Shiba Inu’s price is up, but its market structure is still bearish, recording lower highs and lows.
Even after its roughly 90% correction from the top, Shiba Inu today has a market capitalization of $ 6.4 billion and a fully diluted valuation (FDV) of over $ 7 billion. All with little use or incentive to keep SHIB.
Tamadoge could potentially be the next cryptocurrency to explode with its Doge aesthetic and a more concrete use case, being a game’s native currency to win a crypto game, something Shiba Inu is starting to explore with the recent launch of its game Shiba Eternity P2E.
The next Dogecoin
Dogecoin’s price is up 10% today, but at the time of writing, its $ 0.06 to $ 0.07 price range is nearly a 92% retracement from its all-time high of $ 0.74. in May 2021, just before Elon Musk appeared on Saturday Night Live.
Since its launch, Dogecoin’s total supply has grown from 100 billion to almost 133 billion: DOGE is an inflationary asset with infinite supply (no maximum supply). This aspect of its tokenomics will have contributed to its correction over the past 17 months.
Terra Classic (LUC) which has dominated cryptocurrency stocks in recent weeks by becoming a deflationary asset – the LUNC Burn is back in the news this week, covered by the Binance blog – will have sensitized many investors that deflationary cryptocurrency coins are a better investment.
Tamadoge would also be expected to perform well after its initial public listing, due to its deflationary tokenomics.
The best new cryptocurrency list on OKX
Tamadoge having its IEO on OKX – with multiple cryptocurrency exchange lists to follow – is another potential upside catalyst for TAMA to be the best new cryptocurrency to invest in.
OKX has an exchange score of 6.1 on CoinMarketCap and a green rating, which CMC only assigns to the top 21 cryptocurrency exchanges.
This exchange platform score is based on a variety of metrics, including the reliability and safety of an exchange, its daily trading volume ($ 1.6 billion in the last 24 hours for OKX), and the number of cryptocurrencies listed.
Other big names like Bitmex, Delta Exchange, Phemex, Bittrex, Poloniex, and Bitmart have a lower score and an orange rating on CMC.
The video posted above on Tamadoge’s YouTube channel explains how to buy Tamadoge when it’s listed – OKX also has a separate DEX for those who can’t use its CEX.
Tamadoge will also have its initial DEX (IDO) offering on OKX on the same day six hours after CEX listing (11:00 UTC) at 17:00 UTC.
In addition to the fact that Tamadoge is potentially the best new coin quote this month, new OKX memberships have a chance to win a mystery box worth $ 10,000.