DOGE and SHIB lose their top crypto position – TAMA New King of Meme Coins
Dogecoin and Shiba Inu are the world’s most famous and traded meme coins. They were originally launched as a joke, but over time both reached the top 15 cryptos by market cap. Elon Musk played a significant role in the meme token growth. He mentioned both cryptos on his Twitter account, resulting in a significant increase in daily trading volume and value.
Dogecoin is currently ranked 10th, while Shiba Inu is the 12th highest ranked crypto in the markets. They held their spots for a long time, but both tokens will lose their top spots soon due to lack of utility and a growing new meme coin project called Tamadoge.
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SHIB and DOGE lose their top positions
SHIB and DOGE are rare tokens that have experienced growth in the last week or two. Bitcoin, Ethereum and many other altcoins are on the decline, while meme coins are growing steadily. Both meme tokens are still considered suitable investments, but they are likely to lose their positions among the top cryptocurrencies in the markets soon.
The lack of utility and features slows meme coin growth and threatens to put both projects out of business. For example, Polkadot is only $600 million behind DOGE in total market capitalization. However, unlike DOGE, Polkadot’s token DOT has much better utility. It is widely accepted as a payment option across a number of Polkadot projects, and many others are under development. Dogecoin reached the top 10 cryptos after Elon Musk accepted the token as payment for his companies. It might have worked a few years ago, but not anymore.
The Shiba Inu is also going through some massive changes at the moment. The meme coin project is making every effort to increase token utilization. Shiba Inu is currently working on its own metaverse called Shibaverse and a native token exchange called ShibaSwap. However, until these new features become available, SHIB will likely lose its place to DAI or the Polygon blockchain. DAI can increase capitalization as investors diversify their funds into smaller altcoins, and Polygon has been adopted by Disney for all future dApp creation and blockchain projects.
These issues are pushing the world’s most popular meme coins, but that’s not all. There is another meme coin project about to go live in the next few months. The project is called Tamadoge and will probably become the new King of Memes as soon as it is released.
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Tamadoge – The New King of Memes
There are a ton of meme coins in the markets, but they all share a common feature – poor token utilization. Well, the newest meme coin project, Tamadoge, aims to change that forever. Tamadoge is the first meme coin project set in a metaverse, with advanced features such as a built-in NFT store, mintable NFT pets, and Play-to-Earn mechanics.
The platform’s native token, called TAMA, is used for all transactions in the Tamaverse. It has a diminishing supply, as 5% of all tokens used will be burned at the end of each month. In other words, the first 2 billion tokens will start being burned from day one, helping to increase the value of the tokens. One billion tokens are available in the presale, while the rest are locked to provide liquidity.
Tamadoge is built around the play-to-earn mechanic, and as players win games and complete challenges, they earn Doge Points. The players with the most points at the end of each month are rewarded with TAMA coins. 65% of all TAMA tokens used in Tamaverse are sent to the prize pool and distributed back to token holders. As you can see, Tamadoge aims to raise the bar for all other meme coins on the market by adopting modern blockchain features and bringing the meme coin utility to a whole new level.
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Tamadoge Token Presale
The TAMA token pre-sale is still active until September 2nd. It was supposed to be open until mid-October, but things are going much better than expected. Tamadoge has already reached $2 million, but interest is still growing steadily. The tokens are currently available for $0.03 and their price will increase after every 100 million tokens sold.
You can still get TAMA tokens at a discount, and if you invest at least $100, you can participate in the $100,000 TAMA giveaway. TAMA tokens will likely gain at least 25% on release day, but most experts expect to see 100x gains or higher once the project goes live.
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How to buy TAMA?
Although the Tamadoge pre-sale started recently, investors around the world have already done their part to take advantage of this incredible investment opportunity.
Check out this guide if you want to join the Tamadoge community and potentially get rich by investing in Tamadoge. The step-by-step guide will explain each process in detail, so be sure to read it carefully.
Once you have completed all the steps, you will be a proud owner of your first Tamadoge token.
Step 1 – Create a crypto wallet
If you don’t already have one, you must first create a crypto wallet to purchase Tamadoge.
Most wallets are easy to create and are completely free. That said, we recommend going with MetaMask since it includes support for multiple chains.
Go to MetaMask’s official website, press “Download” and follow the instructions to set it up.
Step 2 – Buy ETH/USDT
You can only buy TAMA coins 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 buy ETH directly via credit/debit card on Tamadoge’s official presale platform.
After you buy ETH/USDT, you transfer tokens to your crypto wallet.
Step 3 – Connect Crypto Wallet to Tamadoge Presale Platform
Go to the official Tamadoge website and press “Buy”.
Then click on “Connect to wallet” and select your wallet provider. You will see a bunch of instructions pop up; follow them to complete the connection process.
Step 4 – Buy Tamadoge
Enter the exact number of TAMA coins you want to buy (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 Tokens
Finally, 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 when the pre-sale ends.
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