Is Acala Crypto a good investment?
If you want to buy a particular cryptocurrency, a good practice would be to find out as much as possible about that project before investing. Acala is one of the projects that requires such knowledge before you deposit your money. So is Acala crypto a good investment and what options do you now have in the market? Should you get TamaDoge instead? Find out in this article.
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What is Acala and why you should not miss the TamaDoge project?
Acala is a cross-chain DeFi network and liquidity hub built for Polkadot. It is a smart contract platform compatible with Ethereum and it consists of DeFi or a decentralized financial network and liquidity pool for Polkadot (DOT). The infrastructure includes a liquidity stake platform and a stablecoin network.
A stablecoin network serves as a building block for DeFi on Polkadot. This cross-chain protocol leverages the security of Polkadot’s relay chain and also enables users to value transactions across different parachains Polkadot connects. The native coin of Acala is the ACA token which is used to power the execution of smart contracts and allows users to vote on network development.
On the other hand, decentralization and democratization of the Acala network means that everyone can act and be part of it. This may seem ideal on paper, but it also leaves room for those who seek to defraud or steal the entire project. Until the security protocols are strong enough to prove that your investment will be safe, perhaps you should invest in other promising projects, such as TamaDoge.
According to many analyses, this meme coin is waiting for its own bull run to begin soon. The TAMA beta presale began on July 25, 2022, and is scheduled to end on September 2, 2022. However, more than $8 million has already been raised and more than 50% of the coins have already been sold. Therefore, if you are considering investing, do so immediately because there is a significant risk that the pre-sale will end earlier than expected.
Knowing more about Polkadot is essential for those interested in Acala
To explain what Acala is, we must first understand Polkadot. A Polkadot is an open source blockchain platform that provides interoperability and interconnection between blockchains. This platform allows different blockchains to securely exchange messages and transactions. It also allows transactions of data and other digital assets, as well as building DApps (decentralized applications). Polkadot has its own native coin, DOT, which plays a key role in maintaining and functioning the Polkadot network. The Polkadot is made of three types of blockchains, the relay chain, parachains and bridges.
While Polkadot may seem like an exciting new project that anticipates the future of Web3 and blockchains, it is still a new technology that is not yet ready to be tested in the real world. Nowadays, we can see that Acala token ACA and stable coin aUSD are declining, which has a lot to do with this coin’s ability to provide security and stability to investors. Perhaps the better option is to find new projects like TamaDoge and invest in them. TAMA meme coin has already proven to be safe from fraudulent activities and has great community support.
Why is TamaDoge the best new project to invest in 2022?
If you are looking for new projects that are most promising in the crypto market right now, then TamaDoge is the coin for you. A TamaDoge is a unique metaverse project where you can play a game and earn money. TamaDoge is also a meme coin that has enhanced features and uses cases that will beat even a Dogecoin. TamaDoge is a game where you can grow and play with your virtual pet and earn rewards in the form of TAMA tokens.
The entire project, unlike the Acala network, is secured and has an anti-carpet pulling mechanism controlled by smart contracts audited by Solid Proof and KYDs by Coinsniper. Ever since the presale of the TamaDoge coin was launched, the project raised over seven million dollars, and new investors are joining every day. You can follow news about this project and join the TamaDoge community on Twitter, Telegram and Discord.
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Here’s how to buy TamaDoge
To begin, make sure you have a wallet supported by Wallet Connect (such as MetaMask or Trust Wallet) installed in your browser. Buying through a desktop browser will give you a smoother buying experience. If you’re buying on mobile, we recommend using Trust Wallet and connecting via the built-in browser (just copy into the Trust Wallet browser).
Once your preferred wallet provider is ready, click “Connect Wallet” and select the appropriate option. For mobile wallet apps, select “Wallet Connect.” You will then have three options to buy with card, ETH or USDT. If you don’t have ETH or USDT, choose option 1 and buy ETH first. If you have enough ETH or USDT in your wallet, you can now buy TAMA by entering the amount you want (minimum 1000) and then click “Convert Eth.” Once the pre-sale has ended, you will be able to claim your TAMA tokens.
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Acala price reduction and security issues? Why is TamaDoge a better option?
Although the aUSD was designed to have the same value as the USD, we can see that this is not the case and that the price is actually lower. This is mostly due to the hacker attack on the Acala network in August 2022. The attack allowed the perpetrators to mint $3 billion worth of USD stablecoins, leading to an incredible drop in the coin’s value from $1.03 to $0.009 after the attack. The problem arose in Acala’s liquidity pools and the Honzon protocol. The attack occurred after Acala launched the iBTC/aUSD liquidity pool, where all contributors would be rewarded with ACA tokens and interlay (INTR).
However, soon after the pool was launched, error messages also started, where rewards were delivered in USD instead of ACA tokens. This attack was soon linked to 16 wallets and most of the coins were restored and burned after a community vote. This led to price stability, and the creators of the Acala network have announced that this misconfiguration in the protocol has been corrected.
TamaDoge has excellent safety protocols and is great for long-term investment
We already mentioned that TamaDoge has an anti-carpet pulling mechanism controlled by smart contracts audited by Solid Proof and KYDs by Coinsniper. But this coin has other security mechanisms, so you can be sure that once you invest in this project, you will be rewarded for years to come.
According to the whitepaper, there will be a limit of two billion TAMA tokens available. During the token creation event, one billion TAMA tokens will be in circulation, with 400,000,000 remaining de-mined and set aside for IPOs. Last but not least, 600 TAMA tokens will be available to run the Tamadoge long-term project over the course of ten years.
As you can see, not only will the price of this coin rise in the future as more coins are released, it is a safety measure for those looking to make long-term investments. If you buy TamaDoge on pre-sale today, you will most likely make a lot of profit in a bull run this coin is expected to have when it is listed on the exchange.
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TamaDoge Price predictions are promising
According to the TamaDoge price prediction analysis, this amazing meme coin will come from $0.03 when the presale ends. By the end of 2023, the price is set to be between $0.05 at the low and $0.10 at the high. By the end of 2030, the price of TAMA is predicted to reach $1.20, which you can agree is an excellent forecast for a ten-year period.
If you invest now and buy, let’s say, 1000 coins, you will spend $30, and if you keep those coins for the next ten years, the forecast is that you will have $1200 in TAMA coins. This is why missing out on pre-sales is always a waste, as you can buy a lot of coins and diversify your portfolio for very little money. And if we look at past market behavior and how other meme coins are behaving, we can expect even better results for TAMA than predicted.
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Should you invest in Acala Dollar or TamaDoge? TamaDoge is the clear winner
When it comes to investing in the crypto world, the best course of action is to have a variety of coins in your portfolio. But if you are looking for a crypto coin that will rise in price, then the best course of action is to buy TAMA. First, the aUSD is designed to be the same price as a USD, so essentially the value will never go much higher than the USD. On the other hand, investing in ACA tokens only has value if you plan to use the Acala network to make cheap transactions. In terms of value and long-term investment, there is no better coin than TAMA to invest in currently in the market.
The coin has a strong usage, you can use it to play games and buy NFTs in Tamaverse and it is now on pre-sale which means it’s lowest price ever. Once the pre-sale is over and the coin is released for trading, the value will only go up. The TamaDoge project has huge support from the community and many investors have already invested in this project, so there is no reason why you shouldn’t jump on the bandwagon as well.
