Martin Lewis Bitcoin Price and Energy Price Predictions

by James · August 29, 2022

Just when it looked like Bitcoin would fully recover from the 2022 crypto crash, things got a lot more complicated. The crash occurred in early 2022, followed by the war in Ukraine, supply chain problems and the biggest energy crisis in modern history.

Most people think of digital currencies and blockchain networks as virtual assets used for trading. However, most people don’t know that blockchain networks like Bitcoin and Ethereum use huge amounts of energy to stay operational. Considering the rising energy prices worldwide, investors are flocking to more efficient altcoins like Tamadoge.

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Table of Contents

Bitcoin – The largest energy consumer in the Blockchain ecosystem

Bitcoin is the world’s leading cryptocurrency, considered the gold standard among digital currencies. There are 21 million tokens, most of which had to be mined before reaching the markets. As a result, millions of mining rigs appeared in countries all over the world, resulting in massive energy consumption over the years.

However, Bitcoin still uses around 127 terawatt-hours (TWh) of electricity each year. That is more power than Norway’s annual energy consumption. On average, Bitcoin uses 707 kWh of electricity per transaction, 11 times more than Ethereum. Also, ETH is in the process of upgrading its blockchain to a layer-2 platform, reducing existing energy consumption by 99.95%. As the platform moves from the proof-of-work to the proof-of-stake approach, it will reduce energy consumption to an absolute minimum.

Bitcoin has been around for over ten years and its underlying blockchain technology has become obsolete. Energy consumption was not a problem back in 2011, but today it has become one of the biggest challenges in modern history.

Energy prices are rising across the globe

It doesn’t matter where you look; energy prices are skyrocketing all over the world. Many third world countries are already facing blackouts and energy restrictions, while the developed countries are raising prices and working on plans to reduce energy consumption. According to Martin Lewis, one of the leading financial journalists in the UK, energy prices in the country could increase by as much as 80% over the next few months.

Martin spoke about his views on the whole situation on BBC Radio 4. He said: ‘I have been accused of catastrophizing about this situation. Well, the reason I have catastrophic is because this is a disaster, plain and simple. If we don’t get further government intervention on top of what was announced in May, lives will be lost this winter.’

Although it may not seem like it, there is a direct correlation between increased energy consumption and blockchain networks. If we summed up the energy consumption of all blockchains, we would get a huge amount of energy that will soon be needed elsewhere. Ethereum will fix the problem and prepare its services for a greener future, while Bitcoin still has a long way to go. If nothing changes soon, the world’s highest ranked cryptocurrency could lose all profitability. However, the newest meme coin project called Tamadoge was admitted as eco-friendly crypto from day one, which is why it is likely to flourish while many other cryptocurrencies are struggling to survive.

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Tamadoge – New Meme coin with minimal energy consumption

The era of high consumption blockchain networks is over. The developers behind the newest meme coin, Tamadoge, were well aware of what was going on with other blockchains, so they took a different approach from day one. The newest meme coin is not only pre-mined, meaning it doesn’t require additional energy to generate tokens, but is also deflationary.

There are a total of 2 billion TAMA tokens in circulation. Half is available in pre-sale, 45% is locked to provide liquidity, while 5% will be burned to reduce token supplies. Tamadoge is set in a metaverse and built around games to serve platformers. TAMA tokens serve as the platform’s utility token and are the first meme coins with real-world use cases. However, as players spend TAMA tokens in the Tamaverse, an additional 5% of all tokens spent will be burned monthly to reduce the token supply and drive higher prices.

In other words, Tamadoge will only reduce energy consumption over time, making it far more sustainable than Bitcoin and many other cryptos on the markets. The project is set to launch in late 2022, and since the pre-sale is still open until September 2nd, you still have a few days to become a part of the fastest growing meme coin project in history.

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TAMA Token pre-sale

You still have a few days to buy TAMA tokens if you want to become an early investor. The presale has been a huge success so far, as it sold over 80% of the 1 billion TAMA tokens a full month ahead of schedule. The tokens are now available for $0.04 and only 94 million coins remain.

The project raised $8,631,248 of its $10.7 million goal, so hurry to get your TAMA coins before it’s too late. If you spend at least $100, you can enter the official $100,000 TAMA token giveaway and if you’re lucky, become a millionaire after the presale ends.

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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