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Tamadoge (TAMA) will list on the OKX exchange on September 27 at 11:00 UTC and aims to combine the investor appeal of meme coins like SHIB and DOGE with P2E play, incorporating metaverse and move-to-win mechanics. Best new episode list to watch this week?
The new TAMA crypto is fighting app Tamadoge’s in-game currency and reward token, which is used to create virtual pets tokenized as NFTs and earned by players in its ecosystem. This week, Capital.com reviewed the Tamadoge project – another indicator that its initial exchange offering (IEO) may perform well.
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Announcing the new OKX parts list
Tamadoge raised 19 million USDT on its token Presley in less than two months from July 25 to September 18, attracting a high level of investor interest despite the downward trend in crypto prices – Bitcoin and Ethereum are still trading below $20,000 and $1,500 this week.
This strong demand engulfed most crypto presales, private sales or initial coin offerings (ICOs) in 2021 or 2022 – for example, the STEPN (GMT) token sale brought in only 9.2 million, including crypto-VC investments such as Binance Labs, Alameda Research , Sequoia Capital and other big names.
CNBC’s coverage of the 15 million USDT point helped push funding for the new crypto token’s seed round to the finish line a month ahead of Tamadoge’s roadmap. Yahoo Finance promoted TAMA from 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 acquire a crypto asset, a currency and a metaverse coming and going. Earn features.
GMT reached its peak live market cap of $2.5 billion – $4.18 with a supply of 600 million (10% of its total supply, 6 billion). Its ICO price was $0.64 and its bull run took place when the price of Bitcoin was on a downward trend – from early March to late April 2022.
Tamadoge will launch with a supply of 1 billion (50% of its total supply), at a listing price of $0.03 – an initial market cap of $30 million. Reaching the same market cap as STEPN eight weeks after launch means a TAMA price target of $2.50, an 83.3x gain.
Today, since its correction, GMT’s market cap is just $380 million – which would hit $0.38 per TAMA token, a 12.6x gain from its listing.
Unlike GMT, TAMA is inflationary with built-in token burn in Tamadoge Store transactions – when players buy their Tamadoge NFT pet accessories or dog food. A high percentage of token supply in its IEOs may also help support the unlocked price.
Tamadoge also doesn’t have a costly barrier to entry like STEPN – in its M2E crypto game, players had to buy NFT sneakers. GMT’s explosive bull cycle occurred during a period when the floor price of NFT sneakers was around 12 Solana (SOL) – a testament to the popularity of apps that pay users in crypto.
Next is Shiba Inu
Shiba Inu first dropped after its Binance listing (May 2021, and its Coinbase listing in January) and reached a low of 0.00000510 USDT four months later in September.
It then exploded 17.3x to 0.00008854, mostly based on hype and FOMO – it has since retraced most of its bull run, now trading just above 0.00001. At press time, Shiba Inu prices have risen, but its market structure is still bearish – posting lower highs and lower lows.
Even after a nearly 90% correction from the top, Shiba Inu today has a market capitalization of $6.4 billion and a fully diluted valuation (FDV) of more than $7 billion. All with little use or incentive to retain SHIB.
Tamadoge could potentially be the next cryptocurrency to explode with its Doge aesthetic and more specific use cases, a game’s native currency for winning a crypto game – something Shiba Inu began exploring with the recent launch of its game Shiba Eternity P2E.
Next is Dogecoin
Dogecoin is up 10% today – but at the time of writing, its $0.06-$0.07 price range is about a 92% retracement from its historic high of $0.74 hit just before Elon Musk appeared on Saturday Night Live in May 2021.
Since launch, the total supply of Dogecoin has grown from 100 billion to around 133 billion – DOGE is an inflationary asset with infinite supply (no maximum supply). This aspect of its Tokenomics will contribute to its correction over the past 17 months.
Terra Classic (LUC) which has dominated the crypto news headlines in recent weeks for becoming an inflationary asset – the LUNC burn is in the news again this week, covered on the Binance blog – will raise awareness for many investors about the fact that inflationary cryptocurrency coins are a good investment.
One would expect Tamadoge to perform well after its initial stock market listing, given its deflationary tokenics.
Best New Crypto List on OKX
Tamadoge’s IEO on OKX – with more crypto exchange listings to follow – is another potential upside catalyst for TAMA being the best new cryptocurrency to invest in.
OKX has an exchange score of 6.1 on CoinMarketCap and a green rating – which CMC assigns to only the top 21 crypto exchanges.
This exchange platform score is based on several metrics, including an exchange’s reliability and security, 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 low scores and orange ratings on CMC.
The above video posted on the Tamadoge YouTube channel explains how to buy when Tamadoge is listed – OKX has a separate DEX for those who cannot use CEX.
Tamadoge will also have its initial DEX (IDO) offering on OKX on the same day six hours after the CEX listing (11:00 UTC) at 17:00 UTC.
In addition to Tamadoge potentially being the best new coin listing this month, new OKX signups have a chance to win a mystery box worth $10,000.