For $963 million, Tesla sold BTC. The company revealed in February last year that it had spent $1.5 billion to buy cryptocurrency and would soon accept bitcoin as a payment method for its automobiles.
With this statement, the cryptocurrency market went into a frenzy, driving up the prices of many cryptocurrencies, Musk chief Indeed, art.
Tesla nevertheless flipped its jacket on Bitcoin, citing the energy costs associated with Bitcoin mining. Thus, the company is at least partially abandoning Bitcoin.
However, we believe it is the fall of Bitcoin that is the source of this liquidation. According to the group, they will be willing to increase their bitcoin holdings in the future. Therefore, the sale of BTC should not be interpreted as a bad judgment against the first crypto.
Yet Tesla continues to support another cryptocurrency accepted in its online store: Dogecoin.
Dogecoin could become more widely adopted with the support of Elon Musk and Tesla. Especially since cryptocurrency is now looking for a utility. The Dogechain Dogecoin is a level 2 chain based on the blockchain. It allows the launch of non-fungible tokens (NFT), decentralized applications (dapps) and games.
Investors who own Dogecoins will no longer need to frequently convert to other cryptocurrencies like Bitcoin and Ethereum to transact on the crypto platform thanks to this new chain that will offer several in-house functionalities.
For this ecosystem, developers will be able to create projects with practical applications in everyday life.
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Tamadoge is another memecoin similar to Dogecoin that wants to develop in parallel. While Dogecoin is trying to find a use for itself after almost 10 years of existence. Tamadoge will be a utility token natively!
TAMA is the main token in the future metaverse of the play-to-earn game Tamadoge. The latter highlights the dog NFTs that players can obtain and improve by participating in the challenge. Then they play, the higher the value of their NFT. They can then sell them at a profit on an NFT marketplace
Tamadoge will therefore work like other popular games like Axie Infinity. But it is much more interesting now, because its trading has not started yet. And when it does, its value will undoubtedly increase manifold.
Tamadoge price predictions in 2023 range between x10 and x100. You can buy TAMA tokens On the official Tamadoge website.