Bitcoin Slides as U.S. Inflation Exceeds Estimates. Tamadoge PreSale Sustains Momentum
|While Inflation fell, it was much higher than expected hurting most cryptocurrencies. In the meanwhile, the Tamadoge PreSale continues to perform quite well|
The latest Consumer Price Index print has revealed that U.S. Inflation exceeded estimates, hitting 8.3% in august 2022.
Earlier estimates expected August inflation to be at 8.1%. As soon as the news broke, the market reacted with a knee-jerk reaction, sending Bitcoin, Ethereum, and other cryptocurrencies tumbling down. As panic spreads, investors are turning towards cryptocurrencies unaffected by the inflation news, with Tamadoge being the most obvious choice.
Tamadoge is Breaking Records During the Presale Phase
The current Tamadoge public presale is performing quite well. For this tranche, the goal is set at $16 million and already TAMA tokens worth $15.6 million are sold. To celebrate the success of the presale, the Tamadoge team has announced that one lucky person will win $100k worth of TAMA. The contest has already started, with thousands applying in hours. As the news of this amazing prize spreads, the number will grow exponentially.
All the largest crypto publications have featured the Tamadoge project in the last month since the presale started. The incredible success the project enjoys can be attributed to an excellent idea and flawless execution.
The Secret of Tamadoge’s Success
While the Play to Earn (P2E) concept isn’t anything new, it can be said that Tamadoge has managed to elevate it to a whole new level.
- Players are tasked with minting, feeding, and training digital pets, called Tamadoge
- Older players will immediately spot an homage to the legendary Tamagotchi game many of us played.
- Tamadoges can be pitted in battles against other pets and each win and advance on the leaderboard will earn Dogepoints for their owners. Dogepoints can be exchanged for TAMA and ether spent on further upgrades and new pets or cashed in.
- Unlike other meme coins using the popular Doge theme, TAMA comes with a utility that sets it apart from tokens like Dogecoin or Shiba Inu.
The Future of Tamadoge
The creators of Tamadoge have laid out a fairly ambitious roadmap for the project.
Q4 2022: The end of the public presale
CEX listing will follow immediately
Q1 2023: Partnerships with Metaverse organizations
Q2 2023: Listing in all major exchanges
Q3 2023: Tamadoge P2E Arcade
That leaves very little time and very few tokens left to claim, as the presale draws down. Out of one billion TAMA allocated for presale, only a fraction remains, which will be sold out in the finale, the ninth tranche. Once those are gone, the only way to get TAMA will be to buy it on the open market probably at a higher price.
Prices during the earlier presale stages clearly demonstrate how TAMA price is going up. In the first tranche, you could get 100 TAMA for 1 USDT. In the final stage, the price will be only 33.33 TAMA for 1 USDT. If the trend continues, by the time TAMA hits crypto exchanges, the price is likely to rise further.
For Q1 2023, the team has planned extensive partnerships with various metaverse organizations and more CEX listings, in preparation for the launch of Tamaverse, a metaverse-like space that will serve to connect players and their digital pets. The emphasis in Tamaverse will be on building a strong community of like-minded players that enjoys a casual playing style and strongly support the project. By Q2 2023, the aim is to have TAMA listed on all major exchanges.
Plans for a mobile app are also in the works, allowing players to have 24/7 access to their pets. This will greatly reduce the risk of Tamadoges being neglected and left hungry or without water.
In Q3 2023, the Tamadoge team plans to launch the Tamadoge P2E arcade, where various P2E titles will be hosted. This will ensure the longevity of Tamaverse, as the popularity of the P2E concept continues to soar.
Is Tamadoge Resistant to Inflation?
The higher-than-expected U.S inflation will affect every market in the world, not only financial ones, as proven by the Bitcoin slide. That being said, cryptocurrencies that have a strong utility and are a part of projects that aren’t directly tied to market speculation will have a much easier time weathering this storm. Tamadoge happens to meet both of these criteria and therefore could sail through much better than most cryptocurrencies.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.