Meme Coins Losing Ground Except For this Coin Trending on CoinGecko

Meme coins had a notable rally last week. Dogecoin is up by around 97% in the last seven days after Elon Musk confirmed that he had completed his purchase of Twitter. Other meme coins followed suit, creating double-digit gains. However, the rally has cooled off, but Tamadoge, a new meme coin, has remained bullish.

Meme coin rally fades

One of the traits of meme coins is high volatility. Meme coins tend to report notable gains after a short while due to hype, but once this hype fades, the coins retrace and push lower. One reason for this movement is the lack of utility for most meme coins.

Dogecoin’s bull run is fading after the news of Musk’s Twitter purchase settles in. In the last 24 hours, DOGE has dropped by around 1%. Shiba Inu, the second-largest meme coin, has gained by around 1%, while Dogelon Mars has plunged 6% within the same time.

Amid the bullish rally cooling off, Tamadoge (TAMA) has set itself apart by gaining over 30% in the last 24 hours. Tamadoge is a meme coin with a unique approach, as its focus on the play-to-earn sector makes it one of the best utility tokens.

Tamadoge is one of the top 10 gainers on CoinGecko

Tamadoge is officially among the top ten largest gainers in the cryptocurrency market, according to Coingecko. TAMA was the second-largest gainer at the time of writing, after an over 31% gain in 24 hours.

In the last 24 hours, TAMA has traded between $0.0243 and $0.0314, indicating high volatility in the token. TAMA’s trading volumes over the past 24 hours are at over $6.33 million, representing an over 12% gain.

The Relative Strength Index of 76 proves that Tamadoge is currently enjoying immense buying pressure. If the current bullish sentiment is sustained, TAMA will likely push higher and break past $0.045. A sustained rally by buyers could also see TAMA rallying past $0.10.

A utility-packed meme coin

The trend happening with TAMA is different from what is seen in other meme coins. TAMA is outperforming other meme coins by focusing on giving users utility. This will be achieved through the Tamaverse.

The Tamaverse is a virtual world that allows play-to-earn players to use their Tamadoge non-fungible token (NFT) pets to battle with other players and receive rewards in TAMA as they climb up the leaderboard. Currently, Tamadoge NFTs are selling out on OpenSea, and they will be instrumental once Tamaverse goes live.

These altcoins could rally 10x

If you are considering investing in TAMA during the bull market, you might also consider investing in these presales.

The Dash 2 Trade presale has already kicked off and raised more than $3.5 million. Dash 2 Trade is a platform that will give crypto traders access to trading signals that will make them better traders. Investors seeking to acquire the signals will pay in D2T.

You might also consider investing in IMPT, a green crypto whose presale has raised more than $11.5 million. IMPT.io platform will allow individuals and brands to lower their carbon footprint and achieve a green future.

The Calvaria (RIA) presale is also happening right now. Calvaria is a play-to-earn gaming platform. However, unlike most blockchain gaming projects, Calvaria will support payments in both cryptocurrencies and fiat, making it ideal for players new to crypto. The RIA presale has raised more than 966,000 USDT.

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