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Stargate Finance recently crossed the $1 level, peaking at $1.12 and hovering around $0.78 since yesterday. STG followed a parabolic trajectory last week as well, where it soared more than 100% when compared to the price level on the 18th.
With a current market cap of over $110 million, the price has recovered almost entirely from its lows a week prior. As bridging tokens become more common, Stargate Finance is leading the initiative by becoming one of the fastest growing cryptocurrencies solving many problems that bridges are known to present.
Although the project is relatively small in the decentralized finance space, it enables people to bundle up all existing DeFi applications seamlessly. It’s the only bridge project solving the three major problems bridges face. These include and are related to instant guaranteed finality, unified liquidity, and native assets.
The network enables easy transfer of native assets across chains with instant guaranteed finality and has a total value locked of more than $650 million as per the official website. Among these, Ethereum and Avalanche account for roughly half the value, totalling about $338 million.
In the initial days of its operation, the project received around $2 billion in funding from investors and venture capitalists. Consequently, this gave rise to speculative participation from other investors as everyone found the technology presented quite appealing.
About the Project
Stargate Finance is a liquidity transfer protocol, wherein users can transfer native tokens across blockchains while accessing the protocol’s liquidity pool. STG is the native token of the project and can be used for staking as well as governance of the network.
Multiple trading pairs, including STG/BTC, STG/BUSD, and STG/USDT were allowed to trade on Binance, on August 19. Which contributed considerably to the spike in the price of the token.
STG: Price Prediction
Stargate was making a sideward movement for quite a while now before this recent news skyrocketed the price. In less than a week, the price of the token more than doubled and consequently settled for roughly the same increment. On the safe side, it’s fair to expect the coin to make gradual gains, scoring $1.5 in 2025 and $3.51 in 2030. Unless any similar news spikes the price once again.
However, as an investor, it’s wise to base your investments on realistic speculations, and only invest if the coin shows a fundamental promise and a fathomable trajectory. If you’re looking for investments with potentially outsized returns, then you should check out Tamadoge.
Is Tamadoge The Next Big Meme Coin?
As we all know, the crypto community loves meme coins. Especially in the last couple of years, they’ve seen great heights. But recently, the chatter around meme coins is starting to become dull, or rather infrequent. And there’s a reason for this.
Most meme coins barely provide any utility to these users and have almost no fundamental backing to justify their valuations. Dogecoin and Shiba Inu are two popular meme coins that exhibit the same characteristics. The industry needs a meme coin that brings something valuable to the table and isn’t just a plain joke.
Enter, Tamadoge. Tamadoge is a new-age meme coin making its way in the play-to-earn crypto games space. Allowing users to earn rewards with their skilled gameplay.
In this game, users can mint, breed and look after their Tamadoge pets, until they’re adults who can enter battles and compete against other pets. By winning these battles, Tamadoge owners will be rewarded with Dogepoints, which will allow them to climb the leaderboard. Further, at the end of each month, those with the highest number of tokens will be rewarded TAMA, the official token of the Tama ecosystem.
With these rewards, users can purchase items for their pets from the store, and help them level up. Users can also acquire a new pet as they wish.
If you’re looking for credible investment opportunities, Tamadoge is worth consideration. The presale for the token is currently live and they’ve raised over $9 million so far. 40% of the tokens are still available, which can be purchased on their official website.
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