Tamadoge Price Prediction – TAMA Set to Retest $0.04 Level?

The crypto market has been slugging with a bearish performance since the start of this year. The sector’s market cap has come down by 50% since the start of this year, and investors are now on the lookout for new investment opportunities. This is where Tamadoge (TAMA) comes into the picture with its play-to-earn (P2E) earning opportunities. 

The price of this crypto has been treading on a bullish trend in the past couple of days, with TAMA being one of the top 10 gainers earlier today. Tamadoge (TAMA) recently hit the $0.03 mark, which many novices say consolidates the token’s uptrend in the upcoming days. Does this make Tamadoge (TAMA) worth your investment? Let’s find out!

More On Tamadoge (TAMA) Token

Tamadoge is a P2E platform where users can use Tamadoge (TAMA) tokens to buy, sell and trade Tamadoge pets. These pets are virtual dog-like creatures minted as NFTs that one can buy from the TAMA Store. They can then use these NFTs to compete with different platforms’ virtual characters and earn more Tamadoge (TAMA) tokens. 

Crypto investors are now on their toes with the long bearish performance of the market. But Tamadoge (TAMA) presents itself as an excellent opportunity to generate better returns with the play-to-earn (P2E) gaming model. 

Tamadoge (TAMA) has a maximum supply of two billion tokens, and one billion of those tokens were made available during the presale round. The remaining 30% of Tamadoge (TAMA) tokens were set aside for mining over 10 years, and the last 0% was set aside for the exchange pool. 

Read the official whitepaper for complete Tamadoge tokenomics.

It was in August 2022 when the Tamadoge presale went live at a price of $0.01, along with a presale target of raising $10 million. With one of the best crypto presales of the year, Tamadoge (TAMA) managed to sell out its beta presale hard cap targets of $2 million in a short span of 10 days. The development team took this opportunity to increase the presale targets to $19 million from $10 million.        

The Tamadoge presale leverages a unique price-increasing mechanism that keeps the prices on a bullish trajectory as more tokens are sold. Its presale was finally sold out on the 19th of September, with it realizing its target of raising $10 million.

The token is now trading at over $0.03, a three-times increase compared to its launch price of just $0.01. This comes as great news for all the early investors who can earn three times more returns on their investments. 

Following this development, the Tamadoge team took to the popular mini-blogging site Twitter to confirm that TAMA will now be listed on OKX. 

Tamadoge (TAMA) And The Future

Tamadoge intends to incorporate many new features into the platform in the coming days. Two of these notable elements are the increasing use of P2E arcades and augmented reality (AR). Most predictions are optimistic given the past performance of the Tamadoge (TAMA) in the market. 

Experts from some crypto publications suggest that there is a bullish sentiment around the token. They used eight technical indicators to finally give the green light to buy the Tamadoge (TAMA) token. Their predictions suggest the token’s price could increase by 289% by the end of this month. 

Long-term forecasts for the Tamadoge (TAMA) token are on an optimistic trajectory. Some data suggests Tamadoge (TAMA) will average at $0.14 this year and grow further to $0.46 in 2025. They further add that the token will attain a valuation of $3.48 by the decade’s end.      

Can the Recent Dogecoin Pump lift Tamadoge’s Price?

Tamadoge (TAMA) has quickly established itself as a worthy competitor of existing meme coins in the market. Hence it is fair to say that Tamadoge (TAMA) is now one of the competitors of Dogecoin, which further creates a correlation between the prices of both tokens. 

Elon’s recent takeover of the social media platform – Twitter — has had investors rally behind Dogecoin in hopes that Musk would once again tweet his admiration for Dogecoin. Such statements have pumped Dogecoin in the past and continue to do so. And since Tamadoge fashions itself as “a Play-to-Earn Dogecoin”, we might see the community’s positive reaction to Dogecoin funnel towards Tamadoge. Tamadoge’s recent uptick seems to suggest that.

It is similar to how Bitcoin’s uptrend raises the price of most altcoins. Dogecoin’s uptrend, too, might rally people behind memecoins. And Tamadoge, being one of the memecoins with utility behind it, might climb. However, it is also important to note that the crowd’s sentiments are often fickle, and thus, such massive rallies are followed by major retraces.

That being said, Tamadoge seems to have found support at $0.30 and might move up to test $0.34 next. $0.40 support is still two levels above according to Fibonacci Retracement levels, but the presence of four continuous green candles gives investors hope.

Bottom Line 

Investing in any crypto comes with certain risks and opportunities. But Tamadoge (TAMA) has been trading in a bullish trend since its presale, which is a good indicator. As an investor, you must consider all these factors and base your decision accordingly. So put this data to good use and make an informed investment decision.