Tamadoge pumps 191% in 24 hours – Is this play-to-earn coin a good buy?

Tamadoge (TAMA) has gained by 191% during the past 24 hours. At the time of writing, TAMA was trading at $0.085463, according to CoinGecko. The coin’s trading volumes over the same period are also up by 190%.

TAMA pumps 191% in 24 hours

TAMA has been on a massive bullish trend over the past 24 hours. Bulls sent TAMA’s price soaring to $0.40 in the last 24 hours, but the bears fighting for control have led to the coin testing lower support levels.

During the past 24 hours, TAMA has traded between $0.022 and $0.040, indicating that volatility is on the higher side. TAMA’s trading volumes within the same period have surpassed $7 million, according to CoinMarketCap, representing a 190% increase within the same period.

TAMA is one of the newest low cap cryptos in the market. TAMA ranks 2679 with a market cap of $36 million. Despite being a new crypto, TAMA is already taking the crypto space by storm, having been listed on the OKX exchange on September 27.

Besides OKX, TAMA is also listed on the Uniswap decentralized exchange. Uniswap is one of the best DeFi exchanges, and TAMA’s listing there has opened the coin’s reach to a global investor base. TAMA is also listed on BitMart.

There are some new listings that investors should look out for that could also see TAMA pump over 10X due to the listing effect. On October 5, TAMA will be listed on the LBank exchange at 11 AM UTC and the MEXC Global exchange at 1 PM UTC.

TAMA’s daily chart

Different price indicators show that TAMA is on a bullish rally. The coin’s Relative Strength Index (RSI) stands at 51, indicating that buying pressure has been significantly high. The coin is yet to reach the overbought regions, showing that the momentum could be maintained for a while. Therefore, TAMA could break past $0.040 again before aiming for $0.050.

The other indicator pointing towards a bullish rally is the Moving Average Convergence Divergence (MACD). The MACD line is currently above the signal line, and TAMA could push higher. However, the MACD line shows the possibility of a trend reversal. If TAMA’s bull run weakens and profit takers start selling, the coin could drop towards lower levels of $0.030 before testing lower support at $0.024.

Exciting developments that could sustain TAMA’s bull run

Some exciting developments surrounding Tamadoge make the coin worth watching out for. Since Tamadoge is a new project, the team is committed to ensuring that the community learns more about the project to boost transparency. The head of growth at Tamadoge, Carl Dawkins, is holding an ask-me-anything session on October 14 at 8 AM UTC.

The first Tamadoge non-fungible token (NFT) drop is also happening in the coming days. Those who hold rare Tamadoge NFTs will have an advantage over the other players in the project’s soon-to-be-released play-to-earn crypto game.

While Tamadoge is a meme coin, it has distinguished itself by having better utility than its peers. On the Tamaverse, holders of Tamadoge pets, which will be represented as NFTs, can battle with the other players and earn rewards in TAMA. Tamadoge’s novel approach to integrating the meme coin and blockchain gaming sectors make it a coin to watch out for both the short and long term.

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