Tamadoge (TAMA) At 20% of Baby Doge Coin, Dogelon Mars Market Cap

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Currently, Tamadoge is one of the most popular and trending cryptocurrencies. After a very successful pre-sale worth 19 million dollars, Tamadoge was able to attain exponential growth after getting listed on multiple exchanges.

Tamadoge was listed on OKX exchange, after which its value skyrocketed, reaching beyond 150% of the initial listing price.

Additionally, the Tamadoge Twitter team announced on September 30th that TAMA will also be available on MEXC 5th October.

https://twitter.com/Tamadogecoin/status/1576678469915885568?s=20&t=abvmhKroR0uoHQkmHEwHMQ

Availability of Tokens on Bitmart and LBank will likewise be ensured. It was also because of the popularity of the token that it finally managed to rank number one on StockTwits (A social media platform where people who are investors, traders, and entrepreneurs come together in order to share their views).

According to their roadmap, the Tamadoge team is also gearing up to launch its planned NFT program this week. With the new Tamadoge Petstore, which will be made available as a part of the game, players will be able to get access to a wide selection of cosmetic items and cosmetics that will allow them to raise their dog, train it, take care of it, and increase its overall value after launch.

There is a lot of buzz in the crypto community regarding TAMA, and many people consider it better than other memecoins which have failed to keep up the buzz due to their lack of uniqueness, utility, and practical application.

Baby Doge Coin (BabyDoge): Where it Was and Where it Stands Now?

Baby Doge Coin was launched on June 1, 2021 with developers promoting as per their website, “Baby Doge seeks to impress his father by showing his significantly improved transaction speed and adorableness.”

Baby Doge Coin is a hyper-deflationary token that means coin has been programmed to short its supply by destroying coins to limit its tokens in circulation by sending coins to a public wallet which can’t be accessed. Additionally, Baby Doge Coin limited its supply by including coins each time a transaction is made on a holder’s wallet. Some coins were added to a decentralized exchange as a part of a liquidity pair.

Charitable partners of Baby Doge also received over $750,000, including names like Paws with cause, ASPCA and The Humane Society. Baby Doge has a maximum supply of 420 quadrillion coins, of which there are currently 115.114 quadrillion in circulation. According to a tweet by the developers on August 1, 1 quadrillion coins were burned worth $1.3 million. By now, the burned coins have accounted for 46% of the total initial supply.

The remaining tokens stand at 231.942 quadrillion, representing 54% of the total supply. As of 3rd October, one Baby Doge coin has a conversion rate of $0.000000001274 with Market Cap of $146,888,073.02 and a market rank of #232 on CoinMarketCap. As it is clearly visible, the price is not very promising and is worth nothing compared to the hype it initially generated.

What is Dogelon Mars (ELON)?

Dogelon was created on 23rd April 2021, and on the very same day, half of the supply was transferred to Vitalik Buterin, the creator of Ethereum, in order to be burned by destroying the wallet keys. Another half of the currency was locked on Uniswap to make the currency as fair as possible.

Unlike other Doge coins, Dogelon has its own comic strip. The first edition takes place on Mars. The Dogelon comic also serves as a means of keeping the public interested. The highest bid received for Dogelon Comic is $27,000. Dogecoin also claims to be the first interplanetary cryptocurrency and says reaching the moon is a shallow goal. Instead, it plans to reach Mars and beyond.

As of 3rd October, one ELON stands at $0.0000002508 with a current Market Cap (Current price x Circulating Supply) at $137,225,409. Dogelon also boasts a Rank #159 on CoinMarketCap.

Why Dogelon and Baby Doge Coin are Going Down?

As we discussed earlier, both coins are trading at meager prices, which are even below the initial listing prices. In contrast to the extraordinary growth that both coins experienced in their first quarter which was more than 3x.

In 2022, after the United States federal bank started to increase the interest, which decreased the total fund influx in the crypto market, which is among the multiple reasons why both Dogelon and Baby Doge Coin had very little positive growth.

Another reason for this disastrous fall can also be credited to a lack of sound projects and rough execution, which became a hype killer among the doge community. Lack of Utility makes a cryptocurrency more vulnerable to the Ups and Downs of the market, resulting in unpredictable volatility.

Dogelon and Baby Doge Coin vs Tamadoge

While recent times have came out to be hard for both Dogelon and Baby Doge Coin resulting in major market cap loss in a year. Contrary to those, Tamadoge is not only able to bring new investors but also retain them and has managed to hold a market cap of more than $67 million in less than year.

Anyone who has TAMA currency, has access to Tamadoge’s own metaverse known as Tamaverse, which is based on a proven concept of 1990s virtual pet toys. Tamacoin is deflationary crypto which means it limits its supply by taking multiple measures like sending tokens to wallets with unknown access keys. For every transaction that takes place using TAMA, 5% is deducted as a form of tax which is burnt to keep the price of currency stable.

These volatility prevention measures put in place to prevent investors from incurring huge losses have helped TAMA earn a reputation of being investor friendly. As mentioned earlier, investors can buy Tamadoge on OKX exchange, and worldwide investors who aren’t able to buy on the CEX version can do so from the DEX version of OKX.

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