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Tamadoge (TAMA), a play-to-earn meme coin, recorded a nearly 30% price increase over the past 24 hours. The meme coin has surpassed the likes of Shiba Inu and DOGE in price performance, with over 67% rallies in the last seven days.
TAMA bucked the ongoing market-wide downturn that has suppressed Bitcoin and Ethereum prices with massive rallies over the last day. Over the past two weeks, TAMA’s price has surged nearly 80%, with a 52% 30-day price increase.
These impressive movements come amid anticipations for its top-tier exchange listing on April 27. Per the announcement, the Tamadoge team will reveal which top crypto exchange is listing the meme coin on April 24, five days today.
However, the project team hinted at one of the top five crypto exchanges. Due to heightened anticipation, TAMA’s trading volume has skyrocketed by 197.57% over the past 24 hours.
What is Tamadoge (TAMA)?
Tamadoge (TAMA) is a meme coin project that launched its presale on September 2022. TAMA aims to surpass DOGE and SHIB to become the number one meme coin with its play-2-earn system.
It combines metaverse gaming and NFTs trading with virtual pets, allowing users to earn tokens, monitor their development, and compete with other players.
TAMA emanated from the Tamaverse project, where players compete for crypto prizes by creating, buying, breeding, and interacting with pets in the metaverse. These virtual pets are non-fungible tokens (NFTs) whose values are tradable in the NFT store.
The TAMA token powers all activities on the Tamadoge network, allowing pet purchases in the NFT store and running transactions with other users.
TAMA is listed in OKX, Deepcoin, Bitget, Bitmart, Uniswap, LBANK, MEXC, and BKEX and targets the top five crypto exchanges. The best time to buy TAMA and enjoy massive rewards is now, as the upcoming exchange listing will increase the meme coin’s availability and probably its price.
TAMA Hit All-Time High After Breaking Above $0.0193 Resistance, 900% Gain Inview
According to data from CoinMarketCap, TAMA crossed the $0.193 resistance level on February 2, 2023. That made the token mark a new three-month high since November 2022.
Though TAMA’s price movement follows a considerable pattern in overall crypto market trends, some significant climbs remain prominent. TAMA’s price action over the past seven days indicated almost a surge of 69%. Currently trading at $0.01902, the meme coin has a daily gain of over 25%.
Besides its outstanding price reclaims, Tamadoge has rolled out several products that would boost its 900% gain in the future. With its latest launch of Tama Run, the meme coin now has five arcade games on its platform.
Also, Tamadoge will disclose several tier 1 exchange listings soon. Its first announcement will come on April 24 and could trigger a 900% surge as more people rush to own the coin before listing.
Tamadoge Outpaces Decentraland and Sandbox in Unique Monthly Players
With the massive interest in meme coins and the growing wave of Play-to-Earn crypto tokens, Tamadoge is repositioning in the industry. TAMA has meteorically risen with an impressive price rally because it attracted more investors’ attention.
According to Tamadoge’s Twitter page, the platform has up to 22,000 unique monthly players for its arcade games. That exceeds several other Web3 gaming communities like Decentraland and Sandbox.
Data from DappRadar revealed that Decentraland, with a market cap of $1.2 billion, has had 4.550 unique active wallets in the past 30 days. On its part, Sandbox had 6.730 Unique Active Wallets in the past 30 days despite a market cap of $1 billion.
Tamadoge (TAMA) Bucks Market-wide Downturn while Top Coins Surrenders Gains
Tamadoge gained over 25% in its price in the last 24 hours as the general crypto market bleeds. The top twenty cryptocurrencies are currently undergoing a price decline.
Bitcoin has dropped below the $30,000 price range as the bears take charge of the market. Therefore, it is safe to say that TAMA’s current price does not correlate with the top cryptocurrencies.
TAMA’s trading volume is up by over 193% today, which signals tremendous trading activity. Its price increase from $0.01168 on April 13 to $0.01905 in less than a week is remarkable.
Also, it represents an exponential return on investment for early investors in its presale last year.
Closely Watched Indicators Confirm Incoming Bullish Rally For TAMA
Some crypto traders use various technical indicators to predict a coin’s price movement and market data. TAMA token has attracted the attention of investors because several indicators suggest a potential bullish rally for the token.
A few technical indicators below can provide valuable information so you don’t miss TAMA’s coming bullish rally.
Relative Strength Index Indicator
Relative strength index (RSI) analysis shows a reading of 73 (purple line), higher than the supposedly overbought level of 70.
The RSI has a reading above 70, indicating that the market has reached an overbought condition, which suggests that TAMA may be due for a market correction.
However, the trend can continue due to upcoming bullish news, momentum, and future development.
Moving Average Convergence Divergence
Professional traders and investors frequently utilize the MACD indicator to spot possible trend reversals, momentum shifts, and market entry or exit opportunities.
The MACD indicator is often shown as a histogram on a price chart and comprises two lines: the MACD line and the signal line.
The MACD line helps traders to analyze the short-term price momentum and trends, while the signal line smooths out the MACD line and presents potential buy/sell signals.
The MaCD is signifying a potential buy signal as the MACD line is currently above the signal line.
When reading MACD signals in cryptocurrency trading, one must watch out for the MACD indicator’s limits and consider additional elements. These elements include market circumstances, news events, and general market sentiment.
Tamadoge (TAMA) Price Outlook
TAMA is in an uptrend today, posting its second consecutive green candle as the bulls continue to drive its rally. It is in the upper region of the Donchian channel, reflecting the bullish sentiment on the chart today.
Also, William’s Fractals on the daily chart confirm the bullish trend as a bullish fractal has formed. It means that the asset price could witness further increase ahead.
The Stochastic Oscillator is at 71.00, indicating that TAMA is in the upper region of the trading range. However, TAMA is not yet at 80, the overbought region. So it will likely see a further price increase. Also, the moving average is at 75.21 and converges with the Oscillator.
TAMA is bullish on the chart today. Its technical indicators confirm that it is not yet in the overbought region. Therefore it still has the potential to rise. Expect an increase to $0.020 in the coming days if the bulls persist.
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