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The cryptocurrency market has been crawling out of rather rough patch for the most of 2022. In the light of such a rough market, its best to invest in cryptocurrencies which are priced low and have a lot of potential. Some of the most popular Memecoins like Dogecoin and Shiba Inu have fallen approximately 90% from their all-time highs and have been trading outside the top 10 by market size for months in 2022.
The introduction of Dogecoin in the early days of Bitcoin served as a catalyst for the production of further similar currencies later on in the market’s history.
While the new initiative Tamadoge is gaining traction, the formerly popular Vita Inu, which promised ultra-fast transactions and minimal energy use, has slowed down.
More on Vita Inu’s Price Fall
According to CoinMarketCap’s statistics from yesterday, the value of Vita Inu has dropped by 15% in just 24 hours. Meme coin has been one of the worst performers over the past week, while the rest of the cryptocurrency market has steadied. The bears that had been in charge of the market the previous week have been mostly pushed aside after Bitcoin’s comeback over $22,000 on Monday.
After suffering a precipitous drop in value over the course of the previous day, Vita Inu was last seen trading at $0.00000002712 at the time this article was written. Vita Inu is one of the most successful low cap cryptocurrencies in the market, with a market capitalization of around $9 million; nevertheless, the price drop may continue if the selling pressure in the market persists.
Like other meme currencies, Vita Inu has a massive supply, extreme volatility, and no practical use outside its high transaction speeds.
Given that Vita Inu has a relatively low market value, there is a possibility that it may experience large price increases in the not too distant future. However, the profits can be assured only in the event that there is sufficient usefulness and a sufficient amount of fascinating changes taking place in the community.
Value-adding protocol improvements are something the Vita Inu community is looking forward to. If this is done when there is a bear market, it will demonstrate that the team behind the meme currency is concerned about the development of the community as well as the fundamentals of the project.
It is possible that Vita Inu will do well if investors wait until the next crypto bull market. On the other hand, the crypto winter that has been going on for the better part of 2022 may continue, and Vita Inu may keep moving in a downward direction.
Tamadoge: You’re Best Bet In 2022
While there have been declines in the value of meme currencies so far in 2018, some, such as Tamadoge, have the potential to reach new all-time highs (TAMA). The flaws that have been exhibited by prior meme currencies inspired the creation of a new meme coin called Tamadoge.
One of the distinctive aspects of Tamadoge is that it has undergone some fascinating advancements recently. These innovations keep the community on its toes as they await the next significant thing that will be introduced by the development team.
In addition, the fact that Tamadoge has ventured into the world of crypto games gives it a competitive advantage over other meme currencies, which are plagued by extreme volatility due to their lack of utility.
More on Tamadoge
The Tamaverse was a blockchain gaming Metaverse that was made available through the Tamadoge ecosystem. The players can compete against one another in this virtual world using their Tamadoge pets as weapons, and if they win, they will be rewarded with TAMA tokens. This virtual world is called Tamadoge World.
Tamadoge is establishing a strong place for itself by participating in the Metaverse gaming community as well as the buzzing community around meme coins. The expansion of these two groups has been a driving force behind the rise in popularity of Tamadoge despite the fact that it is a relatively young coin.
The TAMA token is currently participating in a presale that has already made history as one of the best presales of this year – $15 million has already been raised in just a little over a month since the process began. This places the TAMA token firmly in the running for the title of best presale of this year.
There is only one more phase remaining before the presale is over, and the tokens that are still available for purchase are selling out very rapidly. Due to the high level of interest that TAMA has received in the little amount of time that it has been available on the market, it is possible that the presale may be completed quicker than originally planned.
TAMA also offers sound tokenomics, which has the potential to drive the token price to new heights. The entire quantity of TAMA coins is just 2 billion, which contributes to the asset’s potential for growth. In addition, there will be a presale of 1 billion tokens, the majority of which have already been purchased. This presale will take place later.
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