Bitcoin’s price rallied back above $21,000 on Friday — after falling below $19,000 on Tuesday, which was its lowest point since June.
One reason bitcoin continues to see rallies within the broader downtrend is that every move down is immediately met with large orders of bitcoin mainly from large wallet addresses, which are likely to be institutional investors.
With major cryptos more volatile than ever, there are some new projects showing rapid growth and interest, such as TAMADOGE. Will these new coins replace BTC? No one can predict the future, so all we can do is sit and watch.
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5 events that will make the bitcoin price go up
There are five moonshot events that can turn the ship around:
● Approval of a spot Bitcoin ETF
● The Fed reverses course
● Large use of Bitcoin as legal tender
● Integration as a payment option by a large company
● China opens up the web
Approval of a Spot Bitcoin ETF
If a spot ETF were to be approved, it would render this longstanding objection moot and bring a new level of legitimacy to Bitcoin and the crypto-asset class as a whole.
This has the potential to usher in a new wave of institutional adoption that could bring an end to crypto winter as new funds pour into the market.
The Fed reverses course
After years of easy monetary policy and near-zero interest rates, the US Federal Reserve approved a 0.25% interest rate hike, the first rate hike in more than three years.
The historic surge in the cryptocurrency and legacy markets witnessed in 2021 was largely driven by the easy monetary policy of the Fed, and it is highly likely that a return to such policies will once again see funds flow into the crypto ecosystem.
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What does it mean for the other cryptos?
BTC made a jump to over $21ki value, surprising the pessimists who expected a bigger fall on the price rise.
Since the marketing is so dynamic, it is really hard to say how it will go, but there are some interesting coins that are galloping fast in the market. One of them is TAMADOGE, launched in July 2022.
What is TAMADOGE?
Tamadoge is the currency at the center of the Tamaverse, allowing you to create, breed, care for and battle your TAMADOGE pets. This is a meme coin with utility. Launched in July 2022, TAMADOGE is a deflationary cryptocurrency where users can fight to climb up
leaderboard by getting Dogepoints.
Users with the most Doge Points at the end of each month will be able to claim their winnings from the monthly Doge Pool. Your Tamadoges will grow with you and become stronger over time, but make sure you take care of them. If you leave Tamadoge too long, they will end up as a Tamaghost.
That being said, let’s see the rest of events that could affect the BTC price going up.
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Large adoption of Bitcoin as legal tender
In 2021, El Salvador became the first country in the world to adopt Bitcoin as a legal tender for use by its citizens. In April 2022, the Central African Republic (CAR) became the second country to do so, indicating a growing trend.
Integration as a payment option by a large company
The ability to make purchases by transacting directly on a blockchain network is relatively limited.
On several occasions, Elon Musk has shown that the mere mention of the integration of blockchain-based payments can trigger a market rise for the token in question.
Based on this, it is likely that crypto payments being integrated by a major company such as Amazon or Apple could trigger a bullish wave of momentum.
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China opens up the web
For Chinese Internet users, access to the rest of the world’s Internet is severely restricted.
A Chinese government decision to lower the Great Firewall would have a huge effect on traffic flows, increase demand and possibly even create movement on the block size limits that have limited the growth of Bitcoin.
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TAMA VS BTC
Given the use cases that TAMA offers and the rapid growth towards $1 in value, this coin could be the winner in the BTC-TAMA race. If you don’t want to risk, we have one word for you – DIVERSIFICATION.
Explore your options with TAMA and then decide if you want to buy it. Our tip is – give it a chance! It may surprise you.
You should jump on this bandwagon and buy it while the price is still low, because you could find yourself a new millionaire in a year or two.
How to buy Tamadoge
You have read our analysis and made a smart decision to buy this hot coin. So what now?
Here are the easiest steps to buy yourself a TAMA:
STEP 1
To begin, make sure you have a MetaMask wallet installed in your browser, or use one of your own
wallets supported by Wallet Connect (we recommend Trust Wallet).
Buying on a desktop browser will give you a smoother shopping experience. For this we recommend Metamask.
If you’re buying on mobile, we recommend using Trust Wallet and connecting via the built-in browser (just copy into the Trust Wallet browser).
STEP 2
Once you have your preferred wallet provider ready, click “Connect Wallet” and select
suitable alternative. For mobile wallet apps, select “Wallet Connect”.
You will then have three options
● Buy ETH with card. This option allows you to buy ETH sent to your wallet by our partner, Transak. You will then be able to use this ETH to buy TAMA. Click “Buy Eth with Card” to begin and follow the on-screen steps. We recommend buying a minimum of $15 worth of ETH to cover the minimum purchase of TAMA.
● Buy TAMA with ETH. When you have enough ETH in your wallet (if you don’t have ETH or USDT, choose option 1 to buy ETH first), you can now exchange ETH for TAMA. Enter the amount of TAMA you want to buy (minimum 1000) and then click “Convert Eth”. Your wallet provider will ask you to confirm the transaction and will also show you the cost of gas.
● Buy TAMA with USDT. Make sure you have at least $15 USDT in your wallet before starting the transaction. Enter the amount of TAMA you wish to buy (minimum 1000). Click “Convert USDT”. You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. Make sure you go through both approval steps to complete the transaction.
STEP 3
Once the pre-sale has ended, you will be able to claim your TAMA tokens. We let go
details closer to the time, but you must visit the main page and
click the golden “Claim” button.
Tamadog contract
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
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Last word
Hope you enjoyed our article. Please note that analyst and algorithm based crypto price predictions can be wrong. Forecasts should not be used as a substitute for your own research.
Although some analysis predicts a big jump for Bitcoin, it is still early to know and given the volatility, you should consider investigating some new interesting projects.
