Why is crypto down? Bitcoin -2.43%, Ethereum -2.52%, Tamadoge Most Trending Coin
As crypto markets recover, top performers including Bitcoin and Ethereum continue to fall after each price increase. On the other hand, meme coins like Tamadoge, Dogecoin and others are taking their place as the top winners in the crypto ecosystem.
The global crypto market is down 2.49% in the last 24 hours, while the global trading volume is up 12.08% at the same time. It is becoming clear that the industry is moving towards decentralized finance, paving the way for the rapid growth of meme coins like Tamadoge.
Tamadoge – A new crypto with massive growth potential
While most established cryptos continue to lose value over the past 24 hours, investors are looking for better options. Tamadoge is the newest meme coin project that went on pre-sale a few weeks ago and became extremely popular among investors. It is the first meme coin set in a metaverse, with features such as a built-in NFT store, Play-to-Earn mechanics, which shows immense potential.
Tamadoge is still in its earliest stages. The project is expected to go live at the end of 2022, but it already shows a lot of growth potential. For example, the pre-sale of the TAMA token turned out to be much more successful than first thought. Of the 2 million tokens, 50% are available in a pre-sale that was supposed to last until mid-October. However, due to a massive interest among investors, the pre-sale will end in early September, or if all 1 billion tokens are sold. Still, the platform raised over $2 million in less than a month, which means a promising future.
Tamadoge decided to reward the luckiest investor with $100,000 in TAMA tokens by holding a public giveaway. You just need to invest at least $100 in TAMA tokens and complete a few simple tasks to qualify. Once the platform goes live, TAMA tokens will increase by 25% immediately and will likely continue to snowball through 2023.
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How to buy TAMA?
Although the Tamadoge pre-sale started recently, investors around the world have already done their part to take advantage of this incredible investment opportunity.
Check out this guide if you want to join the Tamadoge community and potentially get rich by investing in Tamadoge. The step-by-step guide will explain each process in detail, so be sure to read it carefully.
Once you have completed all the steps, you will be a proud owner of your first Tamadoge token.
Step 1 – Create a crypto wallet
If you don’t already have one, you must first create a crypto wallet to purchase Tamadoge.
Most wallets are easy to create and are completely free. That said, we recommend going with MetaMask since it includes support for multiple chains.
Go to MetaMask’s official website, press “Download” and follow the instructions to set it up.
Step 2 – Buy ETH/USDT
You can only buy TAMA coins through Ethereum (ETH) or Tether (USDT). Both of these cryptos can be acquired through the major crypto exchange platform.
However, you also have the option to buy ETH directly via credit/debit card on Tamadoge’s official presale platform.
After you buy ETH/USDT, you transfer tokens to your crypto wallet.
Step 3 – Connect Crypto Wallet to Tamadoge Presale Platform
Go to the official Tamadoge website and press “Buy”.
Then click on “Connect to wallet” and select your wallet provider. You will see a bunch of instructions pop up; follow them to complete the connection process.
Step 4 – Buy Tamadoge
Enter the exact number of TAMA coins you want to buy (minimum is 10,000) and press “Convert ETH” or “Convert USDT”.
Double check the information you entered and confirm the transaction if everything is correct.
Step 5 – Claim Tokens
Finally, all that’s left for you to do is claim the Tamadoge tokens.
But you should know that the “Claim” option will be available only when the pre-sale ends.
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Top Crypto Performers in a 24-Hour Drop
The crypto industry was volatile before, but it seems to have become even more volatile in recent weeks. The FED continues to increase interest, and other factors such as the war in Ukraine and global supply chain issues are all contributing to the shrinking of the crypto markets. First, let’s look at the price drops over the past 24 hours.
Bitcoin (BTC)
As the leader of the crypto ecosystem, Bitcoin has fallen by 2.43% in the last 24 hours. It is currently priced at $23,460.22, a significant reduction after a few weeks of growth. BTC began its decline on August 17, losing 7.34% and falling back to the $23,400 level. The cryptocurrency started to recover the next day, gaining around 1.40%, but it still has 5% to recover from recent losses. While trading volume has grown in the last 24 hours by nearly 10%, the crypto is still struggling to climb above the $23,500 mark.
Ethereum (ETH)
Ethereum is the second ranked cryptocurrency in the world. The platform is going through some massive changes at the moment and although it has gained a lot in the last few weeks, it has lost 2.52% in the last 24 hours. It started falling at the same moment as Bitcoin, hitting a new 24-hour low in less than 6 hours. ETH is currently priced at $1,851.30, with a 24-hour low of $1,823.23. Trading volume is up 29.7%, to $20,193,194,604.
Altcoins
Many popular altcoins, including Cardano, Binance and others, are following the recent downtrend. Cardano lost 4.83%, and Binance lost 3.64%. However, both experienced a 25% or higher increase in daily trading volumes, and the same can be said for most other popular altcoins.
Meme Coins
Meme coins like Dogecoin, Shiba Inu and others have also lost at least 5% in the last 24 hours. DOGE fell by 5.09% to a price of $0.08079, while Shiba Inu fell by 8.36%. However, Dogecoin also experienced a significant drop in daily trading volume of 53.52%.
DeFi tokens
While the rest of the crypto projects continue to lose value, some decentralized finance cryptos continue to grow. For example, Yearn.Finance’s token YFI grew by 0.54%, with a 24-hour trading volume increasing by 77.4%. On the other hand, Avalanche is down 5.66%, and Aave lost 7.56%.
Why is Tamadoge the best investment right now?
The problems causing the shrinking of the crypto industry will not disappear in a few days. The growing uncertainty around the world and many other problems are forcing millions of token holders to sell their assets and move their wealth elsewhere. But judging by the massive buzz around Tamadoge, it looks like one of the rare cryptos that can result in huge returns at the moment. So don’t miss your chance to become an early investor before the pre-sale ends.
>>>Buy Tamadoge now<<
