Best New Crypto Coin Listing
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Tamadoge (TAMA) will be listed on the OKX exchange on September 27 at 11:00 UTC and aims to combine the investor appeal of meme coins like SHIB and DOGE with a P2E game, which includes metaverse and movement to earn mechanics. Is the best new coin listing to watch this week?
New crypto TAMA is the game currency and reward token of the Tamadoge fighting app, used to mint virtual pets tokenized as NFTs and earned by players in the ecosystem. This week, Capital.com reviewed the Tamadoge project — another indicator that its initial exchange offering (IEO) may be working well.
OKX New Coin Listing Announcement
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Tamadoge raised 19 million USDT in its token presale in less than two months, from July 25 to September 18, attracting a high level of investor interest despite the fact that crypto prices are trending down – Bitcoin and Ethereum are still trading below $20,000 and $1,500 this week.
The high demand overshadowed most crypto pre-sales, private sales or initial coin offerings (ICOs) in 2021 or 2022 – for example, the STEPN (GMT) token sale raised just $9.2 million, which included investments from crypto VCs such as Binance Labs , Alameda Research, Sequoia Capital and other big names.
Coverage in CNBC at the 15 million USDT point may also have helped push the new crypto token’s seed funding over the finish line a month earlier than planned on the Tamadoge roadmap. Yahoo Finance also highlighted TAMA as early as the beta sale.
Across crypto news media, Tamadoge has made headlines in BeInCrypto, Bitcoinist, NewsBTC, The Cryptonomist, ZyCrypto and others – TAMA combines the most popular sectors of cryptocurrency as a play to earn cryptoassets, a meme coin and have upcoming metaverse and move to earn functions.
GMT peaked at a live market capitalization of $2.5 billion – peaking at $4.18 with a circulating supply of 600 million (10% of total supply, 6 billion). The ICO price was $0.64 and its bull run took place while the Bitcoin price was in a downtrend – early March to late April 2022.
Tamadoge will launch with a circulating supply of 1 billion (50% of the total supply of 2 billion), at a listing price of $0.03 – an initial market capitalization of $30 million. Achieving the same market cap as STEPN reached eight weeks after launch would mean a TAMA price target of $2.50, a gain of 83.3x.
Today, since the correction, GMT has a market cap of just over $380 million – which TAMA would have reached at $0.38 per token, a 12.6x gain from listing.
Unlike GMT, TAMA is deflationary with a built-in token burn on Tamadoge store transactions – when players upgrade their Tamadoge NFT pets with accessories, or buy dog food. Having a higher percentage of the token supply locked up at the IEO can also help support the price.
Tamadoge also doesn’t have an expensive barrier to entry like STEPN – in its M2E crypto game, players were required to buy NFT sneakers. GMT’s explosive bull cycle took place during a period when NFT sneakers had a floor price of around 12 Solana (SOL) – a testament to how popular apps that pay users in crypto are.
Next Shiba Inu
Shiba Inu first dumped after the Binance listing (May 2021, and the Coinbase listing was in January) and hit a low of 0.00000510 USDT four months later in September
It then exploded 17.3x to 0.00008854, largely based on hype and FOMO – since then it has retraced most of the bull run, now trading just above 0.00001. At press time, the Shiba Inu price is up, but the market structure remains bearish – printing lower highs and lower lows.
Even after about a 90% correction from its peak, Shiba Inu has a market cap of $6.4 billion today and a fully diluted valuation (FDV) of close to $7 billion. All with little benefit or incentive to hold SHIB.
Tamadoge could potentially be the next cryptocurrency to explode with its Doge aesthetic and more concrete use case, as the initial currency of a play to earn crypto game – something Shiba Inu is starting to explore with the recent launch of the Shiba Eternity P2E game.
Next Dogecoin
The Dogecoin price is up 10% today – but at the time of writing the price range of $0.06 – $0.07 is a decline of almost 92% from the high of $0.74 in May 2021 just before Elon Musk appeared on Saturday Night Live.
Since launch, Dogecoin’s total supply has increased from 100 billion to almost 133 billion – DOGE is an inflationary asset with infinite supply (no maximum supply). That aspect of the tokenomics will have contributed to the correction over the past 17 months.
Terra Classic (LUNC) dominating the crypto headlines in recent weeks to become a deflationary asset – LUNC Burn is again in the news this week, covered on the Binance blog – will have raised awareness for many investors that deflationary crypto coins are better. investment.
Tamadoge can also be predicted to perform well after the initial public offering, due to its deflationary tokenomics.
Best new crypto listing on OKX
Tamadoge having its IEO on OKX – with more crypto exchange listings to follow – is another potential bullish catalyst for TAMA being the best new crypto coin to invest in.
OKX has an exchange score of 6.1 on CoinMarketCap and a green rating – which CMC only gives to 21 top-tier crypto exchanges.
The exchange platform score is based on a number of metrics, including how reliable and safe an exchange is, its daily trading volume ($1.6 billion in the last 24 hours for OKX), and the number of cryptocurrencies listed.
Other big names such as Bitmex, Delta exchange, Phemex, Bittrex, Poloniex and Bitmart have lower scores and orange ratings on CMC.
The video above posted on the Tamadoge YouTube channel explains how to buy Tamadoge once it’s listed – OKX also has a separate DEX for those who can’t use CEX.
Tamadoge will also have its first DEX offering (IDO) on OKX on the same day six hours after the CEX listing at 17:00 UTC.
In addition to Tamadoge being potentially the best new coin listing this month, new OKX signups have a chance to win a $10,000 mystery box.
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