Ethereum To Dethrone Bitcoin – Reality Or Failed Attempt?
Ever since Bitcoin was launched in 2009, it has been the leading cryptocurrency in the market, while others have practically no chance to overcome it.
One of its main advantages is the fact that it is the first crypto ever created.
But with more than a decade gone, analysts believe that Bitcoin may not remain in first place for much longer.
If there is one crypto in the market that can dethrone Bitcoin due to its advanced network and cutting-edge features, it is Ethereum.
Also, interesting things are happening in the meme coin universe, and Tamadoge threatens to destroy Dogecoin and Shiba Inu.
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Bitcoin stagnates while Ethereum continues to reach milestones
From and including 24 AugustthBitcoin is still stagnating at the $21,500 mark and struggling to establish any kind of bullish momentum.
Many investors awaited Federal Reserve Chairman Jerome Powell’s speech at the US central bank’s symposium in the hope that it would create a positive mood around the world’s leading cryptocurrency.
However, Powell did not focus too much on crypto in his speech, which ultimately left traders confused about whether Bitcoin’s price will rise in the following weeks.
Quick Summary – Bitcoin started this week at a price of $21,509 and has been dancing around this mark for some time now.
On the other hand, Ethereum continues its upward spiral in recent days.
Ethereum’s price increased by 5% this week due to the official announcement that the long-awaited merger will take place sometime between 10.th – 20th of September.
Although some analysts seem confident that this merger will not bring huge returns immediately, it seems likely that it will positively affect ETH’s long-term price.
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What are Ethereum’s advantages over Bitcoin?
For as long as we can remember, Ethereum has always been Bitcoin’s runner-up in terms of the largest crypto based on market capitalization.
But with Bitcoin struggling to establish new bullish trends, Ethereum now has a better chance than ever to dethrone the leading currency.
This week, Ethereum hit a new two-month high and outperformed BTC in almost every aspect. One of the main reasons for this was the latest test of ETH’s upgrade.
Ethereum 2.0, the upgrade that will transform the network from a PoW (proof-of-work) model to a PoS (proof-of-stake) is set to be released in mid-September.
As a reminder, the proof-of-stake model is used for transaction validation through randomly selected verifiers.
This is the opposite of the PoW model which includes a specific validation technique to confirm transactions (Bitcoin still uses this model).
By transferring to the PoS model, Ethereum will gain an advantage over Bitcoin as this system is much more efficient, cheaper and faster compared to PoW.
In addition, Ethereum is also the largest smart contract platform in the world, and it has the most DApps developed on the network in the crypto industry.
Finally, investors are starting to appreciate the fact that the information about who is behind Ethereum is completely transparent (Vitalik Buterin and Gavin Wood), while Bitcoin’s founder is still unknown.
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Tamadoge could be the next leader of the Meme Coin Universe
Ethereum isn’t the only crypto “out for blood” these days – Tamadoge is looking to take over the meme coin universe.
For weeks now, Tamadoge has been hitting new milestones, with the pre-sale attracting a large amount of new investors every day. It has also been considered one of those best crypto to buy on reddit.
Due to its incredible tokenomics and real-world utility, it’s not a stretch to say that it could dethrone Dogecoin and Shiba Inu as the leader of meme coins in the next few months.
In short, Tamadoge is a doge-inspired meme coin that comes with utility and combines Metaverse, P2E and NFT technology.
TAMA is the platform’s native governance token and it is the main currency for transactions, stakes and reward distribution in the game.
Each Tamadoge NFT is a unique baby pet that players care for and prepare for battle. Those who win the most battles with their pets are rewarded with Dog Points and win generous prizes.
Since Tamadoge is KYC’d by CoinSniper and audited for smart contracts by SolidProof, investors don’t have to worry about any “rug pull” danger.
The platform’s beta sale ended a few days ago with $2 million raised.
However, if you are interested in becoming an early investor, you can still get TAMA tokens at the pre-sale that runs until September.
The pre-sale will only last for a few more days, and analysts believe that the price of TAMA tokens will never be this low again, so you better hurry!
Additionally, if you buy TAMA tokens in time, you will be able to participate in the $100,000 crypto giveaway that will take place on the day of the grand prize draw.
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How to buy Tamadoge
Here is the exact guide you can follow for your first TAMA token purchase.
STEP 1
To get started, make sure you have a MetaMask wallet installed in your browser, or use one of the 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 buy on mobile, we recommend using Trust Wallet and connecting via the built-in browser (only copies into the Trust Wallet browser).
STEP 2
Once you have your preferred wallet provider ready, click on “Connect Wallet” and select the appropriate option. 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 will release details closer to the time, but you will need to 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
