If you wish to buy a particular crypto coin, a good practice would be to find out as much as possible about that project before investing. Acala is one of the projects that demand such knowledge before putting your money in. So is Acala crypto a good investment, and what are your options nowadays on the market? Should you get TamaDoge instead? Find out in this article.
What Is Acala and Why You Shouldn’t Miss Out TamaDoge Project?
Acala is a cross-chain DeFi network and liquidity hub built for Polkadot. It is a smart contract platform compatible with Ethereum, and it consists of DeFi or a decentralized finance network and liquidity pool for Polkadot (DOT). The infrastructure includes a liquidity staking platform and a stablecoin network.
A stablecoin network functions as a building block for DeFi on Polkadot. This cross-chain protocol leverages security from the Polkadot’s relay chain and also enables users to value transactions across different parachains Polkadot connects. The native coin of Acala is the ACA token which is used to power up the execution of smart contracts and enables users to vote on network development.
On the other hand, decentralization and democratization of the Acala network mean everyone can trade and be part of it. This may seem ideal on paper, but it also leaves space for those who are seeking to scam or steal the whole project. Until safety protocols are not strong enough to prove your investment will be safe, maybe you should invest in other promising projects, like TamaDoge.
According to many analytics, this meme coin is waiting for its own bull run to begin soon. The TAMA beta presale began on July 25th, 2022, and is set to end on September 2nd, 2022. However, more than $8 million has already been raised, and more than 50% of the coins have already been sold. Therefore, if you are considering investing, do so immediately because there is a significant risk that the presale will end earlier than expected.
Knowing More About Polkadot Is Crucial for Those Interested in Acala
To explain what Acala is, we must first understand Polkadot. A Polkadot is an open-source blockchain platform that provides interoperability and interconnectivity between blockchains. This platform allows different blockchains to securely exchange messages and transactions. It also allows the transaction of data and other digital assets as well as building DApps (decentralized applications). Polkadot has its own native coin, DOT, that has a key role in maintaining and functioning the Polkadot network. The Polkadot is made out of three types of blockchains, the relay chain, parachains, and bridges.
Even though Polkadot may seem like a new exciting project forecasting the future of Web3 and blockchains, it is still a new technology not yet ready to be tested in the real world. Nowadays, we can see that Acala token ACA and stable coin aUSD are decreasing, which has a lot to do with this coin’s ability to provide safety and stability to investors. Maybe the better option is to find new projects like TamaDoge and invest in them. TAMA meme coin has already proven to be safe from fraudulent activities and has huge community support.
Why is TamaDoge Is Best New Project to Invest in 2022?
If you are looking for new projects that are most promising in the crypto market right now, then TamaDoge is the coin for you. A TamaDoge is a unique metaverse project where you can play a game and earn money. TamaDoge is also a meme coin that has improved features and uses cases that will beat even a Dogecoin. TamaDoge is a game where you can grow and play with your virtual pet and earn rewards in the form of TAMA tokens.
The whole project, unlike the Acala network, is secured and has an anti-rug pull mechanism controlled by smart contracts audited by Solid Proof and KYDs by Coinsniper. Ever since the presale of the TamaDoge coin was launched, the project raised over seven million dollars, and new investors are joining each day. You can follow the news about this project and join the TamaDoge community on Twitter, Telegram, and Discord.
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Here is How to Buy TamaDoge
To begin, you need to make sure you have a wallet supported by Wallet Connect (like MetaMask or Trust Wallet) installed on your browser. Purchasing through a desktop browser will provide you with a smoother purchasing experience. If you purchase on mobile, we recommend using Trust Wallet and connecting through the built-in browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
Once your preferred wallet provider is ready, click “Connect Wallet” and select the appropriate option. For mobile wallet apps, you will need to select “Wallet Connect.” You will then have three options to buy with Card, ETH, or USDT. If you do not have ETH or USDT, you need to select Option 1 and purchase ETH first. If you have sufficient ETH or USDT in your wallet, you can now purchase TAMA by typing the amount you want (1,000 minimum) and then clicking “Convert Eth.” Once the presale has ended, you will be able to claim your TAMA tokens.
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Acala Price Decrease and Safety Issues? Why Is TamaDoge a Better Option?
Even though the aUSD was designed to be the same value as USD, we can see that this is not the case and that the price is actually lower. This is mostly because of the hacker attack on the Acala network in August 2022. The attack allowed perpetrators to mint $3 billion worth of aUSD stable coins leading to an incredible decrease in coin value from $1.03 to $0.009 after the attack. The problem occurred in Acala’s liquidity pools and the Honzon protocol. The attack happened after Acala launched the iBTC/aUSD liquidity pool, where all contributors would be rewarded with ACA tokens and interlay (INTR).
However, soon after the pool was launched, error mints were initiated as well, where rewards were delivered in aUSD instead of ACA tokens. This attack was soon linked to 16 wallets, and most of the coins were restored and burnt after a community vote. This led to stability in price, and the creators of the Acala network have announced that this misconfiguration in protocol has been corrected.
TamaDoge Has Excellent Safety Protocols, and It Is Great for Long-Term Investments
We already mentioned that TamaDoge has an anti-rug pull mechanism controlled by smart contracts audited by Solid Proof and KYDs by Coinsniper. But this coin has other safety mechanisms, so you can rest assured that once you invest in this project, you will be rewarded in years to come.
According to the whitepaper, there will be a limit of two billion TAMA tokens available. During the token creation event, one billion TAMA tokens will be in circulation, with 400,000,000 remaining unminted and set aside for exchange listings. Last but not least, 600 TAMA tokens will be available to fuel the Tamadoge long-term project over the course of ten years.
As you can see, not only will the price of this coin rise in the future as more coins are released, there is a safety measure for those who would like to make long-term investments. If you buy TamaDoge on presale today, you will most likely earn a lot of profit in a bull run this coin is expected to have once it is listed on the exchange.
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TamaDoge Price Predictions Is Promising
According to TamaDoge price prediction analysis, this amazing meme coin will come from $0.03 once the presale ends. By the end of 2023, the price is set to be between $0.05 at its lowest and $0.10 at its highest. By the end of 2030, the price of TAMA is predicted to reach $1.20, which you can agree is an excellent forecast for a ten year period.
If you invest now and buy, let’s say, 1,000 coins, you will spend $30, and if you keep these coins for the next ten years, the prognosis is you will have $1,200 in TAMA coins. This is why missing out on presales is always a waste, as you can buy a lot of coins and spread out your portfolio for very little money. And if we look at the past market behavior and how other meme coins behave, we could expect even better outcomes for TAMA than predicted.
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Should You Invest in the Acala Dollar or TamaDoge? TamaDoge Is the Clear Winner
In terms of investment in the crypto world, the best course of action is to have a variety of coins in your portfolio. But if you are looking for a crypto coin that will rise in price, then the best course of action is to buy some TAMA. For starters, aUSD is designed to be the same price as a USD, so in essence, its value will never go much higher than USD. On the other hand, investing in ACA tokens only has value if you plan to use the Acala network to make cheap transactions. In terms of value and long-term investment, there is no better coin than TAMA to invest in currently on the market.
The coin has a strong use case, you can use it to play games and buy NFTs in Tamaverse, and it is now on presale, meaning it is the lowest price ever. Once the presale is over and the coin is released for trade, its value will only go up. The TamaDoge project has huge support from the community, and many investors have already invested in this project, so there’s no reason why you shouldn’t jump on the bandwagon as well.