The most popular altcoin is Ethereum, which a lot of investors and enthusiasts consider to be much more than just another cryptocurrency. Experts also believe that even after a difficult first half of the year, it may surpass $4,000 again in 2022.
Ether (ETH), the native coin of Ethereum, has experienced tremendous value growth since its launch in 2015. The price of ether, a cryptocurrency created by computer engineer Vitalik Buterin, has climbed from $0.311 at the time of its inception in 2015 to around $4,800 at its peak late last year, with significant price fluctuation along the way.
The wildly famous crypto known as Binance Coin (BNB) was developed by the renowned Binance Exchange. It’s interesting to note that BNB was introduced as an ERC-20 token on the Ethereum platform (similar to Tron and a lot of other big-name cryptocurrencies).
Within three weeks, Binance Coin’s first Initial Coin Offering (ICO) raised $15 million. Since then, BNB has switched to the Binance blockchain from the Ethereum blockchain.
According to CoinMarketCap, there were 161 million BNB in circulation as of the end of last month, and it had a $44.5 billion market valuation, ranking it as the fifth-largest cryptocurrency.
The meme cryptocurrency asset Tamadoge (TAMA) combines a P2P game, its own Metaverse, an integrated NFT store, and real-world usefulness.
The hub of the platform, where trading, games, and communication all take place, is known as the Tamaverse (Metaverse). Tamadoge has also been touted as the strongest rival for unseating DOGE and SHIBA as the top meme coin.
Pump And Dump System
Since the Ethereum (ETH) Merge upgrade would enhance the blockchain following the Proof-of-Stake (PoS) changeover, it is predicted to potentially cause a rise in the value of the cryptocurrency. Despite the strong support for the upgrade, some participants in the cryptocurrency market think there are some reasons for concern, particularly in light of the prospective entry of additional Ethereum tokens into the ecosystem.
This line claims that one of the direct effects of the Merge is to cause a pump and dump strategy in the Ethereum currency, especially with the distribution of coins from the old Proof-of-Work (PoW) protocol, according to a well-known cryptocurrency trader publishing under the username Tradersweekly on TradingView.
The trader predicts a dump of newly produced tokens that will be released into circulation concurrently with the Merge. The dealer also stated that while the price of Ethereum would rise, it would only last a short time. The trader also pointed out that technical signs pointing to extremely low liquidity in Ethereum support the pump and dump scenario.
The Binance Coin (BNB) could also follow this pattern as it was originally created with the Ethereum framework.
Tamadoge (TAMA), on the other hand, shows no tendency to follow such a strategy as the coin is still fresh on the market and garners genuine interest from investors and even gamers looking to make money around the world.
Stability of Tamadoge
Tamadoge’s price has increased by 200% in the last 24 hours without even being listed on Binance, the biggest cryptocurrency exchange in the world; presale buyers have experienced profits of more than 700%.
Tamadoge currently appears to have gained escape velocity as customer demand increases and the project name spreads throughout the cryptocurrency industry. The team recently announced on Telegram that Binance has accepted its listing application.
TAMA has a $32 million 24-hour trading volume as of the 2nd of October, according to leading cryptocurrency statistics provider Coinmarketcap (CMC), giving it a very appealing listing for Binance.
In addition, Tamadoge is a gaming environment based on the Tamagotchi concept but using blockchain technology, where you may raise your very own Tamadoge Pet while engaging in play-to-earn (P2E) activities.
The price of TAMA has climbed by 730% from $0.01 during the beta sale to $0.083 as of yesterday. What’s more, Tamadoge is currently the ninth-most visited project on CoinMarketCap, the No. 4 token in terms of price growth among all tokens listed there, and the top token among those with a trading volume of more than $1 million.
TAMA also has the highest gain among meme coins. Tamadoge has also been the top trending item on the hugely popular trading community app StockTwits since last Saturday.
The recent revelation that a collection of 100 extremely rare NFTs will go on sale starting on October 6th perhaps contributed to the FOMO that has been building up around TAMA.
You must purchase an NFT in order to gain access to the Tamadoge ecosystem, play the games, and earn rewards through climbing leaderboards and engaging in battle. The owners of the ultra-rare variants will receive stronger abilities for their pets, increasing their earning potential.
According to information on the Tamadoge website, there are 21,100 pieces in the collection, including the extremely rare NFTs. Tamadoge is definitely going to be one of the top utility NFT projects for 2022.
Listings Make Tamadoge More Profitable
Tamadoge’s listing on OKX Dex, a global crypto exchange platform, introduces the coin to a whole new audience and increases the coin’s overall popularity and interaction, which translates to an increase in the rate of the coin.
Furthermore, it was revealed that in addition to already being listed on CoinGecko data’s fourth-ranked exchange, OKX, it will list this week on Wednesday, October 5, on LBank (11:00 UTC) and MEXC Global (13:00 UTC).
The price movement surrounding TAMA this weekend and its prior presale, in which it generated $19 million in just seven weeks—a staggering number given the current crypto winter—will undoubtedly have caught Binance’s attention.
Ethereum and BNB pump could be attributed to a pump and dump system by creators, where they build hype for the coin by drawing up new projects and other things to temporarily increase the price of their coin. Tamadoge, on the other hand, is experiencing genuine growth in the market.