Tamadoge (TAMA), the crypto token that powers the Shiba Inu-dog-themed gaming-focused Tamaverse web3 ecosystem, has been pumping recently and price predictions are getting more bullish.
TAMA/USD was last changing hands just under $0.03 per token, down a little on the session, but still fairly close to recent multi-month highs in the $0.037 area and still up close to 50% versus Monday’s lows when the crypto token bounced from its 200-Day Moving Average in the $0.019 area.
On the month, Tamadoge is up a massive 140%.
The crypto token’s impressive gains come amid hype regarding the arrival of a new wave of investors as Tamadoge secures listings across major centralized cryptocurrency exchanges.
Tamadoge was listed on ByBit, one of the world’s largest cryptocurrency exchanges, today.
The Tamadoge team is teasing that further major listings are also coming, such as a potential listing on the world’s largest exchange Binance.
In the meantime, traders/investors can benefit from a generous trade-to-earn promotional campaign being conducting via ByBit.
ByBit customers who trade at least 100 USDT worth of TAMA tokens get 500 TAMA for free (worth close to $15 at current prices!).
While trading conditions are likely to remain choppy, the outlook for TAMA is looking up.
As more major exchanges list the token, this will give Tamadoge a significant free marketing/promotional push, while making investment easier for a much wider audience of potential buyers.
Meanwhile, the Tamadoge team continues to pump out ecosystem upgrades and fill out “Tama Island”.
For instance, there are now five Tamadoge Arcade games, which users can compete in using their Tamadoge NFTs and earn TAMA rewards.
Price Prediction – Where Next for Tamadoge (TAMA)?
TAMA has made solid progress back towards the multi-month highs recently.
If it can get above resistance in the $0.37 area and above the late-October 2022 highs just under $0.040, then that could open the door to a melt-up higher towards the all-time highs near $0.20 posted shortly after Tamadoge’s initial listing back in early October 2022.
That could mean roughly 7x gains from current levels, and would see TAMA’s market cap rising to around the $200 million mark.
That’s not an inconceivable market cap for Tamadoge given that developers continue making solid progress on delivering on the roadmap and that Tamadoge’s games continue attracting new players.
In fact, Tamadoge has more active users than Decentraland and The Sandbox combined, according to DappRadar data.
If Tamadoge did hit a $200 million market cap, that would still be less than 2% of Dogecoin’s market cap of around $10.8 billion.
Can Tamadoge 10x This Week?
Many observers think TAMA has a lot more utility, thanks to the fact that, unlike Dogecoin, it powers a rapidly growing gaming web3 ecosystem.
Say Tamadoge was able to get to 5% of Dogecoin’s current market cap of $10.8 billion.
That would imply a market cap of over $500 million, meaning a token price (given current supply of just over 1 billion tokens) of around $0.5.
That’s a more than 15x jump from current levels.
While Tamadoge is unlikely to post 10x gains as soon as this week, investors looking to get in on a low cap gem that has a lot of upside potential should definitely consider Tamadoge.
Buy Tamadoge Now
Tamadoge (TAMA) Could Do Great, But DYOR Before Jumping In
Investors who get in now could do very well as hype and excitement surrounding the growth of the Tamadoge ecosystem.
As with any meme coin, early investors have the opportunity to ride the wave of momentum and see significant gains in the short term.
That being said, it’s important to note that meme coins can also be highly volatile, so investors should carefully consider their risk tolerance and investment strategy before jumping in.
The market for meme coins can be highly volatile, and the success of the project depends on a multitude of factors, including market conditions, competition, and community engagement.
It’s important for investors to do their own research and make informed decisions based on their risk tolerance and investment goals.
Investors can check out Tamadoge’s website here and its whitepaper here.
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