Tamadoge (TAMA), the crypto token that powers the Shiba Inu-dog-themed gaming-focused Tamaverse web3 ecosystem, is pumping and price predictions are getting more bullish.
TAMA/USD was last changing hands close to $0.03 per token, over 16% up on the day and up over 50% since yesterday’s bounce from its 200-Day Moving Average near $0.019.
Tamadoge has been pumping in the last few weeks on hype surrounding a major upcoming top 5 cryptocurrency exchange listing.
In less than one day, TAMA will be listed on ByBit.
Potential buyers of TAMA on ByBit should note that today (the 26th), ByBit is running a Deposit-to-Earn giveaway where users can deposit 3,500 TAMA tokens and get an additional 500.
ByBit will also be running a Trade-to-Earn promotion on the 27th.
The ByBit listing looks set to be just the first of a series of listings across major top 5 cryptocurrency exchanges.
Indeed, the Tamadoge team on Tuesday told investors to “stay tuned for more exciting updates” via Twitter, before teasing that the next listing could be on Binance, Coinbase, Kraken or KuCoin.
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 is making solid progress back towards the multi-month highs it posted in the $0.038 area earlier this month.
If it can get above here 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 near 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.
And 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.
For investors looking to get in on a low cap gem that has a lot of upside potential, TAMA could be a good bet.
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