Tamadog (TAMA), the crypto token powering the Shiba Inu-dog-themed gaming-focused Tamaverse Web3 ecosystem, has seen a sharp decline over the past few days.
Despite this, price prediction Be upbeat
Darkness was last changing hands around $0.024, down nearly 35% from its recent high in the $0.037 area, with some analysts suggesting that the crypto token may have witnessed a recent “sell fact” reaction. ByBit Listing Announcement,
TAMA will go live on ByBit in two days.
In the making of the listing, Tamadoge will run a Deposit to Earn TAMA Giveaway.
The ByBit listing appears to be the first in a series of listings on major top 5 cryptocurrency exchanges.
In fact, the Tamadoge team told investors on Tuesday to “stay tuned for more exciting updates” via Twitter, before teasing that the next listing could be on the way. binanceCoinbase, Kraken or KuCoin.
While trading conditions are likely to remain volatile, the outlook for TAMA is looking up.
As more major exchanges list the token, this will give Tamadoge a significant free marketing/promotional push, making investing easier for a much wider audience of potential buyers.
Meanwhile, the Tamadog team continues to pump out ecosystem upgrades and fill “Tama Island”.
For example, there are now five Tamadog arcade games in which users can compete and earn TAMA prizes using their Tamadog NFTs.
Price Prediction – Will Tamadoge (TAMA) 10x?
Despite the recent hiccups, TAMA’s tech is still looking good.
This is because the crypto token found strong support at its 200-day moving average on Monday, indicating that the bulls are in control.
If TAMA can clear the late October highs in the $0.04 area, it should set up a major push towards the crypto token’s record highs in the $0.20 area.
This would mark an 8X gain from current levels, and would see TAMA’s market capitalization rise to levels of around $200 million.
This isn’t an unimaginable market cap for Tamadoge, given that the developers are making solid progress to deliver on the roadmap and that Tamadoge’s games continue to attract new players.
In fact, Tamadoge has more active users than Decentraland and The Sandbox combined. dapradar data,
If Tamadoge did hit a market capitalization of $200 million, it would still be less than 2% of Dogecoin’s market capitalization of roughly $10.8 billion.
And many observers think TAMA has a lot of utility, thanks to the fact that, on the contrary dog coinIt powers the rapidly growing gaming web3 ecosystem.
Lets say Tamadoge was able to get 5% of the current market capitalization of Dogecoin at $10.8 billion.
This would mean a market capitalization of over $500 million, which means a token value of around $0.5 (considering the current supply of just over 1 billion tokens).
This is a jump of more than 20 times from the current levels.