Tamadoge Price Retraces – Perfect Dip-Buying Opportunity?

Tamadoge retraced these days, but it seems to be an awesome opportunity to buy in a dip in advance of a breakout in price within the coming days and weeks.

At the time of writing, TAMA is trading at $0.036, down from the remaining week's all-time high of $0.194 and around 1% down within the closing 24hrs.

However, amid a number of recent traits within the coming days and weeks, numerous signs appear to indicate that TAMA will be set for some other surge in fees.

Tamadoge Ultra-Rare NFTs On Sale 

Although Tamadoge is a meme coin undertaking at heart, the builders promised from the beginning that the token could convey more utility than other cash in the equal asset class.

Starting at 1ETH, Tamadoge #1 has attracted a top bid - so far - of 2.12ETH, 112% above the starting price.

The extremely-rare pets will boast boosted stats inside the Tamadoge recreation, a Tamagotchi-style play-to-earn (P2E) recreation that will see players feed and develop their pets.

When the pets are fully grown, players do conflict with each other for the chance to move up an international leaderboard for rewards and prizes.

Furthermore, the sport will have a direct impact on the price of TAMA through its burn mechanism inside the puppy save.

Toys, treats, and meals for the pets are bought with TAMA inside the puppy keep, and 5% of each transaction is burned, making the coin deflationary.

Later parts of the roadmap display extra P2E mini video games that will be released in the Tamaverse, whilst an augmented reality app is under development and set for launch in Q4 2023.

Players might be able to take their pets out into the real world to explore and hunt.

It is rumored that Tamadoge developers will be making an announcement on game development this week, while it is still to be revealed when the remaining 21,000 NFT pets (1,000 rare and 20,000 common) will go on sale.

 TAMA holders continues to grow.

While there has been sideways movement inside the TAMA rate in recent days, with the coin ranging between $zero.0.5 and $zero.04, there are other indicators that appear bullish.

TAMA is still the third-largest meme coin by volume, trailing only Dogecoin and Shiba Inu, with $11 million traded in the last 24 hours. 

RichQUACK is the runaway leader on that list-and has made profits of 21% within the last 24 hours-but to a much lower extent ($7 million) than TAMA.

This could imply that TAMA is being heavily traded and scalped, stopping a real breakout in charge.

Another indicator that would support that speculation is that, notwithstanding the price falling on the closing day, the variety of holders has truly multiplied in the last 24 hours, according to data on Etherscan.

This means that buyers can still take profits or scalp, but the vast majority of them are staying in the market because they are bullish in the long run.

A utility for a listing on Binance has also been completed and submitted, and a listing on the world's largest trade will see the charge skyrocket.

Price Prediction: Tamago to $1? 

While Tamadoge remains a long way from attaining $1, the likelihood the coin reaches that focus point in the future is many times larger than some of its larger and trending rivals.

Tamadoge capabilities a small supply of cash for a meme task—simply 2 billion—which pales in comparison to the likes of DOGE, SHIB, and QUACK.

Dogecoin has an endless and ever-growing delivery (with a modern-day circulation of one hundred thirty billion), which means accomplishing $1 could take a massive amount of investment to get to that stage.

Meanwhile, TAMA wishes a marketplace cap of simply $2 billion to reach $1-and less considering the pet shop burn so that it will see 5% of tokens burned.

Both SHIB and QUACK are hyper-deflationary, but, given the size of their preliminary components, it is hard to see them betting TAMA to $1.

SHIB's supply is currently 550 trillion (275,000 instances bigger than TAMA) even as QUACK has a 50% burn mechanism, but its delivery began at an initial one hundred thousand billion (a hundred quadrillion).