Time to Buy Dogecoin? DOGE Price up 8% as Alternatives like Tamadoge also Rocket

By Bitcoinist - 1 year ago - Reading Time: 2 minutes
Sun, Aug 14, 2022 6:06 PM

Time to Buy Dogecoin? DOGE Price up 8% as Alternatives like Tamadoge also Rocket

Dogecoin closed out the week strong with an 8% pump on Sunday August 14th, up around 14% in total on its weekly candle.

Heading into the latter half of the month the Dogecoin price is now up 60% from its lows – however Ethereum is up over 120% since crashing to $880, hitting just over $2,000 this week.

The Dogecoin price now is just under eight cents – $0.079. That’s still a 90% retracement from its all time high the week Elon Musk went on Saturday Night Live – topping out at $0.74.

Also the Dogecoin price is being outperformed by its rival meme coin Shiba Inu – SHIB is one of the top crypto gainers today, up over 20% on this Sunday pump.

Bitcoin and Ethereum are up 1% on the day, their strong performance this month leading to a mini alt season – which some of the best crypto traders are still calling a bear market rally.

The total crypto market cap is now over $1.15 trillion but down around 60% from its November 2021 peak of $3 trillion.

This latest impulse move to the upside and sea of green in the market could turn red if Bitcoin fails to break out above the $26,000 – $28,800 resistance area.

The Dogecoin price drop over July also saw DOGE lose its 10th position on CoinMarketCap to Polkadot (DOT), and DOGE is still in 11th today even after this weekend pump.

Most retail investors that bought Dogecoin in 2021 or 2022 are now down on their investment – only those that got in early are in the green.

Potentially similar to buying Dogecoin in 2020, Tamadoge (TAMA) is a Doge meme themed ERC-20 token and the native coin of an upcoming play to earn game.

The Tamadoge presale has now raised 3.5 million USDT, almost 20% of its 19 million USDT hard cap and is active now until Q4 2022.

Its use case is having higher utility than Dogecoin as the rewards token of the upcoming Tamadoge battle app where players can mint, train, feed then battle with Tamadoge NFT pets.

Play and earn crypto games or ‘blockchain games’ have performed well despite the bear market according to the latest crypto market report by DappRadar. Shiba Inu’s latest pump is likely related to the successful beta rollout of its Shiba Eternity P2E game.

TAMA is also deflationary with a low fixed maximum supply of 2 billion compared to the infinite supply of Dogecoin which has risen to almost 133 billion due to being inflationary.

Visit the Tamadoge presale at buy.tamadoge.io and find links to the roadmap and whitepaper.

The official Telegram of this new meme coin project has also grown to over 23,000 members and is giving away $100,000 in its crypto airdrop promotion.

Find the details in the pinned messages (admins will not DM you first) or via Twitter.

The Tamadoge project also have a confirmed listing on LBank for TAMA after the presale concludes – alongside Uniswap. Being listed on both a CEX and DEX will add a higher potential trading volume.

Original source: Bitcoinist