The price of Bitcoin dropped yesterday after the data regarding US inflation showed that it rose significantly more than was expected in August. The data served as a hint that the Federal Reserve will probably continue to dictate tighter financial conditions, which could negatively impact digital assets.
The value of Bitcoin dropped 4.97% in the last 24 hours. At the moment, the price of Bitcoin is $20,346.91, which is a lot lower than its previous price before releasing the US CPI (consumer price index) for August, which was $22,400.
Bitcoin went through significant price changes going from $18,500 over $20,000 and even reaching the value of around $22,000. When compared to the price of $30,000 that it had in June this year, the drop is significant.
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Consumer prices increased 8.3% during August, which is a minor decrease from the percentage we had in July, which was 8.5%. Expectations of economists were that we would see a growth of 8% year-over-year. Bitcoin is simply adapting to the conditions of the market, but the drop has been sharper since the data release.
Having the highest inflation rates in decades resulted with the Federal Reserve responding by tightening financial conditions this year. This shift increased the recession risk and badly impacted both cryptocurrency and stocks. Bitcoin's value has dropped more than 50% in 2022. What the investors wanted to see were the signs that this inflation had reached its peak or that it had started cooling.
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In the midst of the issues that Bitcoin is going through, one coin seems completely unharmed by the situation on the market. Tamadoge (TAMA) raised an incredible $16,2 million in less than two months which is amazing for sure!
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How is TAMA achieving such enormous success?
Tamadoge is an interesting ecosystem that has a completely innovative approach to investors by providing all the information they need. There is a transparent roadmap that the investors can see and rely on, so the presale is organized in stages, each one with known conditions.
Progressing from one stage to another means a price increase for TAMA, which is beneficial for early investors who already have a clear idea of how much they could gain from their investment. Together with optimistic predictions that the price of TAMA tokens will go from 10x to 100x growth, it makes TAMA a perfect investment during the turmoil that the crypto market is going through.
TAMA is a deflationary coin which means that one portion of the tokens will be burnt once the presale is done. While the presale is ongoing, there will be 1 billion tokens available, while the total number of tokens is 2 billion. There will be 5% of tokens burned, which will surely impact the price positively and drive the demand immensely. Tamadoge investors will get a chance to win 100k worth of TAMA tokens, which is certainly a great incentive for all investors.
Tamadoge was made for the players who are also enthusiastic about the crypto market. They will be able to explore all the possible options. The investors will have a chance to nurture a pet and battle with it, but since every pet is an NFT, that pet can also be traded or sold on the market.
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The chance to explore Tamaverse will surely bring lots of joy to the players who would like to take a peek into virtual reality while also ensuring gains. There are certainly lots of things to look forward to, and since the presale is still not finished, this is your chance to become a part of this exciting project!
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How to buy TAMA?
The process is quite simple, and if you wish to buy your TAMA coins, you can easily do it by following these steps:
Step 1 – Set Up a Crypto Wallet
Those looking to buy Tamadoge crypto must first set up a crypto wallet. Many of the best crypto wallets are free and easy to use, although we recommend using MetaMask, due to its multi-chain support.
Head to the MetaMask website, click ‘Download’, and follow the on-screen instructions to set up the wallet.
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Step 2 – Purchase ETH or USDT
Tamadoge (TAMA) tokens can be purchased using either ETH or USDT. It’s easy to buy Ethereum or USDT using a respected crypto exchange or broker, although you can also buy ETH through the Tamadoge presale platform using a credit or debit card.
Once you have purchased ETH or USDT, make sure to transfer your holdings into your new crypto wallet.
Step 3 – Link Wallet to Tamadoge Presale Platform
Head over to Tamadoge’s website and click ‘Buy’. On the following page, click ‘Connect Wallet’, choose your wallet provider, and follow the instructions to make the link.
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Step 4 – Buy Tamadoge
Enter the amount of Tamadoge tokens you’d like to purchase (minimum 10,000) and click ‘Convert ETH’ or ‘Convert USDT’, depending on which currency you hold. A pop-up will then appear, asking you to confirm the transaction.
Step 5 – Claim Tamadoge Tokens
The final step is to claim your TAMA coins. You can do this once the presale has concluded by clicking ‘Claim’ on the Tamadoge website’s homepage.
Following these steps won't take more than a few moments to finish, so you can become a TAMA investor today.
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Conclusion
We are certainly going through a very rocky period regarding finances in general, which is surely impacting the stock market and the crypto market as well. Bitcoin is truly going through many ups and downs, and its price is heavily influenced by everything that is going on in the world right now. Until the situation settles down a little bit, investing in TAMA can be a perfect alternative, so if you wish to become an early investor, make sure to hurry up before the presale is over!
