The past couple of days have been pretty rough on the crypto market – but not Cardano.
While Bitcoin, Ethereum, BNB, USDT, and other leading coins have been struggling to end the week on a positive note, Cardano became one of the most profitable cryptos in the past 48 hours.
Some of the main things that helped Cardano keep warm during this crypto winter are the constant local resistance testing and a solid recovery plan.
Currently, ADA is looking to break the 50-day moving average, which is the common barrier for cryptocurrencies going through a downward spiral.
If Cardano achieves this, the next resistance level will be at the price of $0.7.
With some of the most cutting-edge features in the industry, analysts seem certain that Cardano is a great long-term investment.
However, the new meme coin Tamadoge might be even better.
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Is Cardano Making a Comeback?
One of the main catalysts for the growing excitement in the Cardano community is the fact that the Vasil hard fork has been confirmed for release (22nd September).
Other additions include the GerroWallet release and the successful Aada finance audit.
At the time of writing, ADA saw a 5.7% increase in the last week and 2.7% in the last 24 hours.
After the Vasil hard fork upgrade date had finally been recorded, the project saw a very positive market reaction and recorded the largest spike in the last 30 days.
The social volume is also off the charts, which combined with the price increase and positive market sentiment, led to an increasing amount of attention coming from crypto whales.
Over the past three days, whale transaction counts were on the rise, which means that they’re buying the news amidst the Vasil upgrade.
The vast majority of analysts believe that Cardano will record a stellar performance in the next bull run due to the network’s fundamental value and robust features.
They also state that Shiba Inu and other speculative assets won’t garnish much attention, unless the market goes through another “overselling” stage.
However, there are also industry experts that don’t believe it’s time to get excited about ADA. Even though the price increase this week has been great, they attribute it to the discouraging volume influx.
According to Santiment, the on-chain crypto analytics platform, Cardano’s volume increased to around $647 million, which is 2% less compared to last week’s volume.
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Cardano Coming to the World’s Largest DApp Store
DappRadar, the Lithuania-based DApp store, announced its support for Cardano and urged developers working on the blockchain to turn in their contracts.
Considering the influence DappRadar has in the community and its ability to track more than 10,000 DApps across 30 protocols, Cardano’s price seems likely to increase even more in the following weeks.
Even though Cardano launched smart contracts almost one year ago, the platform still doesn’t have its own app.
According to DefiLlama, DApps built on Cardano have $88.48 million in TVL (total value locked), which places it on the 29th place.
Cardano could greatly improve this ranking if it releases its own robust app in the following period.
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Tamadoge Is a Better Alternative
Even though Cardano is showing glimpses of its old glory, industry experts still place Tamadoge as a better investment at the moment.
Tamadoge is a new meme crypto that combines advanced blockchain features with real-world utility, and utilizes Metaverse, P2E, and NFT elements.
This is unlike anything we’ve seen before in the meme coin universe.
Tamadoge’s ecosystem is based in the Tamaverse (Metaverse) where all activities like communication, gaming, and trading take place. The native token and primary currency is the TAMA token.
Within the Tamaverse, players can mint NFTs and acquire Tama pets. These pets need to be taken care of, fed, and trained, so they can compete in the Battle Arena and bring prizes.
The beta sale that was scheduled to last until mid-October ended just two weeks after it was launched due to massive demand - $2.1 million was raised in a record time.
As for the TAMA presale, 70% of tokens have already been sold out, but investors can still get them for a price of 1 USDT per 40 tokens. For every 100 million tokens sold, this price will gradually increase.
There are already a few CEX listings announced for when the project goes viral, which will additionally influence the value of TAMA tokens.
Notably, the project is 100% secure and the fact that it was KYC-verified by CoinSniper confirms that it’s not another “rug pull” asset.
Overall, Tamadoge is one of the biggest profit time bombs at the moment and analysts believe that it could even bring 100x returns by the end of 2022.
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How to Buy Tamadoge
Here is the exact guide you can follow for your first TAMA token purchase.
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet).
Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend MetaMask.
If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
Once you have your preferred wallet provider ready, click “Connect Wallet” and select the appropriate option. For mobile wallet apps you will need to select “Wallet Connect”.
You will then have three options: Buy ETH With Card. This option will allow you to purchase ETH that will be sent to your wallet by our partner, Transak.
You will then be able to use this ETH to purchase TAMA. Click “Buy Eth With Card” to begin and follow the on screen steps. We recommend purchasing a minimum of $15 worth of ETH to cover the minimum TAMA purchase. Buy TAMA With ETH.
Once you have sufficient ETH in your wallet (if you do not have ETH or USDT, please select option 1 to purchase ETH first), you can now swap your ETH for TAMA. Type in the amount of TAMA you wish to purchase (1,000 minimum) and then click “Convert Eth”.
Your wallet provider will ask you to confirm the transaction and will also show you the cost of gas. Buy TAMA with USDT. Please ensure you have at least $15 of USDT in your wallet before commencing the transaction.
Type in the amount of TAMA you wish to purchase (1,000 minimum). Click “Convert USDT”. You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. Please ensure you go through both approval steps in order to complete the transaction.
Once the presale has concluded, you will be able to claim your TAMA tokens. We will release details closer to the time, however you will need to visit the main site https://tamadoge.io and click on the gold “Claim” button.
Use the contract information below to add the TAMA token to your wallet.
Token symbol: TAMA