Tuesday, Jun 06, 2023

Why Is Bitcoin Crashing Today? Investors Jump To TAMA And Other Smaller Coins For Gains

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Why Is Bitcoin Crashing Today? Investors Jump To TAMA And Other Smaller Coins For Gains

The crypto is expected to rebound very slowly due to the growing uncertainty in the global markets. The FED is raising interest rates, and with the war in Ukraine going on, inflation is hitting a 40-year high mark.


Bitcoin has been the world's leading cryptocurrency from day one. It saw incredible growth in the past few years, reaching a price of over $65,000, but it also reached some massive lows. Bitcoin fell to about $21,000 during the last crypto crash, and it's struggling to recover. When it looked like Bitcoin was on its way back up, the price stalled around $23,000.

The crypto is expected to rebound very slowly due to the growing uncertainty in the global markets. The FED is raising interest rates, and with the war in Ukraine going on, inflation is hitting a 40-year high mark. As a result, Crypto investors are looking for alternatives with higher growth potential, and Tamadoge is on top of their priority list.

Bitcoin Slows Down as Markets Recover

Before we get into the details, Bitcoin is still the highest-ranked crypto in the world. It's also expected to go on a bull run in the next few months, but it's unlikely to reach its previous all-time high anytime soon. Instead, the crypto is struggling to break the $25,000 mark as the markets recover from the crash, just like Ethereum and many other popular tokens.
Bitcoin lost over 70% of its all-time high, but despite that, it's showing signs of recovery. After all, it entered 2021 in the $30,000 range, which doubled by the end of the year. However, that was when the entire world was recovering from the pandemic. Things have changed dramatically since then, and the whole world is slipping into a recession. Investors are aware of the current situation, which is why most of them move away from Bitcoin and into new cryptos with higher growth potential. 

Tamadoge - A New Meme Coin with Massive Growth Potential
Tamadoge is one of the newest crypto projects to hit the markets in late 2022. It's also the first meme token set in a metaverse, with features such as a built-in NFT store, Play-to-Earn mechanics, and real token utilization. It aims to redefine how we think about meme coins, and it's serious about it. 
The platform's native token, called TAMA, is used for all transactions within the Tamaverse. Tokenization is also on the highest level. Namely, there is a total of 2 billion tokens, half of which are currently available in presale. 45% of the other half will be locked on a DeFi exchange for liquidity, while 5% will be burned to diminish token supply. Out of all TAMA tokens used in the Tamaverse, 65% will be given back to token holders through P2E rewards, while another 5% will be burned at the end of each month. 
In other words, the starting supply of TAMA tokens will keep shrinking in the future, which will only help drive their price higher. Considering that the project is already fully KYC'd on CoinSniper and audited by Solid Proof, it's looking like one of the best investments in 2022, and experienced traders know that.
TAMA tokens are currently available in presale for $0.03. Over 50% of all tokens have been sold already, and their price will keep increasing after every 100 million tokens sold. Tamadoge should go live in late 2022, which will immediately increase the tokens' value by 25%. That means that the only way their price will go in the future is up, which makes it a much safer investment than Bitcoin. Lastly, if you invest at least $100 in TAMA tokens, you can also enter the $100,000 token giveaway. The luckiest investor will receive the entire amount, which could turn into millions within a year.
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How to Buy TAMA?
Although the Tamadoge presale started only recently, investors worldwide have already done their part to capitalize on this incredible investment opportunity.
Check out this guide if you want to become a Tamadoge community member and potentially get rich by investing in Tamadoge. The step-by-step guide will explain each process in great detail, so make sure to read it carefully.
Once you complete all the steps, you’ll be a proud owner of your first Tamadoge token.  

Step 1 – Create a Crypto Wallet  

If you don’t already have one, you first need to create a crypto wallet to buy Tamadoge.  
Most wallets are simple to create and are completely free. With that said, we recommend that you go with MetaMask since it includes multi-chain support.  
Go to MetaMask’s official website, press “Download,” and follow the instructions to set it up.  

Step 2 – Buy ETH/USDT 

You can buy TAMA coins only through Ethereum (ETH) or Tether (USDT). Both of these cryptos can be acquired through the major crypto exchange platform.  
However, you also have the option to purchase ETH directly via credit/debit card on Tamadoge’s official presale platform.  
After you buy ETH/USDT, transfer the tokens into your crypto wallet.  

Step 3 – Connect the Crypto Wallet with Tamadoge’s Presale Platform  

Go to the official Tamadoge website and press ‘Buy.’  
Next, click on ‘Connect Wallet’ and pick your wallet provider. You’ll see a bunch of instructions pop up; follow them to finish the connection process.  

Step 4 – Purchase Tamadoge  

Type in the exact amount of TAMA coins that you want to buy (the minimum is 10,000) and press ‘Convert ETH’ or ‘Convert USDT.’  
Double-check the information you entered and confirm the transaction if everything is correct.  

Step 5 – Claim the Tokens  

Lastly, all that’s left for you to do is claim the Tamadoge tokens.  
But, you should know that the ‘Claim’ option will be available only once the presale ends.
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How does The Crypto Dip Affect Investors?

The recent development in the crypto industry is forcing investors to change their strategies. Those who buy and hold their tokens expect to see price swings anyhow. Of course, dips happen all the time, but as long as the general trend is upwards, there is nothing to worry about. 
Experts recommend that investors spend no more than 5% of their wealth on cryptocurrencies due to the volatile nature of digital assets. Loses are always a part of the game, so the set and forget approach is the safest. However, if you're not OK with losing money, it's best to diversify your investments into multiple cryptos. However, it's essential to identify the projects with the highest growth potential to increase your chances of success.

Bitcoin or Tamadoge - Which is a Better Investment?

As mentioned above, Bitcoin should keep growing steadily in the future. Therefore, it's still an excellent investment if you want to buy and hold tokens. On the other hand, if you're looking for crypto with huge return potential, it's always best to invest as early as possible. 
Since Tamadoge is still in its earliest stages, and TAMA tokens are available in presale right now, you still have a chance to become an early investor. However, you can expect huge returns almost immediately once the project goes live. Therefore, if you can, invest in both cryptos, but if you're a beginner looking for huge returns, Tamadoge is a better option.
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