As most of you know, Ethereum (ETH) has been in the market for a while now and has shown clear use cases, stable projects and the knowledgeable team behind it.
Just as it’s the case with other coins, Ethereum has its ups and downs but has always been able to get back to the top, close to Bitcoin and qualify itself as a stable coin.
With the whole situation globally, its transition to ETH 2.0 and other factors, its long-term future and sustainability is yet to be discussed, so we’re going to try and cover the current situation, ongoing trends and the future price and plans for this cryptocurrency.
Speaking about interesting coins, we’re also going to try covering the TAMADOGE coin, which is on pre-sales at the moment.
Stay with us until the end of the article as we’re trying to give you the latest updates and analysis.
Have you heard of Ethereum yet?
For those who are new to the crypto world, Ethereum (ETH) is a blockchain-based software platform that can be used for sending and receiving value globally with its native cryptocurrency, ether, without any third-party interference. But it can also do much more than that.
First proposed in 2013 by Vitalik Buterin, Ethereum was designed to expand the utility of cryptocurrencies by allowing developers to create their own special applications. Unlike traditional apps, these Ethereum-based applications, called “decentralized applications,” or dapps, are self-executing thanks to the use of smart contracts.
Smart contracts are code-based programs that are stored on the Ethereum blockchain and automatically carry out certain functions when predetermined conditions are met. That can be anything from sending a transaction when a certain event takes place or loaning funds once collateral is deposited into a designated wallet. The smart contracts form the basis of all dapps built on Ethereum, as well as all other dapps created across other blockchain platforms.
How does it work?
Ethereum (ETH) has its own blockchain where a global network of computers known as “nodes” maintains a record of transactions. Literally, anyone can run an Ethereum node and participate in validating the network provided they have the right equipment, knowledge and time to do it.
There are three basic types of nodes that operate on the Ethereum network, such as:
- Full nodes: They copy and verify all transactions on the Ethereum blockchain, as well as execute smart contract instructions known as opcodes.
- Light nodes: Their job is to maintain only a partial record of the blockchain and request the rest of the data from full nodes.These nodes can run on lighter devices such as mobile phones.
- Full archive nodes: Thes exist to keep the entire history of the Ethereum blockchain, including previous “states” – or the information on the blockchain – and are used for tools like block explorers.
The main difference between a full node and a full archive node is that a full archive node does everything a full node does but also compiles an archive of all previous states.
The Ethereum blockchain relies on miners to discover new blocks. Miners compete using specialized computing equipment to win the chance to be the next person to add a block to the chain and get rewarded with transaction fees and “block rewards.”
Block rewards are new ether coins that are created when each new block is discovered and are given to the successful miner for their efforts.
Once a block is added, the rest of the mining network verifies it to make sure the balances are correct and the transaction isn’t a “double-spend” – for example: someone isn’t trying to spend money they don’t have. Full nodes then make a record of the final data.
What is the difference between Ethereum and Bitcoin?
Ethereum builds on Bitcoin’s innovation, with some big differences. Both let you use digital money without payment providers or banks. But Ethereum is programmable, so you can also build and deploy decentralized applications on its network.
Ethereum being programmable means that you can build apps that use the blockchain to store data or control what your app can do. This results in a general purpose blockchain that can be programmed to do anything. As there is no limit to what Ethereum can do, it allows for great innovation to happen on the Ethereum network.
While Bitcoin is only a payment network, Ethereum is more like a marketplace of financial services, games, social networks and other apps that respect your privacy and cannot censor you.
Why would you use Ethereum?
If you’ve ever sent money overseas (or plan to), or had to worry about the future of your assets due to external forces outside of your control where you live, or been fed up by the numerous restrictions and fees imposed by traditional financial institutions for everyday transactions, you might be interested in what cryptocurrencies have to offer.
Bear in mind that Ethereum is a story that is still being written, and many more reasons to use it are being uncovered as it evolves and develops over time.
We’re going to name just a few reasons why should you use ETH:
- Cheaper & faster cross border payments
- The quickest help in times for crisis
- Empowering creators
- Empowering gamers
Ethereum Price Predictions
In August 2014, Ethereum launched its native token, ether, through an initial coin offering (ICO). Some 50 million ETHs were sold at a price of $0.31 per coin, raising over $16 million for the project.
Unlike many other cryptocurrencies, Ethereum’s cryptocurrency has an unbounded supply, meaning there is no limit to how many ether can enter circulation.
It wasn’t until the 2017 bull crypto market started to pick up in May of that year that ETH price went above $100 for the first time. From there, ether skyrocketed to a peak of $414 in June 2017 before correcting. It took another five months for bullish momentum to regain strength. By that point, the entire crypto market was starting to experience huge buying pressure, which elevated almost every crypto token to new highs. By January 2018, ETH’s price peaked at $1,418 before it fell sharply.
It took about three years for the second-largest cryptocurrency by market cap (behind bitcoin) to retest its previous all-time high price. Between February and May 2021, eth’s price more than tripled to set a new all-time high of $4,379.
Just as every other coin crashed during this year, that was the case with ETH but it looks like it’s coming back. In the last 3 months, the price has dropped from $2,000 to 1,500 but started recovering in the last month. The price at the moment of writing this article is $1,899.62 and it keeps going up.
It’s clear that Ethereum has a strong use case and the prices going down are just a short-term setback. With ETH blockchain technology and given that more and more companies are starting to use it, we predict a very bright and successful future for this cryptocurrency and its investors.
Ethereum 2.0 and the Future
Ethereum 2.0, also known as “Serenity,” is a major upgrade that aims to make the world’s second-largest crypto project faster, more efficient and more scalable by migrating the network from a proof-of-work to a proof-of-stake system.
Ethereum’s new proof-of-stake (PoS) system involves users of the network locking up their coins to become network contributors, as opposed to using expensive, energy-intensive mining equipment.
With PoS and sharding both enabled, Ethereum developers expect that they will make further tweaks to enhance the security of the network. That includes adding anonymity features to conceal validator identities behind block proposals.
It also includes leveraging new technologies such as the Verifiable Delay Function (VDF) to further secure the randomness of validator assignments and make it harder for malicious actors to disrupt the network.
THE NEW ATTRACTIVE MEME COIN IS IN THE BLOCK
ETH as a stable coin and its blockchain technology is a sure thing at the moment and you could compare it to some stocks that will be here forever.
On the other hand, just as Ethereum was an unknown crypto, there’s a lot of new coins that deserve our attention and could be the next best thing in its field, just as ETH and BTC are in theirs.
Without further ado, let us introduce you with the TAMADOGE.
What is TAMADOGE?
Tamadoge is the currency at the center of the Tamaverse, allowing you to create, breed, care for and battle your TAMADOGE pets. This is a meme coin with utility. Launched in July 2022, TAMADOGE is a deflationary cryptocurrency whereby users can battle to climb up the
leaderboard by gaining Dogepoints.
Users with the most Dogepoints at the end of each month will be able to claim their winnings from the monthly Dogepool. Your Tamadoge will grow with you, becoming stronger over time, but make sure you look after them. If you leave your Tamadoge for too long then they’ll end up as a Tamaghost.
What is TAMA & TAMAVERSE?
Whilst everyone has been focused on the “Metaverse”, they’ve missed the next big thing – the Tamaverse. That’s where Tamadoge comes in, bringing the Tamaverse to life!
Tamadoge is using the latest NFT and token standards to bring you a token that can inject life into the Tamadoge pets. They’re working hard to ensure your Tamadoge feels like as much a
member of your family as your grandma.
Their roadmap is fully transparent, and they’ve worked with a cutting edge development team to make sure it’s not full of empty promises. When Tamadoge makes a promise, Tamadoge
Tamadoge – Taking the Play-to-Earn Niche
Tamadoge’s remarkable success has been attributed to the project’s exciting use of play-to-earn (P2E) mechanisms. These mechanisms allow users to earn tokenized rewards through skilled gameplay, which can then be spent on in-game items or withdrawn to an external wallet.
Tamadoge takes this process one step further by combining these P2E elements with an appealing ‘meme coin’ aesthetic. Within Tamadoge’s ecosystem, players can own ‘Tamadoge pets’ (which are structured as NFTs) and use them to battle other users’ pets.
What are Tamadoge Pets?
Tamadoge pets are at the core of the Tamadoge project. These mintable, tradable NFTs are pets that you can buy using your Tamadoge token. Each Tamadoge Pet is minted as a baby, and every single one has it’s own unique stats, strengths and weaknesses.
As you feed and play with your Tamadoge pet you’ll see it grow over time – with the way you look after your pet shaping the way in which it grows and matures. Once your Tamadoge pet
grows into an adult, it’s able to battle other players pets in order to become top Doge on the Tamadoge leaderboard, using the turn based Tamadoge battling arena.
How does the Tamadoge store work?
Whenever you make a purchase in the Tamadoge store, from buying your newest Tamadoge pet through to buying food and toys or even just a cool new hat, you’ll always be paying with
The token that you use to make the purchase will be split between three different pools, which are designed to provide upwards price pressure for the token, allowing the TAMA team to keep developing the platform and provide a source of tokens for the P2E elements of the game.
5% of the tokens spent will be burnt completely, meaning that for every 100 tokens spent, 5 will be removed, consistently reducing the supply of tokens. 30% of the tokens spent will be used for marketing and platform development, allowing us to grow the Tamadoge following and produce an even better platform.
Finally, 65% of all tokens spent will be added to the P2E prize pool. This is used to pay out rewards from the Tamadoge leaderboard, directly to the community.
‘Meme coin’ sensation Tamadoge has just announced that its Beta sale allocation has sold out – way ahead of the September 2nd deadline.
Tamadoge’s team has raised $2 million worth of USDT in a matter of weeks and will now be moving onto the presale phase, which will see the token’s price increase by 25%.
Investors who acquired TAMA tokens through the Beta sale are likely thrilled with this news as Tamadoge gears up for CEX listings later in the year.
What’s on the roadmap?
There’s a lot of things planned for the Tamadoge token, and so we thought it would be helpful to show the roadmap for the Tamadoge project.
How To Buy TAMADOGE?
Here are the easiest steps to buy yourself a TAMA:
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 ommencing 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
We’ve covered two totally different coins today and you should definitely use the best of both worlds. Most of the money should go to the stable coins while the rest would go to the more risky projects.
Somewhere you win, somewhere you lose. Remember, never invest the money that you can’t live without. And, as we’re always saying, before doing any investing – you need to do your own research before deciding to invest.
- Smart contract code: Ethereum stores smart contracts, which describe the rules that need to be met for money to be unlocked and transferred.
- Smart contract state: The state of the smart contracts.