Today was a good day for memecoin fans, as the father of all memecoins, Dogecoin, has returned to the top 10 biggest crypto by market cap. But why is Dogecoin going up? Does this mean that other memecoins like Tamadoge are the new batch of hope for memecoins?

Why is Dogecoin Going Up?

Despite the recent rally in a bearish market, investors need to be aware that crypto currencies have these moments, where they close daily candles with a positive bull trend, only to collapse moments later. Since its latest ATH in May of 2021, and after the recent crypto crash, this is the only significant positive daily candle that Dogecoin has hit. Below are some possible reasons why Dogecoin is going up.

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Dogecoin Price Action

The Dogecoin price now is trading under $0.09 at the time of writing. To be more precise, Dogecoin still has a resistance level at that price action, and is fighting to go above the resistance. At the time of writing, Dogecoin has nearly hit a solid +16% gain, and is currently trading just above +14%.

Dogecoin vs Other trading pairs

(img source: https://messari.io/asset/dogecoin)

When analyzing the trading pairs of Dogecoin vs other coins like Ethereum, USD and BTC, you can see that in the period of 3 months it’s still going very bullish. This could just be an indicator that as soon as the market movement tends to go lateral, people jump straight into meme coins.

  • Dogecoin vs USD: looks bullish over a 3 month period
  • Dogecoin vs ETH: looks bullish in all scenarios, except for a slightly dip on the 1 month period
  • Dogecoin vs BTC: looks extremely bullish
  • Dogecoin vs DEFI: looks to be balanced in the long term, but similar to the others in the short term
  • Dogecoin vs Meme coins: Investors and fans seem to be looking at alternatives like Tamadoge, which is currently on its presale, for potential higher gains than Dogecoin.

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Dogecoin Core upgrade

Dogecoin recently completed its Dogecoin Core 1.14.4 upgrade. Elon Musk, who’s a known supporter of this dog coin, tweeted to comment about it.

The upgrade gives improvements to its blockchain and supposedly fixes issues such as lowering the dust limit.

Dogecoin pump because of other “meme coins”

There seems to be a lot of movement in the crypto market during this bear trend around NFTs, DeFi and meme coins altogether. Rumour has it that coins like Baby Doge Coin were a scam, and tried to rug pull most of their investors on pancakeswap. According to a thread on reddit, scammers tried to copy and make a false token with a similar name. You should always double check the contract address before investing a new coin.

On a positive note, coins like Tamadoge have raised over $4million dollars on their presale, within just a couple of days after being announced. Things look very bullish to the Tamadoge team. They are still going on pre-sale, and this gives potential investors a good chance of getting into a meme coin before it’s too late.

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What is Tamadoge Crypto?

Using the ‘Doge’ aesthetic, Tamadoge aims to create a community that is engaged and active.

Another ERC20 token that makes a list is Tamadoge, which combines meme coin concepts with a play-to-earn (P2E) gaming platform. In Tamadoge, players earned rewards regularly for skilled gameplay, just like in the best play-to-earn games. As such, players can manage and deal with their Tamadoge pets by breeding, caring for, and fighting them.

There are several different strengths and weaknesses to each of these pets, which are categorized as NFTs. Pet Tamadoge are born as babies, so their owners must raise them until they reach maturity. Tamadoge’s turn-based battling arena allows grown-up pets to battle other Tamadoge pets once they become adults.

What is the best way to buy TAMA?

Crypto community members have already expressed significant interest in Tamadoge as one of the most promising new coins in the market. Additionally, Shiba Inu and Dogecoin produced quadruple-digit returns in 2021 because of the token’s ‘meme coin’ feel.

Keeping this in mind, let’s look at the steps involved in buying Tamadoge to ensure everything goes smoothly.

Step 1 – Create a cryptocurrency wallet.

The first step to buying Tamadoge crypto is to create a crypto wallet. Several free and easy-to-use crypto wallets are available, but we recommend MetaMask since it supports multiple blockchains.

Follow the instructions to create the wallet by going to MetaMask’s website, clicking ‘Download,’ and then clicking ‘Set up.

Step 2 – Purchase ETH or USDT

USDT and ETH are both accepted as currencies for purchasing Tamadoge (TAMA) tokens. With a reputable crypto exchange or broker, you can easily buy Ethereum or USDT. ETH can also be purchased with a credit card or debit card via the Tamadoge presale platform.

Transfer your ETH or USDT into your new crypto wallet once you have purchased them.

Step 3 – Integrate wallet with Tamadoge Presale Platform

You can purchase Tamadoge by visiting its website and clicking on the ‘Buy’ button. Follow the instructions to link your wallet on the following page by clicking ‘Connect Wallet’ and choosing your wallet provider.

Step 4 – Buy Tamadoge

Choose your preferred currency (ETH or USDT, depending on which you hold) and enter the amount of Tamadoge tokens you wish to purchase (at least 10,000). Then, click on the option to convert your currency (ETH or USDT). In the next step, a pop-up will ask for your confirmation.

Step 5 – Get your Tamadoge tokens.

TAMA coins must be claimed in the final step. Click on ‘Claim’ on the Tamadoge website’s homepage once the presale has ended.

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Is now the best time to get into Dogecoin?

It’s true that Dogecoin has hit an astonishing mark of $11.5 Billion marketcap, and it seems like we won’t see the price recovering unless other most known cryptocurrencies like Bitcoin and Ethereum recover their once high marketcap.

Having said that, this could be the best opportunity to get into a project that’s starting fresh, with unlimited potential of growth. Tamadoge, which has already raised over $4million dollars on its presale shows promise, and looks like it could be the best option as an alternative to Dogecoin in the short term.

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