So many young people are investing in crypto as it’s one of the most popular options to get rich quickly. Interesting thing is that it’s not only for IT geeks and young hustlers. If you pay more attention to what’s happening in the market, there’s a lot of institutions, corporations and serial investors interested in this kind of investment. 

We all remember Terra Luna and the hype around it given its system of enabling holders to stake the LUNA cryptocurrency to provide liquidity and earn rewards. That earned them a nice price of nearly $150 but now their prices dropped below $1. 

With new, attractive meme coins who offer the same or similar abilities, such as TAMADOGE, this might be challenging for Terra and its founders.

With all the chaos in the market and the Terra Luna shift to Terra 2.0, there’s left to see if this coin is getting its comeback or it will stay down while new players such as TAMA are arriving on the scene.

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Terra Luna Story

LUNA coin was created by the South Korean firm Terraform Labs, and launched on cryptocurrency exchanges in July 2019.

The coin was developed on the Terra blockchain as part of a dual-token system with the stablecoin terraUSD (UST). UST was minted by burning LUNA, which gave LUNA its value and, theoretically, maintained the stability of UST.

As well as powering its stablecoin, holders could stake the LUNA cryptocurrency to provide liquidity and earn rewards. It was also used as a governance token for investors to vote on proposals affecting the network’s future.

Terraform’s whitepaper, called Terra Money: Stability and Adoption, was published in April 2019. 

It stated: “While many see the benefits of a price-stable cryptocurrency that combines the best of both fiat and bitcoin, not many have a clear plan for the adoption of such a currency”.

There does seem to be a desire to continue improving Terra among its user community. They have recently shown a sacrificial willingness to burn their LUNA tokens, in an effort to drive up the price. Do Kwon, despite being unsupportive of such a plan, also shared a burn address for the community to send their unwanted tokens to. 

The new blockchain launched on 27 May, but LUNA still has its work cut out to rebuild trust among investors and exchanges after millions of dollars were lost. For example, Binance’s $3m investment, which reached a high of $1.6bn in April 2022, plummeted and is now worth less than $3,000. 

Despite listing the new token, Binance’s chief executive Changpeng ‘CZ’ Zhao expressed a critical view of it in an interview with Fortune. He said: “The fact that the project team made design mistakes before [and] was slow in the operational response and hurt a lot of people already – we’ll take that into full consideration.”

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Terra Luna Price History

In 2019, LUNA launched at $1.31 but found itself on a downward trajectory for the first 18 months. After September 2019, LUNA kept recording new lows. It dropped to $0.21 on 18 December 2019, before dipping even lower to $0.12 on 18 March 2020.

On 19 August 2020, Terra announced LUNA would be listed on the exchange platform Binance. Users could stake their LUNA coins from 28 August and the price rose from the $0.33 mark in July to $0.56. However, it was not long before it dipped again. 

Despite UST launching in September that year, LUNA fell back to $0.32.  At the beginning of 2021, LUNA started behaving bullishly. On 9 February, it reached $6.44 and climbed even higher over the next six months, hitting $34.96 on 28 August. The crypto market crash on 7 September 2021 saw it fall to a closing price of $27.79.

Terra Luna Price Prediction for the rest of 2022

What do our forecasters predict is likely to happen to Terra in the upcoming months? 

This is what they are saying about the LUNA coin price prediction for 2022 and beyond.

We expect for the LUNA crypto price depreciating trend to continue. The fear and greed index is displaying  “fear” with 27 out of 28 technical analysis suggesting investors should sell. Based on our Terra Classic forecast, it’s now a bad time to buy Terra Classic.

We don’t think it will surpass the $1 mark again. The site’s LUNA crypto forecast says it will stay at an average price of $0.00012 this year. This is expected to climb marginally in 2025, when an average price of $0.00018 is predicted. By 2031, its Terra Luna coin price prediction anticipates it to climb to $0.0004.

Terra Classic is expected to see a gradual climb and hit $0.002 in 2028. According to its LUNA coin price prediction for 2030, the cryptocurrency is expected to reach $0.003 that year.

With the declining prices and the lack of belief in Terra’s abilities and use cases, people turn to other projects that look more promising. 

One of them is TAMADOGE, the memecoin with utility. Launched in July 2022, TAMADOGE is a deflationary cryptocurrency whereby users can battle to climb up the leaderboard by gaining Dogepoints.

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Is TAMADOGE the new cool kid on the block?

Tamadoge is the currency at the center of the Tamaverse, allowing you to create, breed, care for and battle your TAMADOGE pets.

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. 

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METAVERSE vs. 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.

Where do Tama pets come in?

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 its 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.

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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 Tamadoge token. 

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.

TAMA vs Terra Luna

One of the reasons investors are excited about Tamadoge’s future is the token’s deflationary characteristics. Instead of employing a transactional tax, like many other tokens, Tamadoge’s team has opted to implement a ‘token burn’ mechanism into in-game purchases.

Each TAMA token had a nominal value of $0.01, with the minimum investment threshold set at just 1,000 tokens (around $10). Due to Tamadoge’s potential within the meme coin niche, this presale immediately began gaining traction, raising over $500,000 in the first few days of its launch.

Once the presale phase ends, the TAMA token price will increase by 25% to $0.0125. No end date has been set for the presale phase, although Tamadoge’s team already has some exciting plans for after its conclusion.

Given the TAMA’s growing popularity, it already shows potential to outperform Terra Luna and we wouldn’t exclude the possibility of this coin price going up to $1.

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How To Buy Tamadoge

You’ve read our analysis and made a smart decision to buy this hot coin. So, now what?

Here are the easiest steps to buy yourself a TAMA:

STEP 1

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).

STEP 2

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.

STEP 3

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.

Tamadoge Contract

Use the contract information below to add the TAMA token to your wallet.

Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8

Decimals: 18

Token symbol: TAMA

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Final Thoughts

You’ve learned about the Tamadoge and the benefits of buying the coin while it’s still low. Also, with declining coins, such as Terra, you should consider researching some new, interesting projects. 

Our personal recommendation is to give a chance to Tamadoge. Of course, do your own research first. That’s what we always tell you.