The leading cryptocurrencies like Bitcoin and Ethereum have plunged significantly early this morning (Friday, August 19th), resulting in a rapid stop of the weeks-long bullish trend.

Other leading altcoins weren’t spared either and tens of billions in value were seemingly shredded in a matter of just minutes, slowing down the severe bear market recovery.

However, some coins like Tamadoge have remained in the positive sentiment zone and continue reaching new milestones.

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Leading Cryptocurrencies Take a Sudden Nosedive

Bitcoin, the largest crypto in terms of market cap (38% of the total market) dropped to $21,808 per token earlier today.

This is BTC’s lowest price in the past three weeks and it’s a 7% 24-hour drop.

Due to an abrupt selloff, for which we still don’t know what caused it, a huge portion of Bitcoin value plunged in just a matter of minutes.

Ethereum, the crypto market’s runner-up, suffered a similar fate with a 6% drop in the last 24 hours that led to a price of $1,728.

Even though the founder of BitMEX, Arthur Hayes, forecasted a decline in ETH’s price before the upcoming merge, no crypto analysts seem to have a valid explanation for this sudden selloff.

Other leading altcoins saw their fair share of decreases as well, including Ripple’s XRP (9%), Binance’s BNB (8%), Solana’s SOL (11%), and Cardano’s ADA (12%).

The dog-themed meme coins like Shiba Inu and Dogecoin went through a decline of around 14% during this same period.

While some currencies managed to remotely recover over the past few hours, overall values are still widely depressed.

Naeem Aslam (AvaTrade and Forbes Chief Analyst) stated that shares of major crypto companies such as Coinbase, Riot Blockchain, and Marathon Digital all took a nosedive as well.

According to CoinMarketCap and CoinGecko, the current value of the crypto market stands at $1.09 trillion, which is 6% less than its 24-hour high.

Compared to the all-time high of more than $3 trillion in November 2021, the market is in need of a massive recovery.

While there still is a light at the end of the bear market tunnel, most of the leading cryptos are still battling the consequences of the market-wide crash that occurred at the beginning of 2022.

This crash has shredded more than $2 trillion in market value and the rising global inflation isn’t providing much help either.

Bitcoin’s current price is 70% less than the $69,000 ATH in November 2021, and even though it maintained the $23,000 mark for almost a month, the sudden decline has put it back to $21,808.

Lastly, many coins are still suffering from the Terra Luna black swan event, when the seemingly secure stablecoin totally collapsed in May 2022.

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Tamadoge Remains in the Positive Sentiment Zone – Still the Hottest Presale in the Industry  

Tamadoge has been on an upward spiral for weeks now and even though this morning’s selloff does leave certain consequences, the project continues to reach new milestones.

Already named the “killer” of Dogecoin and Shiba Inu, Tamadoge is one of the rare coins that seem like a safe investment in this volatile market.

Tamadoge is unlike any other dog-themed meme coin currently on the market – it comes with utility, has its own Metaverse (Tamaverse), and offers P2E opportunities.

The native token and primary in-game currency is TAMA, and it’s used for reward distribution, shop purchases, and pretty much every other in-game transaction.

Tamadoge NFTs represent baby pets that need to be taken care of and trained for battle. Once players learn the ropes around the pet’s abilities, they can win great prizes from the Dogepool.

CoinSniper KYC-verified the project and SolidProof.io audited it for smart contracts, which means that investors can rest assured that there isn’t any “rug pull” danger with Tamadoge.

Just a few days ago, the beta sale for TAMA tokens has officially ended and $2 million was raised.

But, this doesn’t mean that you can’t get your first TAMA tokens for a low price – the presale is still live and it’s the hottest one in the industry.

You shouldn’t wait too long though since the price will gradually increase with each stage.

There is also a $100,000 crypto giveaway to look forward to; it will take place on the day of the main prize draw and only TAMA holders are eligible to receive it.

The minimum TAMA investment is 1,000 coins and there aren’t any transaction taxes imposed (a rare occurrence in today’s meme coin market).

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How to Buy Tamadoge

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 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.

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