Over the last couple of days, the crypto market volatility levels have been slightly higher than anticipated, with the industry barely managing to maintain the $1 trillion market cap level.
The second-best-ranked crypto on the market, Ethereum, also saw its fair share of turbulence as the long-anticipated Merge upgrade will be released fairly soon.
With around two weeks until the Merge, analysts are closely monitoring the project and making forecasts on how it will impact Ethereum’s price.
CoinMarketCap’s crypto community believes that bullish momentums are coming and that Ethereum will cross the $2,000 target by the end of September.
The precise CMC price estimate is that ETH will trade at a price of $2,102 by 30th September, which is almost a 30% increase compared to the current value.
Certain meme coins are anticipated to explode as well, with Tamadoge being at the center of attention for weeks now.
Analysts Believe an ETH Price Increase Is Imminent
At the beginning of August, the co-founder of Nexo, Antoni Trenchev, suggested that Ethereum is very likely to see price surges toward the end of the year.
However, this will largely depend on the success of the Merge and the “positive feedback loop” around it.
Mike Nogratz (Galaxy Digital CEO) stated that he believes that Ethereum is the crypto asset he is most confident about increasing in value.
Considering that Ethereum is the project with the most development activity in the last month, this doesn’t come as much of a surprise.
But, as promising as the upcoming Merge seems, there are still analysts that are a bit sceptic about how it will affect ETH’s price.
The chief strategy operator of CoinShares (crypto management company), Meltem Demirors, shared her doubts about the bullish trend, saying that this is a “buy the rumor, sell the news” situation.
Because of the uncertainties around the post-Merge period, Demirors believes that investors are going to avoid taking risks.
This is leading to much more industry money being invested through options instead of direct exposure.
As a quick reminder, the Ethereum Merge is a long-awaited ETH network upgrade that will transform its current PoW (proof of work) system into a PoS (proof of stake).
The ultimate goal behind this upgrade is to make Ethereum’s network more secure, scalable, and sustainable for DApp developers.
According to the latest news, this Merge should take place on the 15th of September.
Ethereum Technical Price Analysis
At the time of writing, Ethereum is trading at $1,535, which is a 0.29% 24-hour decrease, while the trading volume on the day is 13.95% higher according to data from CoinMarketCap.
The total market cap of Ethereum currently stands at $187 billion, which is still the second-largest next to Bitcoin.
During July, the price of Ethereum saw a 130% surge, but lost 30% of its value at the beginning of August.
Tamadoge Could be the Biggest Profit Time Bomb
Even though Ethereum seems to be heading toward a bullish trend in September, Tamadoge is the project that could bring the highest profits in 2022.
For those of you that are hearing about this project for the first time, Tamadoge is a meme crypto ecosystem that combines P2E, Metaverse, and NFT elements.
Aside from this impressive combination of different technology, Tamadoge offers one more thing untypical for meme coins – real-world utility.
Because of this, many believe that it could dethrone Dogecoin and Shiba Inu sometime next year.
The project’s native governance token (TAMA) is also the primary in-game currency used for reward distribution, trading, and transactions.
In terms of gameplay, players can mint pet NFTs that can be trained and prepared for battles. Those who win the most battles are eligible for exciting prizes at the end of each month.
CoinSniper verified the project for KYC and SolidProof audited it for smart contracts, which relieves investors of any “rug pull” danger worries.
The beta sale for TAMA tokens ended about a week ago and with $11 million raised in funding so far.
However, investors can still purchase tokens for a lower price since the presale is still live and it will last until the 1st of September.
With experts forecasting a 100x increase once the project goes live, this is the last chance to get in early on Tamadoge.
Lastly, those who buy TAMA tokens now will have a chance to win $100,000 in the official giveaway that will occur on the main prize draw day.
How to Buy Tamadoge
Here is the exact guide you can follow for your first TAMA token purchase.
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 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.
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