After a great run from Bitcoin in the past week, the price plummeted by 9.3% shortly after the release of August’s inflation data.
Currently, the price of BTC stands at $20,316, having previously traded at $22,400 – the asset’s one-month high.
Apparently, the biggest catalyst for this sudden drop is the release of the US CPI (Consumer-Price index) for August.
The data showed that inflation increased much more than expected, which investors took as a sign that the Federal Reserve will continue putting a strangle on financial conditions. This will very likely impact digital asset trading.
Ethereum was also affected by the CPI report and saw a 6.6% decline which dropped the price to $1,606.
Interestingly, while the entire crypto market is facing issues, the presale for TAMA tokens is still going strong, with no signs of a decrease in demand.
Tamadoge Presale Unaffected – Huge Profits Still on the Radar
Even though the vast majority of cryptocurrencies are trading in the red zone currently due to the inflation data, Tamadoge’s presale is unscathed.
The demand is growing by the day and investors are buying tokens hand over fist over the past few weeks.
Tamadoge (TAMA) is a meme crypto that combines NFT technology, P2E games, real-world utility, and its own Metaverse – the Tamaverse.
Within the Tamaverse, players can explore different platform opportunities and mint NFTs in form of digital Tama pets.
If taken care of and trained properly, players can later use these pets for fighting battles and completing missions, which provides them with Dogepoints. Each month, those who have the most Dogepoints win exciting platform prizes.
This combination of different technology is one of the main reasons why the presale has been so successful.
So far, 80% of the released tokens have been sold out and it seems that the presale will only last for a couple of more weeks.
At the time of writing, traders can buy 40 TAMA tokens for 1 USDT, but the price will grow with every 100 million TAMA sold.
Notably, early investors that purchase $100 worth of TAMA coins can participate in the project’s exciting $100,000 giveaway.
According to numerous industry experts and analysts, Tamadoge could bring 100x returns by the end of 2022 considering the hype around the project.
Furthermore, LBank has just confirmed that it will list Tamadoge once it goes viral and there are several more major CEX listings anticipated.
Real-world utility, Metaverse and NFTs, a P2E game, CEX listings… it doesn’t come as much of a surprise that so many investors believe that Tamadoge will dethrone SHIBA and DOGE in 2023.
Currently, there’s no meme coin on the market that offers even remotely the same features and perks as TAMA.
Tamadoge doesn’t come with any “rug pull” danger seeing that the crypto was KYC-verified by CoinSniper and audited by SolidProof – it’s 100% secure.
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
New Inflation Data Causes Drops in BTC and ETH – What’s Next?
According to CoinMarketCap, Bitcoin is down 9.3% in the last 24 hours, which puts an end to its great weekly run.
The entire crypto market is currently struggling because August’s CPI print came 0.2% higher than initially anticipated.
This could very well cause a 75 or 100-basis-point key rate hike by the Federal Reserve in the following week, which will only put more pressure on the volatile crypto market.
Even though Bitcoin was regarded as one of the best assets against inflation, this situation suggests otherwise as crypto and tech stocks are currently being sold the most by investors.
Just a few days ago, Bitcoin surpassed its $22,000 target which caused lots of positive sentiment around the token, but it didn’t last long.
Nonetheless, it’s still trading above the $20,000 mark, which is an important target to hold at the moment.
Ethereum has also decreased by 6.6%, but the upcoming Merge might change things for the better.
The long-anticipated merge that will transform ETH from a proof-of-work model to a proof-of-stake is set to launch on the 15th of September and will ultimately improve the token’s transaction speed, scalability, and lower the network fees.
While some analysts are certain that the Merge will boost Ethereum’s value, others anticipate a bearish trend due to the Fed rate increase.
Overall, the only thing that can be guaranteed is further volatility.