It’s not the simplest of tasks to find the best cryptocurrency under $1, as the crypto industry is filled with them. Frequently, a crypto project will have a high market cap, but its tokens will have a high total supply, resulting in a high price per token that is well below the dollar. So, to guide you in the right direction and enable you to choose wisely, this article explores the top crypto token under $1 to consider including in your portfolio as it is on course to cross the $1 threshold. This top crypto token is called “Tamadoge.”
Given the success of its most recent presale, Tamadoge is possibly the best cryptocurrency under $1 to invest in right now. To put it briefly, Tamadoge was able to raise over $19 million in less than two months from its presale. As a result, Tamadoge is among the top cryptocurrency ICOs of 2022. The best part is that because Tamadoge is a new project just beginning its long-term development journey, investors can still purchase TAMA tokens at a great price before it hits the $1 mark, as it’s on course to do so.
Why is Tamadoge (TAMA) expected to reach $1?
For anyone unfamiliar, Tamadoge is a play-to-earn (P2E) platform situated in a dynamic metaverse known as the Tamaverse. The native digital currency and utility token of the Tamaverse is called TAMA. In the Tamaverse, users can use TAMA to purchase Tamadoge pets, one-of-a-kind avatars created through smart contracts. These virtual pets can be trained and matched up in combat with other players’ pets. Gamers can gain “Dogepoints” through the battles, and these points can then be exchanged for TAMA token rewards.
The presale phase of Tamadoge was completed in mid-September, raising an astounding $19 million in Tether (USDT). The presale was scheduled to end in Q4 2022, but due to investors’ unprecedented demand, the token allocation was snapped up before that date. Since Tamadoge’s launch, it has been the third-largest meme coin by volume, behind DOGE and SHIB.
On September 27, Tamadoge was listed on OKX (CEX and DEX) following the wildly successful presale. This listing and several upcoming listings announced have seen Tamadoge’s price surge over 400%. As of the time of writing, the TAMA token has a price of $0.09995 with a market capitalization of $100,926,836.67. TAMA has a current trading volume of $19,354,065.56. It has a circulating supply of 1,009,733,333 TAMA, with the maximum supply at 2 billion TAMA. Notably, considering the discounted price point at which they could purchase TAMA, presale buyers have seen more than 700% profits. Even though these results are remarkable, Tamadoge seems to be just getting started.
Tamadoge appears to be heading for $1 as its price momentum indicates no signs of decline, providing investors with much-needed profits amid the current crypto winter. This has caused many people to view TAMA as one of the top cryptocurrencies to purchase. Here are some factors that make it so popular with new investors and why we think it will be the next cryptocurrency to hit $1.
Metaverse and NFT features
By 2030, EmergenResearch estimates that the market cap of the metaverse could reach $1.6 trillion. Therefore, it is no surprise that the number of new NFT projects and metaverse platforms has increased recently. Tamadoge is an example of such a platform.
Tamadoge allows users to participate in play-to-earn (P2E) games and acquire crypto rewards as they play or employ protocols for decentralized finance (DeFi). In addition, Tamadoge pets, virtual avatars created as NFTs that can be used in the game, are available for purchase by players. These can then be used in contests to score points and advance on the monthly leaderboard. Thus, the platform offers a state-of-the-art P2E interface by utilizing the popularity of the metaverse and NFT technologies.
On October 6, the project intends to release its first batch of NFTs. The upcoming NFT collection from Tamadoge will include a limited edition of 21,100 NFT digital collectibles broken down into three levels: ultra-rare, rare, and common. In addition, Tamadoge’s long-awaited NFTs will serve as in-game assets for gamers in the “Tamaverse.”
TAMA employs the deflationary strategy, in contrast to many other tokens that raise their supply to keep up with demand. TAMA currently has 2 billion tokens total and won’t be adding any more.
To ensure that demand outweighs supply over the long term, the network’s developers have ascertained that there is a finite amount of Tamadoge. This could result in higher prices, such as $1 and $10. In addition, the platform automatically burns 5% of every TAMA spent on transactions. As a result, there will be less TAMA overall accessible in the coming years.
In contrast to other meme coin projects, Tamadoge provides utility. All transactions in the Tamaverse, such as purchasing Tamadoge virtual pets, are carried out using TAMA. A percentage of the used TAMA will be split between marketing and in-game rewards. TAMA tokens are returned to users as part of all rewards, which boosts trading. The Tamaverse’s trading volume will increase as more users sign up, propelling TAMA to the top of the meme coin market.
Roadmap With A Long-Term Growth Perspective
Developers of Tamadoge have organized the project roadmap for the upcoming years. The project’s thorough roadmap reveals great potential for long-term expansion. TAMA tokens are expected to be available on several top centralized and decentralized exchanges soon and in the near future, with upcoming listings on LBank and MEXC. That’s not all, though. In 2023, Tamadoge intends to release an augmented reality (AR) app that, like the main web-based platform, will incorporate P2E mechanics. All of these will undoubtedly draw a lot of investors, which will drive Tamadoge’s price up and could very well be the next cryptocurrency to hit $1, which would be higher than the price of several meme coins.
Tamadoge is the cryptocurrency on every investor’s watchlist as it has had a great development with a promising future in sight. It’s also one of the most popular metaverse projects right now. Tamadoge is expected to hit $1 sooner than expected as its roadmap, features, and tokenomics have all aligned to produce one of the most promising cryptocurrencies. Given that the project is still in its early stages, TAMA tokens are among the best investment options in the cryptocurrency ecosystem. Therefore, it is advisable to jump on the Tamadoge train now.