Shiba Inu drops As Tamadodge Sets To Explode In The Market
Sophia Cruz • 1 min read
Shiba Inu seemed to have dropped its value by 6.4% in the past 24 hours. Over the past month, SHIB had already lost 19% of its value. Shiba Inu used to be among the top ten largest cryptocurrencies and fell to 12th place. The culprit? A new meme coin.
Tamadoge is a new meme coin in the cryptocurrency platform that offers exciting in-game earning opportunities. This NFT can be purchased from the Tama Store where they sell their unique characteristics. This allows the users to leverage their Tamadoge pets and compete and top performers to be rewarded with TAMA.
In the upcoming year, Tamadoge developers are working on an AR-based Tamadoge app as they aim to implement several new P2E features. But what makes it more even interesting for the investors?
Tamadoge has been one of the profitable tokens because of a 300% price increase in the market since its presale. With a low supply of $2 billion tokens, TAMA’s burn rate will be at 5% to keep a competitive price as the demand increases. This is the difference between Shiba Inu and Tamadoge. SHIB has over 1 quadrillion tokens while TAMA only has 2 billion tokens which makes them have a higher value in the future.
In addition to that, Tamadoge mentioned that they don’t believe in cutting taxes from investors as they are more eager to generate enough value from the system. So far, its investors are now earning more tokens when trading a certain amount in dollars.
Tamadodge is one of the 3 top tokens in the metaverse along with LBLOCK (Lucky Block) and IBAT (Battle Infinity). And this is something that SHIB and other meme coins should be worried about. As these 3 tokens catch up, they will likely save the meme coin ecosystem.