Meme coin TAMA, the utility token for the Tamadoge gaming ecosystem, is on an uptrend of 25% today. With renewed hope for a broader market rally, TAMA could be one of the cryptos assets primed for massive gains.
Impressive Price Movements for TAMA
At press time, TAMA trades at $0.028, indicating an uptrend of 18.84% in the past 24 hours. This price pump makes the token one of the best-performing meme coins in the market.
Dogecoin (DOGE), the market’s leading meme coin, currently trades at $0.12, a downtrend of 3.48% in the past 24 hours. On the other hand, Shiba Inu (HIB), another popular meme coin, has plunged by 1.74% in the past day with a price tag of $0.000012.
Seems only right to bring this gem of a meme back for #Dogecoin today pic.twitter.com/g0j9Nffp0e
— SlumDOGE Millionaire (@ProTheDoge) October 28, 2022
TAMA appears to have been a direct beneficiary of the meme coin rally from the past week. After billionaire Elon Musk completed his takeover of social networking giant Twitter, DOGE pumped by 104% in the past week.
The DOGE rally eventually spilled over to other meme coins, with several top names marking gains. However, while top meme coins appear to be slowing down and consolidating this week, TAMA appears set for a bull run.
TAMA: Powering Blockchain Gaming’s Next Big Name
TAMA powers Tamadoge, a blockchain gaming service that intends to become the most prominent game in the market.
Tamadoge transports players to a virtual world where they can purchase non-fungible tokens (NFTs) that represent digital pets. The objective is for players to groom their pets and use them in battle against those of other players. When they win, players will receive TAMA tokens.
TAMA had one of the best crypto presales in 2022, raising $19 million in just eight weeks. Since October, the asset has debuted on several top centralized exchanges, including OKX, LBank, and MEXC.
NFT Launch Boosts TAMA Prospects
Tamadoge’s developers intend to launch the gaming metaverse before the end of the year. In anticipation of that launch, they’ve released different NFT drops to spur ecosystem participation.
Last week, the Tamadoge common NFT drop was launched. The drop features 20,000 NFTs that will be part of the Tamadoge blockchain game.
Come & Join The #TamadogeArmy!
Head Over To @opensea To Grab Your Very Own #Tamadoge #NFT!
⏰ HURRY BEFORE THEY SELL OUT! ⏰⬇️https://t.co/BQAKhtlmXB#nftcommunity #nftcollector #bestmemecoin pic.twitter.com/Hbgw3hIZUi
— TAMADOGE (@Tamadogecoin) October 27, 2022
Each common NFT features backdrop artwork and the latest trends in the Tamadoge game industry. They can be purchased on OpenSea, the biggest NFT market in the world, at a floor price of 0.2 ETH.
The common NFT collection is the latest NFT rollout from the Tamadoge developers. Over the past few weeks, they released Rare and Ultra-Rare NFTs, which will also be available when the Tamadoge gaming platform launches. The Rare and Ultra-Rare NFT collections possess advanced functionalities, thus bolstering their owners’ chances of winning battles by 70%.