The price of Bitcoin was mocked by the creator of Dogecoin. The significant fluctuations experienced by Bitcoin had caused some panic on the part of investors. The impressive figures of Bitcoin in previous years had fueled the hopes of the latter.
Reality soon came knocking on the door as Bitcoin fell sharply after shattering the token highs of $50,000. The creator of the biggest memecoin created so far, doesn't care. Bitcoin is not in good shape, and he makes it known by ironically asking where his progress is.
He even added, that even the most minimal progress above zero would be worth considering for Bitcoin.
Is DogeCoin doing much better?
One might wonder why the creator of DogeCoin is so outspoken when looking at the state of his cryptocurrency.
DogeCoin is no longer the crypto model one would want to invest in today. DogeCoin fails to really gain momentum and is overtaken by new projects daily.
At the moment, DogeCoin does neither good nor bad. We are facing a status quo that could be broken in the coming months. Hopefully, memecoins will regain popularity with a greater need for risk-taking from investors.
If DogeCoin is today considered the first memecoins of all time, it is no less risky. It is currently trading around $0.0695 and losing an insignificant amount of its value every day. In short, there is a fear of a chance that the memecoins will one day be reborn apart from a major update of the project.
DogeCoin price over the last month.
If Billy Markus gently mocks the performance of Bitcoin, we will also have to remain vigilant on DogeCoin.
Why Does Bitcoin Keeps Falling?
The queen crypto is suffering from a massive influx of investors into its market. Bitcoin's big correction from its all-time high at $68,992 only makes sense.
READ MORE: Will Dogecoin Ever Reach $1?
Bitcoin and the financial markets
Bitcoin has become an asset that follows more traditional equity markets. It has suffered from the decline of these worldwide. The Dow Jones has only dropped, losing 4% of its value even recently.
Long story short, central bank policy tightening hits Bitcoin directly. It is considered a risky asset by investors. It is therefore not yet a safe haven as some people have suggested.
The cryptocurrency market undergoes a general panic
The world of cryptos has been rocked by several scandals since its appearance. Between the repeated scams, the freezing of customer assets, and the wallet hack, cryptocurrency does not enjoy good press.
At the moment, investors are more than in need of security guarantees to be able to invest correctly in the crypto markets.
New projects like Tamadoge, Battle, Infinity, etc… have understood this well. They offer a recognized KYC and a mechanism that prevents fraudulent manipulation of the market.
Tamadoge: A fresh wind in the memecoins universe
As we told you before, new projects appear and compete with DogeCoins. At the top of the list is Tamadoge, which comes with a fun and innovative concept.
Tamadoge Gameplay
The principle of Tamadoge is simple. You must collect creatures in the form of NFTs and make them fight. Tamadoge offers us to embed it on our phones with a mobile application.
The fights take place in arenas, and players fight to win new rewards.
Why Tamadoge will beat DogeCoin?
Tamadoge is surely a better investment than DogeCoin at present. Its new character and its bet on nostalgia with a game inspired by Tamagotchis are already causing havoc.
Its economic system is very well thought out. Each exchange will be subject to a transaction fee of 5%. In addition to this 5%, 30% will also be taken for the marketing budget of the project.
For each exchange, it will therefore be a 35% fee that will be applied to the players. This method allows the currency to have a deflationary character. Thus, the scarcity of crypto increases over time.
This avoids ending up with too many tokens in circulation which lower the value of the latter.
It's easy to buy TAMA token
To buy a TAMA token, it's very simple. All you have to do is go to the official pre-sale page of the project.
To make it easier for you, we advise you to create a MetaMask or TrustWallet wallet beforehand. These are the main wallets that allow you to exchange your funds for these tokens!
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