In this article, we offer you a comparison between Dogechain and Tamadoge to help you better understand the phenomena. Will Dogechain dethrone Tamadoge? This is what we are going to see right away!
The memecoin industry has seen a lot of upheaval in recent months. Ambitious projects are multiplying with the emergence of metaverse concepts and Play to Earn games. At the top of the list, Tamadoge takes the place of the best cryptocurrency with more than $10M invested since the launch of its pre-sale. But the crypto world is alive and trends are changing very quickly.
Another project has recently come onto the scene and is called Dogechain. Its mission is to develop an already very popular token, the Dogecoin. Dogechain aims to be a gateway to concepts like Tamadoge and aims to bring additional features to Dogecoin like creating NFTs, creating dapps, etc.
Dogechain vs Tamadoge: similar projects?
Both cryptos carry an almost similar idea based on memecoins. On the one hand, Tamadoge is surfing the retro wave of the Tamagotchis to get people talking. Dogechain is, on the other hand, a simple improvement of the Dogecoin system and aims to make it more competitive in the altcoin market. To help you see more clearly, here is a comparison between the two cryptos.
Tamadoge carries a precise metaverse objective.
Tamadoge is a full-fledged project that aims to bring the Tamaverse to life. It is a virtual universe where players can interact, fight and exchange NFTs. The Tamaverse is scheduled for the year 2023 and many investors have already chosen to trust the team in charge.
The principle of the game is relatively simple and is based on a Play to Earn system that rewards players for their actions in the game. To play the game, you must have a monster that will be offered in the form of NFT. Players will be able to buy and sell them freely as they wish. The exchanges will be carried out using the game currency which is a token called “TAMA”. This token can be purchased, and investors can speculate on its value.
Dogechain is a blockchain solution to Dogecoin
Dogechain is not a memecoin project like TAMA can be. Here, the objective is to allow the creation of dapps like Tamadoge on the concept of Dogecoin. The project is sold as a layer 2 network of Dogecoin. To help you understand this better, tell yourself that layers 2 are sub-blockchains affiliated with the main blockchain and which are used to offload the first for ambitious projects. The “layer-2 network” allows, among other things, to reduce transaction costs that would be too high on the main blockchain.
To conclude, if we compare Dogechain with Tamadoge, layer 2 of the latter is the BSC (Binance Smart Chain). Dogechain is therefore not comparable to its counterpart which is a project from layer 2. The projects do however agree on their principle which is to bring a project or projects (for Dogechain) of memecoin dapps, based on collections of NFTs, the metaverse, etc.
Dogechain vs Tamadoge: Their Credibility in the Market
For this part, he has a lot to say, especially about the Dogechain project! The credibility of a crypto project is essential in such a fragile context. The world of cryptocurrencies has seen recent scandals with consequent episodes of rug pull. Above all, investors need guarantees to be able to trust the project.
Tamadoge reassures and surrounds itself with recognized companies.
The great strength of the TAMA token is the seriousness with which it is deployed. Tamadoge wanted to do things well and this is reflected in the confidence that investors have in it. The project is based on a powerful blockchain that is the BSC. But the big argument of the latter is its collaboration with the site CoinSniper, which will be responsible for carrying out the KYC checks on the project.
CoinSniper is a recognized company in the field that chooses its customers carefully and follows complete audits of its system. With this, Tamadoge makes sure to be credible with its community and investors.
Finally, Tamadoge has beautifully thought out the game's economic system with a deflationary token.
This model ensures the token keeps a high value even if a lot of tokens are generated and traded!
Dogechain is called a scam and rug pull suspicions emerge.
There are many elements that serve the Dogechain project:
- It is not built from the Dogecoin blockchain but with Polygon.
- It is not supported by the Dogecoin team.
- It is very likely to be a rug pull scam.
- The developers were caught dumping 20 billion tokens.
Worse still, the project developers were caught in the act of transferring 20 billion tokens to their own wallets just before the token was released. These 20 billion tokens would then have been liquidated by the creators of Dogechain in order to make a profit. This element reveals to us that the announced project is undoubtedly a scam that you must avoid at all costs.
.png "the project developers were caught in the act of transferring 20 billion tokens")
The two Twitter accounts SatoshiFixer and ZachXBT made it possible to relay the information very quickly, a few hours after the launch of the project.
As you will have understood, Tamadoge seems much safer than Dogechain for investment.
Dogechain vs Tamadoge: Should You Invest?
If we take Dogechain, we notice that its value is not as catastrophic as one might have thought. Its price curve seems surprisingly stable and its value has even increased by around 350% since its release.
DOGE price chart according to CoinMarketCap site
Despite an attractive price, we strongly advise against investing in Dogechain. Even though the fluctuations in its value can bring you something in the short term, it is certain that the token is vulnerable to a rug pull at any time. Many investors have withdrawn or remained by opportunism. Nothing seems to suggest that the Dogechain project is here to stay.
Tamadoge is a more measured investment
Tamadoge, meanwhile, seems to maintain its community and offers a concrete and viable project over time. Its pre-sale has been a huge success and a new milestone is about to be reached, bringing the TAMA token to 40 tokens for 1 USDT.
For the moment, all the indicators are green for TAMA which should soon move on to the next phase of its project. If you want to invest in the token, all you have to do is go to the official website. To learn more about the project, we advise you to go to our last article written about it!
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