How Was Tamadoge's First Day Listing On OKX?

How was Tamadoge's first day listing on OKX? Yesterday, Tamadoge (TAMA) was listed on OKX. On this occasion, the meme coin’s price soared 89% to $0.0567 at launch. However, TAMA is experiencing a correction, along with the fall of Bitcoin.

Recall that Tamadoge's quotation price was $0.03 and its price during presale varied from $0.01 to $0.03. This presale, which lasted 55 days, raised 19 million USDT.

If you are still wondering why you should buy TAMA through the OKX exchange, know that the latter is currently organizing a TAMA trading competition with a prize pool of $200,000!

What about the price of Tamadoge?

After its initial high at $0.0567, Tamadoge price retreated to its daily low of $0.017, before bouncing back to $0.023 at the time of writing.
Tamadoge's market capitalization is currently $25.3 million, with 50% of its total supply of 2 billion tokens in circulation.

Course of Tamadoge. Source: Coinmarketcap

Unfavorable market conditions

Cryptocurrency prices are volatile, more than ever, this September. Indeed, Bitcoin price crashed by $1,000 in a single four-hour session. This event occurred just hours after Tamadoge was listed on the OKX platform. As Bitcoin influences the crypto market, it inevitably dragged down the TAMA.

Bitcoin and Ethereum prices have moved in parallel for 101 days since June 18, when they hit their yearly low amid the crypto winter. Terra Luna and Terra Classic take most of the market liquidity.

One of the top crypto traders on Twitter @MacnBTC posted an analysis on new crypto listings that are pulling back and entering a re-acquisition range as they are more profitable to buy.

The thread includes charts of Solana (SOL) and Polygon (MATIC) at the time of their listing – both of which fell after listing on Binance before recovering, in the case of SOL, three weeks later.

Earlier this month, MacnBTC also tweeted this to its 240,000 followers:

Translation: A person with a wallet of $10,000 should not focus on buying $ETH and $BTC, but rather try to be whitelisted in NFT projects or bet on meme coins (dogecoins) which can reach either x 50 or -100%.

13th highest traffic on OKX.

Tamadoge's trading volume in 24 hours is approaching 7 million USDT (255 million TAMA). This was only ten hours after his first day of trading.
The ERC-20 TAMA token ranks just outside the top ten cryptocurrencies on OKX by daily volume, which includes BTC, ETH, DOGE, LUNC, LUNA, UNI, and other large caps.

A growing community.

There are approximately 20,000 TAMA holders registered on Etherscan. The majority of presale participants hold TAMAs ​​and make a profit.
Presale investors who have not resold their cryptos could then make huge profits if the crypto survives the bear market as well.

No lock-up period or sales tax.

The Tamadoge presale had no lock-up period, i.e. ICO participants could sell their tokens directly on launch day without the tokens being locked.

Tamadoge also has no transaction tax. Unlike some newer altcoin projects, buying and selling are tax-free.

After its first drop, Tamadoge again climbed above the pre-sale price for a while, trading around $0.035.

How to trade Tamadoge?

It should be remembered that Tamadoge's listing on OKX is expected to be followed by other cryptocurrency exchanges in the coming days, as well as the first NFT deposit of the cryptocurrency gambling project.