Tamadoge Makes Noise – Is TAMA A Better Alternative To SOL?
21 August 2022 - 11:31AM
NEWSBTC
Tamadoge (TAMA) is a new and exciting play-to-earn meme coin that
is predicted to grow 10-fold in price. SOL bullish streak
invalidated Solana has reached the oversold zone Tamadoge meme coin
dubbed as better alternative to SOL Solana (SOL) plummets as it
loses the support of an ascending channel it is in and further
invalidating its bullish thesis. The crypto market is experiencing
a turbulence as Bitcoin lost support from a rising wedge pattern.
Related Reading: Ethereum Plunges 21% In Last 7 Days, Drops Below
$1,600 SOL Wading Oversold Waters According to CoinMarketCap, SOL
is down by 3.27% and is currently trading at $35.48 as of this
writing. Over the past two months, SOL has been seen as
aggressively bullish and may possibly reach $50 but its singing a
different tune now. Solana also loses a critical support level set
at $39.5 mainly due to widespread crypto crash which pushed Solana
into a bearish stance. At this point, Solana needs to attempt to
fuse at current price levels and revisit the key resistance of
$39.5. If it fails at this zone, then SOL could experience further
decline. The next critical support level for SOL is now spotted at
$32.4. Judging by the technical analysis on a 4-hour timeframe, SOL
wades at the oversold waters and is forming a green candle pattern.
Now, high-risk traders can go all-in and take advantage of the fear
and worry exploding in the market by going long with the current
price levels. Further, RSI for SOL also supports the oversold
thesis and is now heading a crypto bear market or nearing a further
downtrend which calls for a search for better Solana alternatives.
Related Reading: Chainlink In Bearish Mood As LINK Price Retreats
To $8.63 Tamadoge – NFT, Metaverse, Crypto In One There are in fact
other strong contenders in the crypto space that is said to be
better than SOL and one of that is the new meme on the block called
Tamadoge. Apart from being a meme coin, it’s revolutionary
because it’s also an immersive virtual reality and NFT that many
enthusiasts and players can dip into. The support for TAMA presale
has been overwhelming and has accumulated over $5,620,496 in a span
of three weeks. The public sale is set to launch in quarter 4 of
2022. Crypto presales such as with Tamadoge is a cost-effective way
to use your extra crypto especially in the bear months. While other
cryptocurrencies are experiencing downturns, presales can position
traders to profit by 10x to as much as 100x. Tamadoge is a new meme
coin with an interactive metaverse and also an NFT store. Once
Tamadoge goes lives, users can buy, sell, train, and trade virtual
pets that also work as NFTs. TAMA token are attractive because it
boasts zero tax for transactions and 65% of the tokens that are
used monthly will be redistributed to the players in the form of
rewards. SOL total market cap at $12.2 billion on the daily chart |
Source: TradingView.com Featured image from Business 2 Community,
Chart from TradingView.com
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