Fresh from its listing on OKX, the price of Tamadoge (TAMA) has increased by 5% in the past 24 hours. At $0.02315130, the new altcoin has also risen by an impressive 22% since dropping to $0.01937309 earlier this morning, driven by the news that it has applied to list on Binance.
Having raised $19 million from its presale, TAMA is arguably one of the most exciting new cryptocurrencies on the market, with the meme token also amassing over 70,000 followers on Twitter since opening an account in July. Such momentum helped it earn a listing with OKX, and with its application to Binance submitted yesterday, it may only be a matter of time before it experiences another significant rally.
During its presale, participants could buy TAMA at a discounted price of $0.01. This means that the earliest adopters are currently sitting on a 131.5% gain, made in a matter of weeks.
TAMA gained its first centralized exchange listing on September 27, when it went live on OKX (the fourth-biggest exchange by volume, according to CoinGecko). It reached its current all-time high of $0.02602167 a day later, and while the initial frenzy of excitement has subsided in the past couple of days, it has picked up again this morning.
This is because traders are waking up to the news that Tamadoge has applied for TAMA to be listed on Binance, the world’s biggest exchange by trading volume. Needless to say, such a listing would be massive for such a new altcoin, and anticipation of the application being accepted has resulted in a flurry of buying this morning.
Of course, there’s no certainty of Binance actually listing the coin, but with OKX already doing so, and with TAMA having had a highly successful presale, there’s a very good chance. Indeed, Binance already has a how-to-buy page on TAMA, so it seems that the meme token has been on the exchange’s radar for a while yet.
A Binance listing would add to what is already some highly encouraging momentum for what is such a young cryptocurrency. For instance, soon after CoinMarketCap began tracking TAMA’s price, the altcoin became the fourth most-trending cryptocurrency on the price aggregator site.
Likewise, it has been highlighted as among the “most bullish” meme tokens by such analyst accounts as Crypto Insights, providing further evidence of the speed with which it has reached a critical mass of momentum.
And with listings on OKX Web3 and other exchanges already in the bag, there’s every chance TAMA’s momentum could grow even further.
While TAMA is nominally a ‘meme token,’ its native Tamadoge platform is shaping up to be an interesting play-to-earn gaming metaverse.
Running on Ethereum, it will enable players to breed, train, battle with, and trade NFT-based Tamadoge pets, making it a blockchain-based cross between Pokémon and Tamagotchi (and Dogecoin, of course).
According to its roadmap, it will launch its NFT Petstore and enable battling by the end of this year before expanding to additional arcade games and an augmented reality-based app next year.
Ultimately, it’s because of its ambitious ecosystem that TAMA has managed to attract so many converts already. And while it’s still very early in its life, its recent price action and success in attracting listings bodes well for its future.
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