The price of tamadoge (TAMA) increased by 86% in 24 hours after the new altcoin got its first listings late last month. At $0.139207, the meme token is up more than 1,200% from its presale price of $0.01, driving the OKX listing — and potentially the Binance listing — on market sentiment.
TAMA raised $19 million in just a few weeks after the presale, $2 million more than the original. As such, there is a chance that its impressive popularity will continue to rise in the coming days and weeks, pushing the price towards $1.
The price of Meme Token Tamadoge has increased
At the time of writing, TAMA is up 11% in the past hour, indicating that it is indeed on a roll. Interestingly, the new meme token is down 20% from its high of $0.163173 set roughly five hours ago.
TAMA’s chart is rare among recently listed altcoins, as it has recorded consecutive gains since September 28, when sites like CoinGecko and CoinMarketCap began tracking them.
What is worth noting in the chart above is that the TMA volume (indicated by the gray vertical lines below) continues to set new highs. In other words, the current expansion level shows no sign of breaking yet, and the coin will continue to set new highs in the next few days.
The momentum was helped by the broader cryptocurrency market enjoying an upturn in the past 24 hours, with total capitalization up 3.5% to $1 trillion. Accordingly, with the market recovering some of its confidence and appetite, TAMA is one of the most undervalued coins.
In fact, TAMA is now the 196th largest cryptocurrency according to CoinGecko, having cracked the top 200 in the last few hours. That’s surprising for a coin that ended its presale just a few weeks ago, and TAMA suggests there’s still plenty of momentum left.
For the most part, TAMA’s listing on OKX (and OKX’s DEX) is responsible for the surge in market demand. However, Tamadogge’s announcement that it has applied to Binance for listing has fueled investor interest, especially since Binance already has a how-to page for the coin.
It is also worth pointing out that TAMA will receive details from MEXC Global and LBANK exchanges in the next few days, which will contribute to its trading volume and positive activity.
Not only has TAMA’s value been helped by some big early specs, but there’s also genuine excitement about the Lower Tamadoge project and what it has to offer in the future.
Running on the Ethereum blockchain, Tamadoge will be a Metaverse app that allows players to care for, battle and trade NFT-based pets. The game follows in the footsteps of titles like Axie Infinity and will have a game to earn money.
The platform has already launched a selection of Tamadoge NFTs, which can currently be found through the official website. And on the back of a successful pre-sale, it’s in the process of building the ‘Tamaverse’, which will include a variety of arcade games in addition to the main game-to-find offering.
So it’s an exciting time for the project, and while it’s incredibly foolish to think the momentum will last forever, it’s certainly having a good time right now.