Bitcoin is still the market’s highest-ranked crypto, but that could change in September. The crypto has been struggling to recover from the crash earlier this year, dropping from $65,000 to below $17,500. It reached the $25,000 mark about a month ago but has lost another 25% since then.
Bitcoin’s future is not looking good, as September is traditionally the worst month for the crypto. The so-called “September Effect” is expected to happen again this year, as most investors liquidate their assets or exit market positions after Summer vacation. Let’s see what’s in store for Bitcoin in September and why Tamadoge is a better investment this year.
The September Effect
If we look at historical data, September has been the worst month for Bitcoin in the past ten years, except for 2015 and 2016. The world’s leading crypto loses about 6% every September, and if the same happens this year, the crypto could fall back to the $17,500 price range.
Bitcoin’s September price is determined by downturns in the stock market. The S&P 500 ratings usually declined by 0.7%, which has been the case in the last 25 years. The regular dropoff in September was dubbed the “September Effect,” which is likely to happen this year. However, the current energy supply problems across the globe are another severe threat to cryptocurrency. The Bitcoin Network uses massive amounts of power annually, which could become a problem in the following months.
Considering the latest price predictions and increasing liquidation of assets, Bitcoin will likely keep dropping. So instead of recovering from the crash, the world’s highest-ranked crypto enters a new era of uncertainty and challenges.
Inflation As A Major Problem For Price Recovery
Fear of Federal Reserve rate hikes is the primary reason behind Bitcoin losses. However, just as things stabilized slightly in late July, inflation exploded worldwide. Everyone is hoping it reaches its peak, but as we move to Q4 of 2022, inflation keeps rising steadily. It dropped to 8.5% in August from 9.1% in July, giving investors a spark of hope in the FED’s plans to tackle inflation.
The crypto slightly recovered in August, but experts warn that it’s likely to drop back to July’s lows. When we consider that the FED will raise the rates by another 75 basis points in September, Bitcoin is expected to drop to new lows this year. The current estimation put the crypto at $19,250 in September, with a downward trend that could fall as low as $17,400.
That’s why many investors are moving to other cryptocurrencies, especially those about to be released in the next few months. Their favorite choice is Tamadoge, the newest meme coin with exceptional use cases in a poorly utilized crypto niche.
Tamadoge – New Meme Coin With Huge Growth Potential
Tamadoge is one of the hottest new cryptos among investors. It’s the latest addition to the Doge ecosystem and the first meme coin with excellent token utilization. The project is still in its infancy and should go live in late November or early December. However, the buzz around Tamadoge keeps growing exponentially, leading to an incredibly successful presale phase.
Namely, investors can buy the platform’s native token called TAMA from July. The pre-beta sale was opened on July 25th and was supposed to last until mid-October. However, due to the massive number of investors, the platform reached its beta presale goal of $2 million in less than two weeks. Tamadoge moved to the official pre-sale in early August and has raised over $10 million in four weeks. The presale is still open, but the price increases after every 100 million tokens are sold. There are still 3.2 million tokens available for $0.022, after which the price will increase by another 7%.
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What is Tamadoge About?
Tamadoge is inspired by a popular hand-held game from the 90s called Tamagotchi. Like the original game, Tamadoge players must take care of their digital pets and ensure they grow up happy, except it takes place in a vibrant metaverse full of activities. If you fail to feed or cure your pet on time, it can die and become a Tamaghost. Every pet doubles as an NFT, so players can buy, sell, and trade them within the Tamaverse using TAMA tokens.
The pets are used to play through numerous levels, compete in challenges, and much more. As you play, you earn Dogepoints, and the players with the most points at the end of each month get TAMA tokens as rewards. Tamadoge also plans to introduce full augmented reality support in early 2023, making the game more interactive and fun for everyone involved.
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TAMA Token Presale
As mentioned above, the official TAMA token presale is underway, so you still have a chance to buy your TAMA tokens at a discount. If you invest at least $100, you can also enter the official Tamadoge $100,000 TAMA token giveaway. The project should go live in a couple of months, and most experts say it’s the crypto with the highest growth potential in 2022. So don’t miss out; head to the official Tamadoge website and become an early investor to get the highest returns.
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How to Buy Tama?
Although the Tamadoge presale started only recently, investors worldwide have already done their part to capitalize on this incredible investment opportunity.
Check out this guide if you want to become a Tamadoge community member and potentially get rich by investing in Tamadoge. The step-by-step guide will explain each process in great detail, so make sure to read it carefully.
Once you complete all the steps, you’ll be a proud owner of your first Tamadoge token.
Step 1 – Create a crypto wallet
If you don’t already have one, you first need to create a crypto wallet to buy Tamadoge.
Most wallets are simple to create and are completely free. With that said, we recommend that you go with MetaMask since it includes multi-chain support.
Go to MetaMask’s official website, press “Download,” and follow the instructions to set it up.
Step 2 – Buy ETH/USDT
You can buy TAMA coins only through Ethereum (ETH) or Tether (USDT). Both of these cryptos can be acquired through the major crypto exchange platform.
However, you also have the option to purchase ETH directly via credit/debit card on Tamadoge’s official presale platform.
After you buy ETH/USDT, transfer the tokens into your crypto wallet.
Step 3 – Connect the Crypto Wallet with Tamadoge’s Presale Platform
Go to the official Tamadoge website and press ‘Buy.’
Next, click on ‘Connect Wallet’ and pick your wallet provider. You’ll see a bunch of instructions pop up; follow them to finish the connection process.
Step 4 – Purchase Tamadoge
Type in the exact amount of TAMA coins that you want to buy (the minimum is 10,000) and press ‘Convert ETH’ or ‘Convert USDT.’
Double-check the information you entered and confirm the transaction if everything is correct.
Step 5 – Claim the tokens
Lastly, all that’s left for you to do is claim the Tamadoge tokens.
But, you should know that the ‘Claim’ option will be available only once the presale ends.
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