Investors believe that this cryptocurrency will do well

Note: The Industry Talk section contains insights from crypto industry players and is not part of the editorial content of Cryptonews.com.

As we reach the month of October, the best crypto to buy right now is one that is launching for the first time on the top exchanges.

New cryptos to watch out for

On September 27, Tamadoge (TAMA) will be introduced on the stock exchange OKX. The OKX exchange was first called OKEx and changed its name to OKX in early 2022.

With the DEX aggregator from DEX, it becomes possible to buy Tamadoge. OKX is a centralized and decentralized exchange for investors worldwide.

Bullish market for Tamadoge

The price of Tamadoge on exchanges will be $0.03. A supply of 1 billion tokens was sold during the presale. The total number of TAMA tokens is 2 billion pieces.

Tamadoge is a play-to-earn (P2E) token. TAMA is the token with which you can pay within the Tamadoge project and in-game. Tamadoge has now also added move-to-earn (M2E) features. Besides the fact that you can care for and raise NFT pets in Tamaverse, the roadmap shows that there are more games to play.

Our experienced traders have compared the popular Tamadoge project with other popular cryptos such as STEPN (GMT). STEPN is the symbol of the STEPN project.

According to our experts, the Tamadoge presale has delivered more than STEPN’s ICO. STEPN then raised $9.2 million within four weeks. Tamadog’s eight-week token presale raised $19 million.

After GMT’s Initial Coin Offering (ICO), the coin reached a market cap of $2.5 billion. GMT’s bull run lasted from early March to late April.

Like GMT, if TAMA wants to explode after the ICO, the coin needs to increase its market capitalization by 83.3 times.

Deflationary crypto

STEPN is not deflationary and TAMA is. 5% of all transactions in Tamadoge Pet Store are burned. In the pet store, users can purchase items such as food and accessories to raise their Tamadoge pets. Each NFT Tamadoge pet has unique traits, strengths, and rarity.

It can be inferred from Terra Classic that crypto investors support assets that have something of a deflationary quality. LUNC’s 1.2% burn news sent Terra Classic up 1,400% from the coin’s 2022 low.

GMT’s retracement was partly related to GST. GST is the second token of the STEPN ecosystem. GST is inflationary.

CNBC TV 18 Prediction on Tamadoge – source

Attraction of meme coin

Besides being an app to earn free crypto like STEPN, Tamadoge’s app plays on the attraction of meme coins. Tamadoge’s slogan is therefore ‘the play to earn Dogecoin’.

Shiba Inu rose 50 million percent in price history. This was probably largely due to retail investor FOMO.

Some people criticize meme coins for not providing any purpose or function. Still, meme coins are the most popular coins next to Bitcoin. DOGE and SHIB are in the list of top 20 cryptos even after a 90% correction. DOGE is at number 10 and SHIB is at number 14.

Currently, from when the coin peaked, STEPN has fallen more than 85%. STEPN has a market value of €370 million. If TAMA wants to achieve this, they only need to rise 12 times from their current position. In addition, TAMA and STEPN have a similar use case and utility.

Since tokenomics is deflationary and it is a meme crypto, Tamadoge could grow into one of the top cryptocurrencies after it launches on OKX on Tuesday. The coin has a good chance to make it through the next bull market. Experts predict that the next bull market will occur around the Bitcoin halving in 2024.

New users who create an OKX account through CryptoNews will automatically be entered into a prize draw to win a mystery box worth €10,000.

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