Top Altcoin to Watch: With a 50x rally, this Layer-1 Token May Soon Outperform Bitcoin and Ethereum!
As the markets are turning a little bullish some of the altcoins are gaining significant gains. Among them is Avalanche (AVAX) which is believed to explode in the coming days. Crypto Bull and CIO of Morgan Creek Capital, Mark Yusko says Avalance (AVAX) has the potential to skyrocket by 50x in the next bull market.
In an interview, the veteran says that the popular smart contract platform may even outperform the entire crypto space.
“The key to investing in this ecosystem is diversification. Don’t pull all your eggs in one basket. You want to have a big chunk in Bitcoin. But if you think about it, if Bitcoin is as successful as we all think it will be, it won’t be the best performing, full stop.
Just because it’s the largest. It’s just the law of large numbers. You’re not going to go from $400 billion today-even if you go to $4 trillion, that’s a 10-bagger. Ethereum is at almost $200 billion – if it gets to $4 trillion that’s almost twice as much.
But if Avalanche actually becomes that intermediate layer, or becomes a bridge to connect Ethereum..it could be maybe 50x.”
Avalanche (AVAX) price is currently trading at $17.30 with a massive drop of 6.89% in the past 24 hours.
The AVAX price which was trading within a rising wedge, dropped down slicing through the lower support of the wedge. However, after undergoing a minor bearish action, the price has ignited a notable correction phase. As a result, the bearish influence is expected to fade quickly, but it may remain valid until the price rises above $18.
The Bitcoin (BTC) price appears to be on the brink of consolidation & expected to face a minor rejection in the short term. The rejection may enable the price to form new lows for the current bearish cycle which may further trigger a massive rebound. That said, the possibility of closing the yearly trade on a bullish note emerges, if the bulls jump in at the right time.
Meanwhile, a popular crypto analyst, Plan B in an interview with Scott Melker says Bitcoin could soar more than 5000% based on the stock-to-flow model. The Stock-to-flow model speculates the asset’s value changes by comparing its current price to the rate at which its supply is mined.
As the next halving is scheduled in April 2024, the supply is presumed to be squeezed until then.
“If we assume that the old model, the original 2019 model is correct, the $55,000 model, then the next halving could lead to prices somewhere– and I’m making a very wide range, some people don’t like it–but somewhere between $100,000 and a $1 million.”
Moreover, the analyst, PlanB says that he is still confident of his $100K claim unless and until the model is proven invalid or until BTC dies.
Presently, the Bitcoin (BTC) price is trading at around $16,829.39 with a change of +0.1% compared to the past 24 hours. Further to reach the desired target of around $100K, the BTC price is required to rise by 5,837%.
“I have no doubt whatsoever that we go to that $100,000-$1 million range, and no matter how you look at it, the current price is a steal if that’s what you believe. So yeah, I’m very optimistic,”
When it comes to making good decisions regarding investments in the crypto market, the most important thing is to look closely at the presale. That is usually the winning cue that the coin has the attention of all the investors out there, and one such coin is certainly Tamadoge (TAMA). Even though it appeared a month ago, it has raised $10 million already! With the high volatility and the huge price drops we see with other coins, having the TAMA coin raise this amount of money is unbelievable, to say the least! But, first things first.
What is Tamadoge?
Tamadoge is a play-to-earn platform, and TAMA is a token that will unlock all the exciting features one after another. TAMA is revolutionary in a way because of its added utility. The investors will be able to use it to buy their pets, clothes and food for them, toys, cosmetic items, and many other things. Each of these pets is an NFT that can be sold on the market if the owner wishes to do it because every pet comes with a unique set of features that sets it apart from all the other ones.
The players will get a chance to explore Tamaverse and go a step further in testing the flavor of virtual reality. Tamadoge will release an augmented reality app in the fourth quarter of 2023, which will give the players an opportunity to have their pets near them always. It is important to keep in mind that pets should be fed regularly. Otherwise, they may transform into Tamaghosts. The players will be rewarded throughout the game, which will bring them Dogepoints and help them go up on the leaderboard. The players with the most Dogepoints will get rewards.
There will be two billion tokens available, but during the presale, only half of them will be available for purchase. TAMA is a deflationary token, which means that one portion of the tokens will be burned. To be fully precise, 5% will be burned, which will decrease the number of coins in circulation and ultimately increase the price as a consequence.
Why are investors hooked on TAMA?
It seems that the investors are turning now to more affordable coins that also come with all sorts of various utility features and options for enriching their experience. Tamadoge is the perfect blend of NFTs, the chance to explore the Tamaverse, the opportunity to invest, and the incredible growth potential of more than 50x! It is expected that the price of TAMA will explode when it gets listed on the exchanges. This is why so many investors are in a rush to invest as much as possible early on in the presale. Every new price increase will bring enormous gains to the visionaries who recognize TAMA as the coin that will take the world by storm.
There have been many rugs pulls lately, and the reason why investors appreciate TAMA is the fact that the roadmap is fully transparent, which puts everyone at ease. There is zero tax on TAMA transactions which leaves more funds to direct to coins, which is also a huge plus. A seamless road to CEX (centralized exchange) listings will lead to a massive price boost, and it is the number one reason why TAMA coins are being sold at a blazing speed.
The Tamadoge community on Twitter gathers almost 50k people interested in this exciting crypto project, and it grows every day. There are also almost 30k community members on Telegram, and this only adds to the overall hype around TAMA coins, and it is a chance for the investors and potential investors to exchange opinions about all the facts they want to know about.
How to buy TAMA?
If you wish to get involved in this project and get your TAMA coins, these are the steps:
Step 1 – Set Up a Crypto Wallet
Those looking to buy Tamadoge crypto must first set up a crypto wallet. Many of the best crypto wallets are free and easy to use, although we recommend using MetaMask, due to its multi-chain support.
Head to the MetaMask website, click ‘Download’, and follow the on-screen instructions to set up the wallet.
Step 2 – Purchase ETH or USDT
Tamadoge (TAMA) tokens can be purchased using either ETH or USDT. It’s easy to buy Ethereum or USDT using a respected crypto exchange or broker, although you can also buy ETH through the Tamadoge presale platform using a credit or debit card.
Once you have purchased ETH or USDT, make sure to transfer your holdings into your new crypto wallet.
Step 3 – Link Wallet to Tamadoge Presale Platform
Head over to Tamadoge’s website and click ‘Buy’. On the following page, click ‘Connect Wallet’, choose your wallet provider, and follow the instructions to make the link.
Step 4 – Buy Tamadoge
Enter the amount of Tamadoge tokens you’d like to purchase (minimum 10,000) and click ‘Convert ETH’ or ‘Convert USDT’, depending on which currency you hold. A pop-up will then appear, asking you to confirm the transaction.
Step 5 – Claim Tamadoge Tokens
The final step is to claim your TAMA coins. You can do this once the presale has concluded by clicking ‘Claim’ on the Tamadoge website’s homepage.
The process is so simple that anyone can do it. It is everything you have to do to ensure gains in the near future.
There is no doubt that Tamadoge is setting an example of how a meme coin should be. Besides being fully checked with Coinsniper and Solid Proof, it gives the investors a transparent roadmap that gives them confidence when investing. We are surely witnessing one very interesting situation on the market, and the speed that Tamadoge is reaching milestones one after another is surely putting a smile on our faces!
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company