Tamadoge Heading for Tier One CEX ByBit on April 27 with TAMA set for More Listings in Coming Weeks
Crypto analysts are predicting the price of Tamadoge (TAMA) to once again surge after it was announced the token will list on tier-one centralized exchange ByBit this week.
ByBit will make the coin available from 8am UTC on Thursday, April 27, and while the price of TAMA has regressed after two weeks of surging price action, the listing is expected to see yet more interest and liquidity enter the project.
Volume is up to $9.5 million for the last 24 hours, according to data from CoinGecko, securing TAMA’s place as a top 10 meme coin by trading volume.
The short-term blip is expected to pass with the medium and long-term prospects of the token looking extremely bullish.
ByBit Listing to Spark Price TAMA Rise?
ByBit is rated as a tier one centralized exchange (CEX) by numerous industry players, with trusted data aggregators CoinGecko and CoinMarketCap both placing it in its top five by trust.
In fact, ByBit is one of only seven CEXs to earn a perfect 10 from CoinGecko, and TAMA listing there will only increase its exposure and price potential in the coming weeks and months, potentially sparking another surge following its explosive start to 2023.
ByBit publicly publishes its proof-of-reserve data to ensure customer confidence and is the fourth-most visited CEX in the space, with more than 20.7 million monthly visitors.
The Dubai-based exchange boasts daily trading volume of $500 million, making it one of less than 20 CEXs to manage more than half a billion dollars every day.
YouTube analyst Jacob Crypto Bury has analyzed TAMA and the ByBit announcement in new detail, stating the news is extremely bullish for the project’s prospects ahead of the next crypto bull run.
TAMA to List on More CEXs Soon
Jacob and other analysts and investors are also excited because as well as announcing the ByBit listing, Tamadoge has revealed that more tier one CEX listings are already lined up.
They will come in June and July, with the Tamadoge community excited by the potential of what’s round the corner.
Tier one exchanges are the best and most trusted in the market and include Binance, Kucoin, Huobi, Kraken and Coinbase, all of which also boast a perfect 10 trust score with CoinGecko.
Those exchanges make up a huge portoin of the crypto market, boasting tens of millions of customers and billions of dollars of daily liquidity.
When a project lists on one tier one CEX others tend to follow in a snowball effect, as they realize the project is legitimate and has customer interest - with three ready by the end of July, TAMA could yet end up on more.
Tamadoge Recap
Tamadoge was one of the best new cryptos to launch in 2022 and, despite releasing in a bear market, made huge gains for early investors.
The TAMA presale raised $19 million in only eight weeks before the price soared after its IEO, reaching an all-time high of $0.194 and seeing almost 2,000% gains from its early presale price of $0.01.
As the crypto winter continued the price of TAMA regressed back to around $0.01, but the token has enjoyed an excellent 2023 and April in particular, with the price returning to local highs of $0.035.
The coin has again dipped following the announcement news - with traders following a ‘buy the rumor, sell the news’ strategy’ - but despite a short-term retraction, TAMA’s mid and long-term prospects look extremely bright.
Tamadoge Appoints Hugely Experienced New CEO
In February, Tamadoge appointed Jon Bishop as its new CEO - seen by many as a landmark appointment.
Bishop’s role immediately before joining Tamadoge was as the Head of Mobile for Outright Games, the world’s largest publisher of children’s mobile games.
They produced titles for globally recognizable IP such as Peppa Pig, Paw Patrol and Bratz, while Bishop also has long experience in the fintech and crypto worlds.
His CV also includes roles with PayPal and eBay, as well as a previous marketing role with Huobi, the third-largest crypto exchange.
Tamadoge Arcade Races to 25,000 Monthly Players
The Tamadoge Arcade is now up and running with five unique games ready to play in either play-to-earn or free-to-play modes.
In fact, the games have been so popular that the Tamadoge Arcade now has 25,000 unique monthly players - more than The Sandox and Decentraland combined.
DappRadar data reveals that those two games, which still boast a $1 billion market cap each, have less than 20,000 unique monthly players between them.
During the 2021 bull run those games commanded market caps of more than $15 billion combined and while retail and institutional investment raced to purchase tokens, players never followed.
Tamadoge already has an active and growing player base but its market cap is currently $25 million - showing the growth potential the project still has.
The games - Super Doge, Rocket Doge, Tama Blast, Ramadoge Run and To The Moon - are retro-style platform games that see players collect coins in unique ways and earn a place on leaderboards.
Rewards are paid out to both weekly and monthly leaders.
Augmented Reality App in Development
As well as the Tamadoge Arcade, the project’s main feature - an augmented reality (AR) mobile app - is still in development and expected to be release later this year.
With the AR app, players can enter the ‘Tamaverse’ and take their Tamadoge pets - based on 90s craze Tamagotchi - into the real world to explore and hunt for rewards, as well as interact with the environment.
Players purchase food and treats in the Pet Store to help grow their pet, eventually battling against other players for a place at the top of the leaderboard.
The Tamadoge NFT collection allows players to own pets that can have stronger attributes and stats to help them win battles, while the app will allow players to interact with their pets 24/7 and on the go.
The Pet Store will also help the tokenomics of Tamadoge - which are already much more robust than some rival meme coins.
There is a limited max supply of just 2 billion TAMA, compared to 130 billion and counting for Dogecoin and 549 trillion for Shiba Inu, and the supply is also deflationary.
Pet Store transactions will have a 10% burn applied to them, which will gradually see the supply decrease to increase its scarcity and, eventually, drive up the price.
