The VET/USDT pair has been wobbling inside an ascending triangle pattern, reflecting the ongoing consolidation phase for traders. However, the altcoin facing strong supply pressure from the 20-day EMA is slumped back to retest the ascending trendline. Can this rising support replenish the bullish momentum?
VeChain Price Analysis: Falling VET Price Tease $0.03 Breakdown
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What crypto are the whales buying? After the ongoing crypto market crash in 2022, users are looking for the best meme crypto to buy now. Currently, many whales and investors are looking to buy TAMA – a new NFT project that is aiming to change the gaming sector by introducing DeFi (decentralized finance) protocols. This guide will review one of the best new crypto meme coins and why whales are accumulating Tamadoge. Why Tamadoge has Gained the attention of Memecoin Whales in 2022 The sections below look at 5 reasons why Tamadoge is gaining attention among the meme coin whales in 2022. 1. Affordable Pricing On the 25th of July 2022, TAMA launched its beta presale phase. Investors can buy Tamdoge for $0.01 per token, with a minimum purchase of 1,000 tokens ($10). To buy TAMA, investors can either purchase ETH or USDT, and convert their holding to TAMA coins. On the other hand, users can buy TAMA with fiat currency via credit/debit card payment methods. Currently, early investors have bought over $100,000 of TAMA in the first two weeks of the Tamadoge beta sale. The low token price can potentially make TAMA one of the best low-cap crypto gems to buy in 2022. 2. Deflationary Token One of the benefits of buying Tamadoge is that it aims to be a deflationary token. For example, coins like Doge and Shiba Inu are not inflation-proof – since they provide an increase in the number of tokens supplied over time. Dogecoin has increased its total supply cap from 100 billion to 132 billion, making the supply increase compared to the demand. On the other hand, TAMA provides a decreasing token supply over time. Firstly, TAMA has a maximum supply of 2 billion tokens. Moreover, 5% of all TAMA tokens spent on the platform will be burnt. This will ensure that the number of tokens reduces over time, increasing the demand in the long run. Therefore, the developers hope that the token can increase in value and potentially provide investors with higher returns. 3. No Transaction Tax Another key feature of the Tamadoge cryptocurrency is that it charges no transaction tax to users who buy, sell and trade the tokens. For example, many crypto ecosystems will take a cut from users’ transactions to maintain the rest of the network. However, the TAMA developers state that the ecosystem itself will generate revenue. This benefits the network users since they can retain a higher amount once their transactions are completed. 4. Long-Term Investment One of the main weaknesses of meme coin investments is long-term stability. While Bitcoin and Ethereum do experience price corrections, they have always provided profits in the long term. However, meme coins experience rapid pump and dump movements, making it a risky bet. The unique feature of TAMA is that it is positioned as both a meme coin as well as a utility token. It functions as the Tamaverse – the P2E ecosystem where users can earn in-game rewards. Players can purchase Tamadoge pets – which are unique NFT avatars. They are used in competition against other players to earn TAMA tokens from P2E prize pools. TAMA is also the payment method to purchase these NFTs from the Tama store. Therefore, there is long-term utility in the token. With the development teams’ plans to list the tokens on multiple crypto exchanges, users can buy TAMA now and hold it for the long term. Thus, TAMA is gearing up to become one of the best utility tokens in 2022. 5. Future Roadmap Plans Finally, a good cryptocurrency investment involves researching the project and its future plans. Many whales will see TAMA as an exciting opportunity due to the promising updates the ecosystem will look to deploy. Firstly, TAMA is expected to be listed on decentralized (DEX) and centralized exchanges (CEX). For example, a notable DEX, TAMA will be deployed on the popular CEX – LBank and UniSwap. Apart from the web-based P2E platform, Tamadoge is also looking to release an Augmented-Reality (AR) by the final quarter of 2022. This app will retain the P2E dynamics as the web-based platform but offers easier access to Tamadoge. With several new metaverse apps coming up, this can potentially become one of the best NFT apps in the market. Next is the platforms’ plans for an upcoming P2E arcade – which will feature several Tamadoge-related games and physical Tamadoge rewards to players. What is Tamadoge? Tamadoge (TAMA) is the native cryptocurrency and utility token of the Tamaverse. This is a decentralized crypto project which will boast several P2E gaming features – allowing players to earn rewards while participating in community-driven competitions. Tamadoge pets are at the centre of the P2E universe – since these NFT avatars can be bought, created and bred to participate in games. Users will battle other members and compete for points on a monthly leaderboard to earn TAMA from various “dogepools”. Apart from buying Tamdoge pets, users can buy items such as accessories and foods which can be used on their NFT pets. All these items will be purchased with TAMA, and the tokens collected will be split among three pools. Firstly, 5% of the tokens spent will be burnt to increase the demand against the supply. Secondly, 30% of tokens will be used for marketing purposes so that the platform gains social media presence and becomes more mainstream. Finally, 65% of the tokens spent are re-distributed to the P2E prize pools and given to the top performers on the Tamadoge platform. A Closer Look at Tamadoge Apart from providing several P2E features and NFT-centred protocols, the TAMA token displays strong tokenomics. TAMA is trading for beta presale for only $0.01 per token. The Tamadoge team has made 50% of the total supply available for this first token round. 20% of the total token supply has been reserved for future listings on centralized and decentralized exchanges, such as LBank and UniSwap. The remaining 30% will be available in the next 10 years via minting operations. Currently, the Tamaverse is only at its infancy stage. Apart from the Tamadoge pets, this metaverse environment envisions a place for several AR-based apps, exciting earning opportunities with arcade games and even virtual dog parks in the plans for the future. Users interested in learning more about the project can subscribe to the official Telegram group and stay updated. Admins will never DM you first, beware of scams where impersonators copy the profile pic and name of admins or moderators. Min Investment 1,000 TAMA (∼$10 + gas fee) Max Investment N/A Purchase Methods ETH, USDT, Debit / Credit Card (via Transak) Chain Ethereum Beta Sale Ends 2nd September 2022 Presale Ends Q4 2022 How to Buy Tamadoge (TAMA) The sections below provide users with a step-by-step breakdown of how to buy Tamadoge in 2022. Step 1: Set up a Crypto Wallet Users need to download a crypto wallet when looking for where to buy Tamadoge. For example – users can use MetaMask – one of the best crypto wallets, which will allow users to purchase TAMA during the ongoing beta presale. Users can head over to MetaMask and click on ‘Download’. Step 2: Buy ETH or USDT Users can buy Tamadoge with ETH or USDT by purchasing it from a crypto exchange and transferring the tokens back to their Metamask wallets. It’s also possible to buy TAMA using a debit/credit card via the popular fiat on-ramp Transak. Step 3: Link MetaMask to Tamadoge Presale Platform The next step is to go on the Tamadoge website and click on ‘buy’. Users can then click ‘Connect Wallet’ and choose their wallet provider to connect with the presale platform. Follow the instructions to officially link the wallet. Step 4: Buy TAMA Tokens The final step is to buy TAMA. Simply enter the amount of TAMA you would like to purchase and select ‘Convert ETH’ or ‘Convert USDT’. Users need to purchase a minimum of 1,000 TAMA. Buy Tamadoge on Beta Presale Finally, users can claim their TAMA tokens once the presale ends. Once the presale period is over, click on ‘claim’ on the Tamadoge website’s homepage.
Ethereum scaling solution XDC Network presents XDPOS2.0, an enhanced consensus for scalability and forensics.
Scalability problems have plagued Ethereum, the second-largest blockchain network in the world, for some time now. The proof-of-work model’s inability to scale demonstrates that blockchains implementing this consensus process are limited to transaction throughput rates of a single digit. It is evident to any developer who has attempted to create a widely utilized decentralized application that Ethereum isn’t nearly ready in its current form. The user experience is awful because transactions take a long time to clear, and every basic function must be paid for. Everything comes down to a generic “scalability” issue, and cost and poor throughput have been significant roadblocks to any severe adoption. Ethereum has primarily decided on a course of action. Although Ethereum 2.0 is one of the most ambitious projects in the blockchain industry, it will be a significant step forward for decentralization if it succeeds as planned. The Ethereum blockchain’s and other top blockchain platforms’ scalability issues have an inventive answer in the form of the XDC Network. The 108 Masternodes that make up the XinFin Delegated Proof of Stake (XDPoS) consensus architecture that powers the XDC Network enable cheap transaction fees and 2-second transaction confirmation speeds. Innovative methods, such as double validation, staking via smart contracts, and simple randomization procedures, ensure security, stability, and a trustless ledger. The XDC Network supports all EVM-compatible smart contracts, protocols, and atomic cross-chain token transfers. Sharding, EVM parallelization, private-chain creation, and hardware integration are a few examples of new scaling strategies that will be continuously investigated and included in the Masternode architecture of the XDC Network. For both small and large organizations, it will be the perfect scalable smart-contract public blockchain for decentralized apps, token issuances, and token integrations. Currently, multiple projects are already built on XDC Network, and it can be found among the utilities of XDC on XinFin’s official website. With its practical and secure consensus protocol, XDC Network addresses the traditional blockchains’ primary bottlenecks. Hence, XDC Network is a trustworthy Ethereum-compatible and Ethereum-competitive blockchain platform that offers a foundation layer for business blockchain applications and a strong ground for blockchain innovation at all levels. A novel consensus engine developed exclusively for XDC, XDPoS 2.0, has been released in testnet. With a full year of beta testing necessary before the new protocol is scheduled to be implemented in the first quarter of 2023, XDPoS 2.0 is viewed as a significant milestone and by far the most complex upgrade since the XDC Network’s inception. This upgrade, which is entirely backward-compatible in terms of APIs and is based on the most cutting-edge BFT consensus mechanism, will give the XDC Network military-grade security and performance while using minimal resources. Additionally, it will clear the way for the XDC Network’s future development. Multiple tools such as Origin – Token creation Platform, Remix, Explorer, Tools & documentations are available to help the newbies planning to build on XDC Network. Already, the developmental conversations are active on Xdc.dev, a community for blockchain developers. It acts as one of the resource centers for blockchain engineers, including a knowledge base, tools, and support.
Hashstack is thrilled to announce its strategic shift to Starkware developed Starknet — the first general-purpose permissionless Decentralized ZK-Rollup, to deploy Open — Hashstack’s money-market protocol and enable secure, under-collateralized loans on the blockchain. With this, Hashstack shifts its focus from EVM chains to zk-primitives to further its mission to build the critical infrastructure necessary to 10x the usability … Continued
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Crypto Broker, Voyager, has decided to resume its cash withdrawals on its app. Users shall be able to make cash withdrawals from the application, this news comes after Voyager suspended trading, deposits, withdrawals and loyalty rewards for over a month. The cryptocurrency lender has panned to restart the customer access to withdrawals from August 11, […]
Ethereum price analysis suggest a consolidation near the higher level. The price is oscillating above $1,700 while maintaining a bullish bias. However, the bears are trying to pull the token lower as the price moves in a very narrow trade range. Despite, a luke warm trading session the Ethereum price moves inside the rising channel.
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