Shiba Inu or Tamadogen? Or both? The world of cryptocurrencies offers various investment opportunities for consumers. So let’s take a look at the latest cryptocurrency investment ideas.
In the last few months we have been able to see a rapid increase in the launch of crypto projects that have come out of the meme culture. Memecoins usually start as a joke. But some have gained traction and captured the imagination of millions. Some have even developed ways to use them productively, either to pay for things, as with Dogecoin, or for use in a connected Metaverse, as with Shiba Inu.
While you probably can’t get carried away with memecoin investments just yet, it can be an interesting long-term hedge against inflation.
Before starting to invest in a new project, it is essential to understand what kind of cryptocurrency we are buying and what kind of service it can provide to the user.
In this article, we will analyze which is the best option for the investor between the popular cryptocurrencies Shiba Inu (SHIB) and Tamadoge (TAMA).
Shiba Inu is considered one of the most popular memecoins in the cryptocurrency market. It was launched in August 2020 by a person whose identity is unknown – but they use the pseudonym Ryoshi.
The community behind Shiba is one of the strongest communities within the crypto ecosystem.
With 3.4 million followers I tweet, the community is experiencing rapid growth. They are so loyal to their ecosystem that they have been called the SHIB Army.
At the time of writing, the cryptocurrency was trading at $0.00001308. The cryptocurrency’s market cap is $7,177,289,174.71 with a market dominance of 0.70 percent.
For the rest of 2022, SHIB price is expected to reach a high of $0.00001530 and a low of $0.00001393. The average exchange price is expected to be $0.00001441.
By 2023, SHIB price is expected to reach a high of $0.00002444 and a low of $0.00002063. The average exchange price is expected to be $0.00002135.
If the price of the cryptocurrency rises as predicted, it will be a result of the success of its latest project, the Shiba metaverse.
Tamadoge is one of the latest memecoins in the cryptocurrency market. The pre-launch of the cryptocurrency took place a little over a month ago. Aiming to raise close to two million dollars in its initial presale, memecoin has generated high expectations within the crypto market.
The Tamadoge community has proven to be one of the fastest growing communities, having reached close to 50,000 users in less than a month since its launch.
Tamadoge has the backing of a serious project behind it, called TamaVerse. In this Metaverse, users are expected to be able to create, play and interact with various pets within it in a play-to-win format.
Shiba Inu vs Tamadoge: Experts Weigh In
Marcos Bravo Catalan is director of audit and consulting at Beps Global Consultores. “Shiba and Tamadoge have both proven to be important cryptocurrencies. Before investing in a memecoin, it is important to make sure that we are not investing in a cryptocurrency that could lead us to lose money. Remember, memecoins usually do not add any kind of real value to society, unlike other serious cryptocurrencies.
Nicolas Tang is Director of External Communications at crypto trading and investment platform Phemex. “The Shiba Token describes itself as a decentralized meme token that evolved into a living ecosystem. It’s hard to deny the impact the project has had. From its colorful history involving the burning and donation of Vitalik Buterin’s tokens, to the launch of its DEX, SHIB sure knows how to grab attention. I’ve mentioned my distaste for meme signs in the past, but I have to admit that it’s hard not to be charmed by this cute dog-inspired movement. Ultimately, it has helped increase the overall adoption of crypto, and I believe that is a net benefit for all of us. “
SHIB vs TAMA: Which is the better investment?
Shiba and Tamadogen share some characteristics. Both are memecoins and both cryptocurrencies have Metaverse projects behind them.
Tamadoge is one of the newest in the world of memecoins. Shiba has been on the market for a while.
Shiba only recently announced the release of its metaverse. And, Tamadogen has raised nearly $2 million in less than a month.
For less risky and more traditional investors, Shiba is positioned as the right choice. But for those with a taste for risk, Tamadage is a good choice.
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