Cardano, a promising crypto project that has yielded high returns for investors, is proving to be a great investment opportunity. Some Cardano investors are now bearish due to the cryptocurrency market crash. Because of Tamadoge’s utility and reward, investors have become bullish about Tamadoge.
Can Cardano Drop Lower?
Cardano (ADA), a crypto-bear market, has seen its price drop 87% after it reached a record $3 in August 2021. Many are asking if ADA could fall further.
ADA provided investors with a return of 7,000% because of a rally at 2017’s end that lasted to the beginning of 2018 and ended in 2017. Cardano saw a second rally just recently at the start of 2021. It climbed just slightly above 1,600%.
If that wasn’t enough, ADA retraced and then went for another run to reach its all-time high. Since then, ADA’s buyers have lost steam and crypto bears have taken control. Although ADA has lost 87% of its value, it’s possible that it can lose more.
These top cryptocurrency cryptocurrencies, Ethereum and Bitcoin, lost almost 90% in value during the 2018 rally. So it’s possible that ADA can dip lower before it starts climbing up again.
Bullish Market Sentiment
It’s not easy for investors to watch several red candles a few weeks in a row. Many crypto investors have lost hope in another ADA rally, and the worst part is that many believe that the bottom isn’t yet in.
Financial markets are a self-fulfilling prophecy. Panicked investors selling because they think the price will drop. However, eventually the ADA price is going to bottom. It will then be time for you to purchase Cardano.
What makes Tamadoge (TAM) bullish?
Tamadoge does more than any other meme coin. Because it provides utility, entertainment, and rewards, Tamadoge aims to be able to compete with Dogecoin.
A Successful TAMA Presale
The Tamadoge token has been holding the highest number of crypto presales. It raised over $13 million within a month. The Tamadoge presale is still underway and ends in Q4 2022, so investors need to get in now as the token’s price is increased incrementally as certain stages of the presale are reached.
Lists on large centralized exchanges are where the most popular crypto projects have been listed. Tamadoge is soon to be listed on LBank (a centralized exchange). TAMA can also be purchased on Uniswap by proponents decentralized exchanges.
Being listed on these two exchanges means that more investors will have exposure to it and the coin’s liquidity will increase. TAMA is likely to see more investors in the future. This could lead to increased demand.
Utility, rewards and burning
Rare assets can be more valuable than those readily available. TAMA’s developers burn 5% of all transaction tokens, and they have limited the supply to 2 billion. This deflationary coin’s demand should grow after each burning.
TAMA is a cryptocurrency that allows players to make digital pets.
A Cardano Alternative to Invest In
NFT investors love Tamadoge, despite many crypto investors becoming bearish about Cardano. Thanks to TAMA being a deflationary asset that provides utility and rewards, it’s turning out to be one of the best future crypto.
TAMA’s presale has raised almost $5 million in a few weeks, and its listing will only help to draw more attention to the coin and give it additional exposure.