The cryptocurrency market has so far failed to extend its gains in August after a surge in July.
Signs of an economic slowdown and escalating geopolitical tensions between the US and China have also weighed on the market.
A few days ago all the top crypto tokens were trading down.
Despite this, the decentralized finance (DeFi) token Saudi Shiba Inu (SAUDISHIB), which is available on the Binance Smart Chain (BSC), gained over 450 percent and attracted the attention of the crypto community.
But this had everyone wondering if the Saudi Shiba Inu was a wise investment and if the upward trend would continue.
There are many different meme coins available, each claiming to offer something unique, but very often, the uniqueness is limited to the name and little else. Little or no information is known about the Saudi Shiba Inu project.
Saudi Shiba Inu promises NFT collection and decentralized exchange to list Mem Cash.
Additionally, it has no utility and transaction fees, both of which are signs of immediate caution. Thus, the Saudi Shiba Inu is, according to analysts, just another vaporware meme money.
So, instead of dumping your hard earned money into an unproven meme coin that offers no usefulness or rewards, it’s better to look into other meme coins, such as the Tamadoge.
What is Tamadoge?
This is an interesting new meme coin available and it’s usefull. Tamdoge, the native governance token for in-game metaverse ‘Tamaverse’, is a deflationary meme cryptocurrency.
The name cleverly conjures up dog fever and Tamagotchi, a famous computer game from the 1990s. You can grow your own NXT Tamdoge Pet through a game-to-tanning system called Tamadoge.
If you choose to, you can keep multiple Tamadoge pets, give them any food you want, and watch as they grow more powerful over time.
Users receive rewards for spending time with and caring for their pets from birth to age. Adult animals can compete to be the leader on the leaderboard.
He will also have a unique 3D avatar, to join the realm of the Metaverse project.
Additionally, there’s an app built in with an augmented reality viewer, so you can always be just a swipe away from your pet.
This earn-to-play game promises to be fun and requires fighting skills, unlike other play-to-earn games which can be tedious affairs focused on repeated duties with little talent. .
Apart from the Saudi Shiba Inu
Tamadoge appears to be a Metaverse setting that can be addictive. Unlike the Saudi Shiba Inu, there are no taxes on transactions with Tamadoge using TAMA Coins.
Instead, revenue is generated through fees on purchases made in the Tamadoge shop, where players can buy and sell in-game goods.
If you are looking for a meme currency with a traditional trading plan then Tamadoge is your chance which emphasizes on getting more users to increase revenue rather than just playing to make money.
In total, 2 billion Tamadoge tokens have been created, which is the token supply.
This is the ideal opportunity to invest early in the project and start computing your earnings once Tamadoge goes live as it is predicted to start as soon as it is released.
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