The price of bitcoin rallied back above $21,000 on Friday — after falling below $19,000 on Tuesday, which was its lowest point since June.
One of the reasons bitcoin continues to see rallies in the larger downtrend is that every move down is immediately greeted by large bitcoin orders primarily from large wallet addresses, which are probably institutional investors.
With big cryptos being more volatile than ever, some new projects are showing rapid growth and interest, such as TAMADOGE. Will these new coins replace BTC? No one can predict the future, so all we can do is sit back and watch.
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5 events that will drive up the price of bitcoin
There are five lunar events that could flip the ship:
● Approval of a spot Bitcoin ETF
● The Fed backtracks
● Mass adoption of Bitcoin as legal tender
● Integration as a payment option by a large company
● China opens the Web
Approval of a spot Bitcoin ETF
If a spot ETF were to be approved, it would render this long-standing objection moot and bring a new level of legitimacy to Bitcoin and the crypto asset class as a whole.
This has the potential to usher in a new wave of institutional adoption that could lead to the end of the crypto winter as new funds pour into the market.
The Fed backtracks
After several years of easy money policies and near-zero interest rates, the US Federal Reserve approved a 0.25% interest rate hike, the first rate hike in more than three years.
The historic rise in cryptocurrency and legacy markets that was seen in 2021 was largely driven by the Fed’s easy money policies, and it’s highly likely that a return to such policies would see new funds are pouring into the crypto ecosystem.
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What does this mean for other cryptos?
BTC surged to over $21,000 in value, surprising pessimists who were anticipating a bigger drop from price growth.
With marketing being so dynamic, it’s really hard to say how it’s going to pan out, but there are a few interesting pieces galloping into the market fast. One of them is TAMADOGE, launched in July 2022.
What is TAMADOGE?
Tamadoge is the currency at the center of the Tamaverse, allowing you to create, raise, care for, and battle your TAMADOGE pets. This is a coin with utility. Launched in July 2022, TAMADOGE is a deflationary cryptocurrency in which users can fight to climb the ranks
ranking by earning Dogepoints.
Users with the most Dogepoints at the end of each month will be able to claim their monthly Dogepool earnings. Your Tamadoge will grow with you, getting stronger over time, but be sure to take care of them. If you leave your Tamadoge too long, it will eventually become a Tamaghost.
That being said, let’s look at the remnants of events that could influence the rise in the price of BTC.
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Major adoption of Bitcoin as legal tender
In 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender for the use of its citizens. In April 2022, the Central African Republic (CAR) became the second country to do so, indicating an upward trend.
Integration as a payment option by a large company
The ability to make purchases by transacting directly on a blockchain network is relatively limited.
On several occasions, Elon Musk has demonstrated that the mere mention of integrating blockchain-based payments can trigger a market rally for the token in question.
Based on this, it is likely that crypto payments integrated by a major company like Amazon or Apple could trigger a wave of bullish momentum.
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China opens the web
For Chinese internet users, access to the rest of the global web is severely restricted.
A decision by the Chinese government to lower the Great Firewall would have a huge effect on traffic flows, increasing demand and possibly even creating movement on block size limits that have limited Bitcoin’s growth.
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TAMA VS BTC
Given the use cases offered by TAMA and its rapidly growing value at $1, this coin could be the winner of the BTC-TAMA race. If you don’t want to take risks, we have only one word for you: DIVERSIFICATION.
Explore your options with TAMA, then dedicate yourself if you want to buy it. Our advice is – give it a chance! It might surprise you.
You should jump on that high-speed train and buy it while the price is still low, because you might find yourself becoming a new millionaire in a year or two.
How to buy Tamadoge
You have read our analysis and made a smart decision to buy this hot coin. And now?
Here are the easiest steps to buy yourself a TAMA:
To get started, make sure you have a MetaMask wallet installed on your browser or use one of the
wallets supported by Wallet Connect (we recommend Trust Wallet).
Shopping on a desktop browser will give you a smoother shopping experience. For this, we recommend Metamask.
If you’re buying on mobile, we recommend using Trust Wallet and logging in via the built-in browser (just copy https://buy.tamadoge.io into the Trust Wallet browser).
Once your preferred wallet provider is ready, click on “Connect Wallet” and select the
appropriate option. For mobile wallet apps, you will need to select “Wallet Connect”.
You will then have three options
● Buy ETH with card. This option will allow you to buy ETH which will be sent to your wallet by our partner Transak. You can then use this ETH to buy TAMA. Click “Buy Eth with Card” to begin and follow the on-screen steps. We recommend buying a minimum of $15 worth of ETH to cover the minimum purchase of TAMA.
● Buy TAMA with ETH. Once you have enough ETH in your wallet (if you don’t have ETH or USDT, please select option 1 to buy ETH first), you can now trade your ETH against Tama. Type in the amount of TAMA you want to buy (minimum 1,000) then click “Convert Eth”. Your wallet provider will ask you to confirm the transaction and will also tell you the gas cost.
● Buy TAMA with USDT. Make sure you have at least 15 USDT in your wallet before starting the transaction. Type in the amount of TAMA you want to buy (minimum 1,000). Click “Convert USDT”. You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. Please make sure to follow the two approval steps in order to finalize the transaction.
Once the presale is over, you will be able to claim your TAMA tokens. We will publish
details closer to the time, but you will need to visit the main site https://tamadoge.io and
click the gold “Claim” button.
Use the contract information below to add the TAMA token to your wallet.
Symbolic symbol: TAMA
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Hope you enjoyed our article. Note that crypto price predictions based on analysts and algorithms may be wrong. Forecasts should not replace your own research.
Even if some analyzes predict a huge jump for Bitcoin, it is still early to know and given its volatility, you should consider looking for new interesting projects.