Can Tamadoge replace Dogecoin or Shiba Inu?

Last Updated on 24 August 2022 by CryptoTips.eu

Who’s going to lead the next phase in the meme coin world? Tamadoge? Dogecoin? Or Shiba Inu? Or better yet, can Tamadoge replace Dogecoin or Shiba Inu? Well, let’s find out. TAMA, Tamadoge, is currently hailed as the new meme coin on the block.

Even though meme coins typically don’t have a severe project behind them, they’ve gone to achieve high listings and generate high market profits. With that in mind, meme coins are considered high-risk investments in the crypto market.

Dogecoin and Shiba Inu

Dogecoin ranks as the first joke coin, created in 2013 and only recently got the support of high-profile individuals, namely Elon Musk. You’d be forgiven for thinking Elon owns Dogecoin, but he doesn’t. Elon is a staunch supporter of Dogecoin, and his company Tesla accepts purchases using DOGE.

In essence, most people believe that the success of DOGE is mainly pegged on the individuals who support it and not its underlying technology. But, as I said earlier, meme coins are meant to be ‘jokes.’ As much as you can profit from them, they have a higher risk than most cryptocurrencies.

Shiba Inu, also known as the Dogecoin killer, is now ranked as the second canine-inspired meme coin in the crypto world. SHIB is valued at a $9 billion market cap and just had a 25% bullish run in the last 24 hours, thanks to the Ethereum merge.

So, can Tamadoge replace Dogecoin and Shiba Inu?

Tamadoge is built with a real-life use case compared to SHIB and DOGE. Then again, anything with some kind of utility and use case can overcome DOGE and SHIB since they are both meme coins. TAMA is built on a P2E (Play-to-Earn) Tamaverse, allowing gamers to breed, develop and train their pets and earn points.

These points are rewarded in the form of TAMA tokens. The blockchain was launched in June 2022, making it a relatively new meme coin. More importantly, TAMA is a deflationary meme coin created to be the new king of the meme coin world.

TAMA is the native coin in the Tamadoge platform, and it’s slowly becoming a wave in crypto gamer circles. With enough popularity, TAMA could easily take the crown from DOGE. But the coin has a long way to go. The unfortunate part is that TAMA is the riskiest of all meme coins. That’s because it’s relatively new in the scene and quite volatile. Anything could happen before the end of the year, and this coin could lose its value completely.