Tamadoge Presale Hits $19M Hard Cap Despite Bitcoin Price Drop
The most talked about token presale of 2022 may have become a flight to safety for some investors in the face of crashing crypto prices.
A few hours ago the Tamadoge (TAMA) presale sold out, raising its target of 19 million USDT in choppy crypto market conditions.
At press time Bitcoin is down 6% in the past 24 hours, dropping to an intraday low of $18,670 on Binance.
The Tamadoge token presale began July 25th, 2022 with a beta sale, during which the TAMA price was on discount at $0.01.
That caught the attention of Yahoo Finance who praised its utility and appealing use case:
Unlike most so-called memecoins, Tamadoge has been designed to have real utility. It serves as the native currency of a games platform populated by virtual Tamadoge pets. Owners can mint, breed, and battle Tamadoges to level up. Tamadoge has been designed to make Play-to-Earn fun, having drawn lessons from the mistakes of early P2E games.
Yahoo Finance went on to review Tamadoge twice more, around the $5 million and $8 million milestones.
CNBC also featured Tamadoge at the $15 million mark:
The fact that its presale performance has exceeded that of Ethereum and popular move-to-earn platform StepN is an excellent indicator of future growth potential. Some experts predict a 10x growth by 2023, while others are slating a 50x price spurt. Tamadoge also scores big on the trust factor, with CoinSniper carrying out a full KYC on its founding members and a ‘100 percent secure' label from the Solid Proof audit.
The Tamadoge presale had originally been expected to run into the fourth quarter of 2022, but in total sold out in just under eight weeks.
The next phase will be investors claiming their TAMA tokens - a full announcement on how to safely do so is set to be
Read more on cryptonews.com
