The tamadoge price has risen by over 235% in the past week, capping a 580% return over the altcoin's presale price from last month. At a time when the cryptocurrency market as a whole is down by 18% since August and by 56.6% since the start of the year, such increases are highly impressive, even if TAMA has fallen back from the all-time high it set on Tuesday.

At $0.068395, TAMA is down by 37% in 24 hours and by 64% in comparison to the aforementioned ATH, with profit-taking by earlier holders the likely cause of such a fall. However, with the altcoin still riding its post-presale momentum, and with Tamadoge launching a collection of ultra rare NFTs, it has every chance of rallying again over the weekend.

When its presale first started, investors could purchase TAMA at a price of $0.01. Many did precisely that, with the sale raising around $19 million in total, before the altcoin gained listings on major centralized exchange OKX, as well as its decentralized offshoot, OKX DEX (which is open to users worldwide).

It listed on OKX on September 27, from which date it proceeded to surpass its presale price by a wide margin. Indeed, it reached its record high of $0.194446 a week later, on October 4, meaning it recorded a 1,844% return for its earliest investors.

Even now, it's still comfortably up on its presale prices, even if it has witnessed a climbdown in the past day. This is arguably a necessary cooling off period for the altcoin, with the drop in price potentially providing an attractive discount for newcomers who were a little late to its market.

Aside from its OKX listing, TAMA has