Since Bitcoin launched in 2009, it has been the leading cryptocurrency on the market, with others having virtually no chance of overtaking it.
One of its main advantages is the fact that it is the first cryptocurrency ever created.
However, with more than a decade in the past, analysts believe that Bitcoin might not stay in the number one spot for much longer.
If there is one cryptocurrency on the market that can dethrone Bitcoin due to its advanced network and cutting edge features, it is Ethereum.
Additionally, there are also interesting things happening in the meme coin universe with Tamadoge threatening to take down Dogecoin and Shiba Inu.
Bitcoin stalls as Ethereum continues to hit milestones
Starting August 24theBitcoin is still stuck at the $21,500 mark and struggling to establish any kind of bullish momentum.
Many investors awaited Federal Reserve Chairman Jerome Powell’s speech at the US central bank symposium in the hope that it would generate positive sentiment around the world’s leading cryptocurrency.
However, Powell did not focus too much on cryptocurrencies in his speech, ultimately leaving traders confused as to whether the price of Bitcoin will rise in the coming weeks.
Quick Summary: Bitcoin started this week at a price of $21,509 and has been dancing around this mark for some time now.
On the other hand, Ethereum continues its upward spiral in recent days.
The price of Ethereum saw a 5% surge this week due to the official announcement that the long-awaited merger will take place somewhere between 10the – twentythe of September
Although some analysts seem confident that this merger will not generate huge profits immediately, it seems imminent that it will positively influence the long-term price of ETH.
What are the advantages of Ethereum over Bitcoin?
For as long as we can remember, Ethereum has always been the runner-up to Bitcoin in terms of the largest crypto based on market cap.
However, with Bitcoin struggling to establish new uptrends, Ethereum now has a better chance than ever to dethrone the leading coin.
This week, Ethereum hit a new two-month high and outperformed BTC in almost every aspect. One of the main causes of this was the final test of the ETH upgrade.
Ethereum 2.0, the upgrade that will transform the network from a PoW (proof-of-work) model to a PoS (proof-of-stake), will be released in mid-September.
As a reminder, the proof of stake model is used for transaction validation through randomly chosen verifiers.
This is the opposite of the PoW model which incorporates a specific validation technique to confirm transactions (Bitcoin still uses this model).
By transferring to the PoS model, Ethereum will gain an advantage over Bitcoin as this system is much more efficient, affordable and faster compared to PoW.
Furthermore, Ethereum is also the largest smart contract platform in the world and has the largest number of DApps built on its network in the crypto industry.
Lastly, investors are beginning to appreciate the fact that the information of who is behind Ethereum is completely transparent (Vitalik Buterin and Gavin Wood), while the founder of Bitcoin is still unknown.
Tamadoge Could Be The Next Leader Of The Meme Coin Universe
Ethereum isn’t the only cryptocurrency ‘for blood’ these days: Tamadoge is looking to take over the meme coin universe.
For weeks now, Tamadoge has been hitting new milestones, with its pre-sale attracting a host of new investors every day. He has also been considered one of the The best cryptocurrencies to buy on Reddit.
Due to its incredible tokenomics and real-world utility, it is no exaggeration to say that it could dethrone Dogecoin and Shiba Inu as the leading meme coin in the coming months.
In short, Tamadoge is a Doge-inspired meme coin that comes with utility and combines Metaverse, P2E, and NFT technology.
TAMA is the platform’s native governance token and is the primary currency for in-game transactions, wagering, and reward distribution.
Each Tamadoge NFT is a unique baby pet that players care for and prepare for battle. Those who win the most battles with their pets are rewarded with Dogepoints and earn generous prizes.
Since Tamadoge is KYC’d by CoinSniper and audited for smart contracts by SolidProof, investors do not have to worry about any “rug pull” dangers.
The platform’s beta sale ended a few days ago with $2 million raised.
However, if you are interested in becoming one of the early investors, you can still get TAMA tokens in the pre-sale that will last until September.
The pre-sale will only last a couple more days and analysts believe that the price of TAMA tokens will never be this low again, so you better hurry up!
Also, if you buy TAMA tokens on time, you will be able to participate in the $100,000 crypto draw that will take place on the day of the main prize draw.
How to buy Tamadoge
Here is the exact guide you can follow for your first purchase of TAMA tokens.
To get started, make sure you have a MetaMask wallet installed in your browser, or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet).
Shopping in a desktop browser will give you a more seamless shopping experience. For this we recommend MetaMask.
If you’re shopping on a mobile device, we recommend using Trust Wallet and connecting through the built-in browser (simply copy https://buy.tamadoge.io in the Trust Wallet Browser).
Once you have your preferred wallet provider ready, click “Connect Wallet” and select the appropriate option. For mobile wallet applications, you will need to select “Wallet Connect”.
Then you will have three options: Buy ETH by card. This option will allow you to buy ETH that our partner, Transak, will send to your wallet.
You will then be able to use this ETH to buy TAMA. Click “Buy Eth with Card” to get started and follow the on-screen steps. We recommend buying a minimum of $15 in ETH to cover the TAMA minimum purchase. Buy TAMA with ETH.
Once you have enough ETH in your wallet (if you don’t have ETH or USDT, select option 1 to buy ETH first), you can now exchange your ETH for TAMA. Enter the amount of TAMA you want to buy (minimum 1000) and then click “Convert Eth”.
Your wallet provider will ask you to confirm the transaction and will also show you the cost of gas. Buy TAMA with USDT. Please make sure you have at least $15 USDT in your wallet before starting the transaction.
Enter the number of TAMAs you wish to purchase (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. Be sure to follow both approval steps to complete the transaction.
Once the presale has concluded, you will be able to claim your TAMA tokens. We will post the details closer to the time, however 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.
token symbol: SIZE