Many young people are investing in crypto as it is one of the most popular options to get rich quick. The interesting thing is that it is not only for IT geeks and young hustlers. If you pay close attention to what is happening in the market, there are a lot of institutions, corporations and serial investors who are interested in this type of investment.
We all remember Terra Luna and the hype around it that provided its system that allowed holders to hold the LUNA cryptocurrency to provide liquidity and earn rewards. That earned them a good price of around $150 but now their prices are down to less than $1.
With new, attractive meme coins offering the same or similar capabilities as TAMADOGE, this could be a challenge for Terra and its founders.
With all the chaos in the market and Terra Luna’s shift to Terra 2.0, it remains to be seen whether this coin will make its comeback or stall as new players like TAMA arrive on the scene.
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The story of Terra Luna
LUNA coin was created by South Korean firm Terraform Labs and launched on cryptocurrency exchanges in July 2019.
The coin was developed on the Terra blockchain as part of a dual-token system with the stablecoin TerraUSD (UST). UST was minted by burning LUNA, which gave LUNA its value and theoretically maintained the stability of UST.
In addition to powering its stablecoin, Luna cryptocurrency holders can stake to provide liquidity and earn rewards. It was used as a governance token for investors to vote on proposals affecting the future of the network.
Terraform’s whitepaper, called Terra Money: Stability and Adoption, was published in April 2019.
It said: “While many see the benefits of a price-stable cryptocurrency that combines the best of both fiat and bitcoin, many have no clear plan to adopt such a currency”.
There seems to be a desire among its user community to continue improving Terra. They have recently shown a sacrificial willingness to burn their LUNA tokens in an attempt to drive up the price. Du Quan, despite not supporting such a project, also shared a burn address for the community to send their unwanted tokens to.
The new blockchain was launched on May 27, but LUNA still has its work cut out for it to rebuild trust between investors and exchanges after millions of dollars were lost. For example, Binance’s $3m investment, which reached $1.6bn in April 2022, has collapsed and is now worth less than $3,000.
Despite listing the new token, Binance’s chief executive Changpeng ‘CZ’ Zhao expressed a critical view in an interview with Fortune. He said: “The project team made design mistakes earlier [and] The operational response has been slow and has already hurt a lot of people – we take that into full consideration.
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Terra Luna price history
In 2019, LUNA opened at $1.31 but has been on a downward trajectory for the first 18 months. After September 2019, LUNA continued to record new lows. It dropped to $0.21 on 18 December 2019, then to $0.12 on 18 March 2020.
On 19 August 2020, Terra announced that LUNA will be listed on the exchange platform Binance. Users can collect their LUNA coins from August 28 and the price has increased from $0.33 in July to $0.56. But, it wasn’t long before it sank again.
Although UST launched in September of the same year, LUNA fell back to $0.32. In early 2021, LUNA started to behave bullishly. On February 9, it reached $6.44 and rose even higher over the next six months, reaching $34.96 on August 28. On 7 September 2021, the crypto market plunged to a closing price of $27.79.
Terra Luna price forecast for the rest of 2022
What do our forecasters predict will happen to Terra in the coming months?
This is what they have to say about the LUNA coin price prediction for 2022 and beyond.
We expect the LUNA crypto price depreciation trend to continue. The Fear and Greed Index is showing “fear” with 27 out of 28 technical analyzes indicating that investors should sell. Based on our Terra Classic forecast, now is a bad time to buy a Terra Classic.
We don’t think it will cross the $1 mark again. The site’s LUNA crypto forecast says it will remain at an average price of $0.00012 this year. It is expected to rise slightly in 2025, with an average price predicted at $0.00018. By 2031, it expects its Terra Luna coin price prediction to rise to $0.0004.
Terra Classic is expected to see a gradual rise and reach $0.002 in 2028. According to its LUNA coin price 2030, the cryptocurrency is expected to reach $0.003 that year.
With falling prices and a lack of faith in Terra’s capabilities and use cases, people are turning to other, more promising projects.
One of them is TAMADOGE, a memecoin with utility. Launched in July 2022, TAMADOGE is a deflationary cryptocurrency where users can battle to climb the leaderboard by earning Dogpoints.
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Is Tamadoz the new cool kid on the block?
Tamadoge is the currency at the center of the Tamaverse, allowing you to create, breed, care for, and battle your TAMADOGE pets.
Users with the most dogpoints at the end of each month will be able to claim their winnings from the monthly dosepool. Your Tamadoz will grow with you, getting stronger over time, but make sure you take care of them. If you leave your Tamadoge for too long then they will end up as a Tamaghost.
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METAVERSE Vs TAMAVERSE?
While everyone is focused on the “Metaverse”, they are missing the next big thing – the Tamaverse. Here comes Tamadoge, bringing Tamavarse to life!
Tamadoge is using the latest NFT and token standards to bring you the token that brings Tamadoge pets to life. They work hard to make sure your tamado feels like a member of your family, just like your grandma.
Where do tama pets come from?
Tamadoge pets are at the core of the Tamadoge project. These mintable, tradeable NFTs are pets that you can purchase using your Tamadoge token. Each Tamadoz pet is printed as a child and each has its own unique stats, strengths and weaknesses.
As you feed and play with your Tamadoz pet you’ll see it grow over time – the way you care for your pet will shape the way it grows and matures. Once your Tamadoz pet grows into an adult, it will be able to battle other players’ pets to become the top dog on the Tamadoz leaderboard.
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How does a tamadoge store work?
Whenever you make a purchase at the Tamadoge store, from buying your latest Tamadoge pet to buying food and toys or a cool new hat, you always pay with a Tamadoge token.
The token you use to make a purchase will be split between three different pools, designed to provide greater price pressure for the token, allowing the TAMA team to develop the platform and provide a source of tokens for P2E elements. game
5% of spent tokens are completely burned, meaning that for every 100 tokens spent, 5 are removed, steadily reducing the supply of tokens. 30% of spent tokens will be used for marketing and platform development, allowing us to follow Tamadoz and produce an even better platform.
Finally, 65% of all tokens spent will be added to the P2E prize pool. It is used to pay out rewards to the community directly from the Tamadoz leaderboard.
TAMA vs Terra Luna
The token’s deflationary characteristics are one reason why investors are excited about Tamado’s future. Instead of using a transaction tax, like many other tokens, the Tamadoge team chose to implement a ‘token burn’ mechanism for in-game purchases.
Each TAMA token has a nominal value of $0.01, with a minimum investment limit set at just 1,000 tokens (around $10). Due to Tamadoge’s strength in the meme coin niche, this presale immediately started gaining traction, raising over $500,000 in the first few days of its launch.
After the presale phase ends, the TAMA token price will increase by 25% to $0.0125. No end date has been set for the pre-sale phase, although the Tamadoge team already has some exciting plans after its conclusion.
Given the growing popularity of TAMA, it already shows potential to outperform Terra Luna and we do not exclude the possibility that this coin price will rise to $1.
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How to buy Tamadoz
You have read our analysis and made a good decision to buy this hot coin. So, what now?
Here are the easy steps to buy TAMA yourself:
To get started, make sure you have the Metamask wallet installed in your browser or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet).
Buying on a desktop browser gives you a smooth shopping experience. For this we recommend MetaMask.
If you’re buying on mobile, we recommend using Trust Wallet and connecting through the built-in browser (Copy to Trust Wallet Browser).
Once you have prepared your preferred wallet provider, click on “Connect Wallet” and select the appropriate option. For mobile wallet apps you need to select “Wallet Connect”.
Then you have three options
- Buy ETH with card. This option allows you to buy ETH which will be sent to your wallet via our partner Transac. You will then be able to use this ETH to purchase TAMA. Click “Buy Eth with Card” to start and follow the on-screen steps. We recommend buying at least $15 worth of ETH to cover the minimum TAMA purchase.
- Buy TAMA with ETH. If you have enough ETH in your wallet (if you don’t have ETH or USDT, please choose option 1 to buy ETH first), you can now exchange your ETH for TAMA. Type the amount of TAMA you want to buy (1,000 minimum) and then click “Convert to Eth”. Your wallet provider will ask you to confirm the transaction and also show you the gas cost.
- Buy TAMA with USDT. Make sure you have at least $15 USDT in your wallet before starting a transaction. Type 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 for the transaction amount. Make sure you follow both the approval steps to complete the transaction.
After the presale ends, you will be able to claim your TAMA tokens. We will release the details closer to the time, however you will need to visit the main site and click on the golden “Claim” button.
Agreement to Tamado
Use the contract information below to add TAMA token to your wallet.
Token symbol: TAMA
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You have learned about Tamadoge and the benefits of buying when the coin is low. Also, with a declining coin like Terra, you should consider researching some new, interesting projects.
Our personal recommendation is to give Tamado a try. Of course, do your own research first. That’s what we always tell you.