Shiba Inu (SHIB) has been spiraling upwards within a descending triangle, indicating that the downturn has not yet stopped. However, because the technical sample had not yet been certified, there was still hope for the notorious meme coin to rebound.
Shiba Inu At a Tipping Level
SHIB swiftly recovered to levels over $0.000014 on May 13 after shedding more than half its value to a swing low of $0.00000873 on May 12.
Since then, the meme currency has recorded a series of lower highs and about equivalent lows in the vicinity of $0.00001035. Therefore, a descending triangle appears to become constant.
If the value of the Shiba Inu falls below the horizontal trendline at $0.00001035, it will tumble to $0.00000719.
A bullish breakout would be indicated by a move above the falling trendline near $0.000011, where the 50 and 100 four-hour Simple Moving Averages (SMAs) seemed to converge.
This move could result in an increase to $0.00001466.
Therefore, any efforts to get SHIB out of consolidation must fight selling pressure from its customers, who may want to break even or reduce their losses.
Alternately, failure to produce a four-hour candlestick close above $0.000011 may cause the token to retrace to the triangle’s base at $0.00001035.
A breach below this level would invalidate the bullish argument and signal the beginning of a new drop.
In such a scenario, market participants may estimate Shiba Inu’s value to plummet to $0.00000719, with a possible pause around $0.00000873.
All of this causes purchasers to be pessimistic on Shiba Inu and seek out more promising alternatives, such as Tamadoge.
The Newest Doge on the Block: Tamadoge
Here are five reasons why you should get on the bandwagon and go pessimistic on Shiba Inu and bullish on Tamadoge.
Tamadoge’s most provide might be 2 billion models (2,000,000,000). At the token creation event, one billion tokens will be in circulation, with 400 million reserved for exchange listings.
In addition, there will be 600 million models available to be minted over the course of 10 years to fuel the Tamadoge project.
Each Tamadoge NFT will include a fully rigged, animated 3D pet model. This may enable the incorporation of Tamadoge NFTs into existing metaverse ecosystems.
Tamadoge is committed to exploring partnership options that will permit you to walk your Tamadoge pets in the metaverse as soon as the token is released. In addition, an augmented reality Tamadoge application will allow you to walk your Tamadoge in real life.
Tamadoge has already planned a number of entertaining activities for the Tamadoge pets. They plan to create augmented reality software that will allow you to interact with your Tamadoge pet as if it were in the same room with you.
The Play to Win rules from the online game will be carried over to the mobile application. Customers will still be able to battle their dogs to the top of the scoreboard, but this will be significantly augmented by additional P2E elements.
Tamadoge Video games
Customers may receive tokens for the time they spend interacting with their Tamadoge pet. The more you collaborate with your Tamadoge pet, the closer you will become and the more money you will make.
You can play with and walk multiple Tamadoge dogs at the same time, and you can train your Tamadoge pet skills to obtain the best photographs for social media sharing.
Every aspect can be tracked on the Tamadoge leaderboard, displaying the top monthly contributors to the community to purchasers.
If that wasn’t enough, Tamadoge has introduced significantly more.
The Play-to-Earn Dogecoin, Tamadoge
Tamadoge (TAMA) is a new cryptocurrency project that offers users and investors play-to-earn (P2E) alternatives and in-reward benefits. Tamadoge is the native cryptocurrency of Tamaverse, a P2E doge-centric game.
Tamadoge, unlike Dogecoin, which gained popularity owing to its strong social media support, is a multi-utility token that offers merchants a variety of use cases.
A 20% reservation has been established for future listings on both controlled and decentralized exchanges.
In addition, Tamadoge is a deflationary asset because 5% of every spent tokens are burned. This ensures that supply never exceeds demand, making the coin more valuable over time.
Another notable feature of Tamadoge is that there is no tax on the purchase or sale of this coin. Tamadoge will only generate money if the tokens you acquire throughout the game are used to purchase Tamadoge-exclusive virtual pets.
CoinSniper, a platform for crypto-analytics, has authenticated this forthcoming Metaverse game, and Strong Proof has conducted an audit. Customers may now purchase Tamadoge during the presale period.
Utilize the below contract information to add Tamadoge tokens to your pockets.