Will Bitcoin Price Reach $30K in August? Maybe Time To Buy TAMA Along With Bitcoin
One of the first cryptocurrencies has taken a serious kick in the last few months, along with the other stable coins. With the emergence of new coins that can be used as digital money, for how long is Bitcoin (BTC) going to stay the number one digital currency and will it make a kickass comeback in the market?
Time will tell. But nonetheless, it wouldn’t be bad to buy the deep, cause, who knows, this is not the first time people have doubted Bitcoin and it surprised everyone.
If you’re preparing to buy the dip, maybe you should also consider allocating your funds to different promising projects, such as Tamadoge in order to diversify your portfolio and reduce the risks.
When talking about Tamadoge, they’ve just finished their Beta Sale and are shifting to presale. Everybody’s expecting so much from this amazing meme coin, but more about it further in the article.
>>>Buy Tamadoge on Presale Now<<<
What’s up with Bitcoin?
Bitcoin managed to stave off major volatility over the weekend, but still saw a new low for August as low-volume weekend trading conditions accentuated market moves.
After the sudden drawdown on Aug. 19, BTC/USD spent subsequent days eking out a low in an overall consolidation pattern, this continuing at the time of writing. The low came in the form of a trip to $20,770 on Bitstamp, with Bitcoin then adding $1,000 before returning to trade approximately in the middle of the two values.
The weekly close at $21,500 was troublesome, marking the lowest since the week of July 18 after last week’s candle cost bulls almost $3,000 or 11.6%.
With the fear of a new low palpable among commentators, others argued that conditions were not unequivocally pointing to further misery. BTC/USD may cap any dip at the CME futures close from Aug. 19, this lying at around $21,200. More difficult for the majority of the market, he implied, would be gained, given the overall bias for downside to entering.
Still not inclined, we’ll be seeing new lows. The overall period of accumulation and heavy correction on Friday causes panic. Pain is on the upside.
Zooming out, however, Brian Beamish, founder of education suite The Rational Trader, left social media with no illusions over how the rest of 2022 should shape up for Bitcoin. “Next 12-19 wks are gonna be ugly,” part of a tweet read.
“Once done, the floor for this cycle ought to be in – then we shall start it all over again.”
Beamish drew on the experience of two prior crypto bear markets, with a comparative price action chart suggesting that the real macro low was far from in for BTC/USD.
Equally confident in recovery over a longer period, however, was analyst Matthew Hyland, who argued that traders should not lose faith. “The Bitcoin structure over the coming weeks/months shouldn’t scare you. Either a higher low, double bottom, or cycle low will be formed,” he summarized. “The end is near.”
Hash ribbons show miners out of the capitulation phase
One group of Bitcoin network participants for which an end to hard times seems demonstrably near is miners. Despite the latest price drop, on-chain data now shows that Bitcoin miners en masse have exited a “capitulation” period lasting over two months.
According to the hash ribbons metric, which uses two moving averages of hash rate to determine miner participation trends, a rebound is now taking shape. The move has been long anticipated. Earlier in August, mining firm Blockware forecasted the hash ribbons capitulation phase to end either this month or next.
The latest shift was noted by Charles Edwards, CEO of asset manager Capriole, who compared this year’s capitulation with others in Bitcoin’s history. “The Bitcoin miner capitulation has officially ended today, making it the 3rd longest capitulation in history at 71 days,” he wrote in a Twitter thread: “This capitulation zone was longer than 2021, and just two days shorter than 2018’s where price touched $3.1K.”
A look at hash rate estimates from monitoring resource MiningPoolStats shows that an uptick above 200 exahashes per second (EH/s) likely began in recent days.
“Historically, Bitcoin’s miner capitulations have captured major price lows and been great buy-signals,” Edwards continued, echoing the classic Bitcoin market mantra, “price follows hash rate:”
“Miner capitulations that occur late cycle (at least 2 years after halving) and after cycle tops have been the most profitable long-term signals (eg. 2012, 2015, 2018).”
Bitcoin (BTC) Price Dropping Down While Tamadoge Is Building Its Way Up
Is there anything new to say about this cryptocurrency at this point? Even people who have zero interest in the industry have heard its name.
As the number one cryptocurrency, it enjoys unimaginably high prices (up to $60K), a lot of attention, and, of course, much scrutiny.
Bitcoin, alongside the rest of the crypto market, is known for its ability to overcome any challenges and have strong comebacks despite everyone writing it off. Various financial experts have been predicting that the Bitcoin bubble will pop “in the near future” every month without fail for the past eight or so years.
On the other hand, have you heard of TAMADOGE? If you haven’t, now’s the right time to give your full attention to the rest of this article.
Tamadoge is the currency at the center of the Tamaverse, allowing you to create, breed, care for, and battle your TAMADOGE pets. This is a meme coin with utility. Launched in July 2022, TAMADOGE is a deflationary cryptocurrency whereby users can battle to climb up the leaderboard by gaining Dogepoints.
Users with the most Dogepoints at the end of each month will be able to claim their winnings from the monthly Dogepool. Your Tamadoge will grow with you, becoming stronger over time, but make sure you look after them. If you leave your Tamadoge for too long then they’ll end up as a Tamaghost.
How does the Tamadoge store work?
Whenever you make a purchase in the Tamadoge store, from buying your newest Tamadoge pet through to buying food and toys or even just a cool new hat, you’ll always be paying with Tamadoge token.
The token that you use to make the purchase will be split between three different pools, which are designed to provide upwards price pressure for the token, allowing the TAMA team to keep developing the platform and provide a source of tokens for the P2E elements of the game.
5% of the tokens spent will be burnt completely, meaning that for every 100 tokens spent, 5 will be removed, consistently reducing the supply of tokens. 30% of the tokens spent will be used for marketing and platform development, allowing us to grow the Tamadoge following and produce an even better platform.
Finally, 65% of all tokens spent will be added to the P2E prize pool. This is used to pay out rewards from the Tamadoge leaderboard, directly to the community.
What’s on the roadmap?
There are a lot of things planned for the Tamadoge token, and so we thought it would be helpful to show the roadmap for the Tamadoge project.
TAMAnomics
‘Meme coin’ sensation Tamadoge has just announced that its presale allocation has sold out – way ahead of the September 2nd deadline.
Tamadoge’s team has raised $2 million worth of USDT in a matter of weeks and will now be moving onto the presale phase, which will see the token’s price increase by 25%.
Investors who acquired TAMA tokens through the presale are likely thrilled with this news as Tamadoge gears up for CEX listings later in the year.
>>Buy Tamadoge on Presale Now<<<
Will Bitcoin Manage To Recover?
Bitcoin (BTC) has gained 36% in two months, offering relief to the battered bulls. However, according to Crypto Twitter, the recovery has suddenly drawn the shape of a bearish pattern on price charts and could be short-lived.
“BTC is consolidating within a rising wedge, which is a bearish pattern,” Milan Vojtek, a technical analysis enthusiast, tweeted, echoing the views of his Twitter compatriots.
A rising wedge represents a bounce contained between two converging trendlines connecting higher lows and higher highs. The converging nature of trendlines indicates volatility is contracting as prices rise, a sign of recovery losing steam – and that tension is building, with sellers contesting the move higher.
And yet, the coin still remains on top, and BTC investors enjoy high profits. However, the crypto industry is rapidly changing, and some crypto enthusiasts are starting to doubt whether Bitcoin is still worth investing in.
In the last couple of days, Bitcoin has dropped from $25k to $21,5k on the day of writing this article. The trend seems to be decreasing and we can’t possibly know when it’s going to go up.
On the other hand, BTC went down a few times in the past and it went back up again. So, the real BTC enthusiasts know that the real value of some stock or crypto isn’t only its price but the idea and the potential that comes from it.
If you believe in this project and money decentralization, then we suggest you think again about buying the dip.
>>Buy The Best Meme Coins Now<<<
TAMA PRESALE
‘Meme coin’ sensation Tamadoge has just announced that its Beta sale allocation has sold out – way ahead of the September 2nd deadline.
Tamadoge’s team has raised $2 million worth of USDT in a matter of weeks and will now be moving onto the presale phase, which will see the token’s price increase by 25%.
Investors who acquired TAMA tokens through the Beta sale are likely thrilled with this news as Tamadoge gears up for CEX listings later in the year.
TAMA VS BTC
Even though we think that Bitcoin is here to stay and you better prepare to buy the dip, maybe you should also consider allocating your funds to different promising projects, such as Tamadoge in order to diversify your portfolio and reduce the risks.
It’s interesting, engaging, and easy to use, and to earn. Given it’s a new coin, its price predictions are already going somewhere around $1 with promising long-term predictions.
You should jump on this bullet train and buy it while the price is still low because you might catch yourself being a new millionaire in a year or two.
How To Buy Tamadoge
Here are the easiest steps to buy yourself a TAMA:
STEP 1
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the
wallets supported by Wallet Connect (we recommend Trust Wallet).
Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend Metamask.
If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
STEP 2
Once you have your preferred wallet provider ready, click “Connect Wallet” and select the
appropriate option. For mobile wallet apps you will need to select “Wallet Connect”.
You will then have three options
- Buy ETH With Card. This option will allow you to purchase ETH that will be sent to your wallet by our partner, Transak. You will then be able to use this ETH to purchase TAMA. Click “Buy Eth With Card” to begin and follow the on screen steps. We recommend purchasing a minimum of $15 worth of ETH to cover the minimum TAMA purchase.
- Buy TAMA With ETH.Once you have sufficient ETH in your wallet (if you do not have ETH or USDT, please select option 1 to purchase ETH first), you can now swap your ETH for TAMA. Type in the amount of TAMA you wish to purchase (1,000 minimum) 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 ensure you have at least $15 of USDT in your wallet before ommencing the transaction. Type in the amount of TAMA you wish to purchase (1,000 minimum). 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. Please ensure you go through both approval steps in order to complete the transaction.
STEP 3
Once the presale has concluded, you will be able to claim your TAMA tokens. We will release
details closer to the time, however you will need to visit the main site https://tamadoge.io and
click on the gold “Claim” button.
Tamadoge Contract
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
>>Buy Tamadoge On Pre-Sale Now<<<
Final Thoughts
It’s getting really exciting to see what’s going to happen to Bitcoin. With the use case it offers, it would be a shame to see if it goes down. We personally think it’s here to stay and you should get a piece of it for yourselves.
As we mentioned, diversification is the key so you should consider investing in different coins, alongside the BTC, such as Tamadoge.
Of course, never spend what you can’t live without and do your own thinking before that.
The post Will Bitcoin Price Reach $30K in August? Maybe Time To Buy TAMA Along With Bitcoin appeared first on .
One of the first cryptocurrencies has taken a serious kick in the last few months, along with the other stable coins. With the emergence of new coins that can be used as digital money, for how long is Bitcoin (BTC) going to stay the number one digital currency and will it make a kickass comeback in the market?
Time will tell. But nonetheless, it wouldn’t be bad to buy the deep, cause, who knows, this is not the first time people have doubted Bitcoin and it surprised everyone.
If you’re preparing to buy the dip, maybe you should also consider allocating your funds to different promising projects, such as Tamadoge in order to diversify your portfolio and reduce the risks.
When talking about Tamadoge, they’ve just finished their Beta Sale and are shifting to presale. Everybody’s expecting so much from this amazing meme coin, but more about it further in the article.
>>>Buy Tamadoge on Presale Now<<<
What’s up with Bitcoin?
Bitcoin managed to stave off major volatility over the weekend, but still saw a new low for August as low-volume weekend trading conditions accentuated market moves.
After the sudden drawdown on Aug. 19, BTC/USD spent subsequent days eking out a low in an overall consolidation pattern, this continuing at the time of writing. The low came in the form of a trip to $20,770 on Bitstamp, with Bitcoin then adding $1,000 before returning to trade approximately in the middle of the two values.
The weekly close at $21,500 was troublesome, marking the lowest since the week of July 18 after last week’s candle cost bulls almost $3,000 or 11.6%.
With the fear of a new low palpable among commentators, others argued that conditions were not unequivocally pointing to further misery. BTC/USD may cap any dip at the CME futures close from Aug. 19, this lying at around $21,200. More difficult for the majority of the market, he implied, would be gained, given the overall bias for downside to entering.
Still not inclined, we’ll be seeing new lows. The overall period of accumulation and heavy correction on Friday causes panic. Pain is on the upside.
Zooming out, however, Brian Beamish, founder of education suite The Rational Trader, left social media with no illusions over how the rest of 2022 should shape up for Bitcoin. “Next 12-19 wks are gonna be ugly,” part of a tweet read.
“Once done, the floor for this cycle ought to be in – then we shall start it all over again.”
Beamish drew on the experience of two prior crypto bear markets, with a comparative price action chart suggesting that the real macro low was far from in for BTC/USD.
Equally confident in recovery over a longer period, however, was analyst Matthew Hyland, who argued that traders should not lose faith. “The Bitcoin structure over the coming weeks/months shouldn’t scare you. Either a higher low, double bottom, or cycle low will be formed,” he summarized. “The end is near.”
Hash ribbons show miners out of the capitulation phase
One group of Bitcoin network participants for which an end to hard times seems demonstrably near is miners. Despite the latest price drop, on-chain data now shows that Bitcoin miners en masse have exited a “capitulation” period lasting over two months.
According to the hash ribbons metric, which uses two moving averages of hash rate to determine miner participation trends, a rebound is now taking shape. The move has been long anticipated. Earlier in August, mining firm Blockware forecasted the hash ribbons capitulation phase to end either this month or next.
The latest shift was noted by Charles Edwards, CEO of asset manager Capriole, who compared this year’s capitulation with others in Bitcoin’s history. “The Bitcoin miner capitulation has officially ended today, making it the 3rd longest capitulation in history at 71 days,” he wrote in a Twitter thread: “This capitulation zone was longer than 2021, and just two days shorter than 2018’s where price touched $3.1K.”
A look at hash rate estimates from monitoring resource MiningPoolStats shows that an uptick above 200 exahashes per second (EH/s) likely began in recent days.
“Historically, Bitcoin’s miner capitulations have captured major price lows and been great buy-signals,” Edwards continued, echoing the classic Bitcoin market mantra, “price follows hash rate:”
“Miner capitulations that occur late cycle (at least 2 years after halving) and after cycle tops have been the most profitable long-term signals (eg. 2012, 2015, 2018).”
Bitcoin (BTC) Price Dropping Down While Tamadoge Is Building Its Way Up
Is there anything new to say about this cryptocurrency at this point? Even people who have zero interest in the industry have heard its name.
As the number one cryptocurrency, it enjoys unimaginably high prices (up to $60K), a lot of attention, and, of course, much scrutiny.
Bitcoin, alongside the rest of the crypto market, is known for its ability to overcome any challenges and have strong comebacks despite everyone writing it off. Various financial experts have been predicting that the Bitcoin bubble will pop “in the near future” every month without fail for the past eight or so years.
On the other hand, have you heard of TAMADOGE? If you haven’t, now’s the right time to give your full attention to the rest of this article.
Tamadoge is the currency at the center of the Tamaverse, allowing you to create, breed, care for, and battle your TAMADOGE pets. This is a meme coin with utility. Launched in July 2022, TAMADOGE is a deflationary cryptocurrency whereby users can battle to climb up the leaderboard by gaining Dogepoints.
Users with the most Dogepoints at the end of each month will be able to claim their winnings from the monthly Dogepool. Your Tamadoge will grow with you, becoming stronger over time, but make sure you look after them. If you leave your Tamadoge for too long then they’ll end up as a Tamaghost.
How does the Tamadoge store work?
Whenever you make a purchase in the Tamadoge store, from buying your newest Tamadoge pet through to buying food and toys or even just a cool new hat, you’ll always be paying with Tamadoge token.
The token that you use to make the purchase will be split between three different pools, which are designed to provide upwards price pressure for the token, allowing the TAMA team to keep developing the platform and provide a source of tokens for the P2E elements of the game.
5% of the tokens spent will be burnt completely, meaning that for every 100 tokens spent, 5 will be removed, consistently reducing the supply of tokens. 30% of the tokens spent will be used for marketing and platform development, allowing us to grow the Tamadoge following and produce an even better platform.
Finally, 65% of all tokens spent will be added to the P2E prize pool. This is used to pay out rewards from the Tamadoge leaderboard, directly to the community.
What’s on the roadmap?
There are a lot of things planned for the Tamadoge token, and so we thought it would be helpful to show the roadmap for the Tamadoge project.
TAMAnomics
‘Meme coin’ sensation Tamadoge has just announced that its presale allocation has sold out – way ahead of the September 2nd deadline.
Tamadoge’s team has raised $2 million worth of USDT in a matter of weeks and will now be moving onto the presale phase, which will see the token’s price increase by 25%.
Investors who acquired TAMA tokens through the presale are likely thrilled with this news as Tamadoge gears up for CEX listings later in the year.
>>Buy Tamadoge on Presale Now<<<
Will Bitcoin Manage To Recover?
Bitcoin (BTC) has gained 36% in two months, offering relief to the battered bulls. However, according to Crypto Twitter, the recovery has suddenly drawn the shape of a bearish pattern on price charts and could be short-lived.
“BTC is consolidating within a rising wedge, which is a bearish pattern,” Milan Vojtek, a technical analysis enthusiast, tweeted, echoing the views of his Twitter compatriots.
A rising wedge represents a bounce contained between two converging trendlines connecting higher lows and higher highs. The converging nature of trendlines indicates volatility is contracting as prices rise, a sign of recovery losing steam – and that tension is building, with sellers contesting the move higher.
And yet, the coin still remains on top, and BTC investors enjoy high profits. However, the crypto industry is rapidly changing, and some crypto enthusiasts are starting to doubt whether Bitcoin is still worth investing in.
In the last couple of days, Bitcoin has dropped from $25k to $21,5k on the day of writing this article. The trend seems to be decreasing and we can’t possibly know when it’s going to go up.
On the other hand, BTC went down a few times in the past and it went back up again. So, the real BTC enthusiasts know that the real value of some stock or crypto isn’t only its price but the idea and the potential that comes from it.
If you believe in this project and money decentralization, then we suggest you think again about buying the dip.
>>Buy The Best Meme Coins Now<<<
TAMA PRESALE
‘Meme coin’ sensation Tamadoge has just announced that its Beta sale allocation has sold out – way ahead of the September 2nd deadline.
Tamadoge’s team has raised $2 million worth of USDT in a matter of weeks and will now be moving onto the presale phase, which will see the token’s price increase by 25%.
Investors who acquired TAMA tokens through the Beta sale are likely thrilled with this news as Tamadoge gears up for CEX listings later in the year.
TAMA VS BTC
Even though we think that Bitcoin is here to stay and you better prepare to buy the dip, maybe you should also consider allocating your funds to different promising projects, such as Tamadoge in order to diversify your portfolio and reduce the risks.
It’s interesting, engaging, and easy to use, and to earn. Given it’s a new coin, its price predictions are already going somewhere around $1 with promising long-term predictions.
You should jump on this bullet train and buy it while the price is still low because you might catch yourself being a new millionaire in a year or two.
How To Buy Tamadoge
Here are the easiest steps to buy yourself a TAMA:
STEP 1
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the
wallets supported by Wallet Connect (we recommend Trust Wallet).
Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend Metamask.
If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
STEP 2
Once you have your preferred wallet provider ready, click “Connect Wallet” and select the
appropriate option. For mobile wallet apps you will need to select “Wallet Connect”.
You will then have three options
- Buy ETH With Card. This option will allow you to purchase ETH that will be sent to your wallet by our partner, Transak. You will then be able to use this ETH to purchase TAMA. Click “Buy Eth With Card” to begin and follow the on screen steps. We recommend purchasing a minimum of $15 worth of ETH to cover the minimum TAMA purchase.
- Buy TAMA With ETH.Once you have sufficient ETH in your wallet (if you do not have ETH or USDT, please select option 1 to purchase ETH first), you can now swap your ETH for TAMA. Type in the amount of TAMA you wish to purchase (1,000 minimum) 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 ensure you have at least $15 of USDT in your wallet before ommencing the transaction. Type in the amount of TAMA you wish to purchase (1,000 minimum). 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. Please ensure you go through both approval steps in order to complete the transaction.
STEP 3
Once the presale has concluded, you will be able to claim your TAMA tokens. We will release
details closer to the time, however you will need to visit the main site https://tamadoge.io and
click on the gold “Claim” button.
Tamadoge Contract
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
>>Buy Tamadoge On Pre-Sale Now<<<
Final Thoughts
It’s getting really exciting to see what’s going to happen to Bitcoin. With the use case it offers, it would be a shame to see if it goes down. We personally think it’s here to stay and you should get a piece of it for yourselves.
As we mentioned, diversification is the key so you should consider investing in different coins, alongside the BTC, such as Tamadoge.
Of course, never spend what you can’t live without and do your own thinking before that.
The post Will Bitcoin Price Reach $30K in August? Maybe Time To Buy TAMA Along With Bitcoin appeared first on .
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.