Bitcoin: What To Expect From Your BTC In Next Few Weeks?
The post Bitcoin: What To Expect From Your BTC In Next Few Weeks? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The Bitcoin price drop reached double digits last month. To be precise, it was 14%, which resulted in a value below $20,000. The price of Bitcoin at the moment of writing is $18,765.52, and there has been a price drop of 5.19% in the last 24 hours.
The daily chart doesn’t look so good either. The Relative Strength Index (RSI) for Bitcoin dropped below 40, which reflects the price decline of Bitcoin lately. Also, the position of MACD (Moving average convergence divergence) shows that the bear cycle is showing its full potential.
Tough time for Bitcoin
A deep insight into the key on-chain metrics shows that the price of Bitcoin will still be under the influence of the bearish cycle in the following weeks.
According to Minkyu Woo, a technical analyst in CryptoQuant, a bull run that might make a difference for Bitcoin is not close, from what he could see by looking at the BTC fund market premium. He stated that Bitcoin declined at a steady pace from April 2021, when it reached $65,000.
The reserve of the Bitcoin exchange is on the rise, which signals caution. The last increment like this was noticed earlier this year, in July, and that was followed by hitting the price of $25,000. However, prior to this, the increment of the Bitcoin exchange reserve led to the price decline, which only indicates that we can expect high volatility in the following weeks.
The high volatility is exactly the reason why so many investors decide to invest in other coins until the situation with Bitcoin settles. One coin that has all the eyes glued to it is definitely Tamadoge (TAMA).
Why are investors interested in TAMA?
Tamadoge is a play-to-earn platform where the players will get a chance to buy a pet and take care of it until it is ready to fight other pets. The fight will bring the owners Dogepoints that will help them climb up the leaderboard. If the owners don’t take the best care of their pets, they can become Tamaghosts. The concept is pretty simple and interesting.
However, that is not all. The reason why TAMA tokens are selling at blazing speed these days is the fact that even though the presale started on July 25th, Tamadoge raised more than 12,2 million dollars! The presale occurs in stages, and the beginning of every stage also brings the price increase, which early investors will benefit from greatly.
It is expected that the price of TAMA tokens will explode once they hit the exchanges, which is why the investors rush to secure their portion of TAMA tokens. Currently, investors can get 40 TAMA for 1USDT. During the next phase, the investors will be able to get 36.36 TAMA for the same amount. Since the entire roadmap is transparent and clear, it makes it easier for investors to jump in and invest. Besides, it is fully checked with CoinSniper and Solid Proof, helping the investors to be at ease.
TAMA is a deflationary token, which means that even though there is a total of 2 billion tokens supply and the fact that there is half of these tokens available during the presale, eventually, 5% will get burned. This means that the supply will decrease, the demand will increase as a consequence, and that will result in a price spike. All of this gives the confidence to the investors that investing in TAMA is a wise choice.
How to buy TAMA?
Buying TAMA during the presale truly is a wise choice when looking at its position on the market and its enormous potential. If you want to join numerous investors that have already bought TAMA tokens, here are the steps to do it:
Step 1 – Set Up a Crypto Wallet
Those looking to buy Tamadoge crypto must first set up a crypto wallet. Many of the best crypto wallets are free and easy to use, although we recommend using MetaMask, due to its multi-chain support.
Head to the MetaMask website, click ‘Download’, and follow the on-screen instructions to set up the wallet.
Step 2 – Purchase ETH or USDT
Tamadoge (TAMA) tokens can be purchased using either ETH or USDT. It’s easy to buy Ethereum or USDT using a respected crypto exchange or broker, although you can also buy ETH through the Tamadoge presale platform using a credit or debit card.
Once you have purchased ETH or USDT, make sure to transfer your holdings into your new crypto wallet.
Step 3 – Link Wallet to Tamadoge Presale Platform
Head over to Tamadoge’s website and click ‘Buy’. On the following page, click ‘Connect Wallet’, choose your wallet provider, and follow the instructions to make the link.
Step 4 – Buy Tamadoge
Enter the amount of Tamadoge tokens you’d like to purchase (minimum 10,000) and click ‘Convert ETH’ or ‘Convert USDT’, depending on which currency you hold. A pop-up will then appear, asking you to confirm the transaction.
Step 5 – Claim Tamadoge Tokens
The final step is to claim your TAMA coins. You can do this once the presale has concluded by clicking ‘Claim’ on the Tamadoge website’s homepage.
Following these steps will be a piece of cake, and you will have your TAMA tokens in your wallet in no time.
Conclusion
Bitcoin has been through some pretty hard times. With the price dips that we now see and spikes that are long behind us, it is not easy to pull the plunge and still have faith that Bitcoin will rise up again like a phoenix. Even though it is not impossible, it is not likely that it will happen soon. This is why it is necessary to take a look at the market and find a rising star to invest in. Tamadoge (TAMA) certainly is shining bright and taking all the attention to itself, making it a perfect choice for investing until Bitcoin manages to reach some sort of stability.
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