Why Is Dogecoin Going Up – Dog Cryptos TAMA, SHIB Also Pump

Last Updated on 55 mins by cryptoevent

In the weekly – which ends in 12 hours – DOGE is up 13.8% and up 7.1% over the past 24 hours. Is DOGE a good buy now or other meme cryptos?

Why is Dogecoin rising today?

In part, Bitcoin is taking the total crypto market cap to an intraday high of $25,000 in its recent rally today.

Ethereum also leads Bitcoin to $2,030, which is always a good sign for altcoins of all types, whether DeFi, NFT or meme coins (Cardano, Decentraland, Polygon are also doing well today or this week).

Shiba Inu is the biggest crypto gainer on Binance at the time of writing, the SHIB/USDT pair is up 22% today.

There haven’t been any particular fundamental developments or Dogecoin news lately, other than the Dogecoin Core 1.14.6 upgrade from three weeks ago – which didn’t exactly feel exhilarating at the time as it was just minor technical fixes like lowering the dust limit .

Dogecoin even fell out of the top 10 cryptos at the time of this update, being flipped by Polkadot at 10th place in market cap — which still keeps it just ahead of Dogecoin, up 8.8% over the past week.

So, a big part of Dogecoin’s rally is just the increase in total crypto market cap – total crypto market cap today trading view is $1.16 trillion.

Alternative pumping of dog cryptos

As previously mentioned, Shiba Inu – possibly due to the beta release of his Shiba Eternity game – is outperforming play-to-earn (P2E) crypto games, which are very popular with both gamers and crypto investors.

Tamadoge, which has now entered the later stages of its pre-sale and has raised $3.5 million in initial seed round funding, is also attracting significant investor interest and is selling its beta sale early.

This is another upcoming P2E game where players will fight with Doge-style virtual pets that can be minted as NFTs, combining the appeal of meme cryptocurrencies with non-fungible tokens and games.

Its native token TAMA, unlike Dogecoin, is also deflationary – the total supply of which has increased from 100 billion at the start of trading to almost 133 billion today.

Dogecoin price at the moment

Despite rallying this week to a Dogecoin price now at $0.078, DOGE is still 90% below its Binance all-time high of $0.74 – Dogecoin price has been struggling to hold its value with infinite supply and has been inflationary with little benefit.

Whether Dogecoin is rising today or other alts, some notable market commentators on our top crypto traders list are still macro-bearish and anticipate a retest of the 2022 lows for BTC, ETH, Dogecoin and most crypto assets at some point.

Meme Coin News

  • Dogecoin falls out of the top 10 cryptos
  • Dogecoin Competitor Presale Raises Over $3M
  • Where to buy Dogecoin
  • Dogecoin price prediction

Tamadoge (TAMA) – The next big meme coin

Our rating

  • Beta Sale Ends September 2022 – tamadoge.io
  • Deflationary, low supply – 2 billion
  • Go to Earn, Metaverse Integration on the roadmap
  • NFT Doge Pets – Potential for mass adoption
  • Play to Earn Utility – Rewards Tokens

learn more

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