Tamadoge might be a better alternative to SOL as the new play-to-earn meme coin rises in price. TAMA as it is also known as an NFT, Metaverse, and crypto all wrapped into one.
Tamadoge Might Be A Better Alternative To SOL
SOL’s bullish streak is over and it has reached oversold territory, with Tamadoge meme currency described as a superior alternative to SOL.
Solana (SOL) falls as it loses support from an ascending channel, further undermining its bullish thesis.
The cryptocurrency market is in turmoil as Bitcoin lost support from a rising wedge formation.
SOL In Oversold Waters
SOL is down 3.27% on CoinMarketCap and is currently trading at $35.48 as of this writing.
Over the last two months, SOL has been viewed as extremely optimistic, with the potential to hit $50, but it is now singing a different tune.
Solana also loses a major support level at $39.5, mostly as a result of the general crypto drop, which drove Solana into a negative posture.
At this time, Solana must try to fuse at present prices and revisit the critical resistance level of $39.5.
If it fails in this zone, SOL may suffer additional degradation. The next essential support level for SOL has been identified as $32.4.
According to the technical analysis on a 4-hour timescale, SOL is in oversold territory and developing a green candle pattern.
High-risk traders may now go all-in and profit on the market’s anxiety and uncertainty by going long at present price levels.
Furthermore, the RSI for SOL confirms the oversold thesis and is presently moving into a crypto bear market or approaching a further slump, necessitating a search for better Solana alternatives.
Tamadoge Is An All In One
There are other significant challengers in the crypto realm that are considered to be superior than SOL, one of which being Tamadoge, a new meme on the block.
It’s revolutionary not only because it’s a meme coin, but also because it’s an immersive virtual reality and NFT that many enthusiasts and gamers may participate in.
The response to the TAMA presale has been phenomenal, with almost $5,620,496 raised in three weeks. The public auction is scheduled to begin in the fourth quarter of 2022.
Crypto presales, such as Tamadoge, are a cost-effective method to spend your surplus crypto, particularly during bear months.
While other cryptocurrencies are declining, presales might position traders to benefit by 10x to 100x.
Tamadoge is a new meme coin that includes an interactive metaverse as well as an NFT shop.
When Tamadoge is online, users will be able to purchase, sell, teach, and trade virtual pets that also function as NFTs.
TAMA tokens are appealing since they have no transaction tax and 65% of tokens spent monthly are redistributed to participants in the form of prizes.
Read the latest Altcoin news.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
