Finally, some good news for crypto investors is here. The impetus that the cryptocurrency market gained earlier this week when many cryptocurrencies tried to surge as investors waited for an “Uptober” moment is now ebbing away. The upswing has slowed down, as seen by Bitcoin’s loss of control above $20,000.
Some currencies are worth thinking about because they can hit new highs despite the market’s oncoming uncertainty. These currencies consist of XRP, TAMA, and IMPT.
Tamadoge (TAMA)
Currently, one of the newest cryptocurrencies to purchase is Tamadoge (TAMA). TAMA has completed one of the most lucrative presales, raising $19 million. TAMA was listed on various exchanges following the conclusion of the presale, including OKX, BitMart, LBank, MEXC Global, and the Uniswap decentralised exchange (DEX).
TAMA has been exhibiting extreme volatility over the past week, similar to the majority of new coins, as seen in the chart below. The cost of TAMA fluctuated during the week between $0.064 and $0.118. After a 37% fall in only 24 hours, TAMA was trading at $0.066386 at the time of writing.
TAMA’s market value is $71 million, and during the last trading day, it had a trading volume of $52.54 million. TAMA is presently the 318th-largest cryptocurrency by market capitalization.
The unique strategy used by the team behind Tamadoge is what gives the currency such a strong appeal. A meme coin is a tamadoge. Tamadoge, in contrast to other meme currencies, is jam-packed with useful features. The thriving play-to-earn market has also been explored by the meme coin.
On October 6, the first NFTs from the Tamadoge collection went on sale through OpenSea. During the listing, 100 very rare Tamadoge Pets were up for grabs. Pet owners may nurture, feed, train, and take care of non-fungible token (NFT) dogs before engaging in combat with other players. In TAMA, players that succeed and climb the leaderboard receive incentives.
TAMA will become deflationary due to the play-to-earn economy of the Tamaverse, with 5% of all pet store transactions being removed from circulation. Holders can buy food, treats, and toys for their pets at the pet store.
IMPT
Although IMPT is a young cryptocurrency, this hasn’t stopped it from being considered one of the coins that will go boom next. Cryptocurrency is one of the finest to invest in, even if it hasn’t yet received widespread community support due to its distinctive use case.
The IMPT project employs blockchain technology to solve the problem of carbon emissions. The initiative makes it easier to issue carbon credits while enabling users to create non-fungible tokens (NFTs).
Because it utilizes blockchain technology to cut down on greenhouse gas emissions, IMPT is a green coin. Due to its features, it is the perfect currency for environmentally aware investors to purchase. Given its potential, IMPT may experience a 50x increase in the upcoming months.
Compared to solar coins and power ledgers, IMPT is a superior investment. In comparison to the majority of proof-of-stake currencies, it is also more ecologically friendly. The Ethereum blockchain powers IMPT. With IMPT operating on this network, Ethereum’s energy usage has increased. After the merge, it decreased by 99%.
The pre-sale of the IMPT token is now open. The presale, which began on October 3rd and has already raised more than $1 million, is the most popular one currently taking place. The presale is now in its first round and has a hard ceiling of $10.8 million, or 600 million IMPT tokens.
Ripple (XRP)
The positive attitude that XRP had built up during the previous month seems to be fading. XRP’s value has been added to less than 2% during the last week, but it has lost 0.2% over the last 24 hours. XRP was currently trading at $0.492 at the time of writing.
The Relative Strength Index (RSI) of 55 indicates that there is still strong purchasing interest in XRP. If the buying support can hold for a while, XRP may break over the $0.50 barrier once more. However, XRP may decline further because of the weakening of the upswing in the larger market.
The continuing legal dispute between the business and the US Securities and Exchange Commission has an impact on XRP’s long-term prospects (SEC). When the SEC initially sued Ripple, the value of XRP plummeted, and it was even removed from several social trading sites for cryptocurrencies.
As soon as Ripple and the SEC submit for a summary judgment, the dispute may be over. If the SEC declares XRP to be a token, it may rise; if the judge decides it is a token, it may fall.
Your capital is at risk.
Dogecoin
On our list of the top cryptocurrencies to purchase right now, Dogecoin is the next asset. Dogecoin was introduced back in 2013, but it wasn’t until 2021 that it truly came to life, at least in terms of its price behavior.
The project was started as a joke to demonstrate how simple it was to sell crypto assets to the general public, but it is still one of the greatest meme currencies available. This ironic label persisted until the beginning of 2021 when Tesla CEO Elon Musk became interested in Dogecoin.
Simply put, Musk reaffirmed his support for Dogecoin in several tweets and public remarks. In addition, Tesla now accepts Dogecoin as a form of payment for a number of its goods and services.
Your capital is at risk.
Battle Infinity
The next project in our list of the top cryptocurrencies to buy is Battle Infinity. Battle Infinity is a Mumbai-based initiative that was established in Q2 2022 and is creating its own local “Multiverse.” The six items that will be present in the Battle Infinity metaverse realm are referred to by this phrase.
This includes staking pools, an NFT market, a decentralized exchange, and more. Battle Infinity’s P2E crypto games are the main thing it sells, though. The IBAT Premier League is at the fore of this.
Fantasy sports are the main emphasis of this P2E game. As a result, users may create a squad of athletes from sports like cricket or soccer and fight to earn tangible prizes. Based on how their squad performs in actual games, players will receive points and awards.
For instance, everyone who has a cricket player in their IBAT Premier League squad will succeed if they make a century in a real game. Players will produce IBAT tokens, which are unique to the Battle Infinity metaverse, as they earn and amass more points.
Bitcoin
With the greatest market value and presence, Bitcoin is the most popular crypto asset. In 2021, Bitcoin began a protracted bull run that came to an end in November when the digital currency topped $68,000. Many market experts dub Bitcoin as digital gold.
When you consider that when Bitcoin originally debuted in 2009, you could purchase it for just a few cents, this is extraordinary. In other words, Bitcoin saw increases in the millions of percentage points during slightly over 12 years of trade.
But now that Bitcoin has entered a bear market, it has brought down most of the industry with it. On the other hand, there is now a large discount available for individuals wishing to establish a Bitcoin position.
As of this writing, Bitcoin is still trading around its all-time high of $20,000, which it reached in late 2017. Therefore, this represents a discount of approximately 70% for investors compared to its most recent top of $68,000. Some researchers anticipate that by 2025, the price of BTC may once again reach the $65,000 level.
The fact that several platforms now provide yield services on the digital asset is another point to keep in mind about Bitcoin. This implies that investors can earn a passive income from their Bitcoin holdings as they wait through the downturn in the market.
This has yet to be determined in terms of the possible upside. Some Bitcoin supporters believe that there is no cap on the de facto digital asset’s value and have medium-term goals of $100,000 per token. Shortly, an increase of 240% would be necessary to reach the $68,000 level. According to our research, the eToro Money cryptocurrency app is the top choice for purchasing Bitcoin in 2022.
Your capital is at risk.
Conclusion
To enable investors to diversify properly, we have covered a range of projects. For instance, existing tokens mentioned today include the most energy-efficient cryptocurrencies, as well as Bitcoin, Ethereum, and Dogecoin.
By allowing users to accumulate IMPT tokens until they have the necessary number of their selected carbon credits, IMPT provides a solution to the biggest environmental problems the planet is now facing. Investors may continue their regular buying routines while also benefiting the environment as a result.
IMPT is one of the top ESG-friendly cryptos to buy right now for individuals wanting to join a reliable crypto ecosystem that enables both retail investors and corporations to offset their carbon impact.
Read More
Tamadoge – Play to Earn Meme Coin
- Earn TAMA in Battles With Doge Pets
- Maximum Supply of 2 Bn, Token Burn
- Now Listed on OKX, Bitmart, Uniswap
- Upcoming Listings on LBank, MEXC
