The crypto market has experienced one of the worst bear runs in its history. Investors have endured heavy losses, but some respite may be on the way for those paying attention to play-to-earn (P2E) cryptocurrencies like the newly launched Tamadoge.
The reversal began after a record high of nearly $3 trillion last November, which saw investors exit riskier assets. Unfortunately, bullish reversal is still not easy amid questions of whether the bottom is finally covered.
As a result, investors are forced to look for alternative ways to earn long-term profits beyond buying Bitcoin (BTC).
Some of the best Play-to-Earn NFT-powered cryptos to consider this August are Tamadoge (TAMA), Decentraland (MANA), The Sandbox (SAND), STEPN (GMT), and Axie Infinity (AXS).
1. Tamadoge: The meme coin to watch out for in 2022
Tamadoge is a revolutionary meme coin that integrates NFTs into P2E games to create value. The token launched in July 2022, but the pre-sale is extremely hot.
The beta sale sold out ahead of schedule, selling 200 million TAMA tokens for $2 million in just over two weeks.
An additional 100 million tokens are now being sold, but at a higher price of 1 USDT 80 TAMA. After that batch is sold, another 100 million will be sold, increasing the price to 1 USDT, buying 66.7 TAMA.
A total of 50% of the total supply of 2 million is available to investors in the pre-sale.
Our analysis shows that buying Tamadog can match and even beat the returns of other meme coins like Dogecoin, Shiba Inu, Floki Inu and Dogelon Mars. Hence the need to book in the pre-sale before prices rocket.
Tamadoge Play-to-Earn and Meme shake coins
The dynamic of the meme coin and P2E sectors is about to change dramatically with the introduction of Tamadogge – an exciting game that has the power to captivate non-crypto enthusiasts and gamers alike. The centerpiece of the project is the Tamadoge pets, aka NFTs. Keeping Tamadoge pets will be fun as users can feed, play and fight in monthly tournaments to generate income.
Later, the team will launch Tamaverse, where people can see and interact with partner Metaverse projects. In this virtual world, Tamadoge pets exist as rigged 3D models, allowing for seamless integration into other distorted environments.
Of the 1 billion tokens not in the pre-sale, 400 million are set to prepare for exchange listings, while 600 million will be set up for development financing over the next 10 years.
By the end of this year, the roadmap says the Tamadoge Petstore will be in use, with a battle leaderboard and a P2E leaderboard. Also, Q4 2022 will see the first CEX listings – the LBank exchange has already been confirmed.
2. Decentraland expanded its horizons with gaming and Metaverse facilities
Decentraland (MANA) has been at the forefront of decentralized and P2E games since its inception three years ago. It is a virtual reality platform that runs on the Ethereum blockchain. Users in the Decentraland ecosystem can develop, test and monetize applications.
The platform is one of the best user-managed protocols, incorporating all the features of a Decentralized Autonomous Organization (DAO). Decentraland’s road to fame was seen last year and earlier in 2022.
NFTs are currently at the core of the project – allowing creators to configure a virtual decentralized land and in-game items. The platform’s success saw the introduction of a standalone marketplace powered by its own native token, Mana.
Players earn money by building virtual assets, selling in-game items, and engaging in other activities such as advertising. Led by the Decentraland ecosystem, it’s a metaverse that allows you to interact with other players and build valuable relationships.
Decentraland is the largest player in Play-to-Earn with a market cap of $1.9 billion.
Decentraland is the largest game-to-earn token boasting a market capitalization of $1.9 billion – MANA has a total supply of 2,193,573,527 tokens, but only 1,810,761,525 tokens are currently in circulation.
According to real-time data from CoinGecko, the price of Decentraland has changed little in the last 24 hours. A glance at the daily chart shows that MANA can be reversed from the rally that closed the day above its immediate resistance at $1.12.
The technical view reinforces buy signals from the moving average converging divergence (MACD) and the super trend indicator.
Decentraland is a highly valued P2E crypto that has the potential to continue its dominance, given its utility and sloppy technical outlook.
Although the price of manna is down 81.8% from $5.85 in November 2021, it could recover to make another all-time high.
Your capital is at risk.
3. Axie Infinity is on the quest to find the first place in the game
For a long time, Axie Infinity (AXS) has been the leader in the P2E segment in 2021. Its popularity has spread like wildfire, boosted by NFT gaming features. The platform’s complex gaming ecosystem features varying levels of NFT rarity and utility.
Two utility tokens power the Axie Infinity blockchain; In-game currency Sweet Love Room (SLP) and Management Token (AXS).
Axie Infinity’s stay at the top of the game-to-find world was short-lived. Problems arose as the platform spread its wings – runaway growth taking center stage. Axie Infinity tokenomics has come under increasing criticism – the oversupply of SLP tokens has led to huge losses. It became a challenge for new players to buy NFTs and join the game.
Axie Infinity price has not survived the ax since marking an all-time high of $164.90 in November. Since then, AXS is down 88.7% to trade at approximately $18.66. Despite the decline, Axie Infinity is trading more than 150x from its low of $0.1237.
The Axie Infinity team is doing their part to make the platform competitive. It recently started Season 3 of Homecoming.
This level comes with various important gameplay and economic updates. Considering this growth, Axie Infinity has the potential to create long-term value.
4. The Sandbox: From Legacy Game to Blockchain Giant.
Sandbox is a community-driven virtual world that allows players to build and monetize their unique gaming experiences and assets. On the Sandbox platform, players can access custom-made tools to build immersive experiences.
Users use the main utility token SAND to participate in managing the platform through the DAO. Players have the freedom to create NFTs and sell them in the marketplace, with an efficient drag-and-drop process.
Sandbox is one of the largest metaverse projects in the crypto industry. According to Ledger Academy, this massive virtual world is estimated to be worth $1.5 billion. The Sandbox metaverse runs on the Ethereum and Polygon blockchains.
Players are currently participating in the Sandbox Alpha Season, where the platform will launch new P2E features. Live social events and new maps are some of the key features expected from the test drive.
The overall downward pressure in the market continues to negatively impact Sandbox. In the last 24 hours, the token has lost about 1.5% of its value to $1.32. In the year The bear run in 2022 resulted in significant losses for the SAND, with losses of up to 84.2% from the high of $8.40 in November.
On the bright side, these losses are not unique to The Sandbox, which means a recovery is imminent. SAND is one of the best P2E crypto projects with its revolutionary technologies and team’s eagerness to continuously innovate – a profitable long-term investment.
5. Level: Green Metaverse and P2E Token
STEPN became a gentle reminder to investors that exploring and investing in new crypto projects gives one a golden ticket to a relatively small amount of capital. Early adopters of the STEPN crypto project made over 31,000% gains as the token rose to $4.11 in April.
Unlike other P2E platforms, STEPN describes itself as a movement to get social-fit. The Web3 app is built on the Solana network, which is known for its high traffic.
Monetization is a relatively new concept and is similar to sourcing, but the technology differs in key elements such as GameFi, SocialFi and NFT. In addition to playing games, users are rewarded for leading healthy lifestyles.
STEPN is still relatively new in the industry, but has achieved tremendous success, reaching the top five of P2E projects. Like its peers, GMT has fallen sharply over the past few months to trade at $0.96 – 76.4% from a record high of $4.11. As the crypto market prepares to turn around, an investment portfolio with STEPN can do incredibly well in the long term.
Conclusion – Tamadoge has excellent ROI prospects
Crypto projects that play for revenue are gaining popularity in the industry. The final winner will be a project that values creativity.
Tamadoge is doing something different by building a coin that appeals to the casual gamer and crypto diehards alike, so this is one of the best meme coins to buy right now.
The Tamadogge pre-sale was scheduled to end on September 2, but it’s selling out fast, so you’ll need to be an early bird to beat the next price increase.
Tamadoge – Meme Play to earn coins
- Get TAMA in battles with Doge’s pets
- Sealed Supply of 2 Billion, Token Burn
- NFT based Metaverse game
- Presale live now – tamadoge.io