Terra Classic Down 7% – Should Investors Sell and Buy TAMA?

With a 140% price surge in the last 30 days, many analysts suggest that Terra Classic is rising from the ashes and is on the way to regaining its old glory.

However, in the last 24 hours, the market hasn’t been so kind to this crypto asset, which led to a 7% price decrease and caught many investors wondering whether it’s time to sell.

And, if so, which crypto is currently showing the most potential?

According to numerous sources, it could be the newly-released Tamadoge that just ended its presale and is looking to revolutionize the meme coin industry.

Buy Tamadoge Now

Terra Classic – Sell or HODL?

Before the black swan event that took place on May 12th, the ATH of Terra (LUNA) stood at around $119 in April 2022.

However, the new Terra Classic (LUNC) is nowhere near that number, with the all-time high price standing slightly above $0.0003.

What’s more, the tokenomics have changed drastically seeing that the total token supply for LUNC is 6.5 trillion (opposed to the 350 million before the May crash).

Leading crypto price analysis platforms like CoinMarketCap and CoinGecko are stating that there is a swing failure pattern (SFP) currently with LUNC. This is due to the inability to secure a timeframe candle above $0.00029.

This could be a good enough reason for investors to sell their Terra Classic tokens, even in the midst of a potential bullish momentum. If this pattern continues, we might even see Terra Classic fall under the $0.0002 mark.

CoinMarketCap explains that “The Swing Failure Pattern is a liquidity engineering pattern, generally used to fill large orders. This means, the SFP generally occurs when larger players push the price into liquidity pockets with the sole objective of filling their own positions.”

Buy Tamadoge Now

Terra Classic (LUNC) Price Prediction

For investors that are currently shorting Terra Classic, the optimal price target is between $0.00015 and $0.00016.

Even though the 1.2% burning strategy is showing good results so far, it doesn’t seem likely that LUNC will garnish much support in the next couple of months.

As we said, the price is almost 140% up in the last 30 days, but due to the controversy surrounding the token, there’s not much positive sentiment alongside it.

Those traders that were lucky to get in early on LUNC (when it was priced at $0.0001) have seen a 300% pump and are the ones contemplating selling the most.

Or, at least transferring the profits into another project until the 1.2% burning strategy yields more results.

When Bitcoin showed swing failure pattern signs in April, it ultimately led to a downward spiral that would continue to this day.

While LUNC’s SFP does have a slightly lower timeframe, it’s still best to be careful approaching the asset.

At the time of writing, Terra Classic’s market cap stands at $1.6 billion, which also suggests a deceptively high FDV (Fully Diluted Value).

In the best-case scenario, Terra Classic will show signs of improvement in the next couple of weeks and end 2022 with a price above $0.0003.

However, it’s much more likely that the current price will stagnate around the $0.0002 mark for the foreseeable future.

Buy Tamadoge Now

Tamadoge Could be a Better Investment

While analysts continue giving mixed signals about the future of Terra Classic, there is one project that seems to be bound for success – Tamadoge.

Tamadoge is a crypto asset that utilizes P2E, Metaverse, and NFT technology and it’s looking to revolutionize the meme coin industry with its real-world utility.

The combination of all these elements makes Tamadoge superior to the leading meme coins like Dogecoin and Shiba Inu in terms of tokenomics and features.

In fact, experts suggest that Tamadoge even has a chance of dethroning them in 2023.

For all platform transactions, trading, staking, and reward distribution, Tamadoge uses TAMA coins, which also serve as the project’s native governance token.

The gameplay of Tamadoge is very similar to the 90s game Tamagochi – players take care of their pets and train them for battle. All Tama pets are also unique NFTs that can be traded and upgraded.

At the end of each month, those who are on top of the leaderboard win the main prizes from the game’s Dogepool.

Tamadoge was verified by both CoinSniper (KYC) and SolidProof (smart contracts), so there’s no “rug pull” danger that investors have to worry about.

Almost two weeks ago, the beta sale for TAMA tokens ended with $11 million being raised in funding, while the official presale ended on September 1st.

But don’t worry – you can still get TAMA tokens for a lower price and count the profits by the end of 2023.

With analysts predicting 50x-100x increases towards the end of the year, Tamadoge is a token worth having in your crypto portfolio.

Buy Tamadoge Now

How to Buy Tamadoge                             

Here is the exact guide you can follow for your first TAMA token purchase.

STEP 1

To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet).

Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend MetaMask.

If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).

STEP 2

Once you have your preferred wallet provider ready, click “Connect Wallet” and select the appropriate option. For mobile wallet apps you will need to select “Wallet Connect”.

You will then have three options: Buy ETH With Card. This option will allow you to purchase ETH that will be sent to your wallet by our partner, Transak.

You will then be able to use this ETH to purchase TAMA. Click “Buy Eth With Card” to begin and follow the on screen steps. We recommend purchasing a minimum of $15 worth of ETH to cover the minimum TAMA purchase. Buy TAMA With ETH.

Once you have sufficient ETH in your wallet (if you do not have ETH or USDT, please select option 1 to purchase ETH first), you can now swap your ETH for TAMA. Type in the amount of TAMA you wish to purchase (1,000 minimum) and then click “Convert Eth”.

Your wallet provider will ask you to confirm the transaction and will also show you the cost of gas. Buy TAMA with USDT. Please ensure you have at least $15 of USDT in your wallet before commencing the transaction.

Type in the amount of TAMA you wish to purchase (1,000 minimum). Click “Convert USDT”. You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. Please ensure you go through both approval steps in order to complete the transaction.

STEP 3

Once the presale has concluded, you will be able to claim your TAMA tokens. We will release details closer to the time, however you will need to visit the main site https://tamadoge.io and click on the gold “Claim” button.

Tamadoge Contract

Use the contract information below to add the TAMA token to your wallet.

Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8

Decimals: 18

Token symbol: TAMA

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