|Bitcoin Crash: Not only is September a bad month for Bitcoin historically, but the coin is also dealing with continued bad news with the economy.|
Bitcoin (BTC) had looked like it finally turned a corner over the weekend when its price started to rise above the $20,000 mark. Then, early Tuesday morning, it rose, even more, eclipsing $22,000 in what many investors were hoping was the return to a bull run.
Then, all of a sudden, following an unexpectedly poor report on inflation with the Consumer Price Index (CPI), Bitcoin came crashing down — and it doesn’t seem like there’s an end in sight. As of Wednesday, September 14, at 2:10 p.m. UTC, BTC had fallen to $20,271.30, a drop of 5.15% over just the last five days.
Those hoping for a quick turnaround are probably in for a rude awakening, based on a number of different factors. In addition to continued rising inflation, September is historically a poor month for BTC.
Bitcoin Crash: Bad News on Top of More Bad News
Experienced crypto investors were already a little leery of Bitcoin entering September, as it’s historically a terrible month for the most valuable crypto coin in the world. Its price dipped below the $20,000 mark in late August, in what was a likely sign that yet another bad September was on the horizon.
But, then, surprisingly, BTC rebounded and hit the $22,000 mark. That run might’ve been fueled by inexperienced investors who were thinking they could get in on Bitcoin when it was experiencing a low.
The problem was, that wasn’t a low mark for BTC. It’s likely just the beginning.
Not only is September a bad month for Bitcoin historically, but the coin is also dealing with continued bad news with the economy. The CPI report released earlier this week showed that inflation was much higher than what most analysts expected.
That sent prices of BTC on a downward spiral after the news was released early Tuesday. Now, it seems as if Bitcoin is on a path that will continue to go down. Those hoping for another bull run are likely to be quite disappointed.
Bitcoin appears to be in further trouble on account of the following
- The Ethereum Merge with its POS mechanism is clearly heading to become a dominant player
- Both the European and Chinese economies are likely to be dipping into further trouble
- US Bond Yields are surging increasing risks for the US economy
In this context, there is no doubt that newer and smaller market cap coins tend to deliver much better returns than high market cap domination cryptocurrencies like Bitcoin or Ethereum. For example, the newly launched (for pre-sale) Tamadoge has some unique characteristics that make it worthy of consideration.
Tamadoge is the Next Interesting Meme Coin
There are many meme coins on the market, but Tamadoge is truly different. Based on the extremely popular Tamagotchi toys of the 1990s, TAMA allows users to take their doges onto the metaverse (Tamaverse) to play with friends, and to train and breed.
The Tamaverse is where the truly unique aspects of the coin live. There, TAMA combines the NFT and Play-to-Earn (P2E) markets, which builds intrinsic, long-lasting value in Tamadoge. This helps the meme coin constantly build value over the long term, while also being able to stave off volatility that many other crypto markets such as Bitcoin cannot.
The idea caught on quite quickly, too, with the Beta sale performing extremely well before it closed. Now, the presale is going on, but there are less than 10% of TAMA tokens left. In other words, if you want to get in on the ground level of the next great meme coin that is Tamadoge, you better act fast.
In addition to building a fun and valuable environment, TAMA is also working toward eco-friendly sustainability, too. It’s pre-mined, which means it will take up significantly less energy and resources than other cryptocurrency does, an extremely important factor in today’s day and age.
The Tamadoge opportunity is here
There is less than 10% of TAMA tokens left in its presale. Tamadoge is also running a $100k giveaway (Click here for more info) right now, where one can win $100k worth of TAMA. To qualify, one needs to have $100 worth of TAMA in the wallet to qualify, and then earn entries in a number of different ways.
Tamadoge is taking the meme coin market by storm and is a smart buy.
How to Buy Tamadoge
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).
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 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. A minimum of $15 worth of ETH will have to be purchased 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.
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 and click on the gold “Claim” button.
Use the contract information below to add the TAMA token to your wallet.
Token symbol: TAMA
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.