6. February 2023

• Dogecoin (DOGE) has been rallying in tandem with a broader move higher in crypto markets in the last few days.
• The meme coin is up around 15% from its lows just before the turn of the year and is back to the north of its 200-Day Moving Average.
• Tamadoge (TAMA), an up-and-coming dog meme-inspired token, has not been affected by the Dogecoin rally and continues to move to the downside.

The cryptocurrency markets are continuing to heat up, with Dogecoin (DOGE) among the coins leading the charge. The native token of the dog meme-inspired Dogecoin blockchain has been pumping in tandem with a broader move higher in cryptocurrency markets in the last few days. Traders are bidding up crypto prices in the hope that a weakening US economic outlook in the wake of last week’s soft US ISM surveys prevents the Fed from being too aggressive with rate hikes this year.

At current levels around $0.076, Dogecoin is over 15% higher versus the lows it hit just before the turn of the year around $0.066 and is back to the north of its 200-Day Moving Average. Some traders think that a break back above $0.08 and a push above the 100 and 50DMAs in the low-$0.08s per token is on the cards, which could open the door to a test of early December highs above $0.11. Dogecoin’s rally is being felt positively across most of the meme coin sector of cryptocurrency markets, with Shiba Inu also up around 10% in the last seven days.

However, Dogecoin’s latest pump has yet to lift Tamadoge (TAMA), an up-and-coming dog meme-inspired token that is set to provide much more utility to its owners than the likes of Dogecoin or Shiba Inu. TAMA continues to move to the downside according to a technical downtrend that has been in play since mid-October, with the 21DMA also having recently provided resistance.

The Tamadoge team has recently announced plans to launch a gaming platform which will enable users to play and earn rewards in the form of TAMA tokens. This platform is expected to be launched in mid-2022 and will give users the ability to play a variety of games that are based on the Tamadoge blockchain. The platform will reward users with TAMA tokens for their wins, enabling them to purchase items from the Tamadoge store, or even exchange them for other cryptocurrencies.

Tamadoge’s new gaming platform could be a major boon for the project, as it will provide users with a tangible use case for the token. This could help to drive up demand for the token and potentially propel it to new highs, as more people become aware of the project and its potential.

In conclusion, Dogecoin’s recent surge has been a boon for the entire meme coin sector, but it remains to be seen if Tamadoge will be able to capitalize on this momentum. The upcoming launch of its gaming platform in mid-2022 could be the spark that the project needs to gain further traction and become the next 100x crypto.