Ethereum to Dethrone Bitcoin – Reality or Failed Attempt?

Ever since Bitcoin was launched in 2009 it has been the leading cryptocurrency on the market, with others standing practically no chance to overcome it.

One of its main advantages is the fact that it’s the first crypto ever created.

However, with more than a decade gone by, analysts believe that Bitcoin might not stay in the number one spot for much longer.

If there’s one crypto on the market that can dethrone Bitcoin due to its advanced network and cutting-edge features, it’s Ethereum.

What’s more, there are interesting things happening in the meme coin universe as well with Tamadoge threatening to bring down Dogecoin and Shiba Inu.

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Bitcoin Stagnates while Ethereum Continues Reaching Milestones

As of August 24^th, Bitcoin is still stagnating at the $21,500 mark and struggling to establish any kind of bullish momentum.

Many investors were waiting for Federal Reserve Chair Jerome Powell’s speech at the US central bank’s symposium in hope that it would cause a positive sentiment around the world’s leading cryptocurrency.

However, Powell didn’t focus on cryptos too much in his speech, which ultimately left the traders confused about whether Bitcoin’s price will rise in the following weeks.

Quick recap – Bitcoin started this week at a price of $21,509 and has been dancing around this mark for some time now.

On the other hand, Ethereum is continuing with its upward spiral over the past few days.

Ethereum’s price saw a 5% increase this week due to the official announcement that the long-awaited Merge will take place somewhere between the 10^th – 20^th of September.

Even though some analysts seem certain that this merge won’t bring huge returns immediately, it seems imminent that it will positively influence ETH’s long-term price.

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What Are Ethereum’s Advantages over Bitcoin?

For as long as we can remember, Ethereum has always been Bitcoin’s runner-up in terms of the largest crypto based on market cap.

However, with Bitcoin struggling to establish any new bullish trends, Ethereum now has a better chance than ever to dethrone the leading currency.

This week, Ethereum reached a new two-month high and outperformed BTC in almost every aspect. One of the main causes for this was the final test on ETH’s upgrade.

Ethereum 2.0, the upgrade that will transform the network from a PoW (proof-of-work) model to a PoS (proof-of-stake) is set to be released by mid-September.

As a reminder, proof-of-stake model is used for transaction validation through randomly chosen verifiers.

This is the opposite of the PoW model that incorporates a specific validation technique to confirm transactions (Bitcoin still uses this model).

By transferring to the PoS model, Ethereum will gain an advantage over Bitcoin since this system is much more effective, affordable, and faster compared to the PoW.

Additionally, Ethereum is also the largest smart contract platform in the world and it has the most DApps developed on its network in the crypto industry.

Lastly, investors are coming to appreciate the fact that the information of who is behind Ethereum is completely transparent (Vitalik Buterin and Gavin Wood), while Bitcoin’s founder is still unknown.

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Tamadoge Might be the Next Leader of the Meme Coin Universe

Ethereum isn’t the only crypto that’s ‘out for blood’ these days – Tamadoge is looking to take over the meme coin universe.

For weeks now, Tamadoge has been reaching new milestones, with its presale attracting a hefty amount of new investors each day. It’s also been considered one of the best crypto to buy on Reddit.

Due to its incredible tokenomics and real-world utility, it’s not a far stretch to say that it could dethrone Dogecoin and Shiba Inu as the meme coin leader in the next few months.

In short, Tamadoge is a doge-inspired meme coin that comes with utility and combines Metaverse, P2E, and NFT technology.

TAMA is the platform’s native governance token and it’s the main currency for transactions, staking, and in-game reward distribution.

Each Tamadoge NFT is a unique baby pet that players take care of and prepare for battle. Those who win the most battles with their pets are rewarded with Dogepoints and win generous prizes.

Since Tamadoge is KYC’d by CoinSniper and audited for smart contracts by SolidProof, investors don’t have to worry about any “rug pull” danger.

The platform’s beta sale ended a few days ago with $2 million raised.

However, if you’re interested in becoming an early investor, you can still get TAMA tokens at the presale that will last until September.

The presale will only last for a couple of more days and analysts believe that the price of TAMA tokens will never be this low again, so better hurry up!

Plus, if you buy TAMA tokens in time, you’ll be able to participate in the $100,000 crypto giveaway that will take place on the day of the main prize draw.

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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