The cryptocurrency market has so far failed to extend its profits in August after a rise in July.
Indicators of an economic slowdown and an increase in geopolitical tensions between the US and China have also affected the market.
All top crypto tokens were trading down a few days ago.
Despite this, the decentralised finance (DeFi) token Saudi Shiba Inu (SAUDISHIB), which is available on the Binance Smart Chain (BSC), rose by more than 450 per cent and captured the attention of the crypto community.
But this had left everyone wondering if Saudi Shiba Inu was a wise investment and if the upward trend would continue.
Many different meme coins are available, each claiming to offer something unique, but far too often, the uniqueness is limited to the name and little else. There is little to no information about the Saudi Shiba Inu project.
Saudi Shiba Inu has promised NFT collecting and decentralised exchange for listing meme cash.
Additionally, it has no utility and charges transaction fees, both immediate caution signs. Saudi Shiba Inu is, thus, merely another vaporware meme money, according to analysts.
So, it's better to look into other meme coins, such as Tamadoge, instead of putting your hard-earned money into an unproven meme coin that delivers no utility or rewards.
What is Tamadoge?
It's an intriguing new meme coin available and has utility. Tamadoge, the native governance token for the in-game Metaverse 'Tamaverse', is a deflationary meme cryptocurrency.
The name cleverly combines doge fever and Tamagotchi, a well-known computer game from the 1990s. You can raise your own NFT Tamadoge Pet through the play-to-earn system known as Tamadoge.
If you choose, you can keep many Tamadoge pets, give
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