This New Memecoin is Up 18% Today Beating Dogecoin and Shiba Inu – Time to Buy?

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Tamadoge (TAMA) has risen by 19% in the past 24 hours, reaching a price of $0.02779170. This also represents an 18.6% increase in the past week, as TAMA regains steadily from a correction after its post-listing surge.

Following its listing on OKX and other major exchanges, the price of TAMA rose to an all-time high of $0.194446 on October 4, equalling a rise of just over 700% in a week, as well as a rise of more than 1,800% compared to its presale price. Since then, negativity in the wider market dragged its price down, yet it has begun re-posting above-average gains since the weekend.

And with plenty to look forward to on Tamadoge's roadmap, it's only likely that TAMA will continue witnessing strong gains in the future.

Running on Ethereum, Tamadoge is a meme token crossed with a play-to-earn metaverse-based game. It provides players with the chance to collect, breed, battle and trade NFT-based Tamadoge pets, something which potentially will provide them with a profit on top of entertainment. 

As the chart below illustrates, TAMA is currently riding a wave of upwards momentum. Its relative strength index (purple) has jumped from 30 in the past few days to over 70 in the past few hours, indicating strong buying pressure.

At the same time, its 30-day moving average (red) is rising up towards its 200-day average (blue). A crossover (a 'golden cross') would signal a potential breakout, meaning that TAMA could rise to new longer term levels.

Of course, during turbulent market periods technical indicators can't always be trusted. Nonetheless, Tamadoge's fundamentals suggest that it has