Tamadoge Price Up 700% in 1 Week – Is TAMA the New Shiba Inu?

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The price of Tamadoge (TAMA) has risen by nearly 700% in a week, with the new altcoin also gaining by 8.5% in the past 24 hours. The moves follow TAMA's listing on major centralized crypto-exchange OKX, while rumors surrounding a possible listing on Binance have also helped it sustain its momentum.

While some newly listed altcoins crash and burn in a matter of days following an initial listing, TAMA's price chart shows it has gone from strength to strength. And with the Tamadoge team steadily building out the platform's play-to-earn Metaverse, TAMA really looks like it has a strong chance of rivaling established meme tokens such as Shiba Inu and Dogecoin.

TAMA gained a spot on price aggregators such as CoinGecko and CoinMarketCap only a week or so ago, and according to the former, its price has ballooned by 672% since it hit a relatively low point of $0.01937309 some five days ago.

TAMA's chart shows that it has already begun rebounding after the price dipped from its all-time high of $0.194446 yesterday. Its relative strength index (purple) plunged to 30 after earlier investors took profits, yet it has begun to rise again to 50, with its longer-term momentum picking it back up quickly again.

As an indication of just how strong this momentum is, it's worth pointing out that its ATH of $0.194446 represents a 1,844% increase over TAMA's cheapest presale price of $0.01. Very few other coins can make a claim to such growth, especially in these market conditions.

As noted above, TAMA's listing on OKX's centralized exchange was the major factor in its rise, as well as the additional listing