Axie Infinity Price Slips, But Play-to-Earn Meme Coin Tamadoge Pumps 20% on Super Doge Game Launch News

Tamadoge
is
the
top-performing
major
meme
coin
today,
trading
up
19%
at
$0.0176,
after
announcing
its
first
game

Super
Doge

will
launch
this
week.

Tamadoge
currently
has
five
games
in
beta
testing
in
its
Games
Arcade,
which
makes
it
somewhat
different
to
the
run
of
the
milll
memes
coins
lacking
in
utility.

Play-to-earn
giant
Axie
Infinity
is
up
33%
in
past
7
days

helps
lift
TAMA?

Interest
in
the
coin
is
perhaps
being
rekindled
by
the
performance
of
the
standout
play-to-earn
coin
Axie
Infinity,
helping
to
refocus
investor
and
trader
attention
on
coins
in
the
P2E
games
sector. 

AXS
is
up
33%
in
the
past
seven
days
although
is
down
7%
today
at
$11.90.

Axie
is
the
original
P2E
success
story,
but
following
the
$650
million
Ronin
bridge
hack
the
price
collapsed
and
many
users
fled
the
game. 

There
are
signs
of
that
changing
with
a

revamped
game
that
has
addressed
some
of
the
flaws
in
the
original,
which
seemed
to
emphasise
attracting
speculative
hot
money. 

The
original
Axie
game
also
funnelled
users
into
repetitious
and
boring
gameplay
in
order
to
earn
rewards
in
the
form
of
the
in-game
currency
Smooth
Love
Potions
(SLP).

On
a
more
near-term
view,
the
unlocking
of
1.8%
of
AXS
supply
was
met
by
a
pump
in
the
price
on
the
expectation
of
a
counterveiling
announcement
to
forestall
a
bearish
reaction
by
market
participants.

AXS
has
held
on
to
most
of
those
gains,
peaking
at
$13.68
on
a
7-day
view,
but
retracing
lower
since
then.

Meme
coin
revival
and
games
arcade
utility
means
Tamadoge
stands
out
from
the
crowd 

Tamadoge
is
ranked
eighth
by
market
cap
in
the
Coinmarketcap
meme
coin
category

At
this
point
then,
Tamadoge
looks
like
a
much
better
bet
for
market-beating
returns
over
the
short
term.

Returning
to
the

meme
coins
sector,
all
major
coins
have
added
value
over
the
past
7
days,
and
that
has
had
the
effect
of
lifting
all
boats
to
some
extent. 

Alongside
Tamadoge,
other
top
performers
over
seven
days
include
Shiba
Inu
up
12%
at
$0.00001195,
Baby
Doge
Coin
up
13%,
FLOKI
22%
higher
at
$0.00001181
and
sector
bellwether
and
the
largest
cap
coin,

Dogecoin,
up
a
more
sedate
5%
to
$0.08842.

Tamadoge
is
far
and
away
the
top
gainer
over
the
past
24
hours.

Ultimately
a
coin
will
rise
or
fall
on
the
strength
of
its
product
and
on
that
basis,
Tamadoge
has
a
lot
going
for
it.
Its
first
game

Super
Doge

comes
out
of
beta
this
week,
according
to
a
post
on
the

official
Telegram
channel
and
Twitter:

It
is
that
announcement
that
has
started
to
pull
in
buyers
of
the
TAMA
token 

According
to
beta
tester
reviewers,
Super
Doge
is
the
most
skill-led
of
the
games
currently
being
tested
in
the
Arcade,
so
it
is
a
smart
move
by
the
team
to
release
that
one
first.
It
is
also
the
most
addictive
judging
by
games
data
shared
with
cryptonews.

The
other
four
games,
which
will
no
doubt
be
coming
along
for
full
release
shortly,
are
Rocket
Doge,
To
The
Moon,
Tama
Blast
and
Tamadoge
Run.

The
upside
for
the
TAMA
price
is
potentially
10x
in
the
near
term
given
the
 token
is
90%
off
its
all
time
high
printed
on
5th
October
last
year
of
$0.196.

But
when
the
first
game
is
actually
released
investors
will
then
have
a
real
product
with
which
to
assess
the
potential
of
the
project.

The
Telegram
announcement
of
the
Super
Doge
release
speaks
of
Tamadoge
as
the
future
of
Play
to
Earn
– 
that
statement
might
not
be
too
far
off
the
market.
It
could
also
be
the
future
of
meme
coins.