Cardano (ADA) developer, Adam Dean, recently tweeted regarding his grievances related to certain development issues that the altcoin is facing. As per his tweet dated 18 August, the developer blames a “bug” that “catastrophically” broke the Cardano network.
Will this bug influence the further decrease of the coin’s value or is it just a minor setback? We’ll get to that by the end of the article.
What’s interesting yet is the boom of the new meme coin called TAMADOGE who just went from beta sale to presale in a record time. Experts predict a huge success for this coin as the price is already going toward $1 value in just one month.
Where’s ADA CARDANO now?
Charles Hoskinson created the Cardano network to offer a platform for developers where they can develop smart contracts and decentralized applications (Dapps). Recently, Cardano upgraded to the Goguen mainnet, a blockchain technology that offers token lock network features.
ADA’s Volatility and ongoing issues
As said earlier, one of ADA’s creators, Adam Dean, has recently tweeted about the crash in the system.
The testnet remains dysfunctional despite the detection of the issue in the chain. And the chain is dysfunctional since most operators updated to v1.35.2 in order to mimic the Vasil hardfork combinator (HFC) event.
Furthermore, the current version (v1.35.3) is now incompatible and incapable of syncing with the chain. This issue could result in another delay in the Vasil hardfork announcement.
However, this may not be the only major red flag for the Cardano community as metrics to paint a gloomy picture for altcoin.
Price Prediction for ADA
As the Cardano ecosystem expands, what impact could it have on a Cardano price prediction? Let’s take a look at the latest Cardano price analysis and forecasts.
The short-term outlook for the ADA price was bearish, as of 2 August, according to technical analysis data compiled by CoinCodex. The site’s Cardano crypto price prediction indicated that the token could trade up to $0.51783 by 7 August but slide to $0.428721 by 30 August.
Looking forward, Wallet Investor’s Cardano price prediction for 2022 was also bearish, with the ADA token forecast to fall to $0.0515 by the end of the year and slide to $0.044 by the end of 2023.
The ADA price prediction generated by the website’s algorithm estimated that the token could stabilize at $0.0429 by the end of 2025 and drop to $0.0378 in five years’ time.
In contrast, the long-term ADA crypto price prediction from DigitalCoin was bullish. The crypto data provider’s Cardano price prediction for 2025 indicated that ADA could average $0.96, up from $0.64 in 2022 and $0.73 in 2023, based on historical data. The price could then rise to $2.29 in 2030, the ADA prediction showed.
The Cardano price prediction from The Economic Forecast Agency had ADA ending 2022 at $0.55 , dropping to $0.26 by the end of 2023, then turning up to $0.48 by the end of 2024 before sliding to $0.30 by the end of 2025.
When looking for an ADA coin price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile. That makes it difficult to accurately predict what a coin’s price will be in a few hours, and even harder to give a long-term projection. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
As ADA is currently struggling to go up, maybe it’s a good time to turn to enriching your investment portfolio with TAMADOGE?
Tamadoge is the currency at the center of the Tamaverse, allowing you to create, breed, care for and battle your TAMADOGE pets. This is a memecoin with utility. Launched in July 2022, TAMADOGE is a deflationary cryptocurrency whereby users can battle to climb up the leaderboard by gaining Dogepoints.
Users with the most Dogepoints at the end of each month will be able to claim their winnings from the monthly Dogepool. Your Tamadoge will grow with you, becoming stronger over time, but make sure you look after them. If you leave your Tamadoge for too long then they’ll end up as a Tamaghost.
Whenever you make a purchase in the Tamadoge store, from buying your newest Tamadoge pet through to buying food and toys or even just a cool new hat, you’ll always be paying with
‘Meme coin’ sensation Tamadoge has just announced that its Beta sale allocation has sold out – way ahead of the September 2nd deadline.
Tamadoge’s team has raised $2 million worth of USDT in a matter of weeks and will now be moving onto the presale phase, which will see the token’s price increase by 25%.
Investors who acquired TAMA tokens through the Beta sale are likely thrilled with this news as Tamadoge gears up for CEX listings later in the year.
ADA VS TAMA
In addition to the aforementioned information, ADA’s market cap seems to be a major red flag at the moment. As of 18 August, ADA’s market cap stood at $18.3 billion. However, in the last 24 hours, its market cap dropped significantly and stood at $15.73 billion at press time.
Despite past assurances from Charles Hoskinson surrounding the Vasil Fork, things seem far from reversal for the altcoin in the near future.
The already-existing confusion around the hard fork has reached new heights in light of the recent events leaving investors and traders in a position of uncertainty.
On the other hand, TAMADOGE offers amazing abilities to earn, play games and trade coins. It’s interesting, engaging, easy to use and to earn. Given it’s a new coin, its price predictions are already going somewhere around $1 with the promising long-term predictions.
Coins like Tamadoge are a great way to diversify your portfolio and reduce the risks. And who knows, maybe this time next year you’ll be thanking us for the advice while driving your brand new Lamborghini.
How To Buy Tamadoge
Here are the easiest steps to buy yourself a TAMA:
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).
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 ommencing 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.
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.
Use the contract information below to add the TAMA token to your wallet.
Token symbol: TAMA
If you are considering making a Cardano investment, we recommend that you always do your own research. Look at the latest Cardano crypto news, market trends, technical and fundamental analysis, and expert opinion before making any trading decision. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.