Martin Lewis Bitcoin Price and Energy Price Predictions
Just when it looked like Bitcoin would make a full recovery after the crypto crash of 2022, things became much more complicated. The crash happened in early 2022, followed by the war in Ukraine, supply chain problems, and the biggest energy crisis in modern history.
Most people see digital currencies and blockchain networks as virtual assets used for trading. However, most people don’t know that blockchain networks like Bitcoin and Ethereum use massive amounts of energy to stay operational. Considering the rising energy prices worldwide, investors are flocking to more efficient altcoins such as Tamadoge.
Bitcoin – The Largest Energy Consumer in The Blockchain Ecosystem
Bitcoin is the world’s leading cryptocurrency, widely considered the gold standard among digital currencies. There are 21 million tokens, most of which had to be mined before reaching the markets. As a result, millions of mining rigs popped up in countries worldwide, resulting in massive energy consumption over the years.
However, Bitcoin still consumes around 127 terawatt-hours (TWh) of electricity every year. That’s more power than Norway’s annual energy consumption. On average, Bitcoin uses 707 kWh of electricity per transaction, 11 times more than Ethereum. Moreover, ETH is about to upgrade its blockchain to a layer-2 platform, reducing existing energy consumption by 99.95%. Once the platform moves from the proof-of-work to the proof-of-stake approach, it will reduce energy consumption to an absolute minimum.
Bitcoin has been around for over ten years, and its underlying blockchain technology has become obsolete. Energy consumption wasn’t an issue back in 2011, but today, it became one of the biggest challenges in modern history.
Energy Prices Surge Across the Globe
It doesn’t matter where you look; energy prices are skyrocketing worldwide. Many third-world countries are already facing blackouts and energy restrictions, while the developed countries raise prices and work on plans for reducing energy consumption. According to Martin Lewis, one of the leading financial journalists in the UK, energy prices in the country could increase by as much as 80% in the next few months.
Martin spoke about his views of the entire situation on BBC Radio 4. He said, ‘ I’ve been accused of catastrophizing over this situation. Well, the reason I have catastrophized is this is a catastrophe, plain and simple. If we do not get further government intervention on top of what was announced in May, lives will be lost this winter.’
While it may not seem like it, there is a direct link between increased energy consumption and blockchain networks. If we added up the energy consumption of all blockchains, we would get a massive amount of energy that will soon be needed elsewhere. Ethereum will fix the issue and prepare its services for a greener future, while Bitcoin still has a long way to go. If nothing changes soon, the world’s highest-ranked cryptocurrency could lose all profitability. However, the newest meme coin project called Tamadoge was conceded as eco-friendly crypto from day one, which is why it’s likely to flourish while many other cryptocurrencies struggle to survive.
Tamadoge – New Meme Coin With Minimal Energy Consumption
The age of high-consumption blockchain networks is over. The developers behind the newest meme coin, Tamadoge were well aware of what was going on with other blockchains, so they took a different approach from day one. The newest meme coin is not only pre-mined, meaning that it doesn’t require any extra energy to generate tokens but is also deflationary.
There is a total of 2 billion TAMA tokens in circulation. Half is available in presale, 45% is locked to provide liquidity, while 5% will be burned to reduce token supplies. Tamadoge is set in a metaverse and built around play-to-earn platformer games. TAMA tokens work as the platform’s utility token and are the first meme coins with real-world use cases. However, as players spend TAMA tokens in the Tamaverse, another 5% of all tokens used will be burned monthly to diminish token supplies and drive higher prices.
In other words, Tamadoge will only reduce its energy consumption over time, making it far more sustainable than Bitcoin and many other cryptos on the markets. The project is set to release in late 2022, and since the presale is still open until September 2nd, you still have a few days to become a part of the fastest-growing meme coin project in history.
TAMA Token Presale
You still have a few days to buy TAMA tokens if you want to become an early investor. The presale has been a massive success so far, as it sold over 80% of the 1 billion TAMA tokens an entire month ahead of schedule. The tokens are now available for $0.04, and only 94 million coins are left.
The project raised $8,631,248 out of the $10,7 million goal, so hurry up and get your TAMA coins before it’s too late. If you spend at least $100, you can enter the official $100,000 TAMA token giveaway, and if you’re lucky, become a millionaire after the presale is over.
How to Buy TAMA?
Although the Tamadoge presale started only recently, investors worldwide have already done their part to capitalize on this incredible investment opportunity.
Check out this guide if you want to become a Tamadoge community member and potentially get rich by investing in Tamadoge. The step-by-step guide will explain each process in great detail, so make sure to read it carefully.
Once you complete all the steps, you’ll be a proud owner of your first Tamadoge token.
Step 1 – Create a Crypto Wallet
If you don’t already have one, you first need to create a crypto wallet to buy Tamadoge.
Most wallets are simple to create and are completely free. With that said, we recommend that you go with MetaMask since it includes multi-chain support.
Go to MetaMask’s official website, press “Download,” and follow the instructions to set it up.
Step 2 – Buy ETH/USDT
You can buy TAMA coins only through Ethereum (ETH) or Tether (USDT). Both of these cryptos can be acquired through the major crypto exchange platform.
However, you also have the option to purchase ETH directly via credit/debit card on Tamadoge’s official presale platform.
After you buy ETH/USDT, transfer the tokens into your crypto wallet.
Step 3 – Connect the Crypto Wallet with Tamadoge’s Presale Platform
Go to the official Tamadoge website and press ‘Buy.’
Next, click on ‘Connect Wallet’ and pick your wallet provider. You’ll see a bunch of instructions pop up; follow them to finish the connection process.
Step 4 – Purchase Tamadoge
Type in the exact amount of TAMA coins that you want to buy (the minimum is 10,000) and press ‘Convert ETH’ or ‘Convert USDT.’
Double-check the information you entered and confirm the transaction if everything is correct.
Step 5 – Claim the Tokens
Lastly, all that’s left for you to do is claim the Tamadoge tokens.
But, you should know that the ‘Claim’ option will be available only once the presale ends.