Tesla abandons Bitcoin, these crypto projects can emerge

Tesla abandons Bitcoin, these crypto projects can emerge

For $963 million, Tesla sold BTC. The company revealed in February last year that it had spent $1.5 billion on the cryptocurrency and would soon accept Bitcoin as a payment method for its vehicles.

With this announcement, the cryptocurrency market went into a frenzy, driving the price of many cryptocurrencies, and placing Musk as the main character. principal the reality of the industry.

Tesla however changed his coat on Bitcoin, referring to the energy consumption associated with Bitcoin mining. So, the company is at least abandoning Bitcoin.

However, we believe that it is the decline of Bitcoin that is the cause of this liquidation. According to the group, they will be willing to increase their Bitcoin holdings in the future. Therefore, the sale of BTC should not be interpreted as a negative judgment against the first crypto.

Tesla however continues to support another cryptocurrency that is accepted in its online store: Dogecoin.

Dogecoin (DOGE)

Dogecoin can be adopted further with support from Elon Musk and Tesla. Especially since cryptocurrency is now finding use. of Dogechain is a level 2 chain based on the Dogecoin blockchain. It allows launching non-fungible tokens (NFT), decentralized applications (dapps) and games.

Investors who own Dogecoins will no longer need to regularly convert them to other cryptocurrencies like Bitcoin and Ethereum to transact on crypto platforms thanks to this new chain that will offer several internal functions.

Developers will be able to create projects with practical applications in everyday life thanks to this ecosystem.

Read too After the launch of ApeCoin and the Cinema trilogy, BAYC enters the Metaverse!

Tamadog (TAMA)

Tamadoge is another memecoin similar to Dogecoin that intends to develop in parallel. While Dogecoin is trying to find use for itself after almost 10 years of existence. Tamadoge will be a natural sign of use!

TAMA is the ultimate symbol of the future metaverse of the Play-to-earn game Tamadoge. The latter features dog NFTs that players can find and upgrade to participate in challenges. The more they play, the more valuable their NFTs become. They can then sell them at a profit on the NFT market.

Therefore, Tamadoge will work like other popular games like Axie Infinity. But it is more interesting now, because his business has not yet started. And when it does, its value will undoubtedly increase.

Tamadoge price prediction in 2023 moves between x10 and x100. You can buy TAMA tokens on the official website from Tamadoge.

馃拵 Receive your Free Crypto Hour

“Quick, I’m Done” crypto hour: Every Friday at 8pm, receive our free crypto hour in your email inbox. 100% added value, 0% waste!

馃敟 Receive as a Bonus your Free Guide “Find Nuggets of the future”: Learn how to analyze cryptos like an expert, avoid Red Flags and Scams, to start or develop your Adventures in the cryptocurrency world.