Sweat Economy (SWEAT) vs Tamadoge-Which is the Best Crypto to Invest in 2023?
Although the crypto market has been in a prolonged winter, interest in new currency launches has remained strong. As a result of their recent presale achievements, investors are wondering if Sweat Economy (SWEAT) and Tamadoge (TAMA) are actually worth the money.
Sweat Economy (SWEAT) : Is it Really Worth It to Invest?
Earlier this month, Sweatcoin, a fitness activity tracker that can turn users’ steps into actual money, released its native token Sweat Economy (SWEAT).
Some of the largest venture capital companies in the world participated in the private token sale, helping the initiative raise $13 million.
In light of the fact that the value of cryptocurrency tokens can increase rapidly on days of strong demand, Sweatcoin is now rewarding its users with its native token, SWEAT.
Top analysts, though, are pessimistic about SWEAT. Currently, for every 1,000 steps taken, Sweatcoin users receive 1 SWEAT token. Sweatcoin’s manufacturing cost for steps increases as more users join the site and generate them in exchange for currency.
The platform will have to resort to paying customers less for the same amount of steps in order to even things out. We anticipate that by 2031, the payout per 1,000 steps will have decreased to 0.02 SWEAT.
Users’ motivation drops off a cliff when they no longer get anything out of making a payment. This suggests that the Sweat Economy (SWEAT) is not sustainable.
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Tamadoge (TAMA) is Yet Another Memecoin
Tamadoge is another coin that has been rising in value recently (TAMA). One of the most subscribed to now coins of 2022, the project raised $15 million in a presale that ended early.
Like the popular 1990s game Tamagotchi, players in Tamadoge breed, train, and battle their virtual pets for prizes. These bonuses are earned in the form of “Dogepoints,” which may be traded in for TAMA tokens.
It’s hard to pass up a charming cryptocurrency like Tamadoge (TAMA), but reality show play-to-earn initiatives like Axie Infinity have a high risk of instantly losing investors all of their money (AXS). Due to the absence of a compelling business case, investing in it is fraught with peril.