Although the cryptocurrency market has gone through a protracted winter, interest in new currency launches has remained strong. Following their recent presale successes, investors are wondering whether Sweat Economy (SWEAT) and Tamadoge (TAMA) are actually worth the money.
Sweat Economy (SWEAT): Is It Really Worth Investing?
Earlier this month, Sweatcoin, a fitness activity tracker capable of turning users' steps into real money, released its native Sweat Economy (SWEAT) token.
Some of the world's largest venture capital firms participated in the private sale of the token, helping the initiative raise $ 13 million.
In light of the fact that the value of cryptocurrency tokens can rapidly increase on days of high demand, Sweatcoin is now rewarding its users with its native token, SWEAT.
Leading analysts, however, are pessimistic about SWEAT. Currently, for every 1.000 steps taken, Sweatcoin users receive 1 SWEAT token. The cost of producing Sweatcoin for steps increases as more users sign up to 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 to settle the score. We expect the payout per 2031 steps to drop to 1.000 SWEAT by 0,02.
The motivation of users collapses when they no longer get anything from the payment. This suggests that the Sweat Economy (SWEAT) is not sustainable.
Tamadoge (TAMA) is another meme coin
Tamadoge is another coin which is increasing in value recently (TAMA). One of the most underwritten coins of 2022, the project raised $ 19 million in a presale that ended early.
Like the popular Tamagotchi game from the 90s, Tamadoge players raise, train and fight their virtual pets for rewards. These rewards are earned in the form of "Dogepoints", which can be exchanged for TAMA tokens.
It's hard to give up on a glamorous cryptocurrency like Tamadoge (TAMA), but play-to-earn reality show initiatives like Axie Infinity come with a high risk of making investors lose all their money (AXS) immediately. Due to the absence of a compelling trade argument, investing in these cryptocurrencies is risky. However, if you love risk, you still can buy Tamadoge on its official website.
