When people see the word “stargate”, the first association that springs to their mind is a device that transports people all across the galaxy. Stargate Finance is also a transportation device that moves crypto assets between various blockchain networks.
Launched in early 2022, the Stargate Finance project came out strong right out of the gate. By April, its total value locked (TVL) surpassed $4 billion. It seemed that a new start in the crypto sky was born. Then the crypto crash happened and STG took a steep dive, leaving the spotlight to tokens like Tamadoge. An exciting new Play-to-Earn (P2E) platform, Tamadoge offers some amazing possibilities and is rightfully touted as one of the best crypto investments in 2022.
Stargate Finance, on the other hand, seems to be struggling at the moment, but there may be still hope for it. Crypto price prediction is far from being the exact science, but there are signs that STG may be on the road to recovery. Here is what we currently know about it.
Stargate Finance (STG) Price Prediction – Overview
What is Stargate Finance (STG)?
Stargate Finance is a project designed to solve one of the biggest hurdles in the world of crypto. Sending digital assets across different blockchain networks was always challenging, but Stargate Finance came out with an elegant solution. By using Layer Zero, an omnichain interoperability protocol, the developers have managed to create a system that allowed sending assets from one blockchain to another.
Ryan Zarick, Zero Layer co-founder, names three main benefits of using this new system. Instant Guaranteed Finality guarantees the funds will be on the destination blockchain once the transaction is completed on the sending network. Unified Liquidity allows various blockchains to share the same liquidity pool. Native Assets feature allows users to have desired tokens on the destination network. It is the combination of these three features that allows Zero Layer bridging technology to conduct successful asset transfers from blockchain to blockchain, vastly increasing flexibility and liquidity.
The benefits of this approach for both DeFi and dApps are incredible. Investors can now transfer funds across blockchain with minimal costs and time delays. This is especially beneficial for tokens that exist on various blockchains, like Tether.
What is Tamadoge?
Tamadoge is a Play-to-Earn (P2E) platform that brings together several elements to create an amazing experience for its users. The name comes from Tamagotchi, game older players are familiar with. The principle is the same, but with several additions. In Tamaverse, you can mint, train, and care for your digital pets, called Tamadoges. Each Tamadoge comes with a unique set of abilities that may be enhanced by training. You can also pit them in battles against other people’s pets and get rewards for winning and progress on the scoreboard.
Tamadoge is a unique token on the market, as it is the first memecoin with actual utility. Unlike Dogecoin and similar projects that rely solely on meme power, TAMA has a purpose that will provide value to investors. As a native token of Tamaverse, TAMA is used for all transactions on the in-game market. Players can earn TAMA for various actions they perform in Tamadoge and either spend them or cash them out.
Tamadoge has begun beta presale in July and ended it two weeks ahead of schedule, as all reserved tokens were sold. There is a general presale at the moment, which is also going great. The goal is to raise $10.75 million for further developments and the team already sold more than $9 million worth of TAMA tokens. That is great news for both current and new investors, as Tamadoge seems to go from strength to strength. Some experts are already predicting that Tamadoge could revolutionize memecoins and the way we think about them.
Tamadoge’s roadmap holds some exciting promises for the future of Tamaverse. Things like Metaverse integration, more CEX listings, and VR are sure to positively affect the future TAMA price and make it an even more lucrative investment.
How To Buy Tamadoge
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 commencing 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
What is STG?
STG is the native token of the Stargate Finance platform. It is used in liquidity pools, but the platform also offers staking and farming with STG. Staking STG will earn you veSTG, a governance token for Stargate Finance. With it, you can have a say in all future decisions, like the one made recently to diversify liquidity pools.
Stargate Finance Price History
Stargate Finance was off to a great start immediately after launch. A batch of 100 million tokens was sold in a pre-sale auction in two blocks, reaching a price of $1.92 per token. The value took a steep dive the next day, falling to just $0.10. Once it was listed on FTX and Bybit exchange, STG skyrocketed to $4.28 in early April 2022.
By late April, Stargate Finance’s long-awaited staking mechanism became operational, causing another price surge. Then, just as things were going great for the project, the crypto crash happened and it all came tumbling down. The entire crypto market was in shambles, losing trillions of dollars in value, buy DeFi tokens were among those hit the hardest.
By August 18th, STG was trading for just $0.33, its lowest point in months. On the following day, Binance announced its support for the project, causing the price to rise above $1 again. Since then, it has fallen again and is currently trading at $0.63.
If the past performance is any indication of the future, then Stargate Finance has a decent chance of recovering and perhaps even setting a new all-time high. However, that would require a full market recovery and the time frame for that is hard to predict.
Stargate Finance Price Prediction 2022 – 2025
STG is expected to fall further by the end of 2022, trading as low as $0.47. 2023 should bring market recovery and the entire sector should see growth. In STG’s case, the increase in value is expected to be modest, reaching the price of $0.68 by the end of 2023. In 2024, it should rise above the one-dollar mark, trading at $1.01. By the end of 2025, STG price should reach $1.37, based on conservative estimates.
Just how well STG will recover is dependent on the recovery of the DeFi and dApps market and how fast people start trusting it again.
Stargate Finance price prediction seems somewhat favorable at the moment, but it remains to be seen whether a full recovery is possible. If you are looking for a sound crypto investment, we would recommend Tamadoge, probably the most interesting crypto project in 2022. By combining the P2E concept with NFT technology, Tamadoge is offering amazing opportunities for both players and investors.
This news is republished from another source. You can check the original article here.