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If you haven’t included meme coins in your portfolio for 2023 yet, it’s time you start researching some good ICO tokens. Given the stellar market performance of many meme-based cryptocurrencies in the recent past, many analysts are calling 2023 the year when meme coins finally get their due share of the credit. Among the new projects that were rolled out this year, DigiToads is the latest meme coin to join the league of big guns like Shiba Inu and Dogecoin. The latest ico has garnered a lot of attention because of its hybrid economic design where there’s no shortage of opportunities to earn. Built on the Ethereum network, DigiToads has leveraged the decentralized autonomous organizations model for its governance structure.
DigiToads: The cryptocurrency ico everyone has their eyes set on
It might be surprising for some of us to see DigiToads being considered a top crypto to invest in despite being in the presale stage, but your opinion changes once you get to explore its features. Its economic design draws its functionality from a model that is a cross between a Web 3.0 game, a meme coin, and a staking platform. By simply procuring DigiToads native token TOADS, one can look forward to staking NFTs, trading tokens, getting monthly rewards, entering giveaways, winning prizes, and participating in play-to-earn games. The token is powered by the ERC-20 model and will have a stock of 585 million coins. These tokens will be distributed among different activities that will support DigiToads’ development. While 69% of the TOADS tokens will be used for presale stages and funding community rewards, the remaining tokens will be used for public releases, organizing competitions, team tokens, maintaining liquidity pools, and other miscellaneous tasks.
If you assess DigiToads from the point of view of a beginner cryptocurrency, then also it fares well. A user-friendly interface, voting rights to token holders for moving and voting for proposals and a presale process that spans over 10 phases are some of the features that make DigiToads a dependable project for those who are taking baby steps into the world of cryptocurrencies. One of DigiToads’ key features is the trading competitions that it will organize each month. The winner of these competitions will get a Platinum Toad which would make the participant eligible for secure remote access to the treasury fund. The DigiToads team would then train the trader in managing the treasury fund and later assist it in the task. The winners would also be going home with 10% of the profits they clock for the platform while participating in the competition.
Shiba Inu is likely to stay in bullish territory
Despite being one of the earliest meme coins to have been rolled out in the world, the charm of Shiba Inu is yet to fade. Its claim to fame is that it was among the first meme tokens which showed the world how memes could be tokenized. Plus, its success laid the foundation for several other meme coins to be launched. Its native token is SHIB which is used for various transactional uses on the network. The platform has released two other cryptocurrencies – BONE and LEASH – which serve different purposes in the Shiba Inu ecosystem. The team is currently busy with the yet-to-be-launched scaling solution Shibarium. The past few weeks have been quite eventful for the SHIB token which saw its share of ups and downs. However, given its popularity, analysts expect it to stay in bullish territory for the short term.
Is Dogecoin moving toward a bearish phase?
Favored by Shiba Inu users across the world, Dogecoin might have been launched just in jest but it has a growing fan following of its own now that’s spread across the world. The beginner cryptocurrency has a native token called DOGE which is the main cryptocurrency on the network. The meme coin uses Scrypt technology to facilitate a block time of one minute. Miners have the option of joining a mining pool or going solo. It became even more popular after social media networks like Twitter and Reddit enabled their users to use cryptocurrency as a ‘tipping coin’ to encourage the creators of the content they liked on their platforms. Despite its popularity, the DOGE token has been facing rising selling pressure in the futures market which could push it into a bearish phase.
DigiToads is among the most popular new alt coins
DigiToads might be one of the new alt coins but it has made a name for itself with its next-generation economic model and user-friendly features. Drawing in presale funding of over $3 million in just five of their presale stages. There are still five more before launch and analysts expect the token price to potentially surge even higher once it gets listed on mainstream exchanges. As far as potential goes, analysts feel it can cross 50x over the coming months.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
*This article was paid for Cryptonomist did not write the article or test the platform.
