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Cryptocurrencies have been packing a surprise with their impressive market performance. Leading meme coins like Shiba Inu have set the pace of the year with their price rallies and new projects like DigiToads (TOADS) are blazing a trail with their presale growth. Built on Ethereum, DigiToads is a meme coin that has emerged as one of the best cryptocurrencies to buy in 2023 with its state-of-the-art model and robust security framework. Interested buyers can accumulate the TOADS token at very attractive prices by visiting the presale site.
DigiToads: The latest ico that everybody is talking about
DigiToads has been attracting many users with its hybrid decentralized finance (DeFi) model which offers the utility of three cryptocurrencies on a single platform. DigiToads makes this possible by fusing the features of three cryptocurrencies – a meme coin, a play-to-earn game, and a stake-to-earn platform – on a single interface.
Its native token is TOADS which is the primary cryptocurrency on the network. The TOADS token is used for all transactional obligations that one may encounter on the network. The DigiToads team has split the presale process into 10 stages. In the past eight stages, the project has raised over $5.74 million so far. Priced at 0.047 USD per unit, more than 94.81% of the token supply earmarked for the presale is already sold. Given its utility and popularity, the token has made it to leading analysts’ best cryptocurrency ico lists for 2023.
One of DigiToads’ key USPs is its play-to-earn game which is one of the finest examples of how decentralized gaming could drive financial empowerment. The Web 3.0 game combines interesting gameplay and eye-catching graphics with a lucrative rewards system. During the game, the players compete with each other in a virtual swamp and tackle challenges.
To up their game, players can trade or purchase virtual beings called DigiToads which have superior strength and unique powers. What makes the game even more interesting is that every DigiToad has a different set of powers, so players don’t know how well-positioned the rival DigiToads are. To solve this problem, players can buy training equipment, food, and potions to help their DigiToad boost its strength.
Another important feature of DigiToads is the trading competitions that its team will be organizing every month. The winners of these competitions are judged based on the trading volume they book in a month. The participant booking the highest trading volume is declared the winner of the competition. The winners not only receive a share of the profits they book in a month but also learn about treasury management from the DigiToads team. After they have honed their skills, the winners would be assisting the team on the job regularly.
As part of its plans for the future, the DigiToads team would be setting up an online think tank where community members owning a minimum of three TOADS NFTs would be able to attend informative sessions on cryptocurrencies. The team would also be donating 2.5% of the annual profits raised by the project every year to organizations working for the cause of the conservation of rainforests.
Is Shiba Inu turning bearish?
Shiba is not only the earliest meme coin introduced in the world but also the crypto project that helped to popularize animal-themed cryptocurrencies. Inspired by memes on a Japanese dog breed, Shiba Inu’s success story has paved the way for many meme coins to hit the market. Rated as one of the altcoins to watch out for in 2023, Shiba Inu has a native token called SHIB which is the main cryptocurrency of the network. Despite its popularity among crypto users, the SHIB token has been at the receiving end of negative price action. Based on market data, analysts have been maintaining a bearish outlook toward the SHIB token.
Conclusion
If you are unable to decide what cryptos to buy now, both Shiba Inu and DigiToads serve as dependable projects to choose from. Except, if you are looking for long-term gains. While Shiba Inu has its strengths, many analysts have claimed that DigiToads would be better suited for long-term gain as it has higher growth potential. They have attributed this strength to DigiToads’ hybrid DeFi where one can explore multiple options to earn passive income. Analysts also feel that the TOADS token has the potential to grow by over 30x over the next few months.
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