Demand for credible cryptocurrencies is on the rise as investors move beyond the hype and speculation associated with the emerging asset class. DigiToads (TOADS) is a top contender to become the next big thing as it continues to threaten established meme coins with real-world applications and use cases. In addition, its demand has exploded as Polygon (MATIC) and Cardano (ADA) experience extreme volatility as investors focus on new gems with tremendous upside potential.
DigiToads Gaining Traction in Presale
DigiToads is rapidly gaining traction as the next big meme coin, with over $3 million raised in presale. Analysts are increasingly touting it as the next big thing in the evolving sector owing to its attractive features around play-to-earn (P2E) gaming, NFT staking, and trading competitions.
The unveiling of a thrilling Web-3 game that requires people to collect, nurture, and battle using unique avatars dubbed DigiToads sets the Ethereum-powered project apart from others. The innovative P2E game allows players to earn TOADS tokens by nurturing their avatars to become the biggest and most robust in the swamp arena.
The integration of non-fungible tokens (NFT) and NFT staking is another feature that makes DigiToads stand out as the next breakout crypto. The staking platform offers users an opportunity to stake their unique DigiToads NFTs to earn some rewards.
DigiToads demand has also been surging on introducing a new component not available in other meme coin projects. The unveiling of monthly trading competitions already impacts people’s lives by offering a new avenue for earning monthly prizes. Users who end up with the highest trading volumes are to earn Platinum Toads that they can use to access the TOADS treasury.
Its commitment to charity and environmental protection has also elicited strong interest from sustainability-focused investors. For example, DigiToads has already pledged 2.5% of its profits to help support reforestation and rainforest preservation.
TOADS is the deflationary token powering the ecosystem that’s eliciting strong demand in presale. It acts as a medium of exchange for paying transaction fees and purchasing in-game items. Its total supply is capped at 585M with a token burning mechanism to limit supply over time
Cardano Rally Fizzles
After an explosive start to the new year that saw Cardano native token rally by more than 80%, the rally has fizzled. As a result, the token has lost nearly 20% in market value from its 2023 highs. Likewise, it remains under pressure as investors continue to question its valuation.
Cardano’s undoing in the market concerns its waning edge around NFT collections. NFT was expected to be a big win for the established crypto, but that has yet to be the case. The fact that there is no single Cardano NFT collection in the top 25 affirms the struggles. Likewise, Cardano needs to catch up on decentralized finance (DeFi), an area it was also expected to be a big win. It ranks below the top 10 among all blockchains on the total value locked.
Polygon Facing Stiff Competition
Polygon is another established cryptocurrency experiencing extreme volatility on investors questioning its valuation. While its native MATIC token is up by about 15% for the year, it has lost more than 40% in value from its 2023 highs.
The underperformance comes on Polygon coming under pressure on its bid to be Ethereum preferred scaling solution. Ethereum has already upgraded its network consequently addressing the congestion issues that have clobbered it over the years. In addition, Polygon faces stiff competition from Optimism (OP), Immutable (IMX) and Arbitrium which also operate as scaling solutions.
Bottom Line
DigiToads poses a significant threat to Dogecoin (DOGE) and Shiba Inu’s (SHIB) dominance as a full utility meme coin. Likewise, it offers exciting investment opportunities to investors eyeing exposure in the decentralized finance world. Over $3 million raised in presale affirms how investors strongly believe in the project’s unique features around P2E gaming, NFT staking, and trading competitions.
Its native TOADS token has been exploding in presale on investors taking note of its discounted valuation. With analysts projecting gains of over 500% on TOADS token listing in a major exchange, DigiToads offers a better upside potential to established projects like Cardano and Polkadot.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
