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The gas fee on the Ethereum network has risen to a new multi-month high amid a growing meme coin frenzy. This hefty transaction fee has multiplied Ethereum’s daily revenue. DigiToads, on the other hand, is set to become the next best crypto to bring 30x profit returns to its investor’s table with a surging market value and fast-selling tokens in their presale stage.
Experts believe that the official launch of the trending TOADS token will result in a similar hike in Ethereum’s gas fees.
DigiToads: A High-Potential Meme Coin
DigiToads combines NFT technology with a Play-2-Earn gaming paradigm. With this Play-to-earn model, the DigiToads users can own their own TOADS while earning money with their NFTs. Hence, DigiToads is a popular meme coin project that is rapidly gaining the attention of investors and experts as a high-potential crypto to buy.
With the play-to-earn game- called the Toad-Cade, the DigiToads community can combat and breed their Toads. According to the project, 50% of the funds raised from in-game item sales will be allocated to the monthly prize pool at the end of the season. Using these funds, the most committed gaming participants out of the top 25% will be rewarded for their commitment and competence.
DigiToads also introduced two new groundbreaking features to encourage aggressive treasury growth while offering passive income opportunities to its investors. One such feature is the Toad School, which makes DigiToads a trusted crypto for beginners. In this school, all TOADS holders can access the full trading course helping them become more efficient market participants and skilled traders. They will be able to put their skills to the test and improve the protocol when the DigiToads decentralized exchange, The Trading Post, starts.
The Platinum TOADS incentive is a notable feature of this credible cryptocurrency project. Over the course of a year- monthly TOAD VS TOAD trading competitions will be held to identify the most skilled traders in the Toad ecosystem, with a total of 12 Platinum Toads being awarded to the winners. These on-chain trading competitions will help DigiToads determine the most competent traders. The Platinum toad holders will have access to 1/12 of the TOADS treasury and will receive 10% of all trading gains.
DigiToads has an inbuilt mechanism to ensure unhindered growth, which creates a deflationary factor. A 2% tax fee is used for every executed transaction to buy back TOADS and burn them. This creates token scarcity, and increased demands create surges in the token price.
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The Sudden Increase in Ethereum’s Gas Fees:
According to TradingView- Ethereum’s transaction price surged by 34.74% from its last recorded gas fee on April 19. The average gas price for Ethereum transactions on April 20 was recorded at 81.94 gwei, up from 60.82 gwei on April 19. Last year, the recorded gas fee of Ethereum was 44.42. So the current meme coin frenzy has led to a gas fee increase of Ethereum by 84.46% increase from April 20, 2022. Gwei is an Ether denomination that is made up of one billionth of one ETH.
Conclusion:
The recent surge in Ethereum’s transaction fees has brought massive gains to ETH holders. Experts predict a similar surge in the blockchain’s gas fee after the launch of the high-potential TOADS token, offering high-potential gains for investors.
For more Information on DigiToads visit the website, join the presale or join the community for regular updates.
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Source: https://en.cryptonomist.ch/2023/04/28/digitoads-high-potential-meme-coin/