Many investors often forget how early they are to the crypto space. The digital assets market rests at the frontier of finance, which is why investors can make obscene returns on their investments. But where there is a reward, the risk is never far behind.
$2.5 million is in limbo as Shiba Inu (SHIB) faces Shibarium launch issues, and funds bridged by users appear to be trapped. As a result, investors have flocked to DigiToads (TOADS), a new meme coin contender with 100X potential, and, most importantly, security audits from market-leading smart contract auditors.
Providing better security guarantees and more upside makes $TOADS an obvious play over $SHIB and puts it in the first place when considering the best DeFi projects to buy in 2023.
DigiToads (TOADS) NFTs, Passive Income, and 100X Potential
DigiToads has rapidly become a hot topic and one of the altcoins to watch amongst professional crypto investors. The robust smart contract audits completed by Coinsult make TOADS an excellent crypto for beginners, knowing their funds are safe, secure, and not at risk, unlike users who bridged funds to Shibarium.
The Swamp, the native ecosystem, provides features for all investors, and this all-encompassing market appeal explains TOADS’ phenomenal presale success, where it raised over $7 million. In the depths of a bear market, this impressive capital allocation shows investors voting with their dollars on the protocol’s future success.
Toad-Cade, the play-to-earn game, allows users to earn cash by battling toads in the arena in PVP matches. The top 25% receive a percentage of the prize pool each season.
The treasury management system, Platinum Toads, has become another central draw. It distributes 12 Platinum Toads to the best on-chain traders and allows them to trade with the protocol treasury, swiftly expanding its value. And therefore, payouts for community members.
But the chief mechanism attracting investors, especially more sophisticated investors, is the NFT Staking mechanic. Every user who mints a DigiToads NFT can stake it via the NFT Staking module at 11 am on August 21st. $TOADS payouts will begin, and these deflationary rewards providing a consistent source of passive income will likely cause them to become trending NFTs and see a soaring floor price.
On-chain data shows crypto-whales purchasing multiple NFTs, and in the current market conditions, there is no better asset for investors who want to earn sustainable and reliable passive income.
Shiba Inu (SHIB) Shibarium Causes Crisis
Shiba Inu holders have watched the price of $SHIB plunge alongside the other native ecosystem tokens, $BONE, and $LEASH. This results from the larger market sell-off and the launch of a flawed bridge has compounded the bearish sentiment surrounding Shiba Inu.
The community has been hyped for the launch of Shibarium for months, a new layer two promising faster transactions and cheaper transactions. But all of the $ETH and $BONE bridged to Shibarium is trapped, and developers have yet to release a solution.
Price predictions lean more bearish following this event, forecasting a range between $0.00001358 and $0.00001620 for $SHIB in 2024.
Closing Thoughts: The Year of the Dog Has Ended; Enter the Year of the Toad
Shibarium was intended to revitalize Shiba Inu and send the price of $SHIB soaring. In reality, the exact opposite has taken place. Rotating into DigiToads is the intelligent choice. It has already received a smart contract audit from one of the most well-respected DeFi companies, and investors’ funds will be safe.
The provision of sustainable passive income flows, an aggressive marketing campaign, and a brand new utility case for NFTs means TOADS is one of the new ICOs that genuinely could 100X this year. Investors still have time to mint DigiToads NFT, and analysts believe this could be of the year’s highest ROI plays!
Visit DigiToads Homepage
Mint DigiToads NFTs Here
Buy DigiToads NFTs on OpenSea
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Source: https://www.analyticsinsight.net/2-5m-in-limbo-as-shiba-inu-faces-shibarium-launch-issues-and-investors-flock-to-this-new-contender-with-100x-potential/