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The crypto market has been under pressure amid regulatory and inflationary pressures. After a brutal past few months, it is understandable for investors to speculate on big winners in the next bull run. Ethereum (ETH) and Bitcoin (BTC) are likely to spearhead the rally by virtue of being the most established coins. Nevertheless, DigiToads (TOADS) could turn out to be the biggest winners owing to its discounted valuation and the fact that it brings something unique in the meme coin space.
DigiToads Set for Huge Rally as Meme King
DigiToads has outperformed the market on its native token, rallying by more than 320% in presale even as the overall market remained bearish. The Ethereum project raising over $5.7 million in presale as Bitcoin and Ethereum remained under pressure affirms how well it is resonating with crypto enthusiasts as a full utility meme coin.
Its tremendous success over a short period in the market stems from its unique economic model that adds something new to the ever-elusive meme coin space. DigiToads has succeeded in marrying all the best attributes of meme coins with unique features that have strengthened its application in the real world.
Instead of exploding purely on hype and social buzz, as has been the case with Dogecoin and Shiba Inu, it has established a thrilling Web 3 game that adds a unique play-to-earn utility to the ecosystem. Gamers have to acquire and nurture avatar-like creatures dubbed DigiToads by purchasing food potions and training equipment.
The ultimate goal is to ensure one’s avatar is the strongest and largest in the metaverse or swamp arena for a chance to win TOADS tokens. DigiToads is to set aside 50% of proceeds from the sale of in-game items to reward people who participate in the Web 3 game.
DigiToads also accrues its utility from a unique staking platform that allows users to stake their non-fungible tokens to generate some residual income. It is to set aside 2% of every TOADS transaction tax to generate passive income in the network. Additionally, DigiToads has set sights on the decentralized finance space with its native TOADS token. Consequently, it is to run a monthly trading competition in which people with the highest trading volume are to earn Platinum Toads and 10% of all trading profits.
DigiToads is also eliciting strong interest from ESG-focused investors at a time when sustainability is a big issue. It’s committed to donating 2.5% of profits made in the network to charities committed to replanting trees and preserving the rainforest.
Ethereum dApps and Smart Contracts Edge
Ethereum is one project likely to spearhead a move higher in any bull run, having emerged as an attractive investment. Over the years, it has established itself as developers preferred platform for creating decentralized applications and smart contracts.
Increased adoption and network activity will always fuel demand for Ether, the network’s native token, which should increase its value. Similarly, the project’s strong fundamentals and adoption in various industries affirm its long-term prospects and growth metrics.
Bitcoin Bull Run Track Record
Bitcoin is another coin that will consistently spearhead a bull run by virtue of being the premier and flagship cryptocurrency. It remains the go-to crypto for institutional investors looking to gain exposure in the burgeoning sector.
Its impressive track record in delivering solid returns in previous bull runs is one factor that always attracts investors into the project, fueling demand, therefore, a significant spike in price.
Bottom Line
In any bull run, the focus is usually on projects with a solid track record of generating significant returns. While Bitcoin and Ethereum have dominated bull runs in the past, DigiToads has what it takes to be at the center of the next rally as the new meme king.
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*This article was paid for Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2023/06/28/digitoads-spearhead-next-bull-run/