2023 has favored cryptos, and the market could be recovering after last year’s losses. Several coins have topped the charts. In particular, meme coins are dominating.
Two of the most popular meme coins in the market are Pepe Coin (PEPE) and DigiToads. PEPE’s rally drew investors. On the other hand, DigiToads is outperforming the market in its current presale. Experts remain bullish about DigiToads.
After the PEPE rally, trends shift, and DigiToads is positioning itself to lead the markets. PEPE is under pressure, down by over 10%, even though it was one of the best meme coin projects, topping even leading crypto assets after launch.
Still, it is common to see prices correct after a rally as the market adjusts and finds a more sustainable valuation. The initial hype and speculation around Pepe non-fungible tokens (NFTs) might have catalyzed demand, inflating value.
Prices are low but stable, possibly indicating the end of the rally. Based on this assessment, PEPE’s rally was short-lived as prices are now down, in the red. If this state is extended, it could mark the end of PEPE’s hype.
DigiToads’ native token, TOADS, is being considered in the investment landscape, capitalizing on the shifting winds after the initial PEPE rally.
With its NFTs, DigiToads has captured the attention of investors seeking the next ample opportunity in the digital collectibles market. In this article, we will find out how DigiToads has become its prime contender.
DigiToads is visible
DigiToads has remained dominant since the beginning of Q2 2023. Notably, the success of the ongoing presale has lifted the meme coin’s profile as investors consider the token. In the ongoing presale, the project has raised over $4.2m. Overly, there will be ten presale stages, of which investors are now in the seventh phase.
Players can have fun on its gaming platform using avatars, collect TOADS from nurturing, and then battle with them. Using TOADS, players can buy weapons. TOADS is a functional currency used to execute all transactions within the DigiToads ecosystem.
DigiToads also supports non-fungible token (NFT) staking. Here, NFT holders receive rewards in TOADS from the 2% fee charged on all transactions when they stake.
The project will also host an on-chain trade contest where Platinum Toads will be awarded to winners every month for a year.
Platinum Toads holders will access 1/12th of the TOADS treasury to trade and make a profit. The project dedicates 10% of its TOADS treasury to all Platinum TOADS holders.
The tokenomics of DigiToads also shows that a 2.5% fee collected from all transactions will be burned, making TOADS deflationary. This may support prices in the long run.
When investing in cryptocurrency, expect ups and downs in meme coin values. PEPE was once popular but didn’t last. However, DigiToads has become a top cryptocurrency asset thanks to its deflationary token and use of memes to reach the crypto market. It could be the leader in the next generation of cryptocurrencies.
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