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- Insights
- Cryptocurrencies
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- Industry
- Geography
As a cryptocurrency investor, you have to always be on the lookout for coins that have the potential to become the next big thing. Aave, Polkadot, and DigiToads are currently some of the best cryptocurrencies to buy if you are looking to see at least 10X gains by 2024.
In this post, we explore what Aave, Polkadot, and DigiToads are all about and why you should consider investing in them.
DigiToads is a De-Fi and web-3 platform that combines a variety of features to create a utility-laden mem coin. Although DigiToads hopes to capitalize on the fast-growing meme coin sector, the DigiToads platform moves one step further by incorporating a lot of utility into the platform. While most meme coins rely only on their community and major news events for price growth, the DigiToads platform has a robust ecosystem to drive its value.
DigiToads focuses on a play-to-earn gaming model that is combined with an NFT feature. This way, DigiToads give investors one of the best NFTS to invest in while also presenting them with an exciting opportunity to win rewards and get entertainment from playing a game.
Players who participate in the play-to-earn game have to collect, or trade digital pets known as DigiToads. These toads are nurtured and nourished by purchasing different items from the in-game ecosystem that make the toads stronger and give them special abilities.
Once a month, the players battle their Toads in a competition. The top 25% of players are rewarded with 50% of the profits from in-game purchases. This way, players stay motivated to participate in the game, and new players are enticed to join. A further 10% of the profits from the in-game purchases is airdropped to all $TOAD token holders.
DigiToads will also hold trading competitions where the top winners will be rewarded with Platinum Toads, a reward that gives its bearer access to the DigiToads treasury. This will ensure that only the top traders have control over the DigiToads treasury and will also motivate traders to sharpen their skills and become better market participants.
Aave is a decentralized cryptocurrency platform that uses smart contracts to revolutionize the way people borrow and lend crypto. Aave automated the borrowing and lending process including the distribution of funds, handling of collateral, and assessment of fees.
One of Aave's standout features is its specialization in over-collateralized loans. To secure a loan, users are required to deposit cryptocurrency assets worth more than the borrowed amount. This system safeguards the lenders from potential losses caused by loan defaults, as Aave can liquidate the collateral if its value significantly declines.
The Aave platform has a native cryptocurrency known as AAVE. AAVE token holders can trade their tokens on different cryptocurrency exchanges to make some profits. They can also stake their AAVE on the Aave platform to earn interest while also participating in the proof of stake consensus algorithm that forms the foundation of Aave.
Since Aave uses smart contracts, it eliminates the need for intermediaries in the lending and borrowing of crypto. This creates a trustless and efficient lending ecosystem. Lenders can deposit their crypto assets into the platform and earn interest which is paid out by borrowers, while borrowers can access the funds they need at a fee.
Polkadot is a blockchain protocol that connects different blockchains to allow data and value to be sent across different networks that would otherwise be incompatible. For example, with Polkadot, you can easily pass data from the Bitcoin blockchain to the Ethereum blockchain, two blockchains that would otherwise not communicate.
The Polkadot infrastructure is made up of a main blockchain known as the relay chain and many user-connected parallel chains known as Parachains as well as a bridge that is sued to connect to different blockchain platforms and in some cases, some non-blockchain databases.
Because of the Parachains, Polkadot can process more than 1,000 transactions per second, a number that keeps growing as more Parachain are added to the Polkadot ecosystem.
Polkadot has been a well-performing cryptocurrency since its launch, and if its price prediction is anything to go by, Polkadot is one of the best coins to buy right now.
Aave and Polkadot are well-established coins that have been in the crypto market for some time now. However, newcomer DigiToads is the way to go if you are an investor interested in buying a lowly-priced cryptocurrency that has the potential to become a top cryptocurrency. The DigiToads presale is still ongoing, so this is the best chance to join in on the ground floor and stand a chance to make the most profits.
