Negative price increases have hit Monero (XMR) and Cardano (ADA) sounding an alarm to investors. Meanwhile, DigiToads is soaring–it is up 390% since launch. While still in the presale stage, the coin is eyeing a place in the top 100 crypto coins. It has all the characteristics to be one and is emerging as a suitable alternative for those looking for something with high growth capability, amid market turmoil.
Read more to know why DigiToads continues to impress and the strong volatility affecting Monero (XMR) and Cardano (ADA).
DigiToads presale has proved that meme coins can be the driving force of the crypto market that is looking for motivation, following pressure from the SEC and other regulatory bodies worldwide. Since its launch, the token has enjoyed growth, and it is up to 370%. While the markets haven't been kind to many projects, the dual appeal nature of DigiToads has kept it going. So far, it is in the final stages of a presale that has earned over $5.8 million.
Recently, the coin has made its TOAD NFTs available in OpenSea and mintable on its website. The NFTs bring to life the project and provide everyone in the community with something to connect with within the swamp metaverse. The metaverse is rife with many activities, P2E being a considerable highlight. Those taking part in the games will have an additional source of income if they top the leaderboards.
A gaming season lasts a month; it provides plenty of activities for everyone in the community. In-game purchases drive gaming activities and are a good revenue source for the budding DigiToads project. The purchases furnish the much-needed income for the project and also reward gamers for their effort.
Beyond gaming, the metaverse project promises a sustainable ecosystem that will withstand any storms. The project stands on viable tokenomics that involve a burning feature. Token burns will eliminate excess tokens at the right moment to maintain the financial health of TOADS. In addition, the project is based on democratic principles that allow people to come in and exist as they desire. The exciting project is worthwhile for investors.
Taxes on various activities on the platform power several staking pools. Each pool works to maintain a healthy circulation of TOADS, indispensable for the project as it continues to mature. The steps taken to guarantee financial health are showing early success as the project is poised to hit 450% growth on launch.
Cardano's June closing price has been disappointing. It has lost nearly 30% in the backdrop of a legal pursuit against the securities exchange. The SEC included it in a list of unregistered securities, making it more volatile and prone to market pressure. Since 2021, the coin's related derivatives have been on a growing trend. However, since the attack from the SEC, the derivatives have seen a drop, falling to about $111 million.
Investors haven't taken kindly to the developments facing ADA, and are keenly looking for alternatives. If they leave in droves, it might pile more pressure on the coin.
The markets have started to show signs of rebellion against privacy-focused tokens like Monero (XMR). Such coins have taken the attention of the SEC, which is hotly under the pursuit of some unregistered securities. FUD (Fear, Uncertainty, and Doubt) has pushed top crypto exchanges to delist such commodities in countries with harsh crypto laws. Since the crackdown, Monero has seen drops topping 15.635% in daily charts according to CoinMarket cap.
Monero (XMR) and Cardano (ADA)'s poor runs highlight a highly regulated crypto market in the years to come. The SEC is pursuing unregistered securities trading as tokens. Meanwhile, DigiToads is showing resilience amid the turmoil. Its strong run gives it all the ingredients as a Token deserving the top 100 position.
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