It has been a brutal couple of weeks for altcoin holders. First, the SEC deemed most of the top altcoins securities, which led to market panic and a mass sell-off. Then BlackRock announced its filing for a Bitcoin Spot ETF, causing traders to rotate funds into $BTC preempting large influxes of liquidity from TradFi.
But seasoned traders already know the pattern and see it playing out. Money first flows into $BTC, then Ethereum (ETH) leads the market, money flows into large caps, and finally, smaller altcoins go on tears. Welcome altcoin season.
However, not everyone is invited to the party. Shiba Inu (SHIB) suffers from a market downturn as rumors spread that the project's lead developer Shytoshi Kusama will step down soon. But on the flipside, smaller projects like DigiToads (TOADS) appears to be a promising venture. Toads at its current pace will be the star of the incoming altcoin season.
DigiToads delivers a masterclass in value accrual and community focus, that other DeFi projects should take note of. The Swamp (the DigiToads ecosystem) perfectly encapsulates the idea of flywheel economics and accrues value constantly to distribute to TOADS holders.
The Swamp features several exciting elements, including a play-to-earn game called Toad-Cade, where players can battle it out with in-game NFTs, with the top-ranked players taking home a portion of the prize pool each season. Better yet, a percentage of the funds generated by the in-game store get airdropped to holders every season- every TOADS community member earns!
But by far, the most novel developments this nascent DeFi star has introduced are the Platinum Toads initiative and its NFT staking mechanism. The Platinum Toads initiative is one of the most aggressive Treasury building strategies ever seen in DeFi, with 12 of the most-skilled traders picked from the community each month and given responsibility over 1/12 of the Treasury. These traders keep 10% of profits and, by trading on ERC20 coins, can rapidly expand the TOADS Treasury.
The NFT staking mechanism pays out consistent dividends to community members who manage to acquire one of the 3,500 NFTs DigiToads will release throughout the presale. Due to the passive income provided, analysts have already named these toad-themed digital collectibles some of the coolest NFTs to own.
How are these payouts funded? Toad Tax. The sophisticated economics underpinning TOADS ensure a constant flow of capital throughout the protocol, and better yet, the protocol burns 2% of every transaction introducing a protocol-level enforced scarcity element to TOADS.
Analysts forecast 1,400% gains in the coming weeks, and TOADS has already been earmarked as one of the best cryptos to buy now before the altcoin season kicks off.
Shiba Inu (SHIB) has recently seen incredible technical success with the introduction of Shibarium, a native layer two chain for the ecosystem. The testnet has executed more than 21 million transactions, and Shiba Inu (SHIB) holders can finally swap between $SHIB and the other ecosystem tokens $BONE and $LEASH on a cost-efficient basis.
However, the news that the lead developer behind Shiba Inu (SHIB), Shytoshi Kusama, will leave the project has dealt a heavy blow to sentiment. Analysts revised their price targets following this news forecasting a more conservative range between $0.00001336 and $0.00001688 for Shiba Inu (SHIB) in 2024.
$BTC, $ETH, large caps, small caps. The cycle and players change, but the flow of capital remains the same. What are the best altcoins to accumulate now? Investors should be rushing head over heels to accumulate small-cap alts with solid value propositions- projects like TOADS.
Looking at the presale data, DigiToads has already raised a staggering $5.7 million. As well as being a contender for one of the best performers in the coming altcoin season, it could also be the year's top ICO. Investors who wait will miss this opportunity; participate in the TOADS presale today and join the journey!
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