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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Meme coins seem to be the new darling of the crypto market as crypto users are seen rushing in large numbers to get their hands on popular meme-based tokens like Dogecoin. Being one of the earliest meme coins to be rolled out in the world, Dogecoin has a loyal fan following across the world. However, analysts feel that there is another meme coin that can outperform Dogecoin and even has the potential to grow by 100x in the coming months, namely DigiToads (TOADS). Powered by Ethereum, DigiToads is a meme coin enthusiast's dream come true. It's packed with features and offers multiple opportunities for its users to earn passive income. Its presale growth is another reason why it has been hitting the headlines. Currently in its last presale stage, the project has raised over $6.4 million in presale funding. The feat has earned it a spot among the best new icos of 2023.
DigiToads is an all-rounder cryptocurrency that allows its users to explore the full potential of hybrid DeFi with a user-friendly interface. The top altcoin packs the efficiency of Ethereum with its cutting-edge features that ensure that users can seamlessly enjoy all opportunities offered by the platform.
With DigiToads, one can stake NFTs, trade tokens, play Web 3.0 games, win crypto rewards in contests, bag tokens for active participation, and even enter prize draws.
All rewards will be paid in terms of the platform's native cryptocurrency — the TOADS token – which is built using the ERC-20 protocol. The TOADS token has a total stock of 585 million tokens.
What many people don't know about the token is that it can shield their returns when the market is volatile. Being a deflationary coin, the TOADS token's supply is regulated in a way that it always stays scarce. If this status quo is disturbed, all extra tokens in circulation are burned or destroyed during the 'token burn' events. As the supply stays scarce, there are minimal fluctuations in the token price.
If you are new to the world of DeFi and are looking to get started with cryptocurrency trading for beginners, there is a lot that you can learn with DigiToads. The platform's team holds trading contests every month. Participants have to trade actively throughout the competition and the user with the highest trade volume will win. The winners share the profits with the platform and also get to learn about DigiToads' treasury and how it is managed.
In the coming months, the DigiToads team has several projects that will be launched. These include an official merchandise range and an online think tank. At this think tank, NFT owners will be able to attend sessions on cryptocurrencies.
A notable factor about DigiToads is its team's commitment to sustainability and preserving the environment. The team has decided to donate the proceeds generated by the sale of the merchandise to an organization that's working to save the environment and rainforests.
Dogecoin is an animal-themed meme coin that has a global user base. Its native token is the DOGE token. It is one of the most popular cryptocurrencies and has a vibrant community. The Dogecoin token can be mined and does not have a capped supply. The DOGE token has been in the news for the positive price action that it has been witnessing in the recent past. Analysts who have been reviewing its performance feel that it has the potential to continue with its bullish performance in the coming months.
If you are confused about what crypto should I buy, Dogecoin and DigiToads are dependable projects to choose from. The success story of the two meme tokens shows that taking the road less traveled is often worth the patience. However, if you ask analysts, a lot of them feel that DigiToads has an edge over the other meme tokens due to its growth potential. Backed by a hybrid DeFi model, DigiToads can open new avenues for earning residual income. Moreover, its decentralized governance mechanism involved community members in all aspects of decision-making. The approach not only makes crypto users feel valued but also encourages them to act in the best interests of the platform.
