.png){kind=logo}
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Any regulatory clarity or any positive development in the crypto industry positively reflects the prices, and this is not a shock. Thus, it's unsurprising that the almost three-year-old XRP-SEC battle's conclusion hyped the market, especially XRP.
Meanwhile, crypto community attention is drawn toward the new meme coin gem, DigiToads (TOADS), which has already experienced a 400% price surge and is preparing for its official launch. So, let's discuss these two hottest topics of today's crypto market in more detail.
The protracted face-off between Ripple Labs and the SEC over the classification of XRP has finally found its resolution. In a landmark judgement, Judge Analisa Torres of the Southern District of New York asserted that XRP, while not a security for general public sales, could be categorised as such for prior institutional sales.
This verdict, seen as a victory for Ripple Labs and the wider crypto community, has pushed XRP's price up by 78% in the first few days. However, the trend slowed down shortly, with XRP now priced at $0.72.
A slowdown in trading volume hints that this bullish phase could be nearing its conclusion, potentially triggering a price reversal. However, the development around the project is still a massive victory and confidence boost for Ripple and its investors.
The exciting ecosystem of DigiToads evolves around the virtual landscape "Swamp", which hosts an engaging Web3 game, Toad Cade. Here, players are responsible for nurturing their Toad avatars, training them for monthly contests. Those who rank in the top 25% share half of the prize pool, a considerable reward for their efforts.
Notably, DigiToads breaks the mould by introducing NFT staking, creating another stream of passive income for its investors. Moreover, the DigiToads team organises monthly on-chain trading competitions, understanding that vibrant trading activity fuels a project's growth. Winners receive a VIP Platinum Toad, which can be exchanged for a slice of the treasury funds to trade and secure 10% of the profits.
What sets DigiToads apart from many other meme coins is its deflationary nature, further strengthened by its auto-burning mechanism. Adding to this distinction, the project contributes 2.5% of its profits towards reforestation efforts in the Amazon, showing a commitment to the natural habitats of real toads.
DigiToads takes pride in its community-centred ethos. Unlike other meme coins, the mascot for DigiToads isn't an existing meme but will be designed and chosen by the community. This community involvement extends to DigiToads' operation as a DAO, where developmental decisions are made collectively.
As the launch of this hyper-deflationary token nears, the price, currently at $0.05, is scheduled to reach $0.055. With a price surge of 400% already witnessed, analysts predict a continued uptrend post-launch, fueled by the project's unique features, upcoming DEX, and the highly anticipated game.
With regulatory clarity on the horizon for XRP, investors are watching closely for its potential upswing. Meanwhile, DigiToads is drawing considerable attention, reshaping the standards of what a meme coin can be, and it's not just humour and hype. With its innovative features, such as play-to-earn gaming, NFT staking, and on-chain trading competitions, DigiToads is more than just another meme token – it's a full-fledged ecosystem. Its soaring price is a testament to its potential, with analysts predicting an even greater 50x and higher surge post-launch.
