The cryptocurrency market has been making rapid strides with innovative coins to post some impressive results. Expected to grow at a CAGR of 11% over the next five years, the global crypto market poses an unmissable opportunity for anyone who’s looking to secure their financial future. What sweetens the deal is that there are many altcoins to watch out for. There are tokens like Polygon, DigiToads (TOADS), Aave, Chainlink, and Eos which analysts feel can potentially grow by 100x. While Polygon, Aave, Eos, and Chainlink are popular altcoins, DigiToads is a relatively new entrant into the crypto market. It might have just been a few months since DigiToads was launched but it has already bagged a spot in leading analysts’ best cryptocurrency ico lists for 2023.
DigiToads: Boosting passive incomes with hybrid DeFi
DigiToads is a state-of-the-art crypto project that offers its users a wide range of opportunities to earn residual income. It makes this possible with its hybrid DeFi model which has been developed by merging the features of three different cryptocurrencies. So, you can stake, trade, play Web 3.0 games and win tokens, participate in various other competitions, and even bag tokens for your participation on the platform.
The Ethereum-based meme token is making waves with its hybrid DeFi model and the multiple opportunities of earning passive income its model can facilitate. Another factor that’s drawing many users to DigiToads is its presale growth. In the presale process which has not long hit its final stage, DigiToads has sold 92% of their allocated tokens to this stage. Its presale funding currently stands at $6.2 million.
The platform’s native cryptocurrency is the TOADS token and it’s used for all transactional use cases on the DigiToads network. The TOADS token has a deflationary model which safeguards users’ returns against market volatility. Under a deflationary token, the token supply is always kept below the demand and any extra tokens are burned. The mechanism minimizes price fluctuations by keeping the token supply scarce.
DigiToads’ play-to-earn game is among its best features. The game has 12 seasons in a year. In every season, the highest scores are given TOADS tokens as a prize. The game is set in a Metaverse swamp with arena-style challenges. Players have to score high by defeating their rivals. They can buy or trade digital creatures with supreme strength and unique powers which are called DigiToads. The other in-game assets that players can buy for improving their chances of winning are food, potions, and training equipment for their DigiToads.
Fair.xyz and Polygon to collaborate for NFT mint
Polygon is a leading crypto project that is making zero-knowledge technology more accessible to developers interested in scaling Ethereum-based dApps and decentralization. tools. Its native token is MATIC and it serves as the medium of exchange on the network. In a recent development, Polygona and Fair.xyz announced a new collaboration to launch a limited-series NFT mint. This could help in ensuring a long-term bullish rally for the MATIC token as per experts.
Aave-powered Lens Protocol rolls put an upgrade
Aave is a leading liquidity protocol where one can lend or borrow crypto assets and even build cutting-edge dApps. Its native cryptocurrency is AAVE. In a recent development, Lens Protocol – a social media platform powered by Aave – rolled out a new feature in its latest version V2′. This upgrade includes the ‘blocking’ feature with which users would be able to block other users on a blockchain.
Here’s why you should consider holding Chainlink
Chainlink is one of the best cryptocurrencies to buy in today’s market as it enables developers to connect data and APIs with smart contracts. To facilitate interactions between data or APIs and smart contracts, Chainlink leverages cryptographic proofs, trusted nodes, and quality data. Its native cryptocurrency is LINK. In the recent past, the LINK token has produced gains for its users with positive price action. On the basis of market indicators, analysts feel that the LINK token is likely to stay bullish in the short term.
Whales accumulate EOS to trigger a potential bull rally
EOS is a blockchain-powered platform where developers can access high-performance tools for building scalable and secure dApps. It leverages the delegated proof-of-stake consensus protocol and has a native cryptocurrency called EOS. Despite its popularity in the past, the EOS token has been subjected to negative price action. Based on their assessment of the data, analysts feel that the token might be finally heading for some positive price action in the upcoming months.
Conclusion
If you are confused about what cryptos to buy now, Polygon, DigiToads, Aave, Chainlink, and Eos are high-potential projects that can help you mint new gains for your portfolio in the long term. However, if you are keen on a crypto token with long-term growth potential, analysts would suggest DigiToads to you. The multi-faceted cryptocurrency opens new doors for people looking for passive income. Be it staking, trading or even winning tokens in Web 3.0 games, any of these opportunities could be turned into a steady source of income over the long run.
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