The time when cryptocurrencies weren’t considered a “real” asset is long gone. With a user base that spreads across countries and comprises over 420 million people, cryptocurrencies have proved that when it comes to earning market returns they are as good at the job as any other mainstream financial instrument. A recent report has also estimated that the global cryptocurrency market would be growing at a CAGR of 11% over the next five years – that’s way above what your money can fetch in interest if you let it sit idle in your bank account. Once you start exploring the cryptocurrency market you’ll notice the variety that it offers. Many of these tokens have posted jaw-dropping returns that have surprised many. Take the example of DigiToads. It’s a meme token that goes beyond an average meme-based crypto coin to offer you enhanced utility. By registering record presale funding even before its presale stage ends, DigiToads has garnered a global fan following for itself. Even cryptocurrency analysts are quite upbeat about their outlook for the token as they believe that it has the potential to cross the 20x level in the coming months. Like DigiToads, there are many other projects that can cater to your requirements while even diversifying your portfolio. The following list features four high-growth tokens that are potentially set to explode in 2023.
1. DigiToads: A hybrid approach toward decentralized finance
It’s no secret that DigiToads’ rising popularity could largely be attributed to its hybrid economic design that channels the strengths of different crypto models. The decentralized platform was developed by merging a meme token, a staking mechanism, and a play-to-earn game, which gives it a nuanced functionality. With DigiToads, you get the utility of three cryptocurrencies. If you are exclusively looking for a cryptocurrency for beginners, DigiToads can be a good fit as you can learn staking, trading, and participating in Web 3.0 games on a single platform. What’s more, is that there are regular giveaways and prize draws where DigiToads users can look forward to bagging attractive prizes. Many experts have predicted a potential price rise for the TOADS token after it gets listed on mainstream exchanges.
The platform’s native token TOADS is the main cryptocurrency on the network. Featured on some of the best ico websites on the internet, the TOADS token is a versatile cryptocurrency that’s your ticket to the DigiToads ecosystem. Its supply might be capped at 585 million, but only a portion of the total stock will be used for its presale stages. The presale process is currently in its 7th stage and the project has attracted many buyers in its previous presale phases. Given how fast its presale stages are selling out, the TOADS token is currently enjoying pride of place in leading analysts’ best new ico list.
Another distinctive fact about the TOADS token is its deflationary model. As a deflationary token, the supply of TOADS coins is always kept below its demand in a bid to control price fluctuations. The tokens are kept scarce by burning them via regular ‘token burn’ events. The main benefit of this model is that a token holder doesn’t have to worry about losing their returns to market volatility.
Many crypto users consider DigiToads as one of the best cryptocurrencies to invest in because of its community-centric approach. With its decentralized governance structure, it gives community members ample opportunities to contribute to its growth. One of these opportunities is the trading contests that it organizes every month. In these contests, the winners stand a chance to train with the DigiToads team to learn all about how to manage the treasury fund. Once they become skilled at the job, they will be helping the team manage the treasury on an everyday basis. To win these competitions, traders compete to register the highest trade volume in a given month.
The DigiToads team has planned several initiatives in the coming months that will benefit its community members and also contribute towards spreading the word about the platform. For instance, the team is working on launching a think tank where knowledge sessions on cryptocurrencies will be held to help community members learn more about these blockchain-based assets.
2. NEAR Protocol: Reimagining Web 3.0
NEAR Protocol is a dependable cryptocurrency for beginners which lets developers have a free hand with their creativity and deploy powerful dApps using its cutting-edge Web 3.0 tools. With NEAR Protocol, developers can look forward to building dApps that can run on any blockchain network. By leveraging the NEAR blockchain operating system (BOS), developers would also be contributing towards creating a more accessible web. Its native token is NEAR which is used for various transactional purposes on the network. The BOS gives NEAR Protocol an edge as the tools are easy to use. Developers can look forward to coding in a language that they know – JavaScript. What’s more, is that it lets developers connect with users directly as their dApp is stored and hosted on a blockchain. Plus, they can build dApps on any blockchain network and not just Ethereum. These services are provided at an affordable fee. The Layer 1 blockchain was developed to remove challenges that limit Web 3.0 adoption. These challenges include low throughput, lack of interoperability, and reduced speed of transactions. The focus on rooting out these problems has enabled NEAR Protocol to offer a conducive environment for building dApps that are secure and user-friendly.
3. Polygon: The best among Ethereum scaling solutions
Polygon is a popular altcoin that has been driving impact with its set of Web 3.0 solutions that make it easy for developers to scale their dApps on the Ethereum network. These Ethereum-friendly scaling tools balance security with utility without costing a lot. The platform’s native token is MATIC and it’s the main cryptocurrency on the network. Moreover, to help developers learn new skills, the platform has rolled out the Polygon University where one can access tutorials, guides, and documentation. Plus, with the support of a thriving community, developers get the chance to pick up new skills. They can also seek inspiration by exploring projects live on the Polygon ecosystem. The network’s claim to fame is the wide array of tools that developers can access on it. One of the most popular ones is Polygon PoS which hosts thousands of dApps that process an average of 3 million transactions every day. Securing assets worth $5 million, Polygon PoS has won over some of the top global brands who are deploying their dApps on it. With Polygon PoS, developers can scale their dApps seamlessly because of their high speed while processing transactions. Thanks to its proof-of-stake code architecture, the average cost that a user will have to pay for each transaction would be as low as $0.015.
4. Sango: Power In CAR’s blockchain revolution
SANGO is one of the best crypto investment options that 2023 propped up as it is empowering not just a single individual but an entire nation. Built on the Bitcoin blockchain, the SANGO coin is the official digital currency rolled out by the Central African Republic (CAR). The virtual asset is backed by a reserve of Bitcoin’s BTC tokens. What stands out about cryptocurrency is that it not only fulfills various transactional uses but also is used for various citizenship-related use cases. For instance, by holding the SANGO token, you can apply for CAR citizenship by depositing tokens worth $60,000 for five years as collateral. Once the lock-in period ends, the tokens will be returned to their owners. By applying for citizenship as a SANGO token holder, one also doesn’t have to pay any tax on cryptocurrencies in the country. Plus, you get an official passport and various welfare benefits offered by the country’s government to its citizens.
With its cryptocurrency, the CAR government is also looking to decentralize land ownership in the country. If you spot a property in the CAR that you are interested in, you can purchase it using the SANGO coins. All you have to do is to lock SANGO coins worth $10,000 for a 10-year period. The tokens are returned after 10 years. CAR happens to be the first country to offer an e-residency programme that’s backed by a cryptocurrency. One can apply for this e-residency programme simply by locking tokens worth $6,000 for three years. The SANGO coins are used as collateral after the three-year period ends. Once your e-residency is approved, you can register your company online in the CAR without going through the hassles of bureaucracy or submitting any paperwork.
Conclusion
These four tokens have been blazing a trail in the global cryptocurrency market with their state-of-the-art features. What adds to their draw is that they can be used by both experienced as well amateur crypto users because of their user-friendly interfaces. However, if you are looking for the best coin to invest in, it’s important to also check out what analysts are saying about the token you are considering. Among the above-mentioned cryptocurrencies, the one token that seems to be winning over analysts across the world is DigiToads. The toad-themed token has received glowing reviews from market experts with a special mention for its hybrid economic design. In these reviews, analysts have mentioned that DigiToads is likely to outperform several popular alternatives because its model can drive growth in the long term. In addition, using any of the multiple options, TOADS token holders can create a sustained income stream with the platform.
At the same time, it’s important to note that the cryptocurrency market is often susceptible to changes due to its exposure to the global economy. Thus, if you are interested in choosing a cryptocurrency, the first thing to do is to research it. You can easily go on the internet to read up about a cryptocurrency and analyze any potential risks that might be associated with it. Once you are convinced of your choice, you can make an informed decision.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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