If the summer of 2023 will be remembered for anything in history, it would be the season when meme coins took over the market and stunned everybody with their stellar performance. Over the past few months, Shiba Inu, Floki Inu, and DigiToads (TOADS) have made strides with their rallying prices. While Floki Inu and Shiba Inu have been around for some time now, DigiToads’ rise to popularity came as a surprise to many. Just a few months since its launch, the Ethereum-based crypto project has already raked in over $ 6.1 million in presale funding and shows no signs of slowing down. This hybrid DeFi model springs up a wide array of opportunities for crypto users to earn passive income.
DigiToads: A meme coin promising long-term gains
DigiToads is a multi-dimensional crypto project that has been making waves with its hybrid DeFi model which sports the functionality of three tokens. By participating in its latest ico, you can look forward to exploring opportunities like staking, trading, Web 3.0 games, trading competitions, and weekly or daily prize draws. Plus, you will be rewarded for your active participation.
The TOADS token is the native cryptocurrency for the DigiToads ecosystem. Modeled on Ethereum’s ERC-20 standard, the TOADS token has a deflationary character. Hence, it is instrumental in shielding users’ returns against price fluctuations or volatility in the markets. This is done by always keeping the token supply scarce and destroying any extra tokens in circulation.
You can buy the token on presale as the process is still in progress. With eight presale stages complete and two more left, the cryptocurrency ico has sold almost 96% of the tokens allocated for the presale stages.
The DigiToads team has lined up an array of projects that will be rolled out over the next few months and will boost its reach. The most exciting one is DigiToads’ official merchandise range for community members. The sale proceeds from this range will be donated to support projects aiming at the preservation of rainforests and replanting of trees. The team will also be donating a small portion of the annual profits for supporting the cause of environmental conservation.
What are analysts saying about Floki Inu?
Floki Inu is a dog-themed meme coin that has been giving many new altcoins a run for their money with its state-of-the-art features. The Floki Inu ecosystem has a native cryptocurrency that’s called FLOKI. The Floki Inu team has been working on flagship projects that are likely to ramp up the network’s functionality. Valhalla is an NFT-based gaming Metaverse and another flagship project is an educational and content-based resource which is called the ‘University of Floki’. Over the past few weeks, the FLOKI token has been witnessing positive price action which has led analysts to maintain a bullish outlook towards it.
Bitrue announces staking pool for Shiba Inu users
Shiba Inu is a top crypto to invest in that’s inspired by a dog breed native to Japan. It’s one of the most-traded meme coins that boasts a user base that’s spread across the world. The Shiba Inu team has rolled out three tokens for different use cases. The first is SHIB which is the main utility coin, the other is BONE which is the governance token and its holders can participate in voting for proposals dealing with operational matters. The third token released by Shiba Inu is the LEASH token. This crypto coin has been designed to incentivise loyal supporters of Shiba Inu and it paves the way for exclusive perks and rewards for its holders to enjoy. In recent news, leading crypto exchange Bitrue rolled out a staking pool for the SHIB token. Token holders can stake even LEASH and BONE tokens and receive an annual percentage yield of up to 10%.
Conclusion
If you are looking for the best altcoins for 2023, what is the one non-negotiable parameter that you won’t overlook? If you ask analysts, it should be a token’s growth potential as a token with the capacity of earning long-term gains can secure your future too. Between Shiba Inu, Floki Inu, and DigiToads, analysts feel that DigiToads has higher growth potential because of its hybrid DeFi model. Combined with the multiple opportunities to earn passive income and a decentralized governance structure, DigiToads is the ideal crypto project for earning long-term gains.
