Crypto analysts are like sports scouts looking for the next big talent that can shake up the industry. Everyone can say something about Bitcoin or Ethereum, but identifying the proverbial diamond in the rough is the essence of expertise in this sector. Some are rightfully looking at DigiToads as a project that fits this description.
Becoming the next 300X or 1000 X crypto does not come from imitation only. There are already multiple types of crypto projects that serve different ideological needs. Therefore, new projects seeking to break out must offer something different. Such a distinction will get investors’ interest from the middle of a crowd. DigiToads has started its presale strong as it looks to actualize its vision.
Strong interest in the presale
The presale stage is precarious for many startups. It is the first time the development team puts their ideas to the market to test the reception. That situation is more delicate in a difficult market where incumbents provide a sense of stability for investors.
For DigiToads however, it has been a breeze. This project has got off to a historic presale and has already raised $4.85 million in only a few weeks of its presale. The numbers indicate strong investor interest in the burgeoning project.
TOADS is currently retailing for $0.042 and will soon be at $0.047 in the next stage. These gradual increases factor in investor uptakes and show just how many are coming on board. DigiToads has sold more than 90% of the tokens available for the presale, and investors who got in earliest have already made over 140% gains.
A memecoin with an edge
DigiToads is gaining traction because of its difference from existing memecoins. Dogecoin and related projects. A typical memecoin has no roadmap or utility and is more or less a joke crypto coin. DigiToads looks to have the best of both worlds by having a fun meme-able side and creating value in a unique ecosystem.
Accordingly, DigiToads is launching a play-to-earn ecosystem that incentivizes participation. This model will make DigiToads an ecosystem like Axie Infinity with the additional possibility of collecting in-game NFTs. Users nurture digital toads in a swamp metaverse to become stronger and fight for their precious habitat against various threats. Players can also stake their NFTs for a share of TOADS transaction fees. Accordingly, the NFTs are not merely junk additions but have value to a player.
Does Shiba Inu have more in the tank?
Dogecoin took about six years after its launch in 2013 to go ballistic. Once that happened, there were pretenders to the throne that emerged. The most successful of these was Shiba Inu launched in 2020 by a group called Ryoshi. Shiba Inu couldn’t make it less obvious that it was a Dogecoin copycat, with its name being the Dogecoin logo.
Shiba Inu did pretty well in the bull market but has since plateaued. It doesn’t look likely to dethrone Dogecoin as it offers nothing unique from its more renowned elder sibling. Shiba Inu has done well to become a notable memecoin, but its growth is still subject to cyclic market confidence.
Conclusion
DigiToads could have gone the easy route and become another Dogecoin imitator in the market. This strategy has worked fine for Shiba Inu, but it has yet to show its resilience in a struggling market. DigiToads has taken the bold approach of aiming to create something completely unique and distinct in the market.
Accordingly, investors see DigiToads as a candidate for the next 300X crypto. The results of the presale are already putting early investors in this territory; it will be fascinating to track DigiToad’s progress after launch.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.