The market has retraced harshly with nearly $400 million in liquidations as the SEC deems various altcoins securities leading Robinhood to delist them, and large crypto entities have begun another mass sell-off. Still standing tall, Bitcoin (BTC) and Ethereum (ETH) shake off selling pressure and totally defying the prevailing trend DigiToads (TOADS) continues to track higher. The market has presented investors with another buying opportunity, and TOADS looks to be the best bet in the contemporary climate.
DigiToads (TOADS) Keeps Ripping
DigiToads cannot be stopped! This nascent DeFi superstar continues rallying, and the presale has already amassed an impressive $4.8 million. DigiToads has been one of the largest net gainers of the influx of liquidity into DeFi, and with its multi-faceted approach to earning, it shows no signs of slowing down.
The Swamp (the DigiToads ecosystem) provides a play-to-earn game where investors can battle toads against one another, leveraging in-game items to improve their chances of being amongst the top-ranked 25% of players. These players will win a seasonal prize pool, only one of the opportunities to earn real money within The Swamp. Additionally, all TOADS holders will receive an airdrop from the proceeds of the in-game store, ensuring the whole ecosystem thrives together.
But TOADS keeps being mentioned as the best crypto to buy because of the revolutionary NFT staking mechanism it has introduced. Toad NFT holders can earn by staking their NFTs with 2% of every transaction within The Swamp funding the staking pool.
The Platinum Toads initiative will grant remote access to the TOADS treasury to the twelve best traders selected through on-chain competitions. DigToads will incentivize these users to expand the treasury by giving them 10% of trading profits, allowing the entire ecosystem to expand aggressively. And with TOADS’ deflationary nature (smart contracts burn 2% of each transaction), it provides an excellent store of value through these volatile times.
The doxxed team behind DigiToads has created an incredible suite of features that all feed wealth into The Swamp and, subsequently, TOADS holders. Already forecast to soar 600% in the coming weeks, TOADS is definitely one of the altcoins to watch!
Bitcoin (BTC) Slows Down
Bitcoin (BTC) has held steadier than most of the market, but even Bitcoin (BTC) shows signs of slowing down under immense sell pressure. Bitcoin (BTC) has a larger market cap and far better liquidity depth than DeFi coins, which allow it to consume sell pressure more readily.
As more nations adopt Bitcoin (BTC) and the dollar looks increasingly unsteady as a global reserve currency, perhaps in the coming decades, Bitcoin (BTC) may even become the world reserve currency.
As expected, Bitcoin (BTC) dominance continues to rise as altcoins bleed more heavily, and outside of exceptions like DigiToads, this trend will likely dominate in the coming weeks. Analysts remain bullish on Bitcoin (BTC), signaling an expected range between $49,807.79 and $58,351.38 in 2024.
Ethereum (ETH) Shakes Off Selling Pressure
Ethereum (ETH) has been performing excellently relatively, home to DeFi and cool NFTs. So far, Ethereum (ETH) has shaken off all selling pressure. The advances in Ethereum (ETH) tokenomics and overall business model have certainly helped. EIP-1559 has been burning $ETH, and Ethereum (ETH) staking has been up only allowing users to earn yield denominated in $ETH, which some analysts have even called the new risk-free rate.
Price predictions for Ethereum (ETH), although not as impressive as the forecasted gains for TOADS, remain decent, with an expected range between $3,295.44 and $3,991.83 in 2024.
Closing Thoughts
In a sea of red, TOADS continues to shine bright, and the natural next question is will TOADS be the top ICO of 2023? Judging by its trajectory, the likelihood points to this conclusion. Several senior analysts expect TOADS to become one of the top altcoins when its passive income streams start paying dividends to investors. As TOADS continues climbing throughout its presale, investors can join the journey before TOADS launches on major centralized exchanges and heads toward the stratosphere.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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