DigiToads is in the middle of a historic presale. It’s performance and overall structure of the project endear the TOADS token to many seasoned investors. Some of these prominent investors are Ripple and Polygon advocates.
A presale is a crucial stage in the launch of any cryptocurrency project. It allows investors to come in when token prices are still lower and potentially make a killing when it appreciates after the full launch.
DigiToad’s presale
The memecoin landscape has another landmark project with the introduction of DigiToads. Notably, this project has an extra dimension with the addition of utility to the memecoin scene.
DigiToads kicked off its presale a few weeks ago and has already raised over $4.7 million in token sales. The presale is exciting because token prices keep rising with each of the ten stages of the presale. By the end of the presale, those who got in at the earlier stages get a significant upside by the time it goes to full launch.
The utility of DigiToads comes from its play-to-earn gaming ecosystem. This game features a metaverse swamp ecosystem where players nurture digital toads for a chance to win rewards and collect NFTs in the game. Additionally, the players can stake their NFTs, which preserves their value and creates additional revenue streams.
Accordingly, DigiToads is going beyond what a typical memecoin does. It has both a fun and memeable angle and offers practical utility to users. Consequently, crypto investors with an eye on projects with great potential have it on their radar.
XRP yet to reach expectations at inception
Ripple started with tremendous promise. It launched in 2012, just before the golden crypto era, and for long seemed like the project that would scale blockchain payments globally. The XRP token is a rapid settlement cryptocurrency offering businesses an efficient tool for accepting digital payments. There were bold predictions during the 2017 crypto bull run that Ripple would become the first truly global cryptocurrency overtaking Bitcoin and Ethereum.
However, Ripple Labs almost got crippled by a lawsuit filed by the Securities and Exchange Commission (SEC). The SEC claimed that Ripple violated US Securities laws by offering the token to investors. Even though the case is likely to end in Ripple’s favor, it deflated momentum from Ripple. It has since recovered somewhat but has yet to become an immediate competitor to Bitcoin and Ethereum, as it once seemed. Accordingly, Ripple whales are looking for new digital assets with less baggage, like DigiToads
Polygon rose above other Ethereum Layer 2 solutions
Ethereum’s scalability problems gave rise to several solutions that sought to provide support. Matic (now Polygon) was one of these solutions that emerged to provide a secondary blockchain (Layer-2) that eases the load on the Ethereum blockchain.
This scene soon became competitive, and Matic looked to rebrand and created its unique identity. Polygon is the hub for creating interconnected blockchain networks utilizing Plasma technology. Accordingly, developers can launch interoperable blockchains on a network without the scalability and expenses of Ethereum. Besides, the blockchains and applications on Polygon can have more functionality than those on other smart contract blockchains. This way, Polygon has distinguished itself from other Layer 2 solutions and created a broader identity for itself. Accordingly, the MATIC token got significant traction, but this performance has tapered off somewhat with the crypto bear market in the past twelve months.
Conclusion
DigiToads is the new kid on the block, far outperforming expectations in its first few weeks. Ripple and Polygon both had their moments in the market where they looked like they would shoot to the very top, but investors in the two projects are now looking at the TOADS token for similar potential.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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