Sifting the crypto markets for projects with upside is an everlasting affair. As autumn gives way to summer, crypto traders are hoping that markets will finally shake off the demons that have haunted the sector for a year. DigiToads is one of the projects leading this charge, with a strong showing in its presale.
Altcoin whales are probably looking past established projects like Ethereum for massive gains. The ultimate investment model in cryptocurrency is to find a new or underrated project and accumulate enough to make a fortune when it truly picks.
1. DigiToads (TOADS)
Memecoins don’t typically make lists of the most promising altcoins because of their quirky nature. Dogecoin, for instance, has no roadmap, utility, or visible team, yet it has managed to remain a fixture in the market. It does not make the slightest pretense to be a serious project, and this ironic appeal gives it occasional popularity.
DigiToads has come along to change the working model of memecoins. It has a fun and meme-able side as well as actual utility. DigiToads is a play-to-earn ecosystem that incentivizes gameplay for various in-game rewards and Non-Fungible Tokens (NFTs) collectibles. These traits give DigiToads more than a typical, speculative, and cyclic memecoin.
The introduction of utility has brought investors on board. This project is currently conducting a presale that has raised over $4.65 million in only a few weeks of operations. The presale has a gradually ascending price structure to ensure the earliest participants, who have already realized 140% + gains, have the most upside. Accordingly, the presale has garnered high investor interest and is one of the significant altcoins in the market right now.
2. Chainlink (LINK)
This project has grown in stature to become one of the most meaningful entrants into the blockchain space. Chainlink functions as a decentralized blockchain oracle that aims to be at the heart of blockchain interactivity. It leverages the Ethereum blockchain infrastructure and the project’s unique architecture to create this utility.
ChainLink aims to become a reliable tool for securely transferring data from off-chain sources to blockchain smart contracts. It has become a bridge of sorts between the blockchain world and the outside business world. Accordingly, developers can deploy smart contracts that can securely obtain data from off-chain sources for smooth execution.
The development team has done an excellent job in getting notable partnerships and use cases to spur growth. For these reasons, LINK remains one of the most promising tokens from crypto whales looking to find projects with a long-term vision.
3. Binance Coin (BNB)
This coin is synonymous with its mega-exchange namesake. Binance is a massive force in the cryptocurrency sector and was one of the beacons of stability during the ravages of the crypto crash of mid-2022. The Binance Coin has become one of the largest altcoins by virtue of Binance’s influence in this sector.
Its position as a native token for the world’s largest crypto exchange has made this coin a sought-after commodity for crypto whales. BNB has utility within the exchange as a medium for paying trading fees with other benefits from incentivized usage on Binance. This coin will remain on the radar of investors and traders because it is at the heart of the biggest exchange in the world.
Conclusion
Analyzing altcoins for leading performers is a consistent affair for crypto analysts. There are always exciting projects coming around with promise or incumbents showing resilience. DigiToads has made a decisive break among new projects given the heightened level of investor interest in the memecoin. These projects should have a strong showing through the rest of 2023 in the markets.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
