For a short time, Ethereum has reclaimed its position above the $2,000 mark, but the bulls are losing steam. Some expect a new bullish momentum for ETH in the upcoming days thanks to the effervescence in the crypto market following the courting ruling in the SEC vs Ripple case.
While Ethereum’s performance captures the attention of investors, another project, DigiToads (TOADS), is making waves with its presale on track to surpass the impressive milestone of $7 million. As the presale of DigiToads continues to gain momentum, the project is poised to make a significant impact and reshape the landscape of the meme coin market.
DigiToads Presale About to Break the $7 Million Milestone
DigiToads is a new entrant in the meme coin market, but it has already demonstrated huge success as it is about to break the $7 million milestone. In only a few months, the TOADS tokens, the native altcoins of the ecosystem, have skyrocketed by 400% and will launch on the major exchanges soon.
The project is in the final of 10 presale stages, and is about to become available to the masses, with an estimated growth potential of 100x in the upcoming period.
Despite its status as a meme coin, DigiToads’ growth is not due to speculation. In fact, the growth is proof of the innovative and disruptive business model of one of the best DeFi companies on the market.
DigiToads is a blockchain gaming project that takes advantage of the lucrative gaming industry by creating a virtual world called “The Swamp” where players can interact with unique digital toads called DigiToads.
Capitalizing on the blockchain gaming sector, which is estimated to reach $65 billion by 2027, DigiToads offers play-to-earn opportunities, where players can enhance their toads and participate in competitions to earn TOADS ERC20 coins.
In addition to this, long-term investors can earn rewards through the stake-to-earn mechanism by purchasing and staking exclusive NFTs from the DigiToads marketplace. The staking pool accumulates a portion of all platform transactions, providing participants with a growing amount of rewards.
The buy-and-hold strategy is another way to accumulate wealth, as the deflationary economic model gradually reduces the token supply, leading to potential value appreciation. Monthly airdrops are also available to all TOADS holders.
Active traders can participate in monthly trading competitions, where successful traders are rewarded with a share of the platform’s profits and gain access to the Treasury. Beginners can join the Toad School, a course that teaches cryptocurrency trading fundamentals and guides them towards becoming skilled traders. Ownership of at least three cool NFTs on the DigiToads platform is the only requirement for enrolling in the course.
DigiToads provides a captivating gaming experience, offers various avenues for passive income generation, and supports active trading activities. The project aims to capitalize on the growing demand for blockchain gaming and create opportunities for wealth accumulation within its ecosystem.
Ethereum Reclaimed $2,000, New Bullish Move on the Rise?
Although Ethereum failed to clear the $2,000 resistance level and stay above this price against the USD, it could start a new bullish move if it jumps above $1,950.
Breaking above $2,000 for a short time, ETH was propelled by the ruling in the Ripple vs SEC case, which concluded that XRP should not be considered a security. At the time of the ruling, ETH broke above $2,000, the first time since April.
Summary
As Ethereum (ETH) bounces back from the $2,000 level, the presale of DigiToads (TOADS) continues to gain momentum, with the project on track to break the remarkable $7 million milestone.
TOADS tokens position themselves as the best cryptocurrency to invest in for investors seeking opportunities for wealth accumulation. The unique play-to-earn gaming experience, NFT staking mechanism, and community contests and rewards offered by DigiToads set it apart in the crypto market.
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.
