The past few weeks have been quite favorable for the overall cryptocurrency market, with many digital assets experiencing substantial gains. However, this week seems to be taking a slightly bearish turn, potentially fueled by investors’ greed as they seek to secure their gains after witnessing their investments grow for the first time in several months.
Despite this temporary shift, the general sentiment for cryptocurrencies remains optimistic. Ethereum, in particular, has been on a strong run since the beginning of the year, bolstered by the announcement of its highly anticipated Shanghai upgrade.
What Happened After Shanghai Upgrade?
The Shanghai upgrade has introduced significant changes to the Ethereum community. Within the first four days of the hard fork, over 1 million Ether, worth $2.1 billion, has been withdrawn from Ethereum’s Beacon Chain.
Although the Ethereum community was divided on the potential impact of Shapella on Ether’s price, the first four days saw a nearly 10% rise, and ETH reached $2,100 for the first time in 11 months. However, similar to Bitcoin, ETH started this week with a little bearish shift.
Future price predictions for Ethereum vary. If Ethereum’s bulls take the lead, the cryptocurrency could break through its resistance level of $2,706.88. However, if Ethereum’s bears dominate the trend, the price might drop to $1,683.71.
While Ethereum, the second-largest cryptocurrency, continues to experience price fluctuations, a new ICO, DigiToads, is steadily growing in value and adoption.
Stable Growth With DigiToads
DigiToads combines meme currency with NFT technology and Play-2-Earn games to give players a chance to own unique Toads and profit from them in a variety of ways. Players can compete in monthly tournaments to win a share of the monthly prize pool, funded by revenue generated from the sale of in-game items. These trending NFTs can also be used for staking, guaranteeing an additional source of income for investors.
Aiming to emerge as the best ICO, DigiToads’ presale has already garnered over $1.45 million in funds. The initial four Lilypad (presale) stages witnessed a price surge from $0.01 to $0.02, delivering a remarkable 100% return for early investors. The project plans to introduce six additional Lilypad phases, each offering escalating returns for supporters. To elaborate, TOADS will debut at a price of $0.055, reflecting a substantial 150% increase over its current present value.
This ERC20 token has not only demonstrated its potential for lucrative returns but has also earned a reputation for trustworthiness. This credibility stems from its team of verified and doxxed experts, audited code, and an impending listing on BitMart, a leading centralized cryptocurrency exchange.
While excitement around this DeFi project continues to grow, the overall cryptocurrency market experiences fluctuations. Amidst this volatility, the assured price growth offered by TOADS presents an appealing opportunity for numerous investors.
Conclusion
When first dipping your toes into the crypto market, it’s natural to wonder what crypto to invest in. Sometimes, it makes sense to stick with well-known, big-name cryptos, while at other times, lesser-known altcoins might be the ones with the most promising growth potential. And since the Ethereum market grapples with the implications of the Shanghai upgrade and massive withdrawals, emerging altcoins like DigiToads offer guaranteed growth and diversification in the ever-evolving digital asset landscape.
For More Information on DigiToads visit the website, join the presale or join the community for regular updates.
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