If you want to explore something that’s not a plain vanilla cryptocurrency, meme coins are always a great option to jazz up our portfolio a bit. Inspired by viral, meme coins are fast evolving to become multi-functional digital assets with power-packed features. Take the example of DigiToads (TOADS), an Ethereum-based meem coin, which is nearing $5 million in presale. The meme coin has been making waves in the market with its innovative economic model and has been rated as one of the best new icos of 2023. Its success comes at a time when crypto users are looking for new options as their fascination with the dog-themed meme token Dogecoin fades.
DigiToads: Discovering the potential of hybrid DeFi
DigiToads is a popular meme coin whose key USP is its economic model which has been developed by merging the features of three cryptocurrencies – a stake-to-earn platform, a Web 3.0 game, and a meme token. The combined functionality enables users to access a wide array of opportunities and boost their passive income. With DigiToads, one doesn’t have to hop between platforms for staking NFTs, trading tokens, or participating in Web 3.0 games. They can enjoy all these opportunities on DigiToads and start by simply acquiring its native token, the TOADS token.
Powered by the ERC-20 protocol, the TOADS token is a versatile cryptocurrency that is currently available on presale. Its presale process has been split into 10 stages, currently in its eighth stage where the crypto project has raised over $4.8 million in funds so far.
If you are interested in learning cryptocurrency trading for beginners, DigiToads’ trading competitions are a good starting point. These trading competitions are conducted every month and help the team pick out skilled traders who could help it with managing the treasury. The participant booking the highest trade volume in a month is declared the winner. They also receive 10% of the profits they bring in for the platform. Initially, the winning participants train under the DigiToads team and learn about managing the treasury. Once they hone their skills, they help out the team regularly.
As part of its plans for the future, the DigiToads team would be offering knowledge sessions for its community members where they could explore the world of cryptocurrencies and know more about these digital assets. These sessions would be offered by DigiToads’ think tank ‘TOADS School’ and the minimum requirement to attend these sessions is to hold three TOADS NFTs.
The DigiToads team’s plans include donating 2.5% of its annual profits to organizations that are working for the cause of rainforest preservation. The organizations which would receive these donations would be picked out by the community members.
What are analysts saying about Dogecoin?
Dogecoin is a top altcoin that was among the earliest meme coins that the world was introduced to, Ever since it has maintained its hold over the market. It’s inspired by a Japanese dog breed and is favored by Shiba Inu users across the globe. Its native token, DOGE, is used for various transactions and related purposes on the network. Apart from DOGE, the Dogecoin team has rolled out two other cryptocurrencies – BONE and LEASH. Dogecoin uses Scrypt technology for consensus. Its total supply is uncapped, so there are no restrictions on mining. Miners have the leeway to either join a mining pool or go solo. In the recent past, the market performance of the DOGE token has been quite volatile. According to analysts, while market indicators did not reflect a bullish sentiment, its price action shows a strong possibility of a surge.
Conclusion
If you are ever struggling to find out what crypto should I buy, you can safely choose between Dogecoin and DigiToads as they make for dependable crypto projects. While both the meme coins have their fair share of strengths, for a lot of analysts DigiToads has an advantage in terms of its higher growth potential. It’s an ideal choice for anyone looking to earn long-term gains because of its multi-utility model. You can leverage the opportunities offered by the platform and turn them into a steady source of passive income. Over the next few months, analysts expect the TOADS token to surge by 40x.
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.
