Many crypto projects are firing, after months on the red side of the crypto charts. As they explode, investors looking to take positions have a hard time deciding which ones to go for. On one side DigiToads is a dual-faceted project whose steam is firing head-on as it nears the end of the presale. Other projects showing significant signs are Filecoin (FIL) and Stellar (XLM).
This article takes an in-depth journey to the mentioned projects, highlighting each project by giving information on why it may explode soon. Read more to find out.
DigiToads (TOADS)
TOADS is one of the few tokens supporting a dual-faceted approach advanced by the parent company. DigiToads, the brainchild of the meme coin, combined it with a utility function that has pushed the limits of the crypto market with its record-breaking presale. As things stand, it has earned over $6.7 million and is still pushing to reach higher figures, pending the official launch of its token.
The project’s meme basis stands to gain from the huge popularity of the underlying meme, while the utility basis gives it credibility to continue pushing when hype and passive community support fades.
The utility function stands on three pillars, which aren’t new in the crypto space but continue to inspire an unmatched run in the markets. DigiToads has an interactive metaverse that makes it a home for game lovers, who continue to flock to it because of entertainment and the passive income aspect it promises.
Gamers earn when they appear on the leaderboards. In addition, they receive tokens when the in-game marketplace receives buyers, both from external visitors and from those already in the community. The marketplace is the home for upgrades and other game merchandise that goes a mile to make the gaming space more interesting.
TOADS, the native token in the platform, makes interactions possible. It is a coin that has enjoyed a good run in the presale. So far, it goes for about $0.05, a figure inspired by the massive interest various groups have in the project. During the launch of the presale, the coin went for a paltry $0.01, proving that the DigiToads project stands to benefit investors. The token will go live on the 15th of August and up 450%. The launch will continue to inspire the project’s run.
Filecoin (FIL)
Filecoin is a project putting decentralized storage as the core. It is revolutionary, as it is one of the few to pile pressure on heavyweights such as Amazon Web Services. The crypto project is on a rampage and wishes to restore cloud data storage to the hands of ordinary people and out of centralized services. It utilizes the InterPlanetary File System (IPFS), built below it, to enable users to easily access their data.
The platform is #1 when it comes to combining blockchain technology to file storage issues, an area left to tech giants. Its existence creates a competitive angle, setting it on a path of growth. FIL benefits from this utility-centred approach and hence its high propensity to explode.
Stellar (XLM)
XLM’s utility base brings to mind XRP, an alternative to sending money abroad seamlessly using blockchain technology. It was founded in 2014 and has been around for a while, giving it a lot of credibility.
Stellar has set itself apart from Ripple, though founded by a similar person who created the latter. Its selling point is the ability to support several currencies, including tokens, crypto, and fiat. On average, a confirmation takes about 3 seconds and can go up to 5 when delays arise. It has a consensus algorithm that makes it more credible and able to send assets to other addresses with ease.
Final Note
Many crypto projects have potential, but the ones in this article have an even higher potential to explode. A standout in the ones mentioned is DigiToads, it has set mid-August as the date to launch TOADS and traders expect massive price surges after listing. Its early run tells a lot about its post-launch date. The coin has all the potential to explode.
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.
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