- DigiToads is setting itself apart as a unique project in the meme coin ecosystem.
- Shiba Inu and Pepe remain popular meme tokens, but analysts and market experts see TOADS a a better long term bet.
- The DigiToads presale is seeing renewed investor interest in its ‘Lillypad 5’ stage.
Many analysts believe that 2023 is the year of meme coins. Several new meme tokens have been launched in recent months, and some of the most popular ones, such as Shiba Inu and Pepe, have soared in value.
Amid this market optimism is the growing attention towards DigiToads, one of the new meme tokens currently in presale. The interest in this Ethereum-based meme token that launched earlier this year has seen multiple analysts and market experts bet big on its potential.
DigiToads has a unique economic design that allows users to generate passive income, and its community-centric approach gives community members a key role in the platform’s growth and development.
DigiToads: A trendsetter in the meme coin sector
DigiToads has been developed using a hybrid model that leverages the strength of different cryptocurrencies. So, with one single platform, you can stake NFTs, play Web 3.0 games, enter giveaways, bag prizes, crypto tokens as rewards, trade cryptocurrencies and participate in trading competitions. If you are looking for a cryptocurrency for beginners, DigiToads could be an ideal option as it lets its users figure out which opportunity works for them best.&
The platform has developed a native token called TOADS which will facilitate all transactions and financial purposes on the network. Built on the ERC-20 protocol, the DigiToads team will maintain a supplly of 585 million TOADS tokens, with 69.2% of it set aside for the presale and rewards. The DigiToads presale, which will comprise 10 stages, continues to see huge success and is in the fifth stage called ‘Lillypad 5’.&
What makes DigiToads unique?
What makes DigiToads a good crypto to buy is the way it balances gameplay, rewards, and the storyline to create an exciting Web 3.0 game.&
In the game, players will face each other in a Metaverse swamp as they try to bag the highest scores in the season. To defeat the enemy, players can seek help from digital creatures called ‘DigiToad’ who have special abilities. Gamers can also secure training equipment, food, and potions for DigiToads. User pay for both the items as well as the DigiToad using the TOADS tokens.
Here’s why analysts are bullish on Shiba Inu
Shiba Inu is among the top crypto coins that have managed to maintain their hold over the market despite being launched years back. The meme coin has rolled out a native token called SHIB which is the main crypto token on the network. It is based on memes inspired by a Japanese breed of dog.&
Apart from SHIB, the Shiba Inu team has also launched two other cryptocurrencies &- BONE and LEASH. While BONE is a governance token that helps Shiba Inu community members to participate in the decision-making process, LEASH is an exclusive token for dedicated community members who have been associated with the platform.&
Given its popularity, analysts feel that the SHIB token might soar higher in 2023 and they expect it to stay in the bullish zone for now.
Pepe is likely to make further gains
Pepe is among the tokens touted as being best crypto for beginners in today’s market. The project & features a user-friendly interface that helps one easily navigate the platform as well as the opportunities that come with investing in the token. The meme coin is inspired by the popular internet cartoon ‘Pepe, the Frog’ and its native token is PEPE.&
The PEPE token is the medium of exchange on the network and has a deflationary model, which means its supply is intentionally kept low to curb fluctuating prices. Another key advantage associated with Pepe is that token holders don’t have to pay any transaction fee.&
While the ‘no tax’ policy has helped Pepe ramp up its reach, the past few weeks have been tough for the meme coin with its price fluctuating wildly over the past few weeks. Despite this, analysts are bullish on PEPE and expect the token to rally again given there’s still a sizable number of whales sitting on big positions.
Conclusion&
While Shiba Inu and Pepe have demonstrated their ability to drive gains in the market, many analysts believe DigiToads has the potential to perform well over the long term. Its dynamic economic framework and multiple utilities can help a community member diversify a portfolio while building a sustained source of passive income.&
Predicting token prices over the long term with certainty is not possible. However, looking at DigiToads’ unique features and strengths, coupled with broader market expectations, experts see the TOADS token as a long term investment with great potential.&
If you wish to get more information on DigiToads, visit the project’s website. You can also join the presale or join the community to receive regular updates on DigiToads.
The post DigiToads (TOADS) utility sets it apart from Shiba Inu (SHIB) and Pepe (PEPE) amid spike in meme coin interest appeared first on CoinJournal.
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