Over the years, the cryptocurrency market has touched new highs as innovative projects like meme coins lured people to the sector. Meme coins like Shiba Inu and DogeCoin have managed to accumulate a global fan base that includes even Twitter CEO Elon Musk. Though these two coins might be seen as insurmountable, analysts feel there’s a new kid on the block that might be the next big thing in the meme coin ecosystem. The coin we’re talking about is DigiToads which is an Ethereum-based meme coin that also doubles up as a Web 3.0 game, a staking platform, and a trading portal for crypto tokens.
DigiToads: Decoding DeFi for the average crypto user
DigiToads’ USP is that one can access the features of multiple cryptocurrencies on a single interface. The opportunities a user can avail on DigiToads include staking NFTs, trading tokens, playing blockchain-based games, entering giveaways, bagging rewards for participation, and winning prizes in competitions. The beginner cryptocurrency has been blazing a trail with its dynamic economic framework that pivots around its native token known as TOADS. The TOADS token can be bought on presale, which is currently in its fourth stage. The presale phase has been divided into 10 stages and has received a lot of support from buyers.
The latest ico has been also garnering praise from analysts because of the ease with which it can be accessed. Buyers can use any of the leading crypto tokens like BTC, USDT, and SOL for purchasing the TOADS token. Next, they get a choice to pick from three Web 3.0 wallet options for storing and holding their tokens. The three choices are Moonpay, MetaMask, and Trust Wallet. Plus, with no vesting period, buyers will be able to access these tokens shortly after they make the purchase. The token supply has been capped at 585 million and around 69.2% of the coins will be reserved for the presale period and for giving bonuses to community members.
The remaining supply of the cryptocurrency ico would be used for other tasks like maintaining the liquidity pool, distributing prizes, organizing competitions, and public releases, among others. For a beginner cryptocurrency, DigiToads has an admirable staking mechanism that not only ensures high returns on staked NFTs but is also secure. To maintain the staking, the team would be setting aside 2% of the annual profits earned by the crypto project.
Shiba Inu’s lead developer’s announcement sends SHIB soaring
If anyone hadn’t heard about Shiba Inu until a few years ago, the lack of information was duly fixed as soon as Tesla CEO tweeted about the meme coin in 2021, prompting a meteoric rise in its price that continued for months. Shiba Inu was one of the earliest meme coins that were launched in the crypto industry and it has over the years managed to maintain its strong hold as a leading meme coin. It’s a top crypto to invest in and is inspired by memes based on a Japanese dog breed. Its native token is SHIB. The Shiba Inu team has rolled out two other crypto tokens BONE and LEASH. Recently, the SHIB token price went on a bull rally after Shiba Inu’s lead developer Shytoshi Kusama told the community that he was working with an “incredible team to do the impossible”. The conversation took place on a Shibarium-focused chat on Telegram that was set up by Kusama.
Binance announces new liquidity pools for Dogecoin
Dogecoin is a leading meme token that is preferred by cryptocurrency users across the globe. It’s a top crypto to invest in and its success has paved the way for many animal-inspired meme coins. The open-source cryptocurrency was initially forked from Litecoin in 2013. Its native token is DOGE and apart from being the main crypto coin on the network, it is also used as a “tipping coin” on social media networks like Reddit and Twitter. The meme token recently hit headlines after leading cryptocurrency exchange Binance rolled out seven new liquidity pools for different tokens including DogeCoin and Shiba Inu. The move comes in the wake of the rising demand for these tokens. With the Binance Liquid Swap, users can either swap different tokens or stake them to inject liquidity into Binance’s pools. The users get to earn rewards for staking their tokens.
What makes DigiToads a top crypto to invest in?
Despite still being in its presale stage, DigiToads is among the new alt coins that have a high growth potential. The meme coin has been gathering good reviews from analysts too who have lauded its community-centric focus and efforts at involving community members in operational tasks like governance and managing the treasury fund. As far as prospects go, analysts suggest that the TOADS token is a dependable option and its returns could potentially cross 30x in the coming months.
For more Information on DigiToads visit the website, join the presale or join the community for regular updates.
