The meme coin market has not fared very well this year. Some of the main reasons are the ongoing bear market, preceded by an icy-cold crypto winter in 2022, lack of utility, the inflationary nature of the tokens (i.e., DOGE), and growth derived only from speculation. 

DigiToads, a recent meme coin, is disrupting the market, taking the throne by offering a feature-rich, deflationary, community-focused token DigiToads (TOADS). This could breathe new life into the meme coin market, and some believe that established cryptos like FTM and ARB show signs of a bullish trend as well. 

DigiToads Takes the Crown in the Meme Coin Market

One of the many features that make DigiToads unique is the play-to-earn platform. The P2E gaming industry is thriving, and this new meme coin proposes an engaging Web3 game where players battle, nurture, and play with DigiToads, digital characters represented by NFTs. This makes each DigiToad unique, allowing players to customize them according to their preferences in terms of skills, strengths, and weaknesses, among others.

The native currency supports the gaming system as TOADS holders can use the ERC20 coins to improve their digital toads characters and garner considerable competitive advantages. The best 25% of players who win gaming competitions earn 50% of all revenues from selling in-game items, and another 10% of revenues are distributed equally among all token holders. 

Another unique feature compared to other meme coins – but also mainstream cryptos – is the NFT staking mechanism. TOADS holders can buy unique NFTs from the platform, stake them, and receive a portion of all the rewards from the staking pool, which collects 2% of all transactions. NFT stakers receive rewards proportional to the staking time, incentivizing long-term holding. 

Furthermore, unlike many other meme coins, TOADS tokens are deflationary in nature. Burning events will decrease the circulating supply of these altcoins, increasing scarcity and stabilizing the tokens’ price performance in the long term. 

DigiToads aspires to become a mainstream crypto on the market. With many opportunities to generate passive income, it is no wonder that the interest is surging in DigiToads presale. Currently in the seventh stage and rapidly selling out, TOADS is priced at only $0.036 and has already increased by 260% in the past few weeks. 

>> Buy DigiToads Now <<

Fantom Makes Efforts to Increase Network Activity

Fantom comes with a new value proposition according to which projects that utilize the network may be eligible for 15% of the gas fees they produce. This is aimed at incentivizing the use of the Fantom network, which is likely to increase demand and the value of the FTM alt coins. 

Arbitrum Bulls Could Push Through Resistance Level

Arbitrum is a Layer-2 scaling solution for Ethereum, so it’s no wonder that its defi coin price tends to follow the market trend. In the long run, Arbitrum has had some impressive achievements, including outperforming its main rival, Optimism, both throughout 2022 and 2023. 

With an increasing number of ARB token holders and increasing network activity, some expect the ARB bulls to push through the resistance levels. Despite the ebb and flow of its price action this year, ARB has increased by over 7% in the past week, as of this writing.  

Summary

Whether Fantom and Arbitrum are likely to follow in DigiToads’ footsteps remains to be seen. However, a long-term bullish trend is forming for DigiToads, which amasses more and more followers each day. As capital keeps pouring in, early investors feed one of the most innovative ecosystems that deliver growth thanks to its many streams of passive income, opportunities for growth, and its play-to-earn gaming environment. 

For more information on DigiToads visit the website, join the presale or join the community for regular updates.