The massive earthquake in the crypto market pushes Ethreum, ALGO, and ADA to new highs. Some voices claim that ETH is now eyeing $3,000, while ALGO and ADA could also benefit from the rally. At the same time, DigiToads (TOADS) keeps increasing its value ahead of the big launch. Read on to find out why investors bet on TOADS, ETH, ALGO, and ADA this year.
DigiToads
TOADS is a new meme coin making waves in the online community. These innovative erc20 tokens have raised over $5.7 million despite still being in the presale stages. One reason behind explosive adoption is the numerous opportunities to generate passive and active income on the blockchain-based platform.
DigiToads is designed as a play-to-earn gaming world known as the Swamp. On one hand, gamers can join the Swamp, a virtual world where they can grow, improve, and engage in fights with digital toads. The best gamers receive TOADS as rewards.
On the other hand, TOADS stands out as a unique meme coin on the market thanks to the stake-to-earn mechanism. In other words, TOADS holders can buy trending NFTs and stake them on the platform to earn passive income. Another appealing feature is the design of the staking pool – which collects a portion of all transactions on the platform, hence long-term investors stand to gain the most as their rewards keep growing.
Finally, TOADS is a deflationary token, protecting investors’ wealth in the long term. The ecosystem uses token-burning events to ensure the stability of the token over time by steadily decreasing the supply. A lower supply leads to the scarcity effect, hence boosting the value of the remaining tokens.
TOADS has already increased by 370% since its first presale stage. Currently in the ninth stage, it nears its big launch on the exchanges and is still affordably priced at only $0.047, up from $0.01.
Ethereum
Ethereum seems to be under bullish pressure as it could eye $3,000 – this is only if ETH manages to break the $1,900 level. At the same time, the ETH available on exchanges has hit a new low, below 12.6%. A decreased supply is a bullish sign as fewer tokens are available.
ALGO
ALGO has also experienced bullish signs, especially after it recently improved its protocol. In general, upgrades to the networks are seen as a good sign by investors – and ALGO’s newest upgrade has targeted a massive block time reduction. While the competition remains fierce for ALGO, it has demonstrated a commitment to increasing the number of its investors, which could trigger a long-term bullish run for this coin.
ADA
Cardano’s ADA adoption has been on the rise lately, especially within the United States. Investors demonstrate increased confidence in ADA’s ability to grow and, more importantly, to keep innovating in order to expand its utility and user base.
One of the key features that have led to increased ADA adoption is the new staking feature. Similar to TOADS, investors seeking passive income opportunities buy the tokens and stake them on the platform to gain rewards.
Summary
Overall, TOADS, ETH, ALGO, and ADA are some of the best cryptos to buy now if you want to join the crypto rally. DigiToads, in particular, promises huge growth as it is in its early stages, and it could deliver as much as 100x gains this year for its early investors.
The innovative ecosystem opens the door to a whole new world of income opportunities and promises to revolutionize the meme coin market by imposing new standards when it comes to cryptocurrency. This could be your sign to join the DigiToads presale and capitalize on its skyrocketing popularity.
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