Bearish turns taken by the markets condemned some crypto projects to the fringes of the crypto market. Notably, holders of Dogecoin (DOGE) have been in the dark about the project’s future, which started as a joke in 2013. DigiToads, on the other hand, has been on a good run, defying some market expectations and giving some veterans a good run for their money.
Read more to learn about DigiToads, and whether Dogecoin is on its deathbed.
Digitoads is Racing to top the Crypto Charts Thanks to its Successful Presale
DigiToads is on a rampage, and looking to topple some traditional heavyweights. Its monumental rise is down to combining two fundamentals that have dominated the crypto space for a while. Many ERC-20 tokens have a utility basis that makes them shine even under heightened market pressure.
DigiToads has added a utility function, combined with the fact it is a meme coin. It benefits from the usual hype and FOMO and reserves some utility functions for those looking to engage with web3 and other futuristic technologies.
DigiToads has an immersive virtual space, bringing together the gaming community. A virtual space called the swamp arena powers this fun-filled space, which offers massive rewards beyond entertainment. The games involve TOAD NFTs, which take on each other on various levels. Each gamer has access to the in-game purchase feature, which has numerous weapons and tools to help take down the enemy. In addition, those with adequate time can nurture their battle characters to adulthood.
The gaming space is fun-filled and brings a learning opportunity for those involved. It takes people around a virtual world said to dominate the next internet. In addition, people have first-hand experience with the way cryptocurrencies work.
Beyond fun and games, DigiToads promises to be a significant destination for investors, especially with the anticipated launch of TOADS on the 15th of August. The project is now on Lilypad 10, the last stage of the presale. It has gained massively in the run to stage 10; it is already up 400% and earned over $6.6 million. On launch, the TOAD token will take Lilypad 10 gains up to 50% higher to settle at 450%.
DigiToads is a project set on sound democracy thanks to the various financial pools available. The project boasts a liquidity pool, a staking pool, and a prize pool. Liquidity pools have traditionally enabled people to come in and out of the project at will. The one run by DigiToads offers the same services, giving people an opportunity to convert their fiat into DigiToads seamlessly and back.
The staking pools offer a rare opportunity for passive income. They allow crypto holders to earn interest on the number of tokens held in the project. In a way, the staking pools act to make the project worthwhile, as they prevent people from cashing out at every opportunity available.
Is Dogecoin Losing Steam?
Dogecoin is a project that started as a joke and quickly turned into a serious crypto project. The coin has received numerous endorsements, especially from popular Twitter accounts, including Elon Musk’s.
The projects’ run has been bogged down by the faltering crypto markets that affected all crypto projects. Dogecoin still boasts of a large community, which continues to push it in the right direction. Nonetheless, investing in the project still carries risk. Future projections show that it will close the year on a high.
As the year closes, it might sell for about $0.074, with potential highs of about $0.18. From the projections, it is clear that the crypto will be there for a while.
Closing Note
Market pressure, the ones affecting Dogecoin, have catapulted new projects such as DigiToads. While what happens in other projects has a huge bearing on the movement of DigiToads, its dual appeal is what has caused its breakout early in the presale. As it nears its official launch, it will continue to shatter records.
