While the allure of quick gains significantly adds to the appeal of the crypto landscape, there is no denying its innovation and utility. As a result, memecoins without tangible use cases fizzle out quickly, regardless of their initial momentum. This is the case with Pepe, a memecoin that launched in the second quarter of the year and experienced a meteoric rise and an astounding dump, all within months. Its woes continue as whales continue selling their Pepe holdings, even though at a loss. Amidst this, a different story is unfolding: DigiToads’ presale, which continues to shine brightly with the promises of a substantial return.
DigiToads (TOADS): A beacon of hope for investors
In the volatile world of memecoin, DigiToads aims to have sustainable growth with its addition of tangible utility and low token supply. It is a convergence between meme and utility, spanning non-fungible tokens (NFTs) and play-to-earn (P2E). Its approach has resulted in overwhelming participation in its presale, which ended with over over $7 million raised.
The crypto community has been drawn to its promise of a potential 100x return, which will be aided by its strong community and tangible utility. Its ecosystem will cover a thrilling play-to-earn game and a unique NFT collection known as the TOAD NFT Collection. All talk is about the anticipation of their launch on 21st August 2023.
At the heart of the ecosystem will be a Web3 game that players can participate in to have fun and earn rewards. Players will collect and battle DigiToads, as well as nurture their DigiToads, to gain superiority within the Swamp arena. Additionally, its NFT collection, which will comprise 3,500 digital collectibles, can be minted on the platform. These unique and valuable NFTs have great value propositions as they are expected to soar after launch and can be staked for rewards. The staking platform will be funded with 2% of every TOADS transaction, ensuring the staking community will always be rewarded. Moreover, the longer an NFT is staked, the higher the reward.
Additionally, as a utility token, TOADS will be used for in-game purchases, the nurturing of DigiToads, and the minting of NFTs. This will make the token always in demand, thereby propelling its value. Also, its low supply, which is only 585 million tokens, sets it apart from many other memecoins and will contribute to its upward price trajectory as demand increases. The lauch price of the token will only costs $0.55, which can be purchased on the lauch day across major platforms.
Pepe (PEPE): The rise and fall
Pepe is a memecoin created as a tribute to the iconic frog meme, “Pepe the Frog.” The meme-inspired token was launched in April 2023 and aimed to capitalize on the popularity of meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). It quickly gained traction from investors who saw the potential for significant growth, which propelled its rise. Additionally, besides its memetic appeal, Pepe’s no-tax policy and staking rewards contributed to its attraction and meteoric rise in the crypto market.
However, the saying whatever goes up must come down, couldn’t be truer than in the crypto space. After the rise of Pepe, it experienced a shocking fall, which continues to take a hit. Recently, whales can be seen selling a substantial amount of their token, resulting in Pepe plummeting even further. Consequently, investors are considering more promising presales with bullish momentum to invest in.
Final Thoughts
The decline of Pepe highlights the volatility of the memecoin ecosystem and how easy it is for projects without utility to go into oblivion. DigiToads, on the other hand, is a hybrid token and the dream of meme enthusiasts, as it combines features of NFT and P2E. Moreover, its allure of an increase of 100x appeals to the crypto community, which is anticipating its upcoming launch.
