Experts are skeptical regarding Polygon’s (MATIC) and Cardano’s (ADA) ability to sustain future price gains, but a new crypto presale may help diligent investors stay in the green. DigiToads (TOADS) is seen as an innovative game-changer in the crypto industry. Designed as a gaming platform, DigiToads has already raised more than $2.3m, demonstrating its potential to become one of the best alt coins in the next few months.
DigiToads’ Bulls Remain in Charge
With more than 180.8 million tokens already sold, DigiToads is turning into one of the most popular presales of this year. Its popularity and bullish momentum are driven by its reliable blockchain-based platform that changes the crypto industry.
The first unique feature that attracts investors is the growing community and ongoing rewards for its members. Thousands of people follow the project on multiple social media platforms, including Twitter and Discord. This strong support help to drive demand and increase TOADS value in the long term.
TOADS holders are also confident in their investment because of the deflationary nature of the tokens. The supply of tokens will decrease over time, which leads to scarcity and potential capital appreciation as the remaining tokens become more valuable.
DigiToads is also a gem for play-to-earn gamers, as it provides one of the most immersive gaming experiences. In a vast virtual world, players receive a basic DigiToad character which can be improved and trained. The character can then be used to obtain TOADS tokens by winning competitions.
The TOADS tokens can be used to enhance the DigiToad further or can be used to buy other unique NFTs and stake them for passive returns. The project will be launched on the Ethereum blockchain, which means that users can trade their NFTs on the most active marketplace.
So far, the TOADS presale has raised over $2.3 million. This is thanks to the weekly giveaways for early investors and the highly attractive price. One token is selling for $0.024 at press time, but it is to increase to $0.027 in the next presale stage.
Polygon Slips Below $1
MATIC has been influenced by a blend of positive and negative signals lately. On the good side, the zkEVM platform was a success in April, generating 300% more transactions. However, this impressive performance of Polygon’s platform didn’t succeed in moving the price in a bullish direction.
At press time, MATIC trades just below $1, with $1.1 becoming the resistance level. The bearish trend may have been influenced by the previous flash loan attack that took place at the end of April, which resulted in about $2 million in profits in the attackers’ pockets.
ADA Struggles to Keep Up With Competition
So far in 2023, Cardano has been struggling to keep up with its major rivals – such as Solana or Bitcoin, but also other defi companies. One reason could potentially be that the ardent bears believe ADA is massively overvalued.
In other words, its fundamentals don’t back up its current price. Some of the most worrying indicators are the low daily transaction numbers and the ecosystem’s growth, which has yet to materialize.
Summary
Investors may want to approach MATIC and ADA with caution as could enter a bearish trend. DigiToads’ strong potential for future growth comes as a breath of fresh air for investors and P2E gamers alike, thanks to the unique combination of entertainment and multiple ways to generate income.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
Keywords: best alt coins, which crypto to buy today for the long term, defi companies
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