Meme-inspired cryptocurrencies or meme coins have been in the news in the cryptoverse for one reason or the other. Take the example of Dogecoin and Floki Inu. The two meme tokens started the year with a bang and impressive performances. However, the hype soon fizzled out and their token holders are now grappling with their volatile prices. Amidst the dwindling popularity of Floki Inu and Dogecoin, another meme coin that has emerged as a market favorite is DigiToads (TOADS). Powered by Ethereum, DigiToads is a cutting-edge platform that leverages the potential of hybrid DeFi. Designed to offer multiple utilities to its users, DigiToads’ growth potential is one USP that analysts can’t stop raving about.
Contents
DigiToads: A multi-dimensional crypto project
DigiToads is a state-of-the-art platform that sports the features of three different tokens. The secret to DigiToads’ success could be attributed to its dynamic economic design and its hybrid DeFi model. The platform offers its users a wide range of opportunities for earning residual income. These options include staking NFTs, trading tokens, and participating in Web 2.0 games for a chance to be rewarded with crypto tokens. The TOADS token functions as the native cryptocurrency of the network.
Called one of the best new icos of 2023, DigiToads’ presale process has been a bestseller so far. In the presale process, the crypto project has collected over $ 6 million and still has one more stage left. There is no vesting period, so buyers can access their tokens as soon as they buy them. However, if a token holder ever decided to sell their TOADS tokens, they would have to pay a small tax. The tax proceeds are used for funding marketing activities and maintaining the staking and rewards pool.
One of the best ways to learn cryptocurrency trading for beginners is via DigiToads’ trading competitions. In these competitions, community members have to trade tokens and book the highest profit margin in a month to win. The winners will receive a share of the profits they registered but the bigger prize is a chance to learn the skill of treasury management from the DigiToads team. After a brief training period with the team, the winners would go on to assist the team in managing DigiToads’ treasury.
Is Dogecoin headed to a bearish future?
Dogecoin is another dog-themed meme coin that has taken over the world. Its native token is DOGE which has been patronized by the likes of Tesla CEO Elon Musk. Rather than a consensus protocol, Dogecoin leverages the Scrypt technology and its supply is not fixed. What’s more, is that it has a block time of a minute. Furthermore, there are no restrictions on mining either. Mining professionals can operate on their own or join a mining pool. In the past few weeks, the DOGE coin has been subjected to negative price action which has led many analysts to maintain a largely bearish outlook towards Dogecoin.
Is Floki Inu headed for a bull rally?
Floki Inu is a top altcoin and is among the most-traded dog-themed meme tokens in the world. Its native cryptocurrency is FLOKI and it’s used for meeting all kinds of transactional obligations on the network. The Floki Inu team has been making waves with the flagship projects that it has been working on. These projects include the ‘University of Floki’ which is an educational and content-driven online resource. The FLOKI token has been witnessing positive price action consistently in the recent past, despite its instability. Judging by its performance and market indicators, analysts feel that it has the potential to maintain its bullish momentum for the time being.
Conclusion
If you are confused about what crypto should I buy, you can easily pick between DigiToads, Floki Inu, and Dogecoin as they are quite useful options. However, if you are looking at the long-term scenario, most analysts would point you towards DigiToads as its growth potential gives it an edge over the other two options. One can explore multiple opportunities with DigiToads and leverage them to build a steady source of income. Another added advantage of DigiToads is that users get to participate and have a say in how the platform is run. With a community-centric governance structure, the platform ensures that its community members are growing along with it.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.