The emerging narrative developing on Crypto Twitter amongst investors who have witnessed several cycles is the underperformance of the last cycle’s top altcoins and the overperformance of new DeFi projects. Seasoned investors cite how the tech stack and tokenomics improve, leading newer investors to newer projects.
Additionally, old coins suffer from investors holding at a loss who bought during the frenzy of the last cycle and will sell their bags when they break even. All these factors stack the deck against leading projects from the prior cycle, as seen with Polygon (MATIC) and Binance Coin (BNB) lead declining, while DigiToads (TOADS) emerges as the memecoin king.
DigiToads (TOADS) The New Memecoin King
DigiToads has been gaining traction fast, and its presale has netted more than $6.1 million. Early investors are already up 370%, and the current price of $TOADS in the ninth presale stage is just $0.047. With a price bump to $0.05 at stage ten and a launch price of $0.055, investors can still lock in presale gains.
DigiToads’ presale is a unique blockchain ICO because it has no vesting period meaning all participants will be fully liquid at launch. This has certainly attracted capital, but the real driving force behind TOADS’ success is the protocol ecosystem known as The Swamp.
DigiToads has become the newest memecoin on the block, and its marketing campaign has yielded fruit. But The Swamp’s features have been powering the real growth. They include a play-to-earn game, an active treasury management system, an educational platform, a native DEX, NFT staking, and even charity initiatives to help preserve the rainforest.
DigiToads employs the traditional burning mechanism found almost ubiquitously across the meme genre but kicks it up a notch. The taxation system within The Swamp burns 2% of every transaction making $TOADS one of the most aggressive deflationary ERC20 coins ever launched.
TOADS makes a difference in the real world, and analysts forecasted the native token rallying 2,000% by the end of the year following its launch on major centralized exchanges.
Polygon (MATIC) Announces Transition to $POL
Polygon (MATIC) has been shipping zero-knowledge upgrades, and the Polygon (MATIC) 2.0 announcement has been followed by $POL. $POL will be a token used across the new ecosystem that Polygon (MATIC) is building and will be able to validate multiple chains.
Polygon (MATIC) plays a pivotal position in the layer three race, and despite Polygon’s (MATIC) lead declining, analysts’ price predictions forecast a range between $1.79 and $2.16. Indicating that $MATIC still has strength and future valuations.
Binance Coin (BNB): Binance Loses Several Top Executives
Binance Coin (BNB) is the native token for the BNB Chain and the utility token for Binance, one of the world’s most recognizable DeFi companies. Several top executives have recently left, reportedly over handling the DOJ’s investigation. Binance Coin (BNB) trades relatively to the market’s perception of Binance acting as a pseudo-equity token.
Bad news for Binance is bad news for Binance Coin (BNB), explaining the token’s lead declining in recent weeks. Price predictions forecast a range between $430.42 and $521.63 in 2024, showing a more optimistic long-term position had been adopted by analysts.
Closing Thoughts: Finding the Next Cycle’s Leaders Today
DigiToads has ripped to success through its memecoin marketing, but the next stage of the journey will be more exciting. The token launch, NFT staking, and the play-to-earn game occur on the 21st of August.
Analysts expect a drastic repricing of $TOADS as The Swamp’s payouts and features go live. The presale invites investors to get ahead of the curve and purchase $TOADS at a discount.
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.