In the wake of increasing regulatory pressure on centralized exchanges like Binance (BNB), investors are pivoting to promising alternatives such as DigiToads (TOADS), which is currently in its presale phase. This article will explore the shift in the crypto landscape and discuss how DigiToads (TOADS) is attracting investors seeking to diversify their holdings into the best altcoins.
Binance Coin (BNB) Dumped Amid Crackdown
Binance Coin (BNB), a major global platform for buying and selling cryptocurrencies, is facing a significant challenge in the United States. It’s struggling to find banks willing to work with them, which means that Binance Coin (BNB) will be unable to let customers trade their traditional “real world” money (like dollars) for digital currencies.
This problem has arisen because two of Binance Coin (BNB)’s previous banking partners, Silicon Valley Bank and Silvergate, are no longer in business. These banks were open to digital currencies and had been providing services that allowed Binance Coin (BNB) to operate in the U.S.
Adding to Binance Coin (BNB)’s challenges is a foggy regulatory landscape in the U.S. concerning digital currencies. There are many unresolved questions about how laws and regulations apply to cryptocurrencies, which makes some banks hesitant to get involved.
On top of this, Binance Coin (BNB) is currently in a legal battle with a U.S. government agency, the Securities and Exchange Commission, over claims that the company violated trading rules.
These complications make it even harder for Binance to find a new banking partner in the U.S.
All of this has come together to reduce investor confidence in Binance Coin (BNB) and make them look for other options. The price of Binance Coin (BNB) was $400 in November 2022, but it has since fallen to a current price of just $313 — a loss of 21% while other top altcoins gain value.
DigiToads (TOADS) Attracting Investors Seeking Diversity
DigiToads (TOADS) is an exciting web3 platform that brings together a meme coin—TOADS—NFTs, a staking platform, and P2E gaming in an engaging experience that comes with financial rewards.
DigiToads (TOADS) has garnered widespread support across various social media channels like Twitter and Discord. These communities are actively engaged in TOADS-related activities, such as discussing the project’s roadmap and upcoming releases. The DigiToads (TOADS) teams give frequent rewards to community members, with a $50,000 mega prize.
Investors have faith in DigiToads (TOADS) due to the tokens’ deflationary nature, meaning the supply will dwindle over time. This scarcity can lead to potential capital appreciation as the remaining erc-20 tokens become increasingly valuable.
DigiToads appeals to play-to-earn gamers, delivering an engaging gaming experience within a vast virtual world. Players begin with a basic DigiToads (TOADS) character, which can be developed and honed to earn TOADS tokens through competitive victories.
These TOADS tokens can be used to upgrade the DigiToads (TOADS) further, purchase unique NFTs, or be staked for passive income. As the new DeFi project is built on the Ethereum (ETH) blockchain, users can also trade their NFTs in a bustling marketplace.
The DigiToads (TOADS) presale has already raised over $3 million, thanks in part to weekly giveaways for early investors and an appealing token price. Currently priced at $0.024 per token.
Summary
Binance Coin (BNB) is facing several challenges in the U.S., including declining investor confidence and a foggy regulatory landscape. As a result, investors have been turning their attention to DigiToads (TOADS) as an alternative investment option that offers financial rewards and an engaging gaming experience.
The presale for DigiToads (TOADS) has already raised over $3 million, with the token price currently set at $0.024 per token, the cost is set to rise to $0.027 in the next phase.. There is potential for capital appreciation as the remaining erc-20 tokens become increasingly valuable and as more players join the DigiToads (TOADS) world.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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.
Photo by Vadim Artyukhin on Unsplash