Most altcoins struggle to stand out of the crowd. Other than Ethereum, most still have much to prove as long term projects. AAVE and Monero are two platforms in this category, even as DigiToads (TOADS) continues to gather momentum from its presale.
This market shows the importance of dynamism and uniqueness. Crypto investors need a project that is ready to innovate and has an edge over sector competitors. DigiToads looks to fit this mold as a utility memecoin, which is remarkably different from the unserious model most memecoins adopt.
Accordingly, DigiToads got off to a fast start in its presale. Investors continue streaming in as the presale heads to a conclusion on 15th August 2023. The presale has raised over $6.8 million, with more to come before the launch. This enthusiasm is indicative of the market receptiveness to unique ideas even as the project prepares for launch on 21st August 2023.
AAVE AND XMR struggling for traction
The Aave (AAVE) protocol was one of the success stories of the decentralized finance explosion after 2019. This protocol facilitates crypto lending, which is one of the core aims of decentralized finance. It allows users to access crypto loans by depositing digital asset collateral. You can also lock up funds in the platform to provide liquidity for those who seek to access finance for yield.
Monero (XMR) is synonymous with privacy. This project is so good at what it does that some countries like South Korea have banned it for defeating disclosure requirements. The regulatory challenges have also forced some exchanges to delist XMR.
These tokens have stagnated of late. Monero’s struggles partly result from its very nature while Aave is yet to distinguish itself from similar projects in the DeFi landscape.
DigiToads has the momentum
Meanwhile, DigiToads is having a dream presale and looks set for a big launch. Early investors in the project have already made a 400% return on investment on their holdings. The current presale price of $0.050 lasts for a short window before the launch price of $0.055 kicks in on its launch date.
This uptick is the final moderation the development team will have on prices. Thereafter, the price is up to the market. Going by presale momentum, this project has solid prospects of becoming the next 100X crypto.
Why the anticipation? DigiToads depart from the standard playbook of a memecoin. The project is a play-to-earn gaming ecosystem where users can create value through their gameplay. This possibility compounds the fun of a memecoin and ensures that the thriving community keeps TOADS tokens prices decent.
Additionally, the toad concept is the inspiration for the game’s Non Fungible Token (NFTs) collectibles. Players can mint and stake these NFTs to ensure they benefit from a percentage of TOADS transaction fees. Staking will be available from August 21st, 2023, and users can begin minting now at https://mint.digitoads.world/
DigiToads is sticking out of the crowd for daring to be different. It would be easier to imitate Dogecoin and hope the similarity proves lucrative. This project is charting its course and looks to become a standout performer at launch. At the launch price, investors will have made a 450% ROI and are hoping for more.
Such momentum could mean that DigiToads will be one of the best new projects of the year. The team is working on the final details of the gaming ecosystem to ensure operations are smooth at launch. This project could permanently transform the structure and focus of memecoins upon launch.
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