Weakness is slowly creeping into the cryptocurrency sector after a solid start to the New Year. Bitcoin (BTC) has so far struggled to find support above $30,000. On the other hand, Binance Coin (BNB) has seen its trading volume drop significantly. In contrast, DigiToads (TOADS), an upcoming meme coin, has posted explosive moves in presale, affirming why it is the next big thing.
DigiToads Transforming Meme Coin Game
DigiToad might be a newer addition to the burgeoning crypto market, but it has left a mark amid a highly successful presale. With more than $2.3 million worth of TOADS tokens, the project is already gaining recognition as a meme coin project well poised to dethrone Dogecoin (DOGE) and Shiba Inu (SHIB).
DigiToads growing popularity has to do with their utilities. Unlike other meme coins that trade purely on hype and speculation, DigiToads has affirmed its status as a play-to-earn and stake-to-earn project. Impacting various aspects of people’s life. In addition DigiToads will have their own metaverse dubbed “The Swamp.”
DigiToads stands out for providing community members with unique and exciting ways of earning while doing fun things in the ecosystem. For starters, people only have to purchase and nurture DigiToads as part of P2E gaming. Then, by simply purchasing food and training equipment, players can ensure their DigiToads are the biggest and strongest in the swamp arena as part of the thrilling Web 3 game.
At the end of each gaming season, the top 25% with the largest and strongest DigiToads will receive a TOAD’S token as a reward.
Players can also earn more TOADS tokens by participating in monthly trading competitions. Players with the highest monthly transaction volume are to earn Platinum Toads, which grants them access to the TOADS treasury and one-twelfth of the network’s wealth.
As a full utility meme coin, DigiToads has also enabled staking in the network, offering another avenue for TOADS token holders to earn some passive income on the side. The staking platform offers an opportunity to stake non-fungible tokens. The longer the NFT is staked in the network, the more the holder stands to earn rewards.
DigiToads has also demonstrated its commitment to sustainability and charity by donating 2.5% of its sales to charities focused on tree planting and the conservation of rainforests.
TOADS is the deflationary token eliciting strong interest in presale as the native token powering the DigiToads ecosystem. The Token holders are entitled to monthly prizes and are free to participate in its governance.
While its total supply is capped at 585M, a token-burning mechanism will avert any risk of inflation by reducing total supply over time.
Binance Token Declining Volumes
While Binance Token, which powers the Binance exchange, is up by more than 25% for the year, it has come under pressure after struggling to find support above the $350 a coin level. The underperformance has to do with the overall cryptocurrency sector moving sideways.
Binance trading volumes have also shrunk significantly as investors remain wary of the impact of the Federal Reserve’s further interest rate hikes. In addition, high valuation levels have also worked against the Binance token, which is trading at a premium amid the uncertainties in the crypto sector.
Bottom Line
While Binance Token is up by about 29% for the year, it remains under pressure as most of its utility and use case depend on trading volume in the Binance exchange. Its lack of utility beyond being Binance native token will always work against it.
On the other hand, DigiToads TOADS token is flying high as a full utility meme coin. Its use case around P2E and NFT staking continues to attract more users into the network, fueling its market demand. Its ability to offer income-generating opportunities as a meme coin also underscores its long-term prospects. The unique features and utility affirm why it is poised to generate more than 100x value for early investors ahead of listing in a major exchange.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
