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Cryptocurrencies are some of the best investment options because they generate quick returns over a short period. However, given the sector’s size, knowing which project to invest in can take time and effort. Nevertheless, experts have identified DigiToads (TOADS) and Arbitrum (ARB) as they offer unique features and potential for explosive growth in 2023.
Summary
DigiToads a Rising Meme Coin
Built on the Ethereum blockchain, DigiToads is one of the rising stars going above all the other meme coins in offering full utility in the sector. It has taken the crypto community by storm owing to the growing use cases around play-to-earn gaming and NFT staking. It also aims to impact various facets of life through trading and charitable initiatives.
The presale of the network’s native token, TOADS, has already skyrocketed above the $4.3 million mark, affirming the strong demand in the market. In addition, the token is up by more than 140%, with experts predicting gains of over 1000x upon listing in a major exchange.
DigiToads growing popularity has to do with its thrilling Web 3 game that’s attracting most people into the ecosystem. In the game, people get to battle it out by acquiring and nurturing avatar-like creatures dubbed DigiToads.
The ultimate goal is to ensure one’s avatar is the largest and strongest in the swamp metaverse, which can be achieved by buying food potions and training equipment. Gamers who come out on top in the leaderboard with the strongest and largest DigiToad are to be rewarded in TOADS.
The gamified approach is not the only way to earn in the ecosystem. DigiToads is to run monthly trading competitions through which people with the highest trading volumes are to be rewarded. At stake are Platinum Toads as monthly prizes that will accord holders the right to access the TOADS treasury
Additionally, DigiToads has set out to impact people’s lives through staking. It has established an NFT staking pool whereby people can stake their NFTs for an opportunity to earn some income. In the platform, up to 2% of all TOADS transactions will be added to the reward scheme. DigiToads’ commitment to sustainability is further affirmed by its move to set aside up to 2.5% of all profits to be used in charities focused on conserving the environment. It will mostly target programs focused on replanting trees and conserving the rainforest.
TOADS is the deflationary token that is to enable everything in the ecosystem, from facilitating the buying of in-game items to paying for transaction fees. With a limited supply of 585M coins, a token-burning mechanism will reduce supply over time, thus fueling scarcity expected to trigger value appreciation.
Arbitrum Scaling Ethereum Blockchain
Arbitrum was one of the most anticipated tokens when it went live in March. However, after an explosive start as a new layer 2 scaling solution, its native token has come under pressure shedding nearly 60% in market value. The hype came on the project announcing it would distribute more than 1 billion tokens to developers and investors as part of an airdrop.
Despite the recent pullback, many experts predict that the token could double in value. Its long-term prospects hinge on its layer 2 scaling capabilities, allowing it to make Ethereum run faster, better, and more efficiently. Its edge stems from rolling tens of thousands of transactions into a single batch, therefore, reducing congestion on the Ethereum network. Its ability to process over 40,000 transactions per second sets it apart from Polygon (MATIC) and Optimism (OP), which are also gunning to be Ethereum scaling solutions.
Bottom Line
DigiToads star continues to shine brighter thanks to its unique combination of utilities and growth potential on P2E gaming, NFT staking and trading. Increased focus on projects with unique features and utility sets the project apart from Dogecoin and Shiba Inu, which have dominated the meme coin sector. Likewise, experts expect its TOADS token to explode in 2023 as investors turn their attention to projects with real-world applications.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
*This article was paid for Cryptonomist did not write the article or test the platform.
