With Gary Gensler on a warpath suing Coinbase and Binance, he has inadvertently started another flight to DeFi. And the biggest gainers will be alt coins with vibrant ecosystems. Investors should expect massive returns from Polygon (MATIC), Cardano (ADA), and DigiToads (TOADS). As centralized exchanges fight it out in court with the SEC, billions of dollars are already flowing into the decentralized ecosystem, and there has never been a better time to be a DeFi participant. Keep a keen eye on DigiToads, this up-and-coming protocol could surprise everybody.
DigToads (TOADS) Eyes 2,000% Surge
DigiToads was incredibly positioned before all this regulatory drama broke out. Introducing a revolutionary staking mechanic, a play-to-earn game, community-driven trading competitions, and even a native DEX, DigiToads builds a complete DeFi suite. Already poised to become one of the top altcoins, this fast-mover has raised $4.7 million in its presale. And this influx of liquidity into DeFi will act as rocket fuel for the TOADS’ price.
Players can battle amphibians against one another in the Toad-Cade, with the top-ranked players winning the prize pool each season and every TOADS holder receiving an airdrop from the proceeds of the in-game item store. But what has got everyone talking is the NFT staking mechanism. The taxes to enter and leave The Swamp (the DigiToads ecosystem) create a constant supply of liquidity for this payout pool. And with NFTs accruing greater rewards based on stake duration, this 3,500-strong collection has already become trending NFTs and could even become some of the most popular NFTs in DeFi.
Investors can imagine that 2% of every transaction goes to these NFT stakers, and with an additional 2% burnt, these NFT holders will be accruing a deflationary token. Alongside other community features, such as the Platinum Toads initiative which enables the best on-chain traders to aggressively build the TOADS treasury and receive 10% of profits. This utility-backed memecoin has enormous amounts of untapped potential, and analysts share this opinion citing TOADS could quickly surge 2,000% in the coming weeks as liquidity flows into DeFi.
Polygon (MATIC) A Security or Not?
Polygon (MATIC) was one of the numerous tokens listed as a security by the SEC, and although on the surface, this may seem incredibly bearish, the exact opposite is true. Where will Polygon (MATIC) holders move their tokens? Into DeFi. And Polygon’s (MATIC) new zk-EVM will be a significant beneficiary of this liquidity.
This jump-start could be precisely what Polygon (MATIC) needs to put it on a more level playing field with the other dominant layer twos like Arbitrum and Optimism (OP). As the ecosystem grows and Polygon (MATIC) pushes forward zero-knowledge roll-up tech, the tailwinds should be enormous for $MATIC’s valuation. Analysts have already forecasted token trading between $1.53 and $1.82 in 2024.
Cardano (ADA) Welcomes the Voltaire Era
Cardano (ADA) is in the same boat as Polygon (MATIC), also declared a security by the SEC, and the same narrative will play out. There will be a rush of liquidity into Cardano (ADA) wallets for staking and a rush into the DeFi ecosystem.
Ironically Cardano (ADA) has begun its tentative steps towards the Voltaire era that will fully decentralize the network allowing $ADA holders to vote on core protocol parameters. This Proof of Stake project, often ridiculed by Crypto Twitter, still has lots left to give, and even senior analysts remain hopeful, forecasting a range between $0.67 and $0.83 in 2024.
Join the TOADS Presale Today
DigiToads is on a path to success and this new wave of liquidity into DeFi will push the project to new heights. As investors decide what to do with their capital and see the earning possibilities within The Swamp, it will be an easy decision.
This nascent protocol provides a masterclass in tokenomics and the general flywheel economics that power crypto protocols, making them successful. TOADS is firmly in the race to become one of the leading DeFi projects, and when payouts start and TOADS launches on centralized exchanges, investors should be ready for another explosive leg up.
*This article was paid for Cryptonomist did not write the article or test the platform.