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The cryptocurrency market has been witnessing a shift where popular altcoins like Ripple and Polygon slide while innovative projects like DigiToads (TOADS) surge in popularity, even though it’s still in the presale stage. The Ethereum-based meme coin has been drawing global attention with its hybrid decentralized finance (DeFi) model that offers an average crypto user the utility of three assets on one platform. It’s multi-utility and innovative model ensures that users don’t run out of options while earning passive income. It’s also why so many analysts have been putting DigiToads on top of their best cryptocurrency ico list for 2023.
Summary
DigiToads is favored by many analysts in 2023
DigiToads is an all-rounder cryptocurrency with cutting-edge features that offer a wide array of opportunities for its users. By merging the features of a meme coin, a play-to-earn game, and a staking portal, the project provides its users with several options like staking, trading, rewards for participation, winning crypto tokens in Web 3.0 games and weekly prize draws to boost their passive income. It has a native token called the TOADS token which is used for any transactional obligation that you may come across on the network.
The TOADS token has been hitting the headline with its presale growth. Currently, in its ninth stage of the presale, the project has managed to collect over $5.7 million in funding so far. Head over to the presale as there is just one more stage left.
For many users, DigiToads’ play-to-earn game is one of its features. With seasons as short as just one month, players have multiple chances to play the game. There is no single winner in the game, as the top 25% of the scorers in a season are rewarded with TOADS tokens. To make it to the end of the game, players have to outperform their competitors while tackling challenges in a virtual swamp. They can trade or buy digital creatures called DigiToads which can up the game with their special powers and superior strength.
To further elevate the game, players can purchase training equipment, food, and potions for their DigiToads. All in-game assets like DigiToads, food, and training equipment will be bought with TOADS tokens. The proceeds from the sale of TOADS tokens will go towards maintaining the prize pool for the game.
Polygon co-founder proposes upgrade to zK Validium
Called one of the altcoins to watch out for in 2023, Polygon is a next-generation platform offering secure and user-friendly tools for scaling Ethereum-friendly dAps and other decentralized systems. Its native token is MATIC and it is the medium of exchange on the network. With the Layer 2 blockchain, users can look forward to deploying optimistic rollup chains, zK rollup chains, and standalone chains, among other tools. Polygon was recently in the news after one of its co-founders Mihailo Bjelic suggested a proposal to upgrade the proof-of-stake blockchain to zKEVM Validium. The upgrade would potentially address Polygon’s security concerns, user experience issues, and legacy tech stack while improving decentralization.
Singapore grants payment institution license to Ripple
Ripple is one of the best cryptocurrencies to buy in 2023 given its track record in helping businesses ramp up their revenue and reach with its enterprise-grade solutions. Its native token is XRP and it’s used for a wide range of transactional purposes on the network. Using Ripple’s blockchain-powered solutions, businesses can source cryptocurrencies, process instant payments, explore new sources of revenue, reduce capital requirements, and target new audience groups.
In a recent development, Ripple announced that it has received in-principle approval for a payment institution license from Singapore’s central bank. The license from the Monetary Authority of Singapore will allow it to offer digital payment token products and services and expand the potential use cases of the XRP token.
Conclusion
If you are having trouble deciding what cryptos to buy now, you can easily choose between Ripple, DigiToads, and Polygon to end the confusion. But what about long-term gains? If you ask analysts, most of them are likely to recommend DigiToads. With a unique economic model that offers the combined utility of three crypto tokens, it allows its users to discover new opportunities and leverage them to create a sustained source of passive income. Going by its stellar presale growth, market experts feel that the TOADS token has the potential to grow by 50x over the next few months.
*This article was paid for Cryptonomist did not write the article or test the platform.
