SPONSORED POST*
Monero is arguably the face of the privacy-centric side of the blockchain. Like most coins, its growth has stagnated due to the bear market. Meanwhile, DigiToads is concluding a successful presale showcasing the contrasting fortunes in this sector.
Privacy is certainly a crucial consideration for some crypto enthusiasts. Most coins only offer the possibility of pseudonymous usage with transactional information still visible on the public ledger. This project was consistently among the top ten coins for years.
DigiToads is a second-generation memecoin looking to build on the progress in this sector. It adds utility to gaming just like Ethereum to the blockchain scene. DigiToads has raised over $6.1 million in its presale as it heads for launch in August 2023.
Summary
Monero (XMR) has hit a plateau
Relative to most tokens, Monero has held up well. However, those looking for positive price action may have to look elsewhere as this asset has just about kept steady over the past year. Monero launched in 2014 and became an instant hit for those seeking more privacy in their transactions.
XMR transactions obscure senders and recipients’ identities to ensure that payments are not easily traceable. This obfuscation relies on advanced cryptography to ensure users can transact with ultimate privacy. Unsurprisingly, Monero got some regulatory scrutiny for its anonymous transactions, and some countries like Japan and South Korea have banned anonymity-enhancing tokens.
The privacy theme has served Monero well. That said, the project has not shown much progress recently as its core usage appeals to a specific demographic in the market.
DigiToads (TOADS) continues to soar
Few projects thrive in a bear market. Investors are typically cautious and want to pick select projects with great potential. TOADS presale is in its ninth of ten stages, with tokens retailing at $0.047, soon to pick up to $0.05.
The current price places the return on investment at 370%. Upon launch DigiToads will retail for $0.055, representing a 450% gain for early investors. Such huge margins, even before the token launches are incredibly impressive.
TOADS is at the heart of the gaming ecosystem, creating value for participants. This model is remarkably different from existing memecoins that run with the popularity of the underlying meme only. DigiToads looks to augment this space with a play-to-earn game that also features in-game NFT collectibles. Notably, TOADS is an ERC-20 token meaning broad compatibility with Ethereum wallets like Metamask.
Additionally, it is possible to stake the NFTs, which is fantastic for value retention. The staked NFTs allow stakers to earn a portion of TOADs tokens transaction fees. Users shall be able to stake the NFTs and can now mint NFTs now at ttps://mint.digitoads.world/Â
Conclusion
Monero did well to remain relevant in the cryptocurrency sector for a decade. That is more than you can say for most projects. However, investors looking for an upside are looking at ascending tokens like DigiToads for high gains. This project could be a catalyst for a market rebound. Investors are looking for new assets to place their funds in as familiar favorites struggle to inspire.
DigiToads can become a flagbearer of a new breed of cryptocoins. This project is seeking to disrupt the status quo in a very one-dimensional industry. Crypto markets are showing a positive response from the presale and the full launch on 21st August, 2023, should be exciting.
*This article was paid for Cryptonomist did not write the article or test the platform.
