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Professional crypto investors have officially flipped bullish, and on-chain data shows a heavy accumulation of altcoins. The current lay of the landscape supports this sentiment change, with institutional interest, the arrest of all the large scammers, including Mashinky recently, and the scramble amongst nation-states to attract crypto capital and talent.
Still, the question remains for newer investors, which are the best altcoins to invest in? The predominant emerging narrative has favored new DeFi projects compared to the top altcoins of 2021. They have smaller market caps, fewer underwater holders, and better designs leveraging accumulated knowledge.
Investors can observe this thesis perfectly comparing Tezos (XTZ) and DigiToads (TOADS). Tezos looks weak, and its price prediction is lackluster compared to DigiToads’s presale, which continues to climb and targets $6.5 million.
Summary
DigiToads (TOADS) Presale $6.5 Million and Beyond
DigiToads has become the talk of the town, and this blockchain ICO has already raised $6.4 million. Analysts forecast it will easily eclipse its $6.5 million target and believe the trajectory supports a final presale raise closer to $10 million.
Why has DigiToads overtaken other new ICOs? The same reason any project rises to prominence- product market fit. As the altcoin market becomes increasingly saturated with tokens providing niche and complicated use cases, DigiToads delivers an a-to-z DeFi earning vehicle.
The TOADS ecosystem, appropriately called The Swamp, abstracts away the complexities of DeFi returns for investors and wraps this vehicle in a deflationary token, making it a perfect crypto for beginners.
The Platinum Toads initiative exposes investors to crypto trading returns by selecting the twelve most profitable on-chain traders and gives them remote control of the treasury. This integrates asset management services into $TOADS token ownership.
The NFT Staking mechanic lets users earn passive income by staking a DigiToads NFT, and the play-to-earn game Toad-Cade provides another earning angle. Airdrops, payouts, and deflationary tokenomics make $TOADS a robust and DeFi-native wealth-building tool.
Analysts have already forecast a 2,100% rally in the coming weeks, with more bullish analysts highlighting the potential for a 50X when $TOADS launches on centralized exchanges.Â
Tezos (XTZ) Price Prediction 2024
Tezos (XTZ) introduced the idea of on-chain upgradeability, and its unique architecture allows it to evolve without hardforks. Tezos (XTZ) rose throughout 2021 in the meta favoring alternative layer ones over Ethereum (ETH). But with the reversal of this macro trend, Tezos (XTZ) looks increasingly fragile.
Price predictions forecast Tezos (XTZ) trading between $1.47 and $1.73 in 2024. And this conservative estimate is not unique to Tezos (XTZ). Analysts have revised their price predictions for alternative layer one across the board following the rise of layer two scaling solutions such as Arbitrum (ARB).
The recent Nairobi upgrade failed to move the price of Tezos (XTZ), which will have disappointed long-term holders as rallies typically accompany network upgrades. The fact remains that Tezos (XTZ) represents robust and innovative blockchain architecture. But like all layer ones, Tezos (XTZ) relies on usage for growth, and the migration of economic activity to layer twos will provide significant headwinds for price development.
Closing Thoughts: New Market Leaders to Emerge in 2024
The top altcoins in 2017 were very different from those of 2021. And a new class of market leaders has already begun to emerge, which will solidify in 2024 before a blow-off top in 2025.
Investors must position themselves accordingly, and portfolios weighted towards new DeFi projects will certainly outperform those holding the winners of the last cycle. The DigiToads presale presents an exemplary example of this new up-and-coming generation of protocols poised to outshine the previous cohort. Participate in the DigiToads presale and join the future of DeFi today.Â
*This article was paid for Cryptonomist did not write the article or test the platform.
