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The world of cryptocurrencies has continued to captivate investors and enthusiasts alike, with digital assets presenting unprecedented opportunities for exceptional growth and innovation. Among the myriad of blockchain projects, Ethereum (ETH) has long reigned as a leading force reshaping decentralized finance and fueling the evolution of smart contracts.
As Ethereum aims to soar beyond the $2,000 mark, another intriguing contender, DigiToads (TOADS), is rising in the crypto space. DigiToads has caused a storm in the crypto sphere leading investors to wonder if its presale can reach the $7 million mark in the coming weeks.Â
Summary
Will the DigiToads presale reach $7 million?
The DigiToads presale has been causing waves in the cryptocurrency market since its beginning in early 2023. Propelled by a vision to revolutionize NFTs and decentralized gaming, the novel project promises to unleash a new wave of creativity and interactivity.
As excitement builds around DigiToads long August, investors are eagerly pondering whether this ambitious endeavor can achieve the remarkable milestone of reaching $7 million. So far, the presale, which has recently entered its 10th and final stage, has sold more than 369.8 million TOADS tokens, raising upwards of $6.2 million. With the price standing at $0.05, investors are hopeful that the presale will soon hit the $7 million mark before the presale ends.
DigiToad’s unprecedented presale growth is sparked by the array of unique features that make up the DigiToads ecosystem. For starters, DigiToads has an NFT staking platform that allows investors and owners of the DigiToads Friends NFTs to stake their non-fungible tokens and make a passive income. The platform has a staking pool that is funded by 2% of the taxes charged on every transaction.
A further 2% of the 7% tax is used to buy back Toads tokens and burn them, giving the TOADS tokens a deflationary characteristic. This makes the circulating supply of DigiToads decrease, creating scarcity and ramping up the value of the token, as demand increases.
Another exciting feature of the DigiToads platform is its play-to-earn-gaming model. This game, known as the Toad-cade allows web-3 gaming enthusiasts to collect, breed and nurture digital creatures known as DigiToads. Each DigiToads is a unique NFT that is different from all other toads in the ecosystem. Players can enhance the size and characteristics of their DigiToads by purchasing different portions and foods from the marketplace to prepare their toads for battle.
The battle season lasts every month, giving players a chance to showcase their skills. The top 25% of players are rewarded with 50% of the proceeds from in-game purchases. A further 10% of these profits is airdropped to all TOADs holders, allowing them to benefit from the gameplay, even if they don’t participate.
DigiToads also has a trading school where investors can take courses to help them become better traders and market participants. Graduates of this Toads school will have a unique opportunity to make use of their school once the Trading post, DigiToads decentralized exchange launches.
Better still, DigiToads is one of the few environmentally conscious cryptocurrency projects in the market. The platform pledges to donate 2.5% of its profits to a charity focused on the rehabilitation of the Amazon rainforest. This makes DigiToads one of the best investment options for environmentally-conscious investors.
Will Ethereum hit $2k in August?
Ethereum reached its peak price of $2,132 in April 2023, but it has since struggled to regain this bullish momentum. Ethereum’s subdued action has led to a dramatic decrease in the discussions about the cryptocurrency project. However, as is usually the case with altcoins, the limited discussions have led to growth for the asset, leading to continued recovery from the 15% decrease in July. According to predictions made by different cryptocurrency experts, Ethereum is well on its way to hitting the $2000 market in August 2023.
Final word
August is set to be an exciting month in the cryptocurrency market as investors eagerly await the growth of ETH to $2,000. Meanwhile, DigiToads is expected to raise more than $7 million, in its presale, giving it a solid financial footing as it begins its journey after the August 15th launch. All eyes are on these two projects as crypto enthusiasts wait to see what will happen to them in the coming days.
*This article was paid for Cryptonomist did not write the article or test the platform.
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