SPONSORED POST*
Michael Saylor has announced his plans to buy even more Bitcoin (BTC), and on-chain data shows that smaller investors are also taking advantage of the current prices to buy the dip. However, instead of $BTC, these investors target top altcoins with higher ROI potential.
Why are investors massively investing in Polygon (MATIC), DigiToads (TOADS), and Monero (XMR)? The reason is simple. All provide unique use cases which have become increasingly valuable in the current meta. This article dives into all three projects and why they make fantastic additions to any portfolio.
DigiToads (TOADS) The DeFi FlywheelÂ
DigiToads has created an ecosystem, The Swamp, that delivers a powerful DeFi-native flywheel. The Swamp features several mechanisms, including NFT Staking, the Platinum Toads initiative, a native DEX, an educational platform, and a play-to-earn game.
These features provide payout mechanisms for investors in return for their services in helping The Swamp grow. Every element generates revenue to grow the ecosystem, and together they address the broad mission of DigiToads expansion.
NFT Staking provides payouts for the holders of the DigiToads NFT Collection. 2% of all ecosystem transactions get channeled to this pool. These are easily some of the best NFTs to invest in this year.
Hosting a native DEX, the Trading Post, is an innovation analysts expect to become more popular amongst new DeFi projects. Liquidity providers earn, and traders can swap. The inclusion of a native DEX allows The Swamp to capture all of the value created by this economic activity instead of it going to another dApp.
But the real growth driver and the mechanic that led analysts to forecast the potential for $TOADS to 50X by Q1 2024 is the Platinum Toads initiative. This treasury management system puts the treasury in the hands of the best community traders. It means all $TOADS token holders gain exposure to crypto trading profits by default.
These mechanisms combine to form a self-propagating ecosystem capable of quasi-limitless growth. And $TOADS is undoubtedly one of the altcoins to buy in 2023.
Polygon (MATIC) The ZK Rollup Race
Polygon (MATIC) leads in the zero-knowledge race and will soon transform the Proof of Stake sidechain into a validium- a zk rollup. Scaling Ethereum (ETH) has become the growth vector in this bear market, and although optimistic rollup solutions have gained an initial lead. Crypto experts expect zk rollups to become dominant over an extended period.
Polygon (MATIC) continues to push updates, and its unique cross-chain interoperability system will mean all zk-EVM created by the network will function effectively as one large super chain.
Analysts remain incredibly bullish on this infrastructural play citing a potential range between $1.15 and $1.37 in 2024 for $MATIC.
Monero (XMR) The Privacy Crypto
Monero (XMR) launched in 2014, enabling users to transact anonymously. The concept behind this privacy-focused token is straightforward: allow blockchain transactions that obscure the sender, recipient, and amount. Monero (XMR) implements advanced cryptography to make this possible.
Users have flocked to Monero (XMR) as governments worldwide roll out CBDC pilots and programs. Additionally, the increasing understanding of the pseudo-anonymous nature of blockchains has increased the demand for true anonymity.
Analysts see this trend continuing explaining their bullish range for $XMR, which they expect to trade between $256.95 and $321.60 in 2024.
Closing Thoughts: Diversification Based on Market Demand
The best altcoins to invest in will always depend on market demand. Understanding what the market values allows investors to construct more effective portfolios. $TOADS provides an all-in-one DeFi earning journey, $MATIC is a bet on the future of Ethereum scaling, and $XMR is a vote for privacy.
Together they form an excellent and diversified portfolio. For investors who want to secure the type of returns only found in crypto, there is no better place to start than the DigiToads presale.
*This article was paid for Cryptonomist did not write the article or test the platform.
