Newcomer Memecoin Amasses $6.9M: A Threat to Dogecoin’s Reign in 2023?
The cryptocurrency market moves at an astonishing pace as traders and investors constantly look out for high-achievers. DigiToads (TOADS) is in rarefied air as it concludes a successful presale and prepares for launch.
Dogecoin was never meant to get far. However, the market had other ideas, and it soon became one of the hottest assets around. Such is the power of crypto investments, where intuitive investors who read trends can capitalize immensely.
The DigiToads presale is ending on 15th August, 2023. In a remarkable development, the project has raised more than $6.9 million after only a few weeks of the presale. This haul is indicative of the potential investors are seeing. DigiToads heads for launch on 21st August with momentum for further significant gains.
Does Dogecoin have a ceiling?
The success of Dogecoin baffles industry analysts to this day. You have a project that eschewed any pretense of being serious but became one of the biggest names around. Dogecoin’s historic 18,000% appreciation in 2019 made many instant millionaires.
However, the DOGE has significant volatility, even by crypto standards. This coin experiences massive rallies and corrections in quick succession. Users can barely use it for any purpose beyond speculative purchases. This structure means that Dogecoin occupies a specific niche in this sector and cannot grow in stature without losing its unique appeal.
Therefore, Dogecoin cannot rebrand this late and will retain its pure memecoin credentials. However, those looking for a coin with more upside may want to look at other projects which are still innovating.
DigiToads could pose a challenge to Dogecoin
Most memecoin alternatives try to copy Dogecoin’s model. Shiba Inu is the most direct, with the most direct imitation including Dogecoin’s logo. DigiToads (TOADS) aims to be the next memecoin king without imitating Dogecoin. This vision involves the launch of a play-to-earn gaming ecosystem for users to create value. The game involves nurturing digital toads in a wetland ecosystem to earn rewards in TOADS tokens. Game development is almost complete to have a quality and tested product upon launch.
Accordingly, investors are scooping up tokens like hotcakes. The project is currently at its tenth and final stage of its presale with tokens retailing for $0.050. This price could prove to be a steal once markets propel the token upon launch.
TOADS has created a return on investment of 400% for its investors at the tenth stage of the presale. On launch date, the price ticks up to $0.055, and investor ROI ticks up to 450%. Such margins are gaining investor attention, explaining the rapid gains in the presale.
DigiToads is also implementing NFT collectibles for its users. These collectibles ensure that the users can create more value from their digital assets. In a rare addition, it is possible to stake the NFTs for a share of the platform’s transaction fees. Accordingly, there are significantly more possibilities for users on the platform than standard memecoin platforms.
NFT staking will be available from 21st August 2023. That said, you can begin minting NFTs at https://mint.digitoads.world/
Conclusion
DigiToads is not here to take part, it is here to take over. The project is clear in its intention to surpass Dogecoin and not merely imitate the DOGE. Such bold implementation is necessary to rise to the higher echelons of crypto.
Investor uptake continues to impress. The 400% return on investment already is conjuring imagination of the next 100 X crypto. All eyes are on the launch event to see how high the token rises.
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
