Amid Ripple (XRP) Price Decline, DigiToads (TOADS) and Polygon (MATIC) See an Exponential Surge in Social Dominance
Crypto adoption snowballs, and the introduction of layer three chains promises the infrastructure and scalability for true global use. The groundwork laid for the next cycle from a technical and capital perspective (VC funding) massively outweighs the prior cycles, leading to an inevitable conclusion. The coming bull run will be the most significant crypto has ever witnessed.
Investors will have the chance to make outlandish returns, and a general emerging thesis is that the best altcoins to invest in are new DeFi projects or DeFi companies shipping scalability upgrades. This plays out perfectly amid Ripple’s (XRP) decline, as DigiToads (TOADS) and Polygon (MATIC) see an exponential surge in social dominance.
DigiToads (TOADS) ‘‘Third-Generation Memecoin’’
DigiToads has been hailed as a smash-hit blockchain ICO due to raising more than $6.2 million in its presale. Its unique self-propagating ecosystem also makes it a perfect crypto for beginners. Why? This next-gen memecoin takes the genre’s classic virality and dynamic price action and introduces a sophisticated economic model to create a powerful flywheel.
The Swamp, the DigiToads ecosystem, features a native DEX where users can earn through liquidity provision. Additionally, this DEX generates revenue for the ecosystem. The NFT staking mechanism introduces a new utility for NFTs, and owners of the DigiToads NFT Collection will begin receiving payouts on August 21st.
The Platinum Toads initiative gives the community’s best traders remote control of part of the treasury. At a high level, this means all $TOADS holders benefit from a crypto-native asset management service. And Toad-Cade, the play-to-earn game, opens another revenue stream for players who finish the season in the top 25%.
Tying together all these groundbreaking features is the $TOADS token, which employs a deflationary model. The holders benefit from all the revenue generation in the ecosystem, which DigiToads distributes to holders through airdrops, payouts, and protocol-level scarcity (burning).
Analysts have already forecast 450% gains before the presale closes and the potential to 50X when $TOADS launches on centralized exchanges.
Ripple (XRP) Surges Then Capitulates
Ripple (XRP) made an astounding rally last week when a US judge declared that Ripple (XRP) was not a security. This was a huge blow to the SEC but a massive gain for crypto. Ripple (XRP) shot up nearly 70% the same day but retraced close to 30% the following day.
Ripple’s (XRP) price decline was inevitable. The media attention surrounding the court case and the huge spike drew less experienced investors into trades, and more seasoned market actors used them as exit liquidity.
Price predictions for Ripple (XRP) have become far more bullish following the ruling. Analysts predict an expected range between $0.81 and $1.80, which could still be considered conservative given the landmark decision in Ripple’s (XRP) favor.
Polygon (MATIC) Introduces Polygon 2.0 and $POL
Polygon (MATIC) is another token that investors should be paying attention to. Polygon 2.0 seeks to introduce a new value layer to the internet composed of zk-EVMs with cross-chain functionality. The entire Polygon (MATIC) 2.0 ecosystem will feel like using a single chain- a serious upgrade to a project already ranked as one of the top altcoins.
The new token announcement, $POL, will be the utility token of this new hyperstructure, validate multiple chains, and earn the native tokens of these chains. $POL will also have a lower inflation rate than $MATIC, which has made supporters bullish and explains Polygon’s (MATIC) surge in social dominance. Analysts are likewise bullish, forecasting $POL trading between $1.88 to $2.31 in 2024.
Closing Thoughts: Social Dominance Will Lead to Outperformance
Social dominance and investor intrigue are early signs experienced market actors always observe. Why? Crypto relies on market demand more than any other asset class; crypto projects derive their valuation solely from market demand. Hence, the projects which attract attention and accrue social dominance will be the assets that outperform. The DigiToads presale has already attracted social attention and presents a perfect opportunity for investors who want to join a protocol in the early stages before it explodes in value.
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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.
