Conflux (CFX) and Kava (KAVA) face strong resistance in the market, depicted by strong price movements to the downside. In contrast, DigiToads (TOADS) has turned out to be a bright spot in a bear market, rallying by more than 140%, and its presale is on track to raise millions. The opportunity to buy into DigiToads meteoric rise at discounted levels is fast coming to an end.
DigiToads A Better Meme Investment
DigiToads raising more than $4.7 million in presale comes at the backdrop of experts terming it the next meme king. Backed by solid and proven utility around play-to-earn gaming, staking-to-earn, and trading, the Ethereum-powered project is increasingly eclipsing Shiba Inu (SHIB) and Dogecoin (DOGE). With expected gains of over 5,000%, it is on course to eclipse the Pepe coin as the next big thing in the meme coin space.
Its growing popularity is due to its synchronized ecosystem that seeks to provide users with multiple avenues of making money. Top on the list is a thrilling Web 3 game whereby gamers only have to acquire and nurture DigiToads for an opportunity to earn some TOADS tokens.
By simply purchasing food and training equipment, gamers can nurture their avatars to be the strongest and largest in the Swamp arena. At the end of each gaming season, the top 25% of players in the leaderboard are to walk away with TOADS tokens as rewards. DigiToads has already committed 50% of all profits generated from the sale of in-game items to be used in rewarding the gamers.
DigiToads’ multifaceted approach has also seen it establish a staking platform as part of its decentralized Finance ambitions. Users can stake their non-fungible tokens in the platform to earn some residual income. The longer one stakes, the more earnings they stand to generate on DigiToads, setting aside 2% of every TOADS transaction to the staking pool.
In addition to earning through staking and P2E gaming, people can also take advantage of monthly trading competitions. Traders with the highest trading volume will win Platinum TOADS, which they can use to access the TOADS treasury.
DigiToads has also affirmed its commitment to conserving the environment. Consequently, it is to set aside 2.5% of all profits generated in the ecosystem to be used in projects committed to conserving rainforests and planting trees.
TOADS is the deflationary token that is making everything possible in the DigiToads ecosystem allowing holders to stake NFTs, purchase in-game items, and pay transaction fees. While the token has exploded by more than 140% since going on sale in presale, it is projected to increase by more than 1000% as its total supply is expected to decrease over time. There is a token-burning mechanism that will ensure more TOADS tokens are burnt therefore fueling artificial scarcity to pump up value.
Conflux Loses Momentum
Conflux was at one point the best-performing crypto rallying by more than 1800%. At its peak, it was on course to break into the list of the top 50 cryptos by market cap. Fast forward, its fortunes have turned sour, and the Chinese-backed blockchain network has come down tumbling. It’s already down by more than 30% from its 2023 highs.
The hype around Conflux came from it being viewed as the Chinese Ethereum for developing smart contracts and decentralized applications. In addition, it skyrocketed off the charts on becoming a public blockchain in China and receiving the Chinese government’s blessings.
Kava
Kava is another decentralized finance token that has seen its fortunes turn sour even as DigiToads continues to set records. The token is already down by more than 30% from its 2023 highs. The deep pullback comes on the overall sector turning bearish after an explosive start to the new year.
Kava rose to prominence as a peer-to-peer borrowing and lending hub poised to bring the service to the Cosmos blockchain. Its primary goal is to help people connect their wallets so that they can deposit cryptos and take out a stable loan on them.
Bottom Line
While the overall cryptocurrency sector remains under pressure depicted by Kava and Conflux sell-offs, DigiToads offers a once-in-a-lifetime opportunity to buy a breakthrough token at highly discounted levels. The strong demand in presale comes from strong interest from whale investors. Experts are already predicting gains of more than 1000% with the launch of the TOADS tokens in centralized exchanges.
For more information on DigiToads, visit the website, join the presale, or join the community for regular updates.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.