The cryptocurrency market has hit a rough patch as two popular cryptocurrencies are facing strong volatility. Both Cardano and Ripple have been impacted by global economic uncertainty. The only silver lining in these gloomy times is the DigiToads (TOADS) presale growth. The ERC-20 meme coin recently hit the headlines by crossing $5.7 million in presale funding. The key USP of the cryptocurrency is its dynamic model that captures the utility of different cryptocurrencies and opens up new avenues for its users.

DigiToads: Topping every analyst’s best cryptocurrency ico list

DigiToads is an upcoming cryptocurrency that is topping popularity charts because of its nuanced DeFi model. Its model has been developed by fusing three different cryptocurrencies — a meme coin, a stake-to-earn portal, and a play-to-earn game. So, you can explore opportunities like staking NFTs, trading tokens, and winning cryptocurrencies in Web 3.0 games on one platform. DigiToads also has a native token that’s called the TOADS token which is used for various transactional purposes that one may encounter on the platform.

The TOADS token can be bought on presale. With eight of 10 stages complete, the project has so far raised over $5.74 million in presale funding. While there is no vesting period for the tokens, users should know that they would have to pay a 7% tax if they decided to sell the token. The proceeds will go towards maintaining the NFT staking pool, the liquidity pool, and the treasury.

A notable factor about the TOADS token is its use in implementing DigiToads’ decentralized governance structure. The structure has a community-centric focus where all stakeholders get a chance to express their views and concerns about the platform. All TOADS token holders get exclusive voting rights which they can use while voting for proposals seeking crucial changes in the DigiToads ecosystem and are pitched by other community members.

These changes are usually concerned with operational matters like the launch of a new product, token generation, or additions to the NFT marketplace. Token holders also have the leeway to move new proposals.

Over time, the DigiToads team will be working on adding many new features to the ecosystem. For instance, community members will be able to attend sessions on cryptocurrencies at a virtual think tank that will be launched by the team. The think tank will be called the ‘TOADS School’ and the only requirement to attend its sessions would be to hold at least three TOADS NFTs.

Indonesia to now allow Cardano trading

Cardano is an open-source blockchain that offers a wide array of tools for deploying dApps and other kinds of decentralized infrastructure. Its native token ADA is the main cryptocurrency of the network. Rated as one of the altcoins to watch out for in 2023, Cardano owes its productivity to the Ouroboros protocol which is based on peer-reviewed research and an evidence-based methodology. It’s also one of the biggest blockchains to have successfully used the proof-of-stake consensus protocol to ramp up its network’s efficiency. Cardano recently hit the news after making it to the list of cryptocurrencies that can now be traded as a commodity in Indonesia.

Will Ripple maintain its bullish momentum?

Ripple is one of the best cryptocurrencies to buy in today’s market and it has been driving impact for businesses by helping them leverage blockchain technology to achieve positive business outcomes. Ripple’s enterprise-grade solutions can help businesses drive revenue, process faster payments, interact with new audience groups, lower their capital requirements, and source cryptocurrencies. Its native token is XRP and it is used for processing all kinds of transactions on the network. The XRP token’s popularity has pushed its popularity through the roof. In the coming months, analysts feel that the XRP token would be maintaining its bullish surge.

Conclusion

If you are confused about what cryptos to buy now, you can easily choose between DigiToads, Cardano, or Ripple. While both Cardano and Ripple have their strengths, analysts believe they lag behind DigiToads in terms of growth potential. Analysts who have reviewed DigiToads believe that its unique passive income-yielding economic model gives it an edge as users can explore more than one way to boost their residual incomes. In the near future, they suggest that the token can potentially grow by 40x.

Visit DigiToads Presale

Mint DigiToads NFTs Here

Buy DigiToads NFTs on OpenSea

Join the community

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.