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Crypto investors’ central priority should be profitability. This means understanding the movement of capital and attention throughout the space, and one trend that cannot be ignored is the shift of tech titans joining the memecoin movement. Shiba Inu (SHIB), DigiToads (TOADS), and Dogecoin (DOGE) have witnessed an unparalleled rise in popularity, and where attention and interest go, gains always follow.
This flood of attention for memecoins signals more broadly that market sentiment is improving. Investors who do not want to get left behind need to start building their portfolio for the bull market before the firing pistol starts, and they get left on the sidelines holding cash.
DigiToads (TOADS) The New Memecoin King
DigiToads look to dethrone Shiba Inu (SHIB) and Dogecoin (DOGE). And the suite of DeFi products introduced by the native ecosystem, The Swamp, makes this blockchain ICO a likely contender for the job.
An explosive presale already eclipsing $6.5 million has drawn attention to DigiToads, and analysts diving into the whitepaper confirmed the potential for $TOADS to 50X before the end of 2023.
All the earning opportunities contained within The Swamp will increase the desirability to $TOADS ownership leading to an increasing valuation. Paired with the burning campaign funded by the Toad Tax, the result is constant upwards price pressure.
The NFT Staking mechanism takes the DigiToads NFT Collection and turns these digital collectibles into cash-producing assets. Users can stake and enjoy deflationary $TOADS payouts, and the Toad Tax ensures their sustainability.
Toad-Cade, the play-to-earn game, is another angle where users can generate cash via battling toad NFTs. The top 25% ranked player will receive a percentage of the prize pool each season, and the in-game store that allows players to customize their toads will utilize part of the revenue to airdrop $TOADS to the entire community.
The Swamp also contains numerous other features, such as charity initiatives, active treasury management mechanisms, a native DEX, and an educational platform. This robust provision of services and utility explains the rampant popularity of TOADS and its ability to soar 50X.
Shiba Inu (SHIB) Launches Beta Bridge
Shiba Inu (SHIB), alongside the other native ERC20 coins $BONE and $LEASH, has been in an uptrend following the launch of Shibarium’s Beta bridge. This bridge lets users move their funds from the Ethereum (ETH) mainnet to the native Shiba Inu (SHIB) scaling solution and will drive an influx of fresh liquidity.
Shibarium has executed 33 million transactions. The added utility for $BONE to pay gas fees adds an excellent organic source of buy pressure for Shiba Inu (SHIB) ecosystem tokens. Analysts remain bullish on $SHIB, forecasting a potential high of $0.00002026 in 2024, broadly citing the continued pivot towards delivering utility.
Dogecoin (DOGE) Integration on X?
Dogecoin (DOGE) has been rising in popularity, and Musk’s favoritism combined with the transition of Twitter into X as a super makes $DOGE one of the altcoins to watch. Musk’s plans to add payment infrastructure to X naturally alighted suspicions of a Dogecoin (DOGE) integration.
This would drive enormous buy pressure for Dogecoin (DOGE) and likely lead it to become one of the best altcoins to hold prior to its integration. However, Musk’s temperament remains famously pernicious, and analysts have estimated a more conservative price for Dogecoin (DOGE) between $0.20 and $0.24 in 2024.
Closing Thoughts: Securing a 50X
The race to become one of the best DeFi projects in the next cycle has already begun, and DigiToads’ impressive presale figures put it in the lead. Much of Shiba Inu’s (SHIB) success hinges on its transition toward utility, and TOADS takes this to an entirely new level.
Set to launch on Uniswap on August 21st, and following this launch on major centralized exchanges, the future looks incredibly bright for $TOADS holders.
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