Top Crypto Analyst Affirms that This Dogecoin Rival is Expected to Register Promising Growth Similar to Polygon (MATIC)
The cryptocurrency market is a dynamic place to be in as there are new trends every day. The market is currently experiencing a renewed interest in meme coins like Dogecoin. Even as the dog-themed meme coin posts impressive results, analysts are optimistic about another meme coin that they feel can outperform not just Dogecoin but also many other popular altcoins like Polygon. Called DigiToads (TOADS), the Ethereum-based meme coin has taken the crypto market by storm with its cutting-edge features. DigiToads model leverages hybrid DeFi which makes it a multifaceted platform. Its other USPs include decentralized governance, a deflationary token, and a lucrative staking mechanism.
DigiToads: A game-changer for the 2023 crypto market
DigiToads is a state-of-the-art platform that is built using hybrid DeFi. The platform stands out as crypto users can explore multiple options for earning residual income on it. These options include trading, staking, playing Web 3.0 games, participating in various contests like trading competitions and even bagging airdropped rewards for active participation on the platform. Its native cryptocurrency is the TOADS token and it can be bought on presale. Till now, DigiToads’ ico has collected over $6.2 million in presale funding.
For many analysts, DigiToads is one of the best crypto investments of 2023 because of its play-to-earn game. The Metaverse game is designed as an arena-style swamp where players try to outdo each other to score high. The highest scorers of a season are rewarded with TOADS tokens. As each season is just a month long, players can get several chances to play the game in a year.
The most exciting part of the game is its in-game assets. For instance, players can buy or trade a special digital creature if they need help in defeating their rivals in the swamp. These creatures are called DigiToads and have great strength and powers. To further improve their DigiToads’ strength, players can even purchase training equipment, food, and potions for them. All these in-game assets will be purchased with TOADS tokens.
The DigiToads team will be rolling out an online think tank for its NFT owners where they will be able to access informative sessions on cryptocurrencies.
Is Dogecoin headed for a bull rally?
Dogecoin is one of the top crypto coins that one can get their hands on in today’s market. It’s based on memes that were inspired by a dog breed that’s found in Japan. The meme coin has a native cryptocurrency called DOGE. Rather than using a consensus protocol, the meme coin leverages the Scrypt technology for securing its network. Also, its supply is uncapped and new tokens are generated through mining. Interested professionals can mine DOGE tokens either by joining a mining pool or by operating solo. In the recent past, the DOGE token has been witnessing a lot of positive price action. Going by its recent performance and other market indicators, analysts suggest that the DOGE coin has the potential to maintain its bullish price movement.
Rightsfually to build new service on Polygon
Rated as one of the best altcoins to buy now, Polygon leverages the power of zero-knowledge technology to offer a collection of Ethereum-scaling tools. From deploying dApps to public and app-specific blockchains, Polygon has a tool for all things DeFi. Its native token is MATIC which is not only used as a medium of exchange on the network but also for staking. In a recent development, blockchain-based media platform Rightsfually announced that it would be partnering with Seracle to implement a blockchain cloud service on its network. Under the partnership, Rightsfually will be building the solution on Polygon by leveraging Seracle’s Lightnode framework.
Conclusion
While both Polygon and Dogecoin have their individual strengths, DigiToads enjoys an edge over them because of its higher growth potential. The platform financially empowers its users by providing them with multiple options to boost their passive earnings. These opportunities can even be leveraged to create a sustained source of funds. What aids DigiToads’ growth potential is the TOADS token’s deflationary character. Lastly, as community members are encouraged to engage with the platform and participate in the decision-making process, they end up behaving in a way that’s in the best interest of the platform. The TOADS presale has managed to attract many buyers and analysts believe that this new cryptocurrency could potentially register huge gains after listing on mainstream exchanges.
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Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
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.
