image 390Each passing day presents an opportunity to bet on the burgeoning cryptocurrency sector. New opportunities are increasingly cropping up as the industry bounces from last year’s ferocious sell-off. On the other hand, DigiToads (TOADS) is a new project on the scene with a 10X growth projection that promises to outperform Algorand (ALGO) and Aave (AAVE).
DigiToads Growth Prospects
In a field where it can be challenging to know which project to invest in, DigiToads is a no-brainer. The full utility meme coin stands out from the pack in providing innovative ways to reward investors. Its push to impact multiple facets of life has seen it emerge as a firm favorite for investors going by the highly successful presale that has already raked in over $1.4m.
The Ethereum-based project’s growing popularity has to do with its utility around play-to-earn (P2E) gaming. It has unveiled a thrilling Web 3 game where players are rewarded for acquiring and nurturing unique DigiToads.
People can use TOADS tokens to purchase food potions and training equipment to nurture their DigiToads to be the biggest and strongest within the swamp arena. Consequently, the Top 25% of players in the leaderboard with the largest and strongest DigiToads are rewarded in TOADS tokens. The developer’s team has already set aside 50% of the returns generated from the sale of in-game items to reward the gamers.
In the push to reward users in the ecosystem, DigiToads has also established a trading competition designed to enhance trading volume in the ecosystem. Consequently, players who come on top will receive prizes in Platinum Toads as rewards.
The prospect of generating passive income from staking non-fungible tokens also continues to set DigiToad apart from other meme coins. Thanks to a unique NFT staking platform where 2% of every TOADS transaction are added, people should be incentivized to stake their NFTs to earn some rewards.
TOADS is the native token that continues to elicit strong interest in presale as the race to earn rewards from P2E gaming, NFT staking, and trading competitions heats up. As a result, its total supply is capped at 585 million, with a token-burning system in place to reduce the supply over time.
Aave Redefining Lending
Aave and its native AAVE token has been flying high if a 55% plus rally in the market is anything to go by. As DigiToads moves to disrupt the P2E and NFT staking spheres, Aave has set out to disrupt the lending industry, which continues to fuel its growing popularity.
The project has become a popular decentralized lending protocol allowing people to borrow and lend crypto without any intermediary. It makes it easier to lend and borrow by creating pools of capital that people can use to deposit and withdraw from.
In addition, Aave offers an opportunity for people to stake their tokens into the network to help bolster liquidity levels and, in return, earn some yield from their holdings, as is the case with DigiToads.
Algorand (ALGO)
Algorand has been flying high ever since the crypto sector bottomed out from last year’s sell-off. Its native ALGO token is already up by more than 30% for the year, owing to growing interest in digital assets in the market. In addition, its discounted valuation has made it a preferred token for investors looking to gain exposure on a platform attracting strong developers’ interest in developing smart contracts, decentralized applications and crypto tokens.
Algorand stands out from other established projects like Ethereum by using a modified proof stake consensus mechanism that makes it more efficient for transaction processing. Consequently, it is able to process over 1,000 transactions per second. In addition, it boasts of a friendly developers’ blockchain that supports various programming languages, the influx of developers into the platform has seen a significant surge in ALGO demand, fueling its appreciation.
Bottom Line
DigiToads’ edge on P2E gaming, NFT staking and trading competitions underscores its growing utility despite being a meme coin. It is arguably one of the best projects, given the ever-increasing interest in Web 3 gaming and earning prospects. Likewise, it is well positioned to outperform Aave and Algorand as the next big thing in the meme coin sector.
For More Information on DigiToads visit the website, join the presale or join the community for regular updates.
