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The year 2023 superseded the expectations of both analysts and crypto users by posting record gains. Plus, the launch of several new cryptocurrencies has only sweetened the deal. As the market gears up for the second quarter of the year, many market experts feel that it would be blockchain network Aptos’ moment to shine. Having said that, there’s another crypto project known as DigiToads that analysts feel could give Aptos a run for its money. DigiToads has been developed using a next-generation DeFi model that has been a game changer for the crypto market. The Ethereum-based meme coin leverages the strength of different cryptocurrencies to create a cutting-edge asset that has multiple utilities.
DigiToads: Building the Future of meme coins
DigiToads is a multi-functional meme token that has been built by merging different crypto models, so one can explore varying opportunities for earning steady passive incomes. The platform’s native token TOADS is the primary cryptocurrency on the network and it will be used for all kinds of transactional purposes. While the team has made the token available on presale in a multi-phase process, users have only five stages left if they are keen on buying the token.
One of the key USPs of the latest ico is the trading competitions that will be organized every month. There’s a twin advantage associated with these contests. For one, the platform would be drawing high trade volumes and secondly, they would help the team identify talented traders in the DigiToads community. The prize to be won includes a Platinum Toad which would unlock remote access to the DigiToads treasury fund. The winning traders learn all about managing the treasury fund under the tutelage of the DigiToads team. Once they perfect the skill, they will help the team in doing the same thing on a bigger level. As an added incentive, the winners would be rewarded with 10% of the trade profit they register in a particular month.
The DigiToads team has laid out a roadmap for its future development which includes plans for opening the TOADS School, which will be a think tank where sessions on cryptocurrencies would be conducted for community members. To register for these sessions, a community member must have at least three NFTs. Plus, every year community members would select an organization working for rainforest preservation which would be receiving donations from the DigiToads team. These donations would be funded by diverting 2.5% of the annual profits raised by the team.
Litecoin is likely to stay in the bullish zone
If you are looking for a beginner cryptocurrency that could expand your portfolio, Litecoin can be a good option to consider. The digital currency was rolled out years back and it is still driving impact with its cost-effectiveness and high-speed operations. Its native token LTC is used for every transactional use one might come across on the Litecoin network. In 2020, the network announced a new feature MimbleWimble (MW) testnet. The feature was used to test confidential transactions processed on MimbleWimble. The LTC token has been winning over many crypto users with its positive price action over the past few weeks. In the wake of its performance, analysts feel its bull rally would continue for the next few months.
Bearish zone ahead? Here’s what analysts are saying about Aptos
Giving tough competition to new alt coins, Aptos has managed to hold its own in a market that’s flooded with innovative blockchain projects. A Layer 1 blockchain, Aptos provides developers with dynamic Web 3.0 tools for building decentralized systems like dApps. Rolled out to promote the adoption of Web 3.0 and blockchain technology, Aptos has a native token called APT which is used for all kinds of transactional purposes on its network. It uses the proof-of-stake consensus algorithm which enables it to clock a throughput of 150,000 transactions in a second. Despite being popular, the APT token has been nosediving in the past few weeks. Going by the market indicators, experts feel the APT token is likely to stay in the bearish zone for now.
Conclusion
Compared to Litecoin and Aptos, DigiToads might be among the new alt coins launched in 2023 but it has become the most popular cryptocurrency ico backed by a loyal community. Several crypto analysts have assessed the TOADS token and many of them have given it a top-notch review. What seems to have impressed cryptocurrency analysts most about the platform is its dynamic economic design which has the potential to drive a wave of financial inclusion across the globe. In the coming months, analysts expect to see the TOADS token soar by 30x.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
