Bitcoin is still the elephant in the room as far as crypto is concerned. Even in a rough market, a Bitcoin boost still elevates excitement levels. DigiToads is one of the few altcoins that have similar positive developments.
This interest is even more remarkable because the project is still at the presale stage. DigiToads looks to disrupt a one-dimensional sector and inject new dynamism into the scene.
At press time, the DigiToads presale is pushing toward the $6 million mark. These figures are impressive for a project in its first few months of crowdfunding. Even BItcoin took a while to gain such traction to earn its seemingly insurmountable status as the apex crypto.
Bitcoin whales taking profits
In recent weeks, Bitcoin has shown some stability. After news of the SEC’s crackdown against several altcoins over alleged securities laws violations, Bitcoin became an old refuge. The SEC has long since held that Bitcoin is not a security and the ultimate incumbent in crypto circles got some tailwinds.
Bitcoin has eclipsed the $30,000 mark this week, and Bitcoin miners took notice. Mining BItcoin is a resource- intensive affair that becomes more profitable with higher coin prices. As prices arose, more large miners sold tens of millions of dollars worth of mined Bitcoin on exchanges. The increased activity showed that BItcoin miners were now keen to utilize the window of opportunity from the higher prices.
Crypto markets have had a rough time in the past year. A bear market compounded by a regulatory combined made for one of the worst stretches since the bear market in 2018. Investors are now looking for resilient assets to place their funds.
DigiToads (TOADS) is gaining similar traction
Bitcoin may get the headlines, but its projects like DigiToads that may have the better upside. The DigiToads presale is taking place in ten progressive stages, with price rises from one stage to another. At press time, the presale is at stage nine, with TOADS tokens retailing at $0.047.
Presale participants who started at the first stage have already seen approximately 370% growth so far. By the time the project gets to launch, the return on investment should be over 400%, making it one of the best performing tokens in this sector.
Extrapolating from these figures, DigiToads has an excellent chance to become the next 100X crypto. These margins were typical during the early years of crypto, and now only a few projects can break out in the market this way.
A fundamental reason for DigiToads’ standout performance is its uniqueness from fellow memecoins. Typical memecoins usually feature a meme concept as the basis for the coin with no utility or roadmap. DigiToads has implemented a play-to-earn (P2E) gaming ecosystem with TOADs tokens at the heart of the gameplay.
Additionally, users can mint and collect NFTs in their gameplay to further add value to the gaming experience. DigiToads allows players to stake NFTs and earn a percentage of TOADS tokens transaction fees.
Minting NFTs is now possible on DigiToads at https://mint.digitoads.world/
Conclusion
DigiToads is getting buzz and has become a Bitcoin alternative for some investors in the market. Both assets are performing fairly well in a tough market. The DigiToads presale and Bitcoin going above $30k are two of the most important stories in the crypto scene. DigiToads has gained the attention in its presale that many altcoins can’t. This interest is a testament to the uniqueness of a utility memecoin. It will be fascinating to track DigiToad’s progress post-launch.
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