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.
Crypto investors are bullish. The correlation between digital assets and traditional equities has steadily declined, opening the path for cryptos to break out unimpeded by the S&P 500’s performance. Bitcoin’s (BTC) correlation with gold hits rock bottom, and in an increasingly risk-on sentiment, investors get crazy about memecoins, Dogecoin (DOGE), and DigiToads (TOADS).
Investors newer to the space may not remember, but something very similar happened in 2019 when traditional equities had broken out, approaching ATHs, and crypto lagged. The following six months were a wild ride for crypto holders, and although history does not repeat itself, it certainly rhymes.
DigiToads (TOADS) Introduces Next-Gen Utility Meme Hybrid
DigiToads leads a new standard amongst memecoins. It engages the typical virality marketing angle alongside the classic burning mechanisms. But its introduction of a robust flywheel ecosystem led analysts to dub TOADS one of the best altcoins to buy this quarter.
The presale has raised an impressive $6.57 million, putting DigiToads leagues ahead of other new ICOs. The ease of access to DeFi returns packaged in a deflationary token has been a value proposition investors want to take advantage of.
The Swamp, the DigiToad’s ecosystem, is self-propagating, attracting capital and distributing amongst holders as payment for their assistance in growing the native TOADS environment. It includes a play-to-earn game where users can earn real money. Airdrops that ensure the entire community benefits. An educational platform that will take any trader from mediocre to expert. And an active treasury management approach that exposes all $TOADS holders to trading returns.
This unique approach replaces the standard dormant treasury model that plagues the industry that even top DeFi projects adopt. The Platinum Toads initiative selects the most proficient traders from the community each month and allows them to trade 1/12 of the treasury.
This expanding treasury ensures increased payouts for $TOADS holders through the value accrual mechanisms such as the NFT Staking pool, the deflationary burn campaign, and even airdrops. The depth of The Swamp and the intricate design of its features caused analysts to forecast 50X potential for the native token by the end of the year- undoubtedly one of the altcoins to watch in 2023!
Dogecoin (DOGE) Payment Asset on X?
Investors have gone crazy about Dogecoin (DOGE) yet again due to subtle suggestions from Musk that he may integrate it as a payment currency on X, the rebranded Twitter. Musk’s plans to turn X into a super app with payment channels naturally led to speculation that he would include his favorite crypto.
Dogecoin (DOGE) has also benefited from the broader market sentiment shift. Its category as a risk-on asset, even amongst other ERC20 coins, makes it an immediate target for traders and investors when sentiment starts to shift. Analsysts’ price predictions have included the potential of Dogecoin’s (DOGE) integration on X, forecasting a bullish range between $0.18 and $0.21 in 2024.
Closing Thoughts: A Great Time to Buy Altcoins
If a similar pattern as 2019 plays out, the worst trade any investors can currently make is selling crypto to rotate into traditional equities. They buy the local top of stocks and miss the enormous incoming rally in crypto.
The advances in crypto adoption, increased institutional interest, and monetary policy pivot from the FED indicate that the rest of 2023 will be explosive. The best way to capitalize on this movement is to buy new DeFi projects with small market caps. Join the DigiToads presale today, join the community, and witness the potential of holding a small cap as animal spirits descend.
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.
