Crypto analysts recommend investing in DigiToads (TOADS) and Toncoin (TON) before they skyrocket
Crypto markets experienced a sudden decline on Wednesday afternoon, wiping out gains from the previous 24 hours in less than an hour. Bitcoin (BTC), the largest cryptocurrency by market capitalization, briefly traded around $29K, a slight increase but a significant drop from its previous peak above $30k. BTC even fell around $27ki during the day.
Blockchain research firms highlighted that Jump Trading, a major crypto trading firm, deposited $26.6 million worth of BTC into exchanges before the price drop, indicating a possible intention to sell.
Despite the impact of this unprecedented event, the overall market trend remains bullish. As the top altcoins gear up to hit new all-time highs, analysts recommend keeping an eye on and investing in DigiToads and Toncoin. But what distinguishes these two projects?
DigiToads – New ICO Competing Market Giants
A multi-functional token and one of the best altcoins to watch in 2023, DigiToads offers a variety of features including games to earn money, NFT stakes and monthly incentives for investors. This deflationary meme coin has quickly gained popularity in the DeFi market.
As an ERC20 token, DigiToads allows users to earn passive income while participating on the platform. It is an attractive, high-growth investment that can quickly yield significant returns and improve an investment portfolio. TOADS serves as the native utility coin of the DigiToads ecosystem, facilitating seamless platform usage and supporting its smooth operation. Leveraging the Web3 gaming experience, DigiToads rewards users for their platform engagement.
Furthermore, the project organizes monthly trading competitions, an innovative approach that allows investors to earn rewards based on their trading performance. Winners receive Platinum Toads, giving them access to 1/12 of the TOADS treasure to trade and earn.
DigiToads has experienced tremendous success in its initial presale stages, selling over 155 million tokens and raising nearly $2 million in just a few weeks. Early backers have already seen a 100% profit on their first deposits, with further growth expected due to six additional price increases planned during the pre-sale.
The DigiToads presale also features tempting giveaways, including a $50,000 lump sum awarded to one lucky TOADS token holder at the end of the presale. To qualify for this prize, investors must hold a minimum of 10,000 TOADS tokens (approximately $100) and complete various additional actions to increase their chances of winning.
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Toncoin – Is TON still relevant?
The Open Network (TON) is a distinctive, community-driven blockchain developed by Telegram, and offers many benefits. Designed to accommodate billions of users, TON enables fast, affordable and energy-efficient blockchain transactions with features tailored for everyday users.
TON boasts ultra-fast transactions, minimal fees, user-friendly apps, flexible architecture and scalability. In addition, it stands out for its environmentally friendly approach. Toncoin’s tools extend to support micropayments and in-app purchases, making it an ideal choice for gaming and social media applications.
Despite these benefits, however, some investors expressed concern about the future of TON due to Telegram being temporarily abandoned in 2020. This move was the result of a legal dispute with the US Securities and Exchange Commission. This latest incident has left some investors unsure about the project’s long-term prospects.
Last takeaway
The impact of blockchain technology is increasingly pervasive, touching various aspects of our lives. Originally focused on facilitating fast and seamless transactions, blockchain is now powering gaming, content sharing, supply chain management, healthcare and even the real estate industry. The constant drive for innovation means that in order to succeed, one must embrace and adapt to these changes.
DigiToads exemplifies this transformative power, poised to revolutionize the traditional relationship with cryptocurrencies in many ways. By bridging the worlds of gaming, NFTs and DeFi, DigiToads offers a unique and multi-faceted platform that is likely to further increase its value in the long run.
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