3 reasons why digitoads and filecoin have greater potential than monero
Crypto has diverse use cases since different projects use this technology for different ends. For instance, Filecoin decentralizes and revolutionizes how we transfer and store data online. FIL is the native currency of the network. On the other hand, Monero offers a means of transacting anonymously using XMR, its currency. DigiToads is an upcoming and potent project whose early gains have investors locked in.
If you are considering these projects, discover why digitoads and filecoin can outgrow monero in the months ahead.
What is DigiToads?
DigiToads uses a multi-approach to the play-to-earn (P2E) and stake-to-earn market, combining a meme coin with environmental sustainability and multiple earning opportunities for investors.
Considered one of the best beginner cryptos this year, DigiToads uses TOADS, an erc-20 token, to fuel its ecosystem. The gaming ecosystem is based on a virtual world where players grow, nurture, breed, and train digitoads. Winning fighting competitions rewards players with TOADS, which have multiple uses.
TOADS holders can participate in community contests, buy unique non-fungible tokens (NFTs), stake them for passive income, and engage in trading competitions to further generate profits, boosting the entire DigiToads ecosystem.
Presently, TOADS prices are up 140% since the first presale; explaining why analysts consider the token as one of the best cryptos to look at.
Reasons why TOADS and FIL are potent
Monero’s network allows users to make anonymous payments. While this is a crucial aspect that underpins some crypto transfers using Monero, it is a feature that stains the network since XMR can enable cybercrime.
In the long term, therefore, TOADS and FIL can outpace XMR because they:
1. Have bigger adoption potential
DigiToads has already raised over $2.7m since its first presale stage, and more than 202 million tokens have already been sold. The blend of entertainment and financial opportunities appeals to a broad audience. Accordingly, DigiToads has shown that it has considerable adoption potential and will likely dominate the meme coin in the coming months.
Filecoin allows anyone to use their computer to rent unused storage space. Any individual or business can use Filecoin’s data-sharing and storing capabilities. Up to 90% of the world’s data has been created in the past two years, which means that data storage and management services are needed now more than ever.
Monero’s platform has been linked to cybercrime, receiving bad rap from regulators and authorities. For this reason, many businesses may refuse to use its services to avoid being linked to criminality.
2. More utility cases
DigiToads brings utility to the investing and trading community, meme coin enthusiasts, gamers, and individuals interested in supporting the environment. The platform pledges some of its profits to charities to save the Amazon rainforest. At the same time, FIL makes all transactions on the blockchain, which holds value to individuals and businesses.
3. Transparency and trust
DigiToads’ team is known to the public and is dedicated to providing transparency and earning investors’ trust. Filecoin is based on a similar idea; the data shared and stored on the blockchain is not controlled by any central authority, so the government can’t censor it.
TOADS and FIL are tokens investors can consider if they are willing to sit and hold for the long term. To illustrate, TOADS’ prices have rallied from $0.01 to $0.024 over the last few presale stages. Early investors stand to gain as the token is estimated to be launched at a minimum price of $0.055.
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