DigiToads interest surges as FLOKI and PEPE volumes increase
Many people are watching high-potential meme coin projects such as DigiToads, Floki, and Pepe Coin, as they have the potential for significant gains. Binance has recently listed Floki and Pepe Coin on its exchange, which has increased their popularity and trading volume.
DigiToads has sold over 286 million tokens so far, raising over $4.3 million.
This article explores why DigiToads has captured investors’ interest, generating social media hype.
DigiToads explained: the rise of a new meme coin concept
The market for meme coins has been widely discussed due to the conflicting relationship between their value and returns. Even though they have no practical uses, the 2021 meme coin market boom has become a significant historical event.
DigiToads is a new player in the speculative market, but it has distinct goals. TOADS is among the first meme coins with practical uses, and it has seen a remarkable surge of 260% in just a few weeks, rising from $0.01 to $0.036. The project has raised over $4.3 million, attracting investors from across the globe.
DigiToads is a one-of-a-kind platform that offers a blend of play-to-earn (P2E) gaming, stake-to-earn, and a non-fungible token (NFT) marketplace, all while riding the meme coin craze. The platform merges gaming and finance, creating a space for gamers looking to generate a passive income stream.
The DigiToads universe rewards its players with monthly TOADS altcoins, the rest of the community with monthly airdrops, and an NFT staking pool that collects 2% of all transactions. Those who choose to stake their NFTs on the DigiToads platform will obtain long-term passive income, and the longer they hold, the more they stand to earn.
TOADS is a deflationary token, meaning its supply decreases over time. This is one of those features considered by long-term investors.
Investors seeking to positively impact the environment may find DigiToads a worthwhile project. The company will donate a portion of its profits to charities working to protect the Amazonian rainforest, which is currently facing over-exploitation and putting the animals at risk.
Recently, DigiToads entered its seventh stage of the presale, pushing TOADS price by 260%.
Early investors in the project are enrolled in the weekly giveaways worth $150,000. They could benefit ahead of major announcements and feature releases.
Floki expands its utility cases
Floki was launched as a speculative meme coin with no utility or purpose. However, it has quickly realized that little to no utility will not retain investors’ interest for long.
Hence, Floki’s developers have decided to expand the dog-themed universe with a metaverse game, Valhalla. It also plans to expand into the NFT market and even create a crypto debit card.
PEPE listed on Bitfinex
Unlike DigiToads and Floki, the Pepe coin (PEPE) is a pure meme coin created for fun since it has no utility. However, its growth has been spectacular so far, and many established exchanges have listed Pepe on their list of tradable assets, including Bitfinex.
While this could indicate mainstream adoption of Pepe, the initial hype is still slowly cooling down.
The three erc20 tokens discussed in this article, TOADS, FLOKI, and PEPE, have high potential. However, DigiToads looks promising, given its successful presale, utility-laden TOADS token, and platform features.
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