DigiToads’ TOADS outpaces ethereum in the ongoing presale
DigiToads is a new crypto project with a toad as its mascot. It offers is practical features and presents earning opportunities for users.
These utilities can be accessed through DigiToads’ native token, TOADS. However, investors are considering the project because TOADS offer more utilities than other meme coins. Moreover, TOADS is growing rapidly, attracting short and long term investors.
Already, over 92% of TOADS allocated for stage six of the presale have been sold. At this phase, early adopters are in profits, outpacing gains posted by top crypto coins like ethereum (ETH).
The ongoing presale of DigiToads’ native token is proving successful.
The project has raised over $3.5m from selling 223,956,305 TOADS out of the allocated 272.5m for the project’s presale while still in stage 6, called “Lilypad 6”.
Considering this level of demand, more investors appear to be choosing the token and adding them to their respective portfolios. Since presale prices will be gradually increased through to stage 10, those who consider and buy the token in the early stages could reap more returns.
DigiToads is adopting innovative technology and using a revolutionary approach to combine blockchain with real-world data, unlocking new possibilities for decentralized apps (dapps).
It also has a play-to-earn (P2E) game “Toad-Cade”. This P2E model could appeal to a bigger demographic of gaming enthusiasts that want to earn yield while playing. Subsequently, this may encourage players to use TOADS to access the game that’s based on feeding, nurturing, strengthening, and competing with digital toads.
Since TOADS is a deflationary token, DigiToads’ roadmap suggests that the overall supply will gradually decline as more tokens are burnt. This strategy could support TOADS prices over time thereby appealing to investors willing to accumulate and HODL.
In addition, DigiToads hosts a monthly trade competition called “Toad vs. Toad.” These trading competitions will help the DigiToads team find good traders who will contribute to the DigiToads decentralized exchange (DEX), The Trading Post. The DEX will launch soon after the project builds a vibrant community of ToadVestors.
Winners of the monthly trading contest will receive Platinum TOADS. By the end of the year, 12 winners will have been selected.
Platinum TOADS owners can access one-twelfth of the TOADS treasury and 10% of all profits made on each trade.
Ethereum price action
Ethereum was trading at $1,797.20 on May 14, 2023, a more than 50% drop from the $4,400 recorded at some point in 2021.
Losses were even deeper in 2022 due to the crypto winter.
However, prices has since recovered, bottoming up, catalyzed by the collapse of FTX in November 2022; an event that lifted other top coins, including bitcoin (BTC) and ethereum (ETH).
As ETH prices slowly recover, trends show that investors, including retailers and whales, are gravitating towards potential projects that can post big returns in 2023. The surging demand for TOADS even before its official listing, as a result, has grabbed the attention of investors.
The early success of DigiToads and growing market demand for its native token in the presale phase has made crypto experts believe this project can outperform top coins, including ETH, in the weeks and months to come.
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