Investors shift to DigiToads presale as bitcoin slips
The crypto market has been contracting in the last few weeks, with bitcoin (BTC) prices recently slumping below $26,000. As uncertainties surround the prices of the top crypto coins, many investors are beginning to shift to new tokens with long-term returns.
DigiToads keeps attracting investors with its presale success. So far, over $3.2 million has been raised from the multi-phase presale. The meme coin shows good investment potential, and investors are considering it in their portfolios.
DigiToads has sold over 221 million out of its maximum supply of 585 million tokens. The presale success indicates that TOADS, its native token, could post solid gains in the months ahead.
This article will examine why investors are exploring DigiToads as bitcoin struggles to meet their expectations.
DigiToads’ impact on web3 gaming
DigiToads offers a play-to-earn (P2E) game for its users to earn while playing. At the end of the gaming sessions, the top 25% of players on the leaderboards will earn TOADS and other non-fungible tokens (NFTs).
The TOADS token is also deflationary and has utility as it can be used to make purchases on the platform. Players can build, nurture, and breed their characters with the token.
DigiToads improves on what meme coin projects typically bring to the table. The platform allows users to stake their NFTs for rewards. This offer may explain the rising demand for its governance token, TOADS.
During the presale, the project will provide 3,500 unique NFTs that can be staked for further incentives. With a 2% transaction fee built in for every trade done with the ERC20 token, the staking pool will increase indefinitely, ensuring DigiToads community members are constantly rewarded for their engagement.
As DigiToads battle to gain market dominance, many analysts are optimistic about how the success of the meme coin will move beyond the presale rally. The Lilypad 6 has sold over 83.21% and could sell out in less than two weeks.
Investors looking for the best crypto to buy are looking at DigiToads, with some already purchasing TOADS. This is because of the steady growth of the coin, which has been evident during the presale run. With investors shifting to DigiToads, experts believe the token’s community will keep growing.
Bitcoin cooling off after rallying above $30,000
Bitcoin has been unstable since the crypto winter. The crypto giant broke above $30,000 in April, but upward momentum has been falling recently. Even though on-chain transactions may continue rising in the days to come, investors need to see more if prices are to break higher.
Following the recent dump below $26,000, bulls appear to be buying the dip. This may support BTC prices in the days ahead, forming a base for higher highs.
Despite selling momentum fading, bitcoin investors are unconvinced. On the other hand, judging from the success of the DigiToads presale, the token may post stronger gains, even outperforming BTC in the days ahead. DigiToads’s features are being studied by investors and continue to attract interest to the presale. This may anchor future price gains.
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