Projected to grow at a CAGR of 11% over the next five years, the global cryptocurrency market is positioned in pride of place as far as financial instruments go. The virtual asset industry has been expanding rapidly on the back of a growing consumer base and the rollout of hundreds of crypto projects every year. As far as 2023 is concerned, there's been a flurry of new alt coins some of which have even caught analysts' fancy. Take the example of DigiToads which is an Ethereum-based meme token that has been in the news because of the next-generation economic model. Together with Polygon and Cardano, DigiToads is being considered among the top crypto to invest in 2023 by many market experts.

DigiToads: The best among new alt coins of 2023

DigiToads is an Ethereum-based meme coin that has been developed by fusing three different crypto models — a meme token, a stake-to-earn platform, and a Web 3.0 game. The nuanced model of the meme coin makes it an ideal option for those interested in a beginner cryptocurrency. You can stake, swap tokens, win crypto tokens in play-to-earn games, enter giveaways, and participate in trading competitions every month. The network has released a native token called TOADS which is used for staking, trading, making payments, and securing vote rights, among other transactional uses. The token can be currently bought on presale.

For the presale, the cryptocurrency ico will be divided into 10 stages and five have already been completed with record participation from users. While the supply of TOADS tokens is 585 million, the latest ico would be utilizing a major portion of it. The remaining tokens would be utilized for various activities aimed at the development of the network. These use cases would include maintaining the liquidity pool, team tokens, organizing competitions, distributing community rewards, and other miscellaneous activities. 

Another key feature of the DigiToads ecosystem is its play-to-earn game where players get to win crypto tokens as prizes. The players have to compete for the highest scores by outdoing their competitors in a virtual swamp. They can seek help from a species of digital creatures called the DigiToads, who are known for their strength and unique traits. Plus, the in-game assets include potions, food, and training equipment for DigiToads. Players will have to use their TOADS tokens to purchase these in-game assets.

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Karnataka government to leverage Polygon for its first blockchain project

Polygon is a Layer-2 blockchain solution that has been designed to boost the functionality, speed, and scalability of Ethereum-friendly dApps and other kinds of decentralized systems. Its native token is MATIC and it is the main cryptocurrency of the network. It is preferred by many developers as the Polygon protocol helps them achieve faster and cheaper transactions on Ethereum with Polygon sidechains. In a recent development, the Indian state of Karnataka announced that it will roll out its first-ever blockchain project on Polygon. Polygon stated that its network would facilitate the implementation of LegitDoc, which is a certification system for skill development.

Cardano's Hydra Head now live on Mainnet

Cardano is a decentralized network that provides tools for building secure, highly agile, and user-friendly dApps in a cost-efficient manner. Powered by the Ouroboros blockchain, Cardano derives its strength from a mechanism that is based on evidence-based methodology and peer-reviewed research. Its native token is ADA which is the main cryptocurrency on the network. It is built using the proof-of-stake consensus algorithm. Cardano recently hit the headlines after it announced its flagship scaling tool Hydra Head was now active on the mainnet. The scaling tool would boost the speed of processing transactions on the Cardano network. Every Hydra Head functions as an off-chain "ledger" that is shared by a small group of users.

Conclusion

If you are looking to identify the top crypto to invest in, then DigiToads, Cardano, and Polygon all tick the right boxes. However, if you are someone who prefers long-term gains, analysts feel that DigiToads would be a better bet. Among the analysts who have reviewed the TOADS token, many feel that it has the potential for supporting long-term gains because of its multifaceted model. Over time, they feel the TOADS token can potentially increase by almost 100x. 

For more information on DigiToads visit the website, join the presale or join the community for regular updates.