The year 2023 seems to be a battle of the hottest meme coins. Over the past few months, we have seen meme coins like Dogecoin and Pepe Coin post impressive results. With their remarkable market performance, they outperformed many top crypto coins. However, there is a new kid in town and analysts expect that his latest meme coin has a higher potential and functionality than both Dogecoin and Pepecoin. Called DigiToads (TOADS), this new meme coin is powered by the Ethereum network, and its model is built using hybrid DeFi.
DigiToads is among the leading altcoins of 2023 that have carved a niche for themselves shortly after being launched. The meme coin has amalgamated the features of three crypto projects. So, users can stake, trade tokens and participate in TOADS Web 3.0 games to win cryptocurrencies. As well as entering competitions to win prizes. Its native token is TOADS which facilitates all transactions on the DigiToads ecosystem.
Given its stellar presale growth, many analysts are calling DigiToads the best altcoins to buy now. Currently, in its 9th presale stage, the crypto project has raised more than $6 million and counting.
What makes DigiToads a good crypto to buy is its play-to-earn feature. The game has an interesting storyline and thrilling graphics combined with an attractive rewards system. There will be 12 game seasons in a year and the top 25% of gamers will be rewarded with a TOADS token in every season. To manage this, a player would have to compete against other players in an arena-style swamp.
They can also get help by buying or trading a special digital creature called DigiToad which has special powers and strength. To improve their DigiToad's strength, players can also purchase food, potions, and training equipment for them.
DigiToads also has a staking mechanism where one can stake NFTs to earn rewards. These rewards are distributed from a staking pool that's kept flush by diverting 2% of the proceeds from all TOADS transactions. The rewards will also change with the staking period. So, if you stake an NFT for a longer period, your rewards will also be higher.
Over the next few months, the DigiToads team will roll out a new merchandise range for the meme coins fans spread across the globe. The tokens collected from the sale of these items would be donated to organizations working in the field of environmental conservation.
Pepecoin is a popular meme coin that is inspired by Matt Furie's famous character 'Pepe, the frog'. It's rich in features and has a user-friendly interface which has impressed users across the world. Its native cryptocurrency is PEPE and it's used for any transaction use case that you might have in mind. A key feature of Pepecoin is its 'no tax policy' that has helped it ramp up its user base. Pepecoin users don't have to pay any transaction fee on the platform. The PEPE token hasn't been performing very well over the past few weeks, which makes analysts slightly bearish about its prospects.
Dogecoin is one of the initial meme coins and it has managed to maintain its popularity over the years. Inspired by a Japanese dog breed and espoused by celebrities like Tesla CEO Elon Musk, Dogecoin has chartered a revolution in the crypto market by paving the way for animal-themed cryptocurrencies. It has released a native cryptocurrency – called the DOGE token – that doubles up as both the governance token and the main utility token on the Dogecoin network. Despite its popularity, the DOGE token's performance has been impacted by a variety of factors in the recent past. As a result, analysts are maintaining a largely bearish sentiment toward the token.
If you are looking for the best crypto investment available in the market, Dogecoin, Pepe coin, and DigiToads are some of the best options that you will find. However, if you want a cryptocurrency that has higher growth potential, DigiToads is a more ideal choice as its hybrid DeFo model enables one to try out multiple ways to earn passive income. Plus, it has a decentralized system of governance that enables community members to help it grow with their contributions to decision-making and operational issues.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.