Crypto Market Update: DigiToads (TOADS) Set to Outpace Cardano (ADA) and Gmx (GMX) with 1900% Growth in 2023

Being a part of something big is one of the most satisfying feelings for any investor. And having your faith payout boatloads in profits is an even sweeter feeling. Over the years, the crypto market has been endearing for many investors, especially those who buy in early before projects hit the ground running.

If you were sceptical about earlier success stories, jumping onto the next train should compensate you for lost time. Many analysts have tipped the new meme coin DigiToads  to go on to become credible crypto. And its successful presale re-affirms these sentiments. Now in stage 4, with over $1.8 million raised, DigiToads has been making waves in the crypto space.

The deflationary token has been turning the heads of both investors and crypto enthusiasts with its remarkable features, such as play-to-earn (P2E) gaming, NFTs, NFT staking and Platinum toads, making it the best crypto to buy now.

Here is why DigiToads is on course to outpace Cardano and Gmx with a 1900% growth in 2023.

DigiToads (TOADS)

Despite only joining the crypto market a few months ago, the meme coin has made remarkable progress garnering global recognition as the best cryptocurrency to purchase for less than $1. Also, TOADS has grown its customer base on popular social media platforms such as Twitter, amassing over 11,000 followers.

Its early success is attributed mainly to its deflationary token model. With every transaction, a portion of the fee is burned, and the remaining amount is distributed to token holders. Over time, this reduces the total supply of TOADS and increases the value of the remaining tokens in circulation. As a result, long-term investors are incentivized to hold onto their tokens, while short-term investments that could negatively impact the token market are discouraged.

Also, the project offers a staking system that rewards users for holding their TOADS tokens in a designated wallet. The system generates a passive income stream for investors and encourages them to maintain their tokens for extended periods. This approach helps to sustain the platform's liquidity.

To encourage strong relationships with its communities, DigiToads hosts contests that incentivize users to participate. As a gesture of appreciation for their loyalty, NFT tokens will be granted to holders who stake their TOADS. With 450% growth during the presale, it's no surprise that DigiToads has exceeded expectations and is on track to becoming a top 10 crypto investment for high returns.

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Cardano (ADA)

Cardano is a platform based on blockchain technology that facilitates the processing of transactions through its dedicated token, ADA. The platform can handle all types of transactions and aims to become the "Internet of Blockchains", thus establishing a connected ecosystem that enables smooth interoperability between diverse blockchains.

Bitcoin can be considered Crypto 1.0, a digital version of gold. However, its scalability is hampered by several issues. On the other hand, Ethereum, termed Crypto 2.0, filled some of Bitcoin's initial gaps. Launched in 2017, Cardano aims to improve Ethereum and is considered Crypto 3.0. The founder of Cardano, Charles Hoskinson, also co-founded Ethereum but left due to disagreements with Vitalik Buterin in 2014 about Ethereum's commercialization.

Bitcoin and other cryptocurrencies that use proof-of-work consensus mechanisms are often criticized for their excessive energy consumption. In contrast, Cardano uses a proof of stake consensus mechanism, which is more sustainable and scalable.

Gmx (GMX)

GMX is a spot and perpetual swap exchange that operates in a decentralized and permissionless manner. By simply connecting their wallets, traders can effortlessly trade cryptocurrency on-chain via GMX. The platform has introduced its native token, GMX, which serves as a governance, utility, and value-accrual token for the GMX protocol.

Users can stake GMX tokens, which allows them to earn a percentage of GMX's protocol fees and receive other incentives. Currently, GMX provides support for the Arbitrum and Avalanche networks. GMX aims to enhance the trading experience by offering low swap fees and trades with zero price impact. To achieve this, GMX utilizes its multi-asset pool, GLP, which generates fees for liquidity providers.

Conclusion

The crypto market is flooded with many projects, but only a few live up to investor expectations. Tipped to become the next big thing in crypto, DigiToads has already lived up to the billing with its eccentric presale. Now in stage 4, the project has already sold over 91% of the tokens. Nevertheless, it's not too late to join the DigiToads community; buy TOADS today and be part of the next big thing.

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