The cryptocurrency market has recently been experiencing short bullish rallies as many popular projects registering negative price action are now surging ahead. Take the example of Bitcoin Cash. The peer-to-peer payments platform is expected to recover as bulls seek to compensate for past losses. Cardano is another crypto project whose price action is expected to be on the mend.
At the same time, the lull in the market allowed crypto users to diversify their portfolios by opting for new projects. DigiToads is among the best crypto for beginners, garnering much attention from users and cryptocurrency analysts. Built on the Ethereum network, DigiToads is a utility meme token where one will come across multiple opportunities to earn passive income. Let’s explore some of the key features of this new cryptocurrency.
DigiToads: Paving the way for next-generation meme coins
DigiToads comes at a time when the world is keen to know what more meme coins have to offer. While success stories like Shiba Inu and Dogecoin are hard to come by, DigiToads sets the right pace by balancing versatility and functionality. Amalgamating a meme coin with a play-to-earn vertical makes it an ideal cryptocurrency for beginners. It has rolled out a native token called TOAD for all transactional purposes on its network, and it will be available on presale.
What makes it figure among analysts list of best altcoins for 2023 is its focus on community members and maximizing their gains. For instance, trading competitions reward traders and involve them in treasury management. DigiToads trading competitions reward the user with the highest trading volume every month. In addition, they get to keep 10% of the profits they bring. The Platinum Toad gives the winner access to 1/12th of the treasury fund. With these competitions, the platform draws high trading volumes regularly.
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Coming to its play-to-earn vertical, players will be treated to an exciting battle of digital creatures called DigiToads. As per the rules, players will have to buy a DigiToad to participate using their TOAD tokens. Each DigiToad comes with special characteristics like strength or unique abilities that can help a player in their game. Players can also buy potions, food, or training equipment for these creatures. At the end of each month-long season, the top 25% of players are rewarded with TOAD tokens.
Its staking mechanism allows users to stake NFTs and earn rewards. The team allocates 2% of all TOAD transactions to the fund to maintain the staking pool.
Here’s why Bitcoin Cash might register a recovery in the future?
Bitcoin Cash is a blockchain-based online payments platform that leverages reliable technology to process transactions at low fees. Its native token, BCH, is the primary cryptocurrency on the network. The other kinds of sidechain-supported projects include non-fungible tokens and decentralized exchanges. March 2023 was an eventful year for BCH users, not for good reasons. The token saw negative price action, and its price continued to slide until March-end.
However, experts expect April to be different for the BCH Token and believe that Bitcoin Cash might be on its way to recovery. According to them, the key reason behind this possible recovery could be the accumulation of big whales who are looking to make up for past losses.
Analysts see Cardano staying bullish
Cardano is a blockchain platform for building secure and cost-friendly dApps and other decentralized systems. ADA is often considered the top crypto to buy because of its next-generation technological framework, designed with a methodology backed by evidence and extensive research. The native token ADA can be used for all transactional purposes on the platform. Based on the proof-of-stake consensus protocol, Cardano leverages the power of the ouroboros blockchain protocol to enable developers the leeway to scale dApps globally – without any snags or compromising security. Crypto analysts have been watching the ADA token as they expect it to surge ahead.
What are crypto experts saying?
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The features mentioned above of the three cryptocurrencies should restate any doubts about them. Be it Cardano, Bitcoin Cash, or DigiToads, crypto users can look forward to a reliable source of passive income by opting for them. As far as cryptocurrency analysts go, they have a different viewpoint. For them, DigiToads unparalleled functionality makes it a more sustainable option than the other two. Many experts believe the TOAD cryptocurrency can support long-term growth and fetch 100x returns once it gets featured on centralized exchanges.
