The cryptocurrency market is a highly competitive industry. There’s always a new kid on the block who can challenge the market king. As dynamic as the market is, it’s uncommon to come across cryptocurrencies like DigiToads (TOADS) that can survive the grind and remain popular. Announced just a few months ago, the cryptocurrency project has been making waves with its nuanced model that sports features of different cryptocurrencies. The latest ico has also stunned everyone by raising over $4.8 million in presale funding.
DigiToads: The power of 3 crypto networks on one platform
DigiToads (TOADS) is a state-of-art cryptocurrency that has been developed by combining the features of a meme coin, a play-to-earn game, and a stake-to-earn portal. The main advantage of such a hybrid DeFi model is that users can access multiple options for earning residual income on one platform. So, you can stake your NFTs, trade crypto tokens, win cryptocurrencies by playing Web 3.0 games, and even get a chance to win weekly prize draws.
By simply acquiring DigiToads native token, TOADS, you can access these opportunities. The TOADS token is powered by the ERC-20 protocol of the Ethereum network and is the main cryptocurrency on the network.
If you are interested, you can buy the token on the presale. A rather interesting fact about the TOADS token is that it’s a deflationary cryptocurrency that shields your returns against market volatility. This is done by ensuring that the supply always stays below the demand and that any extra tokens in circulation are either burned or destroyed.
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The DigiToads team schedules regular ‘token burn’ events where the extra tokens are destroyed. The scarce supply not only keeps the value of the token stable but also limits price fluctuations. The TOADS token is an integral part of DigiToads governance structure based on the decentralized autonomous organizations (DAO) model, where all stakeholders get the leeway to express their opinions and make suggestions about the platform’s operation. A key feature of the DAO model is the voting rights that all token holders get. These voting rights are used for voting for proposals that other community members pitch.
Aave-built Lens Protocol raises $15 million
Aave (AAVE) is a DeFi protocol where one can lend and borrow cryptocurrencies. It’s a top crypto to invest in if you are looking for a fuss-free mechanism. Its native token is AAVE, and it is the primary crypto token on the network. One can deposit digital assets in liquidity pools and earn interest. If you need funds, you can borrow using cryptocurrencies as collateral for a flash loan.
A key USP of the platform is that the borrowers can alternate between fixed and variable interest rates, according to their convenience. In a recent development, Lens Protocol – a Web 3.0 product built by Aave – raised $15 million in funding. Lens Protocol has been designed as a decentralized social networking ecosystem.
Is Cosmos headed to a bearish zone?
Cosmos (ATOM) is among the new altcoins that have carved a niche for themselves with their utility-driven models. It has been developed as a decentralized project aiming to boost blockchain’s mass adoption with its nuanced tools and an ecosystem of interconnected blockchains. Its native token is ATOM, and it’s used for various transactional purposes.
It’s powered by the Inter Blockchain Communication protocol, facilitating seamless chain communication. Though the ATOM token has been quite popular in the past, it has been skirting bearish territory for the past few weeks. After analyzing recent market data, analysts feel that the ATOM token will likely stay bearish for the time being.
Conclusion
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The three cryptocurrencies mentioned above are innovative projects to choose from on any given day. They have clocked impressive returns occasionally and are still among the most-demanded tokens globally. However, if you are looking for a token that has won over analysts, you should narrow your focus to DigiToads. The multi-faceted meme coin is being called one of the best altcoins for 2023 due to its high growth potential and how it makes it easier to earn passive income in a sustained manner. Analysts who have reviewed the TOADS token feel that it can potentially grow by over 50x over the next few months.
