The cryptocurrency market is witnessing a surprising turn of events these days. While popular altcoin Bitcoin’s price dropped below $30,000, meme coins like DigiToads (TOADS) and Dogecoin are clocking impressive growth. Their stellar market performance has even led to spark a bullish sentiment. While Dogecoin is one of the earliest animal-themed cryptocurrencies that the world saw, DigiToads is among the new launches of 2023. A key difference between the two meme coins is their economic models. DigiToads’ model is built using hybrid DeFi which gives it an edge over many popular altcoins. With its unique framework, DigiToads allows its users to explore multiple options for earning passive income. With its cutting-edge features, it has emerged as one of the best altcoins to buy now. Another reason why DigiToads’ popularity has been rising steadily is its presale growth. Currently, in its final presale stage, DigiToads has accumulated over $6.4 million through its initial coin offering.
DigiToads: The best DeFi features that your money can buy
DigiToads goes beyond the regular cryptocurrency with its hybrid DeFi framework which is capable of driving financial inclusion. Its hybrid DeFi model is an amalgamation of three tokens. So, you can stake NFTs like you would do on a stake-to-earn platform, play Web 3.0 games as is the case with a play-to-earn portal and earn returns by trading the meme coin. The other options available for earning passive income are through participation in trading competitions, bagging rewards for active participation on the platform, and entering prize draws, among other options.
All these rewards will be given out in terms of DigiToads’ native cryptocurrency, the TOADS token. Modeled on the ERC-20 protocol of the Ethereum network, the TOADS token is used for making all kinds of payments on the network. The token has a deflationary character that keeps price fluctuations away. A deflationary model promotes a stable token value by keeping the supply scarce and below the market demand. If at any point in time, the supply exceeds the demand, the extra tokens are burned or destroyed.
The TOADS token is also used for voting for proposals that are pitched by other community members and seek to implement important changes in the DigiToads protocol. Token holders are eligible for voting rights that they can use to express their opinion about the proposed change by another community member. Its versatility is one of the reasons why analysts are calling the TOADS token one of the best crypto investments of 2023.
Is Bitcoin headed for a bull rally? Here’s what analysts are saying
Bitcoin is among the top crypto coins that you can buy today. Being one of the first cryptocurrencies to be launched, it has brand equity that helps it maintain a formidable market presence. The blockchain has a native cryptocurrency called the BTC token and it leverages the proof-of-work consensus protocol. The total stock of the BTC token is regulated by software and cannot exceed 21,000,000 coins. New tokens are generated via mining where miners are rewarded for their efforts. Despite the negative price action that Bitcoin has witnessed recently, analysts expect the BTC token to soldier on and spark a bull run in the long run.
Can Dogecoin maintain its bullish momentum?
Dogecoin is a popular dog-themed meme coin that’s inspired by memes based on a Japanese dog breed. Its native cryptocurrency is the DOGE token and it’s used for all transactions on the Dogecoin network. What makes it a good crypto to buy is its capacity to diversify a portfolio and earn boost crypto gains. Given the positive price action that the DOGE token has witnessed in the recent past, analysts feel that Dogecoin is likely to stay bullish in the coming months.
Conclusion
Whether it’s Bitcoin, Dogecoin, or DigiToads, when it comes to utility, the three cryptocurrencies don’t disappoint. Their next-generation features and robust security frameworks are other USPs that make them dependable crypto projects. However, if you ask analysts, an important difference between the three tokens is their growth potential. For a lot of experts, Dogecoin and Bitcoin lag behind DigiToads because of its growth potential due to its hybrid DeFi model. The unique framework equips crypto users with the right DeFi tools to secure their features and boost their residual incomes.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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Source: thinkbitcoins