4 Leading Innovative Crypto ProjectsTrailblazing 2023
TradFi has begun an organized push into crypto. Larry Fink and BlackRock’s Bitcoin Spot ETF request started the movement, but the rest were not far behind. Charles Schwab and Fidelity have launched an exchange. And all these institutional players search for altcoins with product market fit.
Everybody has seen the Bitcoin buy signal, making buying altcoins the most reasonable thing to do for investors who want to get in front of the curve. This article features four crypto projects whose innovation is leading the way in the second half of 2023.
DigiToads (TOADS) Redefining DeFI
DigiToads (TOADS) has pushed for a new standard in DeFi, and this innovator redefines what it means to be a DeFi protocol. DigiToads has built a self-sustaining ecosystem that constantly expands and rewards the community through intricate economic design.
DigiToads has pioneered a new use case for NFTs allowing owners of these digital collectibles to transform them into capital assets. The protocol enables the best community traders to manage and grow the treasury through the Platinum Toads initiative.
The Swamp (the DigiToads ecosystem) also features airdrops for all TOADS holders, a play-to-earn game known as Toad-Cade, an educational trading school, and even charity initiatives supporting rainforest preservation.
The Swamp features a Toad Tax levied for the benefit of holders that replenishes the NFT staking payout pool and gives $TOADS a deflationary nature via token burning. This automatic 2% burn makes $TOADS one of the most deflationary ERC20 coins on the market.
Analysts have already forecast a 1,100% rally in the coming weeks for $TOADS, citing that the protocol launch will kick all the economic gears into action and lead to an unprecedented surge. $TOADS is one of the altcoins to watch!
Fantom (FTM) Monolithic Scaling
Fantom (FTM) has not taken its foot off the gas regarding innovation and remains one of the space’s top altcoins. The layer one blockchain has introduced Gas Monetization allowing developers to earn a portion of the gas fees generated by their dApps. Fantom (FTM) had nearly 900 teams participate in its most recent hackathon and passed a governance proposal reducing the minimum validator stake to 50,000 $FTM, improving the network’s decentralization.
Analysts expect $FTM to target a high of $0.98 by the end of Q4 2023. While the attention rests on layer twos, many will miss undervalued layer one projects like Fantom (FTM). Many forget Fantom (FTM) still houses many top Defi projects.
Polygon (MATIC) Layer-Zero Capital
Polygon (MATIC) recently pushed a governance proposal formulating a plan to transition the Polygon PoS sidechain into a zk-EVM Validium. This would give the blockchain a massive scalability upgrade but, most importantly, bring all the economic activity on the PoS sidechain into the Polygon (MATIC) zk-EVM network.
Analysts forecast a range between $1.15 and $1.39 for Polygon (MATIC) by the end of the year, citing the incredible pace of development from the team surrounding zero-knowledge-proof technology.
Optimism (OP) Modular Layer Two Architecture
Optimism (OP), although not the most significant layer two scaling solution judged by economic activity, has laid the groundwork to become a key player in the space moving forward by introducing the OP Stack.
This modular approach allows teams to build customizable layer twos and has been the blueprint for Base and Mantle. Analysts expect the value to flow back to Optimism (OP) as the OP Superchain establishes, and they predict a range between $2.21 and $2.74 by the end of this year.
Closing Thoughts: Innovation Will Lead the Next Cycle
This article has listed the best altcoins to buy before the end of the year, and investors will be shocked at how fast these tokens start to move when the markets flip genuinely bullish.
Special attention must be paid to DigiToads, given that two significant price action catalysts are coming. First, it will launch on Uniswap and then on centralized exchanges. Both events always result in explosive growth for altcoins, not to forget that investors lucky enough to acquire one of the 3,500 NFTs will receive payouts for life!
Filed under: Bitcoin - @ July 2, 2023 11:00 am