As Binance Coin Price Indicates Potential Downside Correction, DigiToads Presale On the Road to Reach $6 Million Milestone
Narratives drive growth in crypto, and investors who discover narratives early have proven to be some of the most profitable investors over the last twelve months. Two macro narratives driving crypto currently are the pivot from alternative layer ones back to Ethereum (ETH) and the rise of decentralized services versus centralized services.
The increase of economic activity on layer twos has steadily drawn liquidity away from layer ones, leading to reduced buy pressure and shakier valuations. Binance Coin (BNB) price indicates potential downside correction as a result. At the same time, a blockchain ICO, DigiToads (TOADS), has enjoyed enormous success. The DigiToads’ presale is on the road to reaching the $6 million and on-chain data suggests it will cross this threshold soon.
DigiToads (TOADS) Introduces the NFT Staking Revolution
DigiToads has begun turning heads, and with $5.8 million raised to date, investors want to know why this memecoin has succeeded. The answer is simple, $TOADS is the perfect crypto for beginners and provides features that make it attractive to GameFi enthusiasts, NFT connoisseurs, and experienced traders. In short, it has broad market appeal.
Toad-Cade, the play-to-earn game in The Swamp (the DigiToads ecosystem), attracts GameFi investors, and this engaging feature gives skilled players a chance to earn real money. Each season the top 25% of players will win part of the seasonal prize pool and can increase the battling prowess of their toads by purchasing items in the in-game store.
The NFT Staking mechanic has got seasoned collectors scrambling after these trending NFTs. With only 3,500 TOADS NFTs available and each collectible producing passive income, the race to accumulate these toad-themed plays on famous figures has already begun.
The Platinum Toads initiative deeply resonates with skilled traders who get a chance to trade with the protocol treasury and keep 10% of all profits they generate. A win-win solution. Traders get paid, and the protocol treasury expands.
How does the protocol fund NFT staking rewards? Like any established and efficient organization, The Swamp has a tax system that ensures capital flows through the protocol to the advantage of $TOADS holders. As well as funding the NFT staking payout pool, the taxes also fund a powerful deflationary tokenomics model, leading analysts to forecast an impressive 1,300% surge in the coming weeks.
Binance Coin (BNB) Liquidation Threat Looms at $220
Binance Coin (BNB) has been one of the top altcoins since its launch in 2017 and has become a powerful asset of the Binance brand. Binance Coin (BNB) is the native asset of the BNB Chain, the third largest ecosystem, and home to many of the best DeFi projects in the space.
However, regulatory pressure and legal action against Binance have weakened $BNB, given that the token’s valuation represents the market’s perception of Binance. There is also a considerable liquidation event if $BNB dips below $220 which would lead to further downside.
Analysts’ price predictions for $BNB forecast the token trading between $425.84 and $503.38 in 2024. These predictions show that analysts remain confident in $BNB, and the current FUD could make $BNB one of the altcoins to buy now.
Closing Thoughts: The Next Cycle Belongs to New DeFi Projects
At this time, hundreds of new protocols find their feet in DeFi, and many of these projects will go on to replace the giants of the last cycle. The tailwinds of increased liquidity in DeFi and investors turning their back on centralized services lend strength to this thesis.
Up-and-coming projects like DigiToad that have crushed presale funding show the appetite for newer, more explosive projects. The TOADS presale is unique because it uses a dynamic adjusting price model, meaning that users who buy today get a better price than those who buy later on!
People who participate in the presale today will have already achieved sizable gains by the time TOADS launches on Bitmart and Uniswap. Join the final presale stage and stand a chance to be part of the in crowd that are experiencing sizable TOADS gains.
Filed under: Bitcoin - @ July 9, 2023 8:00 am