Analyst Foresees Potential Bitcoin Drop Below 2022 Bottom, Crypto Whales Massively Invest in DigiToads Presale
Bitcoin (BTC) has lost crucial support at $30,000, which has now become resistance and barely clings to $29,000. The abundance of good news, including prominent American institutions applying for $BTC Spot ETFs and the judge’s ruling on Ripple, has failed to push the market higher. And one crypto analyst DonAlt foresees a potential Bitcoin drop below the 2022 bottom.
However, despite Bitcoin flagging, new DeFi projects are undergoing an enormous expansionary phase. The race is on to find 2024’s blue-chip protocols before they explode in value, and crypto whales have been massively investing in the DigiToads (TOADS) presale. Already touted as a frontrunner to become one of the next cycle’s top altcoins.
DigiToads (TOADS) Whales Push Presale Past $7 Million
Whales have waded into the DigiToads blockchain ICO, and these large-well capitalized players often operate in information asymmetry. What do they know about the DigiToads presale that other investors have failed to grasp?
Whales are taking advantage of the current market inefficiency of the $TOADS valuation. Currently available for just $0.050, these whales see the potential for a 50X due to the abundant cash flows within the ecosystem.
The native ecosystem, The Swamp, includes NFT Staking. This turns all DigiToads NFTs into capital assets that produce revenue. And staking pool accrues 2% of all transactions within The Swamp, making them arguably the hottest NFTs to invest in now.
These sophisticated investors also leverage DigiToads’ native asset management service: The Platinum Toads Initiative. This innovative function puts the community’s best traders in charge of the treasury and allows for aggressive expansion, distributing value back to holders via airdrops, payouts, and token burns.
These two features will go live on August 21st at launch, and due to these cashflows not yet materializing, the market has drastically underpriced TOADS. And this is precisely what these whales are taking advantage of.
Another value accrual mechanism slated to begin at launch will be the Toad Tax which will burn 2% of transactions entering and leaving The Swamp. This assertive burning campaign could provide the impetus for $TOADS to even 100X. One thing is certain, $TOADS is undoubtedly one of the best altcoins to buy in the current market conditions.
Bitcoin (BTC) Will it Visit $15,000 Again?
Bearish sentiment once more dominates Bitcoin, and DonAlt, a crypto veteran with over half a million Twitter followers, has made bearish calls. He cited the looming DOJ action against Binance and the weak price action of Bitcoin compared to stocks. He stated that when traditional equities stop rallying and begin retracing, they will crush $BTC.
DonAlt’s general thesis is to be bearish when good news does not push markets up and bullish when bad news does not push the markets down. Analysts broadly disagree with revisiting the 2022 lows, and their price predictions forecast $BTC trading between $45,732.08 and $55,310.04 next year.
Regardless of the short-term price action DonAlt and other crypto analysts agree that Bitcoin’s long-term trajectory as the internet’s store of value makes it a precious asset bound to appreciate over an extended time frame.
Closing Thoughts: Deflationary Models Trump Fixed Models
Whales wading into the DigiToads presale means that ordinary investors should follow their lead, acting as a bullish signal for the protocol’s trajectory. Entering early is one component that makes whales’ investment strategies so profitable. And joining the presale phase is the best time to enter any project. Participate in the DigiToads adventure today and join this exciting journey at the outset.
Filed under: Bitcoin - @ August 17, 2023 8:00 am