Eos (EOS) and Polkadot (DOT) Face Challenges as DigiToads (TOADS) Traction Gains Momentum – CryptoMode

Finding lucrative opportunities during this summer trading session can be more challenging than ever. Known for its slow pace, summer trading can still be highly rewarding if you can find the right projects flying below the radar. While Eos and Polkadot are slowing down due to several challenges, investors are now considering DigiToads, a new meme coin with explosive potential this summer.

DigiToads’ Explosive Potential Redefines Meme Coins

DigiToads is gaining huge momentum as it approaches the big launch on major exchanges. This project, currently in its seventh presale stage, has been the talk of the town due to its innovative model that reshapes the meme coin industry.

DigiToads takes advantage of the meme hype that made meme coins like DOGE or SHIB highly famous but provides something that these coins lack: utility. DigiToads platform is fueled by TOADS, the native token with several use cases.

TOADS can be used in the immersive Web3 game, where players battle digital toad characters. The play-to-earn game rewards players with TOADS tokens, which can be used to further improve the NFT-backed characters or can be spent to acquire cool NFTs on the platform. As an NFT owner, you can generate passive income by staking them on the platform.

Gaming contests, trading competitions, monthly airdrops, and weekly giveaways are some of the best features of DigiToads that have helped to raise more than $4.65 million in a short period.

Thanks to this multi-use platform, crypto whales, individual investors, and crypto enthusiasts have flocked to the website to join the presale early to benefit from the predicted growth of TOADS – with some experts forecasting an explosive growth of at least 2,000% returns in the following period.

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Is Eos Truly Decentralized?

Eos struggles with uncertainty as more and more investors are questioning its status. Despite its leading position in the best ERC-20 tokens list, its current consensus mechanism, delegated proof-of-stake, focuses most of the power in the hands of a few block producers. In turn, this makes Eos less trustworthy among investors that seek to support truly decentralized blockchain projects.

This challenge could dissuade new investors from investing in EOS, especially as more and more blockchain projects offer better incentives to the crypto community. Even more important, decentralization is a core tenet of blockchain technology, so struggling to provide this feature could turn EOS into a sinking ship.

Polkadot

Polkadot has been losing its grip lately, slipping lower each day. At press time, DOT has shed nearly 5% of its value in the past week. The network activity is in decline despite Binance recently showing its support. DOT’s revenues are also dropping, and social mentions have never been scarcer – decreasing by nearly 40% in the past month. Social dominance is key not only for meme coins but also for other crypto projects as social presence indicates investors’’ interest in the cryptocurrency.

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Summary

Many crypto projects are now struggling, especially as the summer trading session brings new concerns to investors and active traders. Fortunately, DigiToads is a credible crypto asset that could help your portfolio stay in the green in the next months. In fact, experts do not only estimate that DigiToads will deliver multiple-digit growth this summer but also state that it can become the most viral meme coin of 2023.

The upcoming gaming universe, NFT staking mechanism, and trading competitions offer a glimmer of hope to the investing community. These features will help DigiToads strengthen its position in the meme coin market and make it stand out from the crowd as it helps investors tap into an endless universe of income-generating opportunities.

For more information on DigiToads visit the website, join the presale or join the community for regular updates.

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.