As DigiToads (TOADS) is on Track to Raise $5 Million in Presale, Aave (AAVE) and Polkadot (DOT) Struggle to Keep Up

As DigiToads (TOADS) is on Track to Raise $5 Million in Presale, Aave (AAVE) and Polkadot (DOT) Struggle to Keep Up – CryptoMode

4 June 2023

in DOT

Reading Time: 4 mins read

Aave (AAVE) and Polkadot (DOT) are known to be high-ranking cryptocurrencies on the crypto ladder. However, 2023 has been quite a rocky year for the top cryptos, as their prices have been experiencing declines, and their records show a slight plunge in user activity.

DigiToads (TOADS) is a new cryptocurrency that is redefining the meme coin community with an edge by highlighting a play-to-earn (P2E) environment, non-fungible (NFT) staking, and monthly trading competitions. While these unique highlights further attract investors to participate in DigiToads’ live presale and propel it to raise $5 million, AAVE and DOT are struggling to keep up and recover from their recent price decreases.

Let’s explore how DigiToads is on track to raise $5 million in its presale and the events that have caused AAVE and Polkadot to struggle to keep up.

DigiToads (TOADS) is Close to Reaching the $5 Million Milestone.

DigiToads has constantly been the talk of the crypto industry as one of the best cryptos to buy now since its presale kicked off. The DigiToads project has structured its presale in stages with gradually increasing price points. This measure ensures that its pioneer investors have the most upside from purchasing the TOADS token at discounted rates before its launch price of $0.055 per TOADS coin.

The ongoing DigiToads presale has raised $4.5 million within seven stages, and it is on the right track to achieving the $5 million milestone. TOADS tokens are selling fast, as investors worldwide have secured over 296M TOADS coins. During its current Lilypad 7 stage, each TOADS token is being sold for $0.036, but the coin will experience a price increase immediately as it progresses to the eighth stage.

DigiToads is one of the best DeFi projects that aims to compete with — and possibly surpass — leading meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) with P2E gaming and NFT features. DigiToads has been named the best crypto that accommodates beginner and experienced investors by facilitating the ease of performing transactions.

>> Buy DigiToads Now <<

Aave (AAVE) is Trying to Survive Its 2023 Price and User-Activity Decrease

Aave is one of the best DeFi protocols that allow users to borrow, lend, and earn interest in its native AAVE token. Aave generates revenue by charging transaction fees when users borrow or deposit funds. In 2022, Aave recorded an average of 4,000 daily users, putting it ahead of its competitors.

2023 has been marked by a decline in user activity on the Aave platform. This became apparent in January when the number of unique active wallets (UAW) engaged on the platform dropped by 31%. The daily user count was also reduced by 38%. As user activity dropped, the AAVE token’s transaction count and income generation were reduced. The decrease critically impacted the platform’s transaction volume, as crypto analysts revealed a 96% drop in the fiat value of completed transactions in January 2023.

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Polkadot (DOT) is Facing a Price Decline as a Result of the 2022 Bear Market

Polkadot is a decentralized Web3 protocol that connects and provides interoperability between blockchains. It enables the connected blockchains to transfer information and digital assets. The DOT token established Polkadot’s purpose while providing security, scalability, and the best beginner features for rookie developers.

Although the DOT token is a top cryptocurrency in the crypto industry, it has struggled to gain market momentum. Despite numerous projects being built on its platform, Polkadot lacks sufficient adoption and awareness. Its existing investors have also seemed tired of waiting for the DOT token to recover from the bear market, which resulted in its price decline in 2022.

Conclusion

Irrespective of their recent struggles and decline in demand, crypto analysts foresee buy signals in the AAVE and DOT price analysis charts. This suggests that the potential for these coins’ prices to increase in June 2023 is highly feasible. On the other hand, DigiToads’ live presale continues to draw the attention of beginner crypto enthusiasts and impress experienced investors. DigiToads is undoubtedly leading the queue of the best cryptos to buy now, considering its redefined P2E gaming and NFT ecosystem.

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.

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