As Dogecoin (DOGE) hype fades away, this new meme-coin Captures Attention with over $6.2 m Raised

As Dogecoin (DOGE) hype fades away, this new meme-coin Captures Attention with over $6.2 m Raised – CryptoMode

21 July 2023

in DOGE

Reading Time: 3 mins read

DigiToads has set itself apart as an investor paradise when traditional heavyweights continue to fade. Its presale, which is nearing an end, confirms this. The project has many features that appeal to different groups. Gamers and investors have an opportunity in the project. It also carries a meme appeal that is irresistible to amphibian meme lovers.

The Ethereum-powered project’s monumental rise contrasts with the fortunes of Dogecoin (DOGE), which has experienced massive turbulence in the year so far. It is losing its shine quickly. Read more to understand why this is the case.

DigiToads Shines as Traditional Heavyweights Continue to Drown

DigiToads is shining, and the closest utility project matching what successful rivals did on their route to the top. Its race to the top has to do with the exciting features it offers, appealing to various groups. The icing on the cake is its root meme that continues to remain popular in the social media space. Fundamentally, it is dependent on two factors that make it more immune to market pressure, unlike most other meme coins in its class.

On the utility front, the project boasts a metaverse that supports various levels of interactions. DigiToads bets on this virtual space to be an entry into the burgeoning web3 that is gradually taking over the internet. The interactions range from gaming to interchanges among TOAD token holders and marketplaces.

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Gaming is a major highlight of the DigiToads project. Critically, the P2E world will launch officially on 21st August. The activities promise fun and entertainment for on-lookers mixed with a blend of passive income opportunities. Virtual gaming arenas host gaming activities, providing life-life spaces that make them more challenging. Those topping the leaderboards receive their share of TOAD rewards from the prize pools, increasing their stake in the DigiToads universe.

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In addition, battle actions make the gaming marketplaces active and profitable. At the end of the season, each gamer receives a share of 50% generated from game-character selling. The rest of the income goes back into the project and at least 10% of it to passive TOAD holders.

DigiToads has been on an impressive run in the few weeks. Currently with over $6.2 million raised. TOADS is poised to go official next month, promising a 450% jump in TOAD value. The token is up 370%, and quickly pushing to 400% once it reaches the final stage of the presale.

Beyond launch, DigiToads has set up its token to work for the investors. It boasts a familiar approach to achieving this. The creators added a token burn feature that will automatically eliminate some TOADs, improving the value of the tokens in an instant.

While the project has set up itself as a financial destination for investors, it also looks at the environment and plays its part to prevent a catastrophe. Many crypto projects have been on the receiving end of criticism for doing little in cutting down their carbon footprint. As the world stares at a climate catastrophe, DigiToads is standing out by offering a part of its profit to environmental conservation projects.

Dogecoin’s Hype Faltering amid loss of Interest from Various Quarters

Dogecoin has been a meme coin giant and continues to carry the tag. However, the project is having it hard in the markets as its die-hard investors continue to look elsewhere. Dogecoin (DOGE) currently goes for $0.071 and has a projected end-year value of about $0.45. The figures seem mouthwatering and would convert anyone hesitant on jumping into the Dogecoin ship. Nonetheless, from a broader perspective, the hype that pushed Dogecoin (DOGE) to top the meme coin charts has long faded.

Final Note

Every hype that uplifts a crypto project often runs out of steam, requiring strong utility points. DigiToads has kept this in mind by maintaining a formidable utility basis that will help it push forward once the hype surrounding its launch starts to fade.

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