The general crypto market is still under regulatory pressure, and not many projects will probably see the light at the end of the tunnel. One project that has managed to navigate these murky waters is DigiToads, whose presale has recorded tremendous success and rewarded its investors with 270% returns so far. At the same time, Monero’s XMR and Hedera’s HBAR are under selling pressure due to regulatory and inflationary pressures.
Interest in DigiToads Surges, a New Meme Coin Era Awaits
The world of meme coins is recording staggering growth once again. DigiToads, more specifically, is a newcomer in this volatile industry but has managed to generate impressive returns as more and more investors see its huge potential.
DigiToads is a disruptor in this world as it is the first meme coin that comes with real use cases and value for its holders. Designed as a play-to-earn platform, DigiToads is a universe that combines entertainment with multiple ways to generate passive income.
In the virtual world, known as the Swamp, players take control of a digital toad character that they can grow, improve, and train in order to win gaming competitions. The best 25% of players receive up to 50% of the revenues from selling in-game items, and 10% of these revenues go to all other TOADS token holders on the platform, allowing investors to grow their cryptocurrency portfolio passively.
Another unique feature of this meme coin is the stake-to-earn mechanism. TOADS holders can buy and stake cool NFTs to receive passive income. The longer you stake the NFTs on the platform, the more rewards you receive as the staking pool collects 2% of all transactions on the platform.
Thanks to these main features and the deflationary nature of the token, DigiToads has grown at an impressive rate. It has already raised more than $4.65 million by the seventh presale stage. Another appealing feature is the structure of the presale, as each new stage comes with an incremental price increase, which means that early investors stand to gain massive returns.
So far, the token has increased by 270% and is expected to reach a minimum of 450% returns by the time it is launched on two major exchanges, Bitmart and Uniswap. Once the tokens reach the masses, the potential growth of DigiToads becomes virtually unlimited.
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Monero’s Privacy Coin Gets Delisted Due to Regulatory Pressure
Amid the regulatory crackdown, Monero is not spared. Binance has recently announced that, following local laws, Monero and a few other privacy coins are to be delisted by the end of June. Privacy tokens are currently being targeted by regulatory authorities as they allow people to conduct anonymous transactions, rendering their efforts to stop illicit transactions impossible.
These new regulatory efforts are likely to affect Monero’s performance and rate of adoption in the long term. Although there has been an interest surge in privacy tokens like XMR, specifically because of the stricter laws, the new efforts can significantly undermine the growth of privacy coins.
Hedera Under Inflationary Pressure
The news of Hedera unlocking $65 million worth of alt coins has been considered a bearish signal for the token’s performance. A greater supply leads to inflation, which tends to hurt the token’s value in the long term. Due to the newly created imbalance between supply and demand, HBAR is likely to dip in the next period.
Despite growing its network activity by 170% in the first quarter of this year, interest in the network is faltering.
Summary
One of the best cryptos to buy now, DigiToads comes with huge exponential growth potential. This newcomer took the market by storm by offering a blend of unique features aimed at generating wealth.
The well-thought-out roadmap, immersive gaming experience, and stake-to-earn mechanism are proof that DigiToads is here to stay, so many investors are now rushing to the platform to secure their slice of the cake by buying the TOADS tokens at a discount.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.