Monero (XMR), Polkadot (DOT), DigiToads (TOADS)

Crypto markets have finally decoupled with US equities, but with the ongoing liquidity challenges facing the space and more significant regulatory challenges from the SEC, has a new bull market really started? The positive price action Bitcoin (BTC) enjoyed recently has primarily been crypto-natives reallocating their portfolio to front-run the Spot ETF filings. In other words, there has been no influx of new capital but rather the shuffling of existing liquidity.

However, this gives investors one last chance at accumulation, and this article dives into 3 altcoins poised for success in these challenging market conditions: Monero (XMR), Polkadot (DOT), and DigiToads (TOADS).

DigiToads (TOADS) Introduces New Era of Earning in DeFi 

DigiToads has joined the ranks of new DeFi projects released during the bear market, and these protocols have been mandated to provide more value to holders and offer better overall utility due to the absence of cheap liquidity.

TOADS puts holders first at every step of the journey, and each angle of this protocol delivers value to its supporters. Key innovations such as the NFT staking mechanism and the Platinum Toads initiative put TOADS ahead of other ERC20 coins, making it undoubtedly one of the best DeFi projects on the market. 

The NFT staking pool allows owners of digital collectibles to earn revenue via a unique staking process. The 3,500 toad-themed NFTs will collect payouts funded by the Toad Tax. The Toad Tax, alongside funding payouts for these lucky owners, also funds an incredible burning campaign, burning 2% of each transaction occurring with The Swamp.

This in-built scarcity will rapidly increase the value of $TOADS as the supply dwindles. But the feature that flipped analysts bullish and led to their 1,200% forecasts for $TOADS within the next three months was the Platinum Toads initiative.

This feature distributes remote ownership of the protocol treasury to the most skilled on-chain community traders. It lets them trade and keep 10% of profits- they earn a healthy commission for their skills while aggressively developing the treasury.

This community-sourced trading arm gives TOADS a huge advantage and will allow the treasury to pay out increased rewards to community members while engaging in expansionary policies. Analysts have cited $TOADS as one of the top altcoins to watch this year. 

Monero (XMR) Counters CBDCs

Monero (XMR) is one of the leading privacy coins. It has facilitated anonymous transactions since its launch in 2014. Privacy and security are the two greatest focus points for Monero (XMR), which leverages advanced cryptography to obscure the identity of senders and receivers.

More crypto investors are waking up to the transparent nature of blockchain payments, and the increasing rise of CBDCs has caused a renewed interest in privacy solutions. Recently a court ordered Kraken to release the data of all users who executed more than $20,000 in transactions.

Analysts expect greater regulatory control to push more users toward privacy coins, and they forecast Monero (XMR) trading between $285.97 and $340.25 in 2024. 

Polkadot (DOT) Parachain Auctions Continue

Polkadot (DOT) was one of the best altcoins in the last cycle, and this interoperability protocol has continued the auctions for its Parachain slots. Notably, Moonbeam won auction 44, re-leasing its slot for another two years. 

Each new parachain slot adds an additional specialized chain that the existing parachains can interoperate with. Each parachain slot filled increases the value proposition of Polkadot (DOT), and this sleeping giant should wake up soon.

The Polkadot (DOT) team comprises some of crypto’s most talented blockchain developers, including Gavin Wood, a core Ethereum (ETH) contributor in the early days. This alone makes analysts long-term bullish, and their price predictions forecast an excellent year for $DOT holders expected to trade between $8.52 and $10.46 in 2024. 

Closing Thoughts: Bull Markets Make Money Bear Markets Make Opportunities

The bear market has fashioned a new generation of protocols grounded in sustainability and solid economic models. DigiToads is a leader of this new generation. Despite challenging market conditions, it has raised over $5.8 million in presale, indicating that investors are voting on this protocol’s success with their wallets.

The valuation of $TOADS remains heavily depressed, but this market inefficiency will soon close when the ecosystem goes live, and all the mechanisms begin. The presale offers investors one last shot at securing their place in the TOADS community and joining this altcoin gem on its 100X journey. 

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