Ripple (XRP) Price Retraces Below $0.4800 Following Bearish Behavior while DigiToads (TOADS) Presale Spikes in Demand

Once a cryptocurrency that buyers couldn’t get enough of, Ripple’s fortunes have changed. As its price hovers below $0.4800, XRP holders are now in search of new alt coins. DigiToads (TOADS) has emerged as one of the new market favorites that has impressed even analysts with its growth potential. Built on the Ethereum network, DigiToads draws its strength from its distinctive economic framework that supports multiple opportunities for earning passive income. Despite being in its presale stage, the meme coin has registered resounding success by raising more than $2.45 million in presale funding in just four stages. Analysts are quite optimistic about DigiToads’ growth potential with six more stages left.

DigiToads: The latest ico that is analysts top pick for 2023

For several market experts, DigiToads is a top crypto to invest in as it ticks off all the right boxes when it comes to choosing a good cryptocurrency. Experts are raving about its economic design that supports features of different kinds of cryptocurrencies. Once you are onboard, you can stake tokens, trade them, enter giveaways, win rewards for holding tokens, play blockchain-based games, and even try your skills by participating in trading competitions. The only way to explore all these opportunities is to procure the platform’s native token TOADS, which can be bought on presale. Modeled on the ERC-20 protocol, the TOADS token is a deflationary cryptocurrency where the token supply is controlled in a way to minimize fluctuations in its price. The supply is controlled by burning tokens systematically, so the supply is always scarce.

The latest ico has been drawing a lot of attention because of the monthly trading contests it plans to host. These contests would pit all traders against each other and the one clocking the maximum trade volume in a month wins. Apart from getting to keep 10% of the profits they book, the winners are also given a Platinum Toad which grants them remote access to DigiToads’ treasury fund. At the end of the year, the 12 Platinum Toad winners will be managing the platform’s treasury fund under the supervision of the DigiToads team.

Another major attractive feature of this new cryptocurrency ico is its play-to-earn games where the winners bag TOADS tokens. The players are pitched against each other in a metaverse swamp where only they have a digital companion called ‘DigiToad’ for help. Every DigiToad has been blessed with a set of special powers which can add to the player’s advantage in the game. These DigiToads can either be bought or traded or won in a competition. To take care of your DigiToad’s health, you can buy them training equipment, food, or potions using your TOADS tokens. The players ending the season with the maximum points will win the game.

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Ripple ranked number 1 in a survey of CBDCs

Ripple is a decentralized cryptocurrency network that helps businesses bolster their operations using blockchain-based tools. Its native token is XRP and its permissionless technology equips businesses with the tools to settle digital transactions at a high speed. Being carbon-neutral and energy-efficient only acts in its favor. Moreover, the Ripple network also includes a decentralized exchange and a customized tokenization feature in its protocol. What makes the Ripple network unique is the wide array of use cases that the XRP Ledger can support. These use cases include NFTs, decentralized finance, and micropayments. On the Ripple website, developers can also access in-depth tutorials to learn new coding languages. In a recent research report released by digital consulting firm Juniper Research, Ripple was ranked the best central bank digital currency among 15 competitors. In a Twitter post, Ripple’s senior advisor Antony Welfare claimed that the report highlighted the XRP token’s enormous potential and the growth it is capable of driving by 2030. However, Ripple’s price has exhibited bearish behavior, which will likely continue soon. 

Should you add DigiToads to your portfolio? Check out what analysts are saying

With Ripple sticking to bearish behavior, crypto users are looking for dependable projects to diversify their portfolios. Given the market conditions, for many analysts, DigiToads is among the best options available for both rookies as well experienced traders. The beginner cryptocurrency has been a game-changer for the DeFi ecosystem with its unconventional features that balance both versatility and utility. Plus, it enables crypto users to boost their passive earnings with several long-term opportunities. 

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