Cryptocurrencies, like Ethereum (ETH), give exposure to a whole new asset class set to revolutionize how we live our lives, and early adopters stand to benefit greatly. But a new digital asset on the market is starting to attract attention from institutional investors: DigiToads (TOADS). Let’s examine why these two digital assets could be the best cryptocurrency to invest in and part of a balanced portfolio.
The frog has had its time in the sun, but a new amphibian is gaining attention in the cryptocurrency world — DigiToads (TOADS). This deflationary meme coin excites investors as they take advantage of the discounted prices during the presale phase.
The token burn of TOADS is just the tip of the iceberg regarding rewards from this credible coin. DigiToads is an ecosystem of play-to-earn games, staking pools, and NFTs that allows the whole community to benefit from the success of this new DeFi project.
The DigiToads (TOADS) metaverse is called ‘The Swamp’. Inside, users can explore a virtual world where they can use DigiToads — represented by cool NFTs — to battle each other and win rewards. TOADS tokens can be used to purchase upgrades, customizations, and other items in the metaverse.
Every transaction in The Swamp contributes to the success and growth of the platform by adding 2% of TOAD tokens to the staking rewards pool. These rewards are then distributed to staked TOAD NFTs, effectively cycling TOAD tokens back into the hands of the most loyal and active members of the DigiToads community.
With so much utility built into the DigiToads platform, it’s no surprise that it is one of the top altcoins to watch. DigiToads combines the power of meme tokens and DeFi protocols to offer a unique investment opportunity that is hard to pass up.
TOADS can be purchased for $0.024 during stage 5 of the presale, allowing early adopters to get in on the ground floor at a discounted rate. Analysts note that DigiToads (TOADS) goes one step further than other community-led meme coins, so entering the top 10 altcoins list is within reach.
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, and it’s been leading the DeFi charge for several years now. Ethereum (ETH)’s smart contract functionality allows DeFi companies to create decentralized applications (dApps), revolutionizing how people store, send, and receive money and interact with each other on the web.
While there have been several competitors to Ethereum (ETH) over the past few years, none has been able to match the success of the original smart contract platform. The total value locked (TVL) for Ethereum (ETH) network is over $28 billion. It continues to grow as more users flock to the network.
Ethereum (ETH) has a current market cap of over $220 billion, meaning that gains may not be as explosive as those seen on smaller, up-and-coming projects — but the security that comes with investing in a top-tier cryptocurrency is hard to ignore when creating a balanced portfolio.
Price-wise, Ethereum (ETH) is trading for around $1,850, representing a substantial return of 70% since the beginning of 2023. Analysts note that Ethereum (ETH) can return to an all-time high of $4,891 if the price can surpass the $2,100 resistance zone.
Ethereum (ETH) provides a secure, reliable platform for smart contracts and DeFi applications, while DigiToads (TOADS) allows users to access unique play-to-earn games, staking pools, and NFTs. Both coins are seeing a surge in institutional investors looking to capitalize on their deflationary token-burning mechanisms, discounted presale prices, and high growth potential.