Cryptocurrencies are once again flying high, presenting exciting investing opportunities after 2022 deep sell-offs compounded by the collapse of some projects. The industry has already moved on from the shocks triggered by the collapse of the FTX exchange and Terra Stablecoin. Amid the bounce back, knowing which project to invest in can be difficult. Nevertheless, DigiToads (TOADS), Polygon (MATIC), and GMX should be in every investor portfolio as they are expected to explode in 2023.
DigiToads exciting market opportunities
DigiToads is an Ethereum blockchain project poised to be one of the biggest meme tokens backed by proven utility around play-to-earn (P2E) gaming and NFT staking. The full utility token is on the way to making a difference in people’s lives by impacting multiple facets of life.
Consequently, it has unveiled a thrilling Web 3 game that allows people to earn TOADS, the network’s native currency. All people need to do is collect and nurture DigiToads by using their Toads tokens to acquire potions, food, and training equipment. At the end of each season, each DigiToads that will be on top of the leaderboard in terms of strength, size, and characteristics will earn big rewards.
DigiToads has already set aside 50% of all funds raised from the sale of game items to be used in rewarding the top 25% of players on the leaderboard to incentivize the community. In addition to the reward, DigiToads will also set aside 2.5% of all profits generated in the community to support the environment. The profits will support charities committed to tree replanting and rainforest conservation.
There will also be an opportunity to stake non-fungible tokens to generate passive income. There is a staking platform whereby 2% of every TOADS transaction is added into the pool to reward people who stake their tokens to enhance liquidity in the network.
TOADS is the network’s native token that holders can use to pay for all transaction fees and purchase in-game items. The deflationary token has a total supply of 585 million, designed to limit inflation. A token-burning scheme in place will also ensure that the total supply continues to drop over time to enhance its value.
Polygon scaling solution
Polygon is one project that should be in every crypto investor’s portfolio owing to its ever-growing credential as a Layer 2 scaling solution. Its MATIC native token is outperforming this sector by 80% plus yearly gains. The stellar performance concerns the growing demand for Polygon as a scaling solution.
Polygon is a unique blockchain platform that makes established blockchains like Ethereum work better. Furthermore, as a scaling solution, Ethereum can be faster and less costly by providing a new framework for processing transactions. Ultimately, all transactions processed on the Polygon blockchain are added to the Ethereum blockchain.
Therefore, MATIC token continues to grow as Polygon offers the best of both worlds. It enables fast processing speeds and low transaction fees. Consequently, it is an ideal and secure scaling solution for any blockchain struggling with congestion issues.
GMX DEX prospects
Built on Arbitrum and Avalanche, GMX is a high-flying decentralized exchange token already up by more than 100%, outperforming the overall sector. It is one of the fastest growing in the DEX market, making it easy for people to swap cryptocurrencies in a decentralized environment.
As a swapping platform operating without intermediaries, it allows people to trade established coins like Bitcoin, Ethereum, Cardano, Solano, and other top cryptocurrencies with a leverage of up to 30X.
DigiToads is one project that has experienced significant growth, with sales of over $1.45m in presale. While the growth has caught the attention of investors, it also promises returns of over 450x as it looks to redefine the meme token space with NFT staking and P2E. Likewise, Polygon and GMX offer exciting investment opportunities as a scaling solution and DEX exchange. Add DigiToads to your portfolio and watch 2023 as your best investment year to date.