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Meme coins have exploded as bullish sentiment reigns supreme in crypto markets. Traditional equities have been roaring as the interest rate hiking cycle comes to an end, and markets price in an influx of liquidity when quantitative easing begins again. Cryptos, especially more risk-on protocols, look primed to start tearing. In this memecoin frenzy, there has been one real winner: DigiToads (TOADS). While Dogecoin (DOGE) and Flocki (FLOCKI) slide, TOADS continues pumping, revealing that although investors want risk-on assets, they still prefer assets with utility versus those wholly dependent on market hype.
DigiToads has opened up a significant lead on other new ICOs launching and has raised a total of $6.5 million and is still climbing. The dynamic adjusting price employed within the presale links demand to price, which has caused TOADS to pump. Early presale investors have already seen gains of 400%. Currently, in its tenth stage with a price of $0.05, investors who move fast enough can buy in before the launch when the price will jump again to $0.055. The real driving factor behind DigiToads’ staggering success has been the duality of the protocol design. Cute mascots and meme contests bring all the traction and attention associated with the memecoin genre. And DigiToads supports this with The Swamp (its vibrant ecosystem), providing endless earning opportunities for investors. This unique model has made TOADS one of the most interesting altcoins to watch this quarter. The Swamp features a play-to-earn game where users can battle toad NFTs, and each season the top-ranked players earn a portion of the prize pool.
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