DigiToads Raises Over $4.7 million In Presale: Could This Be The Next Big Memecoin?
By Benzinga
For any new startup, the initial stages are critical in projecting long-term prospects. In the cryptocurrency sector, this critical stage involves onboarding users and investors who will propel the project forward. DigiToads is at this juncture with a presale gaining plaudits in the crypto market.
The memecoin space is one of the most fascinating subsectors in the crypto sector. Pioneer memecoin simply ran as a Bitcoin parody with no roadmap, vision, or utility. The internet went along with the irony, and the project exploded between 2019 and 2020 by close to 18,000 %, becoming one of the most lucrative cryptocurrencies on the landscape.
DigiToads’ impressive Presale
Memecoin and Play-to-Earn (P2E) gaming ecosystem DigiToads has launched with an impressive start to its Presale. The project has raised over $4.7 million in only a few weeks of the token sale, with investor funding pouring in from all corners of the crypto community.
There has been significant enthusiasm for this coin at a time when the market presents few decent options. Investors are dealing with a bear market, regulatory crackdown, and general uncertainty. Therefore, DigiToads has shown impressive interest in a troubled market.
The popularity is not a coincidence. Ultimately, DigiToads is showing its edge over existing and competing projects. DigiToad looks to become the next major memecoin, outdoing the likes of PEPE and Shiba Inu, which are more or less Dogecoin copycats.
DigiToads has structured its Presale into ten successive steps, with gradual price increases all through. Accordingly, presale participants can be at an advantage at the time of launch when the project goes on major exchanges.
Utility is key
Memecoins are a unique phenomenon. Rarely does a financial product gain credence with investors by claiming to have no use. Well, Dogecoin was a glitch in the matrix that proved this could be achieved on the blockchain.
DigiToads takes the fun aspects of Dogecoin but provides actual utility. Its theme is toad avatars that battle to protect their habitat. Toads are some of the most efficient creatures in an ecosystem as animals that can survive on land or water easily. In this game, they compete for survival in a swamp metaverse ecosystem.
The game creates added value with the possibility of collecting and staking NFTs in the game. These collectibles ensure that users can build value from their gaming activity and gain rewards in TOADS tokens from their staking activity. Staking creates community governance which is the essence of a decentralized finance ecosystem.
The likes of Shiba Inu and Pepecoin also take the approach of Dogecoin. In PEPE’s case, the project has gained significant traction from the popularity of its underlying meme. However, there is doubt as to whether this hype will sustain itself after the initial excitement has run its course. Despite having explosive growth, Dogecoin has also experienced crashes after the rallies as speculative investors dumped their holdings.
Therefore, DigiToads is not merely a memecoin for speculative ends. This space is already full of Dogecoin imitators, and investors are looking for new projects with a difference. The utility from DigiToads has proven decisive in its Presale and is likely to remain crucial for the project moving forward.
Conclusion
Some investors are showing confidence in DigiToads from the early presale numbers. This enthusiasm has seen the project sell 97% of the tokens available for the Presale. As the project gathers momentum, time will tell if this will be the memecoin king. Its success could be a game-changer to the operating style of memecoins forever.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.
