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The post Ethereum Stuck below $2k, Investors Applaud DigiToads $6.7 million Presale appeared first on Coinpedia Fintech News
The launch of Ethereum was a watershed moment for the cryptocurrency sector. It marked the addition of a new dimension to blockchain technology. DigiToads looks to achieve this effect by introducing utility to the memecoin scene.
That said, Ethereum’s price is yet to reach its full potential. ETH is not a purely speculative asset, but its utility as gas fees for smart contracts is wide-reaching. The Ethereum core development team has implemented several upgrades over the years to mitigate its scalability problems and retain popularity.
DigiToads launches with the advantage of studying the shortcomings of existing memecoins. The introduction of utility is a hit with optimistic investors about broader adoption. DigiToads has raised over $6.7 million in a successful presale that is taking the industry by storm. The project concludes its presale on 15th August 2023, heading for launch on 21st August 2023.
Ethereum consolidates below the 2k mark
Crypto traders are anxiously looking at the second-biggest coin for signs of what will come. Ethereum has kept below the $2,000 mark in recent weeks of trading. This price is below the all-time high of $4,800 but still represents a decent price for ETH. Ethereum bulls are awaiting the next big rally after the token crossed the $2,000 mark in April before dipping back below the mark.
ETH could use an overall market rally as it is central to other tokenized platforms. This utility keeps ETH ahead of challengers like Cardano, who offer similar solutions. All eyes are on overall market performance to provide a push for ETH.
DigiToads (TOADS) is a rising token heading for launch
2023 has been a curious year for cryptocurrency. Investors are scanning the horizon cautiously for assets with more upside. DigiToads is one of the standout performers, despite only being at the presale stage.
Investors are scooping up tokens for $0.050 at the tenth and final stage of the presale. The presale had ten stages, with gradually increasing TOADS prices. This structure meant that investors who got in earliest saw progressively better rewards.
In the tenth stage, the return on investment (ROI) is 400%. After launch, the ROI jumps to 450% before market forces take over. Investors anticipate that this token will be the next 100X token in the market.
DigiToads launches its play-to-earn gaming ecosystem on 21st August 2023 and looks to revitalize the memecoins sector with an exciting addition. This introduction of utility is a massive boost for token holders hoping to have a sustainable project token with an upside.
Additionally, DigiToads has Non-Fungible Token (NFT) collectables for users to create more value. Players can mint and stake the NFTs to get a portion of TOADS transaction fees. This possibility allows more sustainable value creation on the platform and gives players extra dimension to their holdings. NFT staking will be possible from 21st August, but minting is already on at https://mint.digitoads.world/
Conclusion
DigiToads dared to be different and is already reaping the dividends of that strategy. It would be safe to copy Dogecoin and release a similar memecoin to the market. This utility approach creates a thriving community essential for any coin to have long-term prospects.
Investors are eagerly awaiting the launch to see the project truly take off. The presale results are a positive indicator of market interest. Once the gaming ecosystem can take thousands of users, the token value should get a corresponding boost.
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