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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 (TOADS) Meme Virality & DeFi Utility
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. The Trading Post is the protocol’s native DEX, where users can provide liquidity and earn. It also provides a source of revenue for the ecosystem.
The Platinum Toads initiative employs the best community traders to grow the treasury, and the NFT Staking mechanic turns every DigiToads NFT into a capital asset that produces revenue for its owner.
All of these features get tied together in an aggressively deflationary token, and analysts suggest that the early gains witnessed by $TOADS holders are just the start of things to come. Final estimates predict it surging by more than 1,200% before the end of 2023.
Dogecoin (DOGE) to be Integrated on X?
Dogecoin (DOGE) holders have witnessed multiple highs and lows. Unquestionably one of the best altcoins to have held throughout the blow-off top in 2021. However, its future looks more uncertain in the current crypto macro, which tilts toward utility.
Dogecoin (DOGE) has failed to integrate utility as seen by other market-leading ERC20 coins such as $TOADS and $SHIB, and now all hopes rest on Elon Musk. Musk has pumped Dogecoin (DOGE) before, and holders now hope that he will integrate $DOGE as a payment solution on ‘X’- the rebranding of Twitter which he states he wants to turn into a super app.
Analysts seem less confident forecasting a potential range between $0.12 and $0.15 for Dogecoin (DOGE) in 2024.
Flocki (FLOCKI) Can it Surpass Prior ATH?
Flocki (FLOCKI) distinguishes itself from $DOGE, following the lead of other projects and pivoting towards utility. However, analysts still have questions about the $FLOKI altcoin price and whether it can surpass its ATH (All-Time High).
The Flocki (FLOCKI) ecosystem contains four central utility projects: Valhalla, an NFT gaming metaverse, FlokiFi, a suite of dApps, FlokiPlaces, an NFT marketplace, and an educational platform known as the University of Floki.
But declining investor interest has caused Floki to slide. Analysts remain similarly lukewarm, forecasting a potential high of $0.00005052 in 2024- a long way from its ATH in the last cycle.
Closing Thoughts: A New Generation of Memecoins
Markets are bullish and alive with positive sentiment, but investors who have survived the bear market understandably show a strong preference for utility. This is why DigiToads has performed superbly recently, and investors can join the TOADS community today. Could $TOADS be the next memecoin king?
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