Market experts observe rates of change. Whether in traditional equities or crypto, rates of change provide a bird’s eye view of market development. The end of the hiking cycle marks one of the most significant market pace changes. The transition from quantitative tightening to quantitative easing has begun. A period of restrictive monetary policy will become one of abundant and cheap liquidity. What always happens when the FED adds liquidity to the system? Risk assets rally.
Investors and funds are trying to get ahead of this movement and are rapidly deploying capital. Bitcoin (BTC) and Ethereum (ETH) smash key levels, and DigiToads (TOADS) sees its presale rocketing ahead.
DigiToads (TOADS) Presale Raise Rockets Ahead
DigiToads has enjoyed a wildly successful presale, already raising over $6.57 million, with analysts expecting a total raise above $8 million. The increasing demand for large-cap cryptos has already begun to filter down to small caps. And protocols like DigiToads will be first in line due to their unique value propositions.
DigiToads provides an intricate ecosystem that allows users to earn while benefitting from deflationary tokenomics. The ecosystem, The Swamp, features various angles, including a revolutionary NFT Staking mechanism allowing holders of TOADS NFTs to earn dividend payments.
The play-to-earn game provides another earning opportunity, and players who rank in the top 25% each season will be rewarded with part of the prize pool. Players can purchase items at the in-game store to increase their chances of victory, and a portion of these proceeds will fund an airdrop for the whole community.
But the real reason for the massive influx of capital into the DigiToads presale is the unique taxation system that distributes value to holders. Part of the tax goes to the NFT Staking pool, and 2% gets burnt. This link between ecosystem activity and burn rate led analysts to compare it to Ethereum’s (ETH) EIP-1559.
Scarcity at the protocol level should cause a constantly appreciating valuation for $TOADS, and several analysts have already earmarked the protocol as having 50X potential due to the runaway success of its presale.
Bitcoin (BTC) Could it Target $100K?
Bitcoin (BTC) has performed excellently in 2023, even outpacing gains made by top altcoins. The Spot ETF news from financial institutions granted legitimacy to $BTC in the TradFi realm, and the first ETF approval should see an enormous influx of liquidity.
Conservative analysts forecast a potential range between $70,751.17 and $83,828.04 next year, but more bullish analysts have already begun calling for Bitcoin (BTC) to trade above $100,000.
Although specifics vary amongst analysts, the consensus remains that a Bitcoin (BTC) Spot ETF will transform the overall market. A huge influx of untapped capital waits on the sidelines, ready to access the internet’s store of value- the modern equivalent of gold.
Ethereum (ETH) And EIP-4844
Ethereum (ETH) approaches implementing EIP-4844, a considerable catalyst for layer twos. Introducing a specialized transaction type of layer twos will reduce the cost for end users and supercharge the layer two era.
In concrete terms for Ethereum (ETH) it means more economic activity settling on the network and increased buy pressure for $ETH. As the ecosystem swings back towards Ethereum (ETH) dominance, analysts have become increasingly bullish on $ETH and ERC20 coins under its umbrella.
Price predictions target an expected range between $3,051.80 and $3,754.46 for $ETH in 2024. And the proliferation of new DeFi projects building on layer twos feeds value back to the parent chain.
Closing Thoughts: Smart Money Weighted Risk-On
The movement toward a fresh bull market has already begun and on-chain data indicates crypto-native whales have heavily weighted their portfolios towards the best DeFi projects and new ICOs such as DigiToads.
The best way to get ahead of the incoming surge is to deploy capital today before institutions can formally wade into markets and send the prices of assets skywards. Participate in the TOADS presale today and lock in $TOADS at just $0.05 before launch, when it will leap to $0.055.
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