The cryptocurrency market continues to be a rollercoaster ride, with Bitcoin facing significant struggles as it hovers below the critical $30,000 mark. Meanwhile, altcoins like DigiToads (TOADS) and Chainlink (LINK) are showing resilience and promise, positioning themselves for potential gains in the coming days. As the world watches these digital assets’ performance, several factors come into play, including the recent surge in U.S. retail sales and the ongoing evolution of decentralized finance (DeFi) ecosystems.
DigiToads is revolutionizing the meme coin scene
DigiToads is an NFT project that combines the charm of adorable toads with the revolutionary potential of blockchain technology. At its core, DigiToads is a collection of Digital collectibles, each represented as a one-of-a-kind NFT on the blockchain. These NFTs grant ownership and authenticity of the digital toads to their holders, making them valuable in the growing NFT market.
DigiToads NFT holders can choose to lock up their non-fungible tokens in the system in exchange for TOADs tokens. Every time a person makes a transaction involving TOADS tokens, they will have to pay a 7% tax. Out of this, 2% will go to the staking pool, which will be used to reward those who stake their NFTS.
Another attraction to the DigiToads platform is the play-to-earn web-3 game that allows players to immerse themselves in exciting battles against other players. At the end of each battle, the top 25% of players are rewarded with TOADS tokens.
As exciting as the DigiToads play-to-earn game is, it is just one of the ways that TOADS investors can showcase their skills and earn rewards in return. Another way that investors can shine on the DigiToads platform is by participating in the monthly trading competition. These competitions are designed to show the most skilled and consistent players on the platform and reward them with a Platinum Toad.
Platinum Toad is an incentive designed to encourage players to improve their trading skills so they can gain access to the DigiToads treasury for their future trades.
Additionally, DigiToads offers a toad school, a feature designed to give investors top-notch education that they can make use of once the trading post launches. The trading post is DigiToads decentralized exchange that will launch in the coming months.
These outstanding features have brought the DigiToads project to the forefront of investors’ minds, leading to one of the most successful presales of 2023. The DigiToads presale, which is currently in the Lilypad 10 stage has already raised more than $6.5 million, and there is hope that the figure could easily reach $7 million before mid-August.
Bitcoin’s struggle and market sentiment
Bitcoin, the pioneer of cryptocurrencies, has been experiencing a tough period recently, unable to break through the $30,000 resistance level. This comes amid growing concerns over increased regulatory scrutiny and the environmental impact of cryptocurrency mining. Despite its volatile history, many investors still view Bitcoin as a safe haven and a hedge against traditional market uncertainties.
One of the critical factors influencing Bitcoin’s price movements is the broader market sentiment. Crypto investors are closely monitoring macroeconomic developments, particularly the US retrial sales figures, which recently hit a record high.
Strong retail sales often lead to increased optimism about the overall economy, impacting the perceived value of cryptocurrencies like Bitcoin.
Chainlink poised for more gains
Chainlink, an established player in the crypto sphere, has been gaining traction as the DeFi ecosystem continues to expand. As a decentralized oracle network, Chainlink bridges the gap between smart contracts and real-world data, enabling developers to create more sophisticated and reliable DeFi applications.
The recent surge in demand for DeFi services has directly benefited Chainlink, as it plays a critical role in providing accurate data to DeFi protocols. Moreover, its interoperability has made it an integral part of several blockchain networks, further enhancing its utility and driving its adoption.
Final word
The cryptocurrency market remains highly volatile, with Bitcoin struggling to break through the $30,000 mark amidst strong U.S. retail figures. The broader market sentiment, influenced by economic indicators, can significantly impact crypto prices. Meanwhile, altcoins like Chainlink and DigiToads are proving their worth, displaying impressive performances, and capturing the interest of investors.
Visit DigiToads Presale
Mint DigiToads NFTs Here
Buy DigiToads NFTs on OpenSea
Join the community
Disclaimer: The statements, views and opinions expressed in this press release are solely those of the content provider and do not necessarily represent those of CoinChapter. CoinChapter will not be responsible in any way for the content of the same. Do your research and invest at your own risk.
