The markets have stopped reacting to negative news implying great underlying strength. A recent announcement from Nasdaq stated they would abandon crypto custody amid the US regulatory storm. Top altcoins have shrugged off this news, and Chainlink (LINK), Arbitrum (ARB), and DigiToads (TOADS) have experienced a momentum surge.
The attitude of even a big player like Nasdaq has become unimportant following the aggressively pro-digital asset stance of Larry Fink, who hails cryptos as international assets. The central question for investors in the space now will be which are the best altcoins to buy before the end of 2023. This article outlines why $LINK, $ARB, and $TOADS could be the best bets.
DigiToads (TOADS) Presale Approaches $7 Million
DigiToads ranks first for one obvious reason: its presale’s overwhelming success compared to other new ICOs currently going to market. Raising over $6.5 million, and analysts expect it to race past $7 million soon.
TOADS provides a holistic DeFi earning journey for all community members, and the powerful flywheel of the ecosystem, The Swamp, could propel $TOADS to unimaginable heights.
The Swamp features a native DEX that generates revenue for the protocol and allows holders to earn through liquidity provision. A revolutionary NFT Staking mechanic means every member of the DigiToads NFT Collection is a revenue-producing asset. And the Platinum Toads initiative seeks to aggressively expand the treasury by distributing remote control to the best community traders.
The Swamp additionally features a play-to-earn game, charity initiatives, meme contests, an educational platform, and more. The Toad Tax is the economic engine driving this sophisticated ecosystem and ensures capital flows toward long-term supporters.
It funds the NFT Staking payouts ensuring their sustainability and a burn campaign steadily reducing the total supply of $TOADS. All investors have to do is buy $TOADS and let The Swamp go to work.
Analysts forecast a 2,700% rally by the end of 2023, citing that the market will reevaluate the price of $TOADS when payouts begin on August 21st.
Arbitrum (ARB) Leading the Layer Two Race
Arbitrum (ARB) is another of the leading altcoins to watch, already dominating the layer two scaling race. Arbitrum (ARB) had an annual revenue of $155 million in 2022, and the abundant usage of this optimistic rollup will funnel capital toward the native token $ARB.
The continued dominance of layer twos offers Arbitrum (ARB) another tailwind, and analysts forecast the token trading between $2.07 and $2.50 in 2024. Most of this growth will come from the new DeFi projects launching in the ecosystem, with the Arbitrum (ARB) grants program providing capital support for the next generation of blue chips.
Chainlink (LINK) Launches CCIP
Chainlink (LINK) is a decentralized oracle service that has always been regarded as a pick-and-shovel play. Chainlink (LINK) powers price feeds and liquidations across the space and can be understood as a protocol for protocols.
The announcement of CCIP (Cross-Chain Interoperability Protocol) caused a surge in momentum. CCIP will allow the communication and transfer of assets and information across blockchains leading to a new era of interoperability. Price predictions given by analysts show an expected range between $13.62 and $15.62 in 2024 for $LINK signaling a bullish sentiment.
Closing Thoughts: New Leaders Emerging for the Next Cycle
Regardless of the Nasdaq’s decision to forego crypto custody, altcoins continue to rally. Bear markets cannot last forever, and thousands of brilliant protocols have been launched throughout the last year and a half.
The next bull market is closer than investors think, and many will get left behind, waiting for new lows that will never arrive. Get ahead of the curve and participate in the DigiToads presale today- one of crypto’s fastest-growing communities and an altcoin with 50X potential.
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