The regulatory landscape of cryptocurrency has begun to take shape following Ripple’s (XRP) partial victory against the United States Securities and Exchange Commission (SEC). After its significant win against the SEC, Ripple is now making headlines by pursuing a UK crypto license. At the same time, DigiToads is experiencing an influx of new investors as market sentiment improves and investors gear up to make profits.
In this article, we will explore the implications of Ripple’s regulatory pursuit and the potential impact on its price, as well as DigiToads’ rising popularity among investors.
DigiToads (TOADS): Investors scramble to purchase the hybrid token
DigiToads has been experiencing rising popularity since its emergence in the crypto landscape. The growing interest in DigiToads is due to its convergence between meme and utility as well as its enormous growth potential. The high demand for the tokens is evident in the fact that over $6.5 million was raised in presales and more than 92% of the tokens allocated for public sales were sold out.
DigiToads’ meme appeal has attracted a large number of enthusiasts interested in the fun and more volatile side of cryptocurrency. As a meme coin, DigiToads has been predicted to soar, with industry experts predicting a 10x increase immediately after launch on August 21.
As a full-utility meme coin, DigiToads has real-world uses beyond just being a speculative investment. Its use cases will cover P2E (play-to-earn) and NFT (non-fungible token), two of the leading sectors in the crypto ecosystem. This makes DigiToads a potentially attractive investment.
At the heart of the ecosystem will be a thrilling play-to-earn game and a gaming arena, where players will gather, nurture, and battle DigiToads, avatar-like creatures. The game will not only provide players with fun but also rewards that will serve as a source of passive income. There will also be additional rewards for top players from the game prize pool every month.
Its NFT collection will make up another integral part of the DigiToads ecosystem. The NFT collection will comprise 3,500 NFTs, which can be minted on the platform. NFTs can also be staked for rewards, providing another income stream.
The important use cases of DigiToads have significantly contributed to the influx of investors, besides its memetic appeal. TOADS, the utility token, will be used to mint NFTs on the platform and also for in-game purchases.
The presale is now in its last stage, with a token price of $0.05, and will end on August 15. With the opportunity to still accumulate the token at a cheap price, we suggest checking it out via the link below.
Ripple (XRP) pursues UK crypto license after its partial victory against the SEC
Ripple, the company behind the digital currency XRP, applied for registration as a crypto asset firm with the United Kingdom’s Financial Conduct Authority (FCA). This move comes in the wake of XRP’s partial victory against the SEC regarding its regulatory status. With the search for regulatory clarity in crypto still hot, several crypto firms, including Ripple (XRP), are looking to the UK.
There are several laws introduced in the UK Parliament regarding the creation of a regulated environment for digital currencies. XRP hopes to receive a positive response from the UK’s FCA after its favorable US court ruling. The implications of this for XRP will include enhanced market credibility, access to a new market, and partnerships, which will see it skyrocket.
Final Thoughts
The regulatory landscape of crypto has begun to take shape after Ripple’s (XRP) partial victory against the US SEC. Ripple’s pursuit of a crypto license in the UK will further improve crypto’s regulatory clarity as well as have a price impact on XRP. Meanwhile, DigiToads has been experiencing an influx of new investors aiming to position themselves before the presale ends.
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