The evolution of cryptocurrency has brought about remarkable progress while simultaneously providing a platform for illicit activities, which has heightened regulatory concerns. Decisions made by the Securities and Exchange Commission (SEC) greatly influence cryptocurrency values, and new SEC filings can lead to considerable dips for specific assets. For example, Ripple has been locked in a legal tussle with the SEC for nearly three years, significantly hindering its development.
Thankfully, this dispute has now concluded, with Ripple emerging victorious, considerably boosting its price. Alongside Ripple’s positive turn of events, DigiToads (TOADS) also makes waves as a rising meme coin king. Here’s what you need to know about these two.
Ripple’s Post-Litigation Performance
XRP has seen a remarkable surge recently, spurred by Ripple Labs’ legal triumph over the SEC. The court ruled that Ripple did not infringe federal securities laws in its public sale of XRP tokens. Consequently, the XRP price soared by nearly 50% in the last two weeks, making it the most actively traded altcoin in 2023, with a trading volume exceeding $1.6 million.
Projections from analysts and indicators suggest that XRP will be trading at $0.71 by the end of August 2023, indicating a modest upside of approximately 1.5% compared to the current price.
Digitoads Emerging As A New King
Aside from XRP, the collective market focus gravitates toward DigiToads, a newly minted meme coin boasting an expansive utility and ecosystem. This ERC-20 token is set for launch on Uniswap on August 21, followed by its debut on BitMart.
A significant feature of DigiToads is its Web3 game, wherein users can compete using their Toad avatars. Those ranking in the top 25% each month’s end receive airdrops constituting 50% of the prize funds. The wider community also benefits, with 10% of the prize funds distributed proportionally, ensuring everyone stays motivated and involved.
Another distinctive aspect of this meme coin is the VIP Platinum Toad feature. The team hosts monthly on-chain trading contests where winners are awarded these prestigious VIP NFTs. Owners of Platinum Toads receive 1/12th of the treasury to trade live and earn a 10% profit share.
DigiToads also operates as an NFT-based project. The ‘Toad Friends’ NFT collection is currently available on OpenSea, with over 200 unique owners and counting. Notably, these NFTs can be staked, enabling owners to claim 2% of all tax fees collected within the project.
DigiToads’ presale is now in its final 10th stage and has yielded a 400% ROI for early supporters. Given the anticipated launch price of $0.055 (current price is $0.05) and the forthcoming release of a DEX, Toad School, Merchandise, and several unique elements, TOADS’ growth is just starting.
Developed by a proficient Doxxed team, this audited and KYC-verified project demonstrates a professional approach by incorporating deflationary mechanisms in its tokenomics. Every TOADS transaction automatically burns 2% of the tokens, reducing the total supply of 585 million and creating scarcity that will naturally lead to substantial hikes in a bull market and price stability in a bear market.
Final Remarks
Creating a cryptocurrency is not particularly challenging today, but endowing it with practical utility, real value, and legal backing requires additional expertise beyond technical setups. DigiToads is a hidden gem that ticks all these boxes. As the presale enters its final days, FOMO has encouraged many to secure their investment and await the impending launch with bated breath.
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