New trends are always emerging in the crypto scene, with memecoins being one of the latest. While some dubbed it a fad after its emergence, memecoins have captured the attention of investors and become a vital part of the crypto ecosystem. Shiba Inu was one of the pioneering meme tokens and has become a blueprint for many emerging meme coins.
Unfortunately, the crypto landscape is constantly changing, with Shiba Inu losing momentum and DigiToads impressing with its spectacular presale. By raiding a stunning $6.2 million in presales, DigiToads has astonished the crypto community. In this article, we will investigate the most recent happenings in the memecoin universe and see how DigiToads is taking the spotlight away from Shiba Inu.
DigiToads: A new gem in the memecoin sector
DigiToads is a breath of fresh air in the memecoin scene saturated with dog-inspired meme coins like Shiba Inu. Getting inspiration from amphibian toads, DigiToads has impressed the crypto landscape and gathered a strong following, resulting in it raising a spectacular $6.2 million in presales.
DigiToads rose to the spotlight within the memecoin niche by combining elements of memecoin that revolve around fun and lightheartedness with P2E and NFT. It is aiming to build an ecosystem where P2E and NFT activities can be conducted, which offers more tangible and interactive use cases than many meme coins.
As an interactive P2E platform, players will be able to play its immersive blockchain-based game and earn rewards. They will gather and battle DigiToads—digital companions—and nurture them to gain a competitive edge over other players. This will serve as passive income for gaming enthusiasts. Top players will also receive 50% of the game prize pool every month, with the entire TOADS community receiving 10% of the game prize pool.
As an NFT platform, members can hold their own unique NFT. Its NFT collection will comprise just 3,500 digital assets, which can be held for its value propositions as well as for staking rewards from staking them on the platform.
While its P2E game and NFT will bring in more users to the platform, DigiToads also aims to increase its trading volume. It will incentivize traders through a monthly on-chain trading competition, with the best trader earning a Platinum Toads and having remote access to 1/12 of the TOADS treasury.
After all is said and done, DigiToads has enormous growth potential, making it stand out. Industry experts have made predictions that it will increase by 2,000% in the coming months. The presale is in stage 9 at $0.047 per token. You can follow the link below to participate.
Shiba Inu (SHIB) loses bullish momentum and plummets
Shiba Inu is an Ethereum-based and dog-inspired memecoin. The success of Dogecoin (DOGE), the first meme coin, paved the way for Shiba Inu, which rode the former’s success to become a leading cryptocurrency today. Shiba Inu is ranked 19th by market cap in the global crypto market and only behind Dogecoin, making it a leading meme coin in the crypto landscape.
While Shiba Inu’s lighthearted nature and promise of significant growth saw it experience an immense rally, it has since lost momentum, falling by over 90% from its all-time high. The absence of tangible use cases and its already large market cap made it less appealing to new investors, contributing to its momentum loss.
The crypto landscape is ever-changing, with DigiToads poised to become the leading meme token after Shiba Inu experiences a drop in momentum. With its significant growth potential and utility, DigiToads has become a favorite among investors who aim to ride the volatility wave of memecoin and enjoy profits.