Memecoins thrive on speculation, and Musk’s inclusion of the Dogecoin (DOGE) logo in his Twitter bio has fueled rumors that gained strength following the rebranding to ‘‘X’’ and the potential inclusion of payments. Launching a super app, including payment infrastructure, seems to indicate the inclusion of crypto payments, and market sentiment grows increasingly bullish.
Dogecoin (DOGE) price pumps 16% as Elon Musk’s tweet connects $DOGE and X, but the hidden story rests among the new generation of memecoins and a protocol titled DigiToads (TOADS). The astounding presale results put this blockchain ICO on a trajectory to topple Dogecoin (DOGE), and analysts believe that DigiToads is next to explode.
DigiToads (TOADS) Presale Crosses $6.6 Million
Investors must always look at second-order effects to get ahead of the market. DigiToads has been a substantial net beneficiary of the increased inflow into memecoins, and the presale speaks for itself. After eclipsing $6.6 million, the central target for the total raise has shot up to $10 million.
TOADS is part of the cohort of new DeFi projects fundamentally improving the models and economics of the top altcoins from the last cycle. It takes all the standard methods of value accrual typical in the meme genre, principally a viral marketing strategy, a cute mascot, and a burn campaign, and blends these with a utility-focused ecosystem.
The ecosystem, The Swamp, delivers numerous passive income sources for investors, and $TOADS ownership providing cash flows will lead to a drastic repricing at launch on August 21st hence analysts’ price forecasts of a 2,100% surge before the end of 2023.
The Swamp includes an NFT Staking mechanic, allowing holders of the DigiToads NFT Collection to earn payouts. The Swamp’s taxation system, Toad Tax, guarantees the sustainability of these payouts and directs 2% of all transactions to this pool. Additionally, burning 2% of transactions and constantly decreasing the total supply of $TOADS.
The Swamp airdrops tokens to all community members funded from revenue generated by the in-game item store from Toad Cade- the ecosystem’s play-to-earn game. Which opens up another revenue stream for investors.
The native DEX, the active treasury management system, the charity initiatives, and the educational platform also feature in the broader DigiToads’ flywheel. And this pivot toward utility, earning, and community makes $TOADS one of the best altcoins to invest in over the next six months.