DigiToads presale nears $6 million, PEPE and LADYS traction slowing down
Over the past few months, the meme coins scene has been bustling with activity. Several new DeFi projects have emerged, each featuring distinctive mascots and innovative designs. While dog-themed meme coins used to be the most prevalent, this trend is shifting as frogs, toads, cats, and dolls are also gaining a substantial share of this dynamic market.
There are currently three altcoins to watch: digitoads (TOADS), PEPE, and LADYS. DigiToads, in particular, has been performing well, with its presale almost reaching $6 million. However, the market excitement for PEPE and LADYS is decreasing despite their initial hype.
What are these meme coins, and what should potential investors know about the best crypto investment options?
DigiToads: merging NFTs, gaming, and meme coin features
DigiToads introduces a distinctive approach within the meme coin market, combining the advantages of NFTs, play-to-earn gaming, and meme coin growth potential. This comprehensive strategy has garnered attention for DigiToads and generated notable participation in its ongoing token presale. The platform’s play-to-earn model features an engaging Web3 game where users can collect, nurture, and compete with DigiToads in the Swamp Arena, which serves as the game’s metaverse.
Moreover, the DigiToads NFT marketplace allows users to buy and sell items from its exclusive NFT collection. Integrating non-fungible tokens (NFTs) and play-to-earn gaming positions DigiToads as a notable decentralized finance (DeFi) token with the potential to become a leading token post-launch. Additional benefits of the token include staking rewards, voting rights, and a deflationary model that aims to increase the price over time through a decrease in supply.
In its ninth stage of the presale, the DigiToads utility coin, TOADS, analysts expect the token to surge further after launch, considering the current presale traction. For what’s there, investors can consider the token.
PEPE slowing down after initial hype
Influenced by the recent surge in meme coin popularity, PEPE’s initial hype is decreasing. Introduced in mid-April, this token inspired by frogs swiftly gained traction, racing to the top 100 cryptocurrencies by market capitalization shortly after its launch. The rally was supported by Binance’s decision to include PEPE in its ‘Innovation Zone,’ which focuses on volatile cryptocurrencies.
However, this upward momentum was short-lived, primarily due to external factors such as a controversial statement by Coinbase associating Pepe Coin with hate symbols used by alt-right groups. The absence of practical use cases and the inflationary nature of its tokenomics have weakened PEPE’s position. With a decline of 70% in value over the past week, many analysts are raising doubts about the sustainability of the hype surrounding PEPE.
LADYS losing steam
Milady Meme Coin is a project from supporters of the Milady NFT collection. Despite lacking an official connection with the NFT collection, the coin aims to serve as the “drip currency” of Milady. LADYS, similar to PEPE, lacks an official team or established roadmap and is positioned purely for entertainment.
This factor, coupled with the absence of official affiliation, is contributing to a slowdown in LADYS’ traction, with the coin currently trading at around $0.000000044.
Bottom line
While many meme coins follow the notorious pump-and-dump model and offer limited utility, some break the mold by building comprehensive ecosystems incorporating staking, trading, gaming, and more. DigiToads exemplifies this novel approach, a foundation for its current success.
As the ninth presale stage draws to a close, with just one more stage remaining, investors can consider exploring the project, even diversifying their crypto portfolios with TOADS.
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