Meme coins rising: dogecoin and digitoads rally continues

Meme coins can offer a bright spot in crypto as they often appeal to a broader audience. In addition, their volatility has always attracted people wanting to benefit from price movement. As it currently stands, this trend can continue with dogecoin and digitoads prices remaining volatile.

DigiToads P2E and staking opportunities

DigiToads is a meme coin that can redefine the sector by introducing utility and use cases, essential to the burgeoning industry. Built on Ethereum, the project seeks to make it easy for people to earn passive income while doing what they love the most.

Consequently, it has unveiled a web3 game that brings the play-to-earn (P2E) spectacle around meme coins. In the DigiToads ecosystem, people can collect, nurture and battle unique DigiToads. The goal is to buy, trade, or win DigiToads and try to make them the strongest in the Swamp arena.

While leveraging the network’s native token, TOADS, people can purchase food and training equipment to make their DigiToads the largest and the strongest in the network. Ultimately, the DigiToads that comes out on top in size and strength is to win rewards distributed in TOADS tokens.

Even though DigiToads seeks to onboard more users, it also plans to enhance trading volumes. Consequently, there will be competitions where people stand to win prizes of Platinum Toads each month. A Platinum Toad grants holders the right to access the TOADS treasury monthly.

DigiToads will reward the top 25 players on the leaderboard for growing their DigiToads every season. To ensure that the players are always rewarded, it will set aside 50% of the funds raised from selling items and use it in this reward scheme.

DigiToads also makes it easy for people to generate passive income through staking. As such, it has unveiled a unique staking platform whereby network users can stake their non-fungible tokens (NFTs) to earn rewards.

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TOADS token

The presale of TOADS, the native token powering the DigiToads ecosystem, is in progress. Experts also remain optimistic about the token’s prospects.

TOADS is a deflationary token, and the total supply is capped at 585m. There is also a token-burning system that will limit supply over time. The system seeks to create scarcity affirming the tokens’ deflationary status.

Dogecoin Elon Musk boost

Dogecoin is another volatile meme coin, adding over 30% year-to-date, and continues to draw interest. While the coin is still down by more than 50% from 2022 highs, it is firm. Dogecoin continues to receive unwavering support and hype from billionaire investor, Elon Musk.

Musk has led dogecoin out of obscurity to become one of the most popular tokens in the world. While the coin continues to be more popular due to Elon’s help, it’s also making a name for itself as a cost-effective peer-to-peer network.

Dogecoin is strengthening its prospects amid the increasing focus on decentralized finance. It makes it easy for people to send and receive cryptocurrencies cost-effectively without intermediaries.

Bottom line

There is no doubt that meme coins are making a comeback after imploding in 2022. Nevertheless, the focus is increasingly shifting to coins powered by real-time utility and use cases. DigiToads aims to change NFT staking and P2E sectors. Meanwhile, dogecoin’s popularity continues to grow amid Musk’s help and push by developers to make the platform a noteworthy peer-to-peer (P2P) network.

For more information on DigiToads, visit the website, join the presale, or join the community.