SEC under scrutiny after Ripple ruling, Polygon, Cardano, and DigiToads soar
In the crypto market, investors and enthusiasts appear interested in Polygon (MATIC), Cardano ADA), and DigiToads (TOADS). These projects were positively influenced by Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC).
This ruling seemed to have opened up new growth opportunities.
For investors exploring the broader crypto landscape, keeping an eye on potential projects and understanding underlying fundamentals and market trends could be beneficial.
DigiToads: potential for growth
DigiToads has taken a new approach to crypto and the project may offer diverse avenues for users to earn income.
Investors can participate in play-to-earn (P2E) gaming, hold TOADS, enter trading competitions, and engage in non-fungible token (NFT) staking, among other avenues. TOADS is DigiToads’ native token.
In its presale’s 10th and final stage, TOADS is available for $0.05 and will rise to $0.055 on launch when the token lists on major exchanges.
With an initial price of $0.01, TOADS has a return on investment (ROI) of 370% at spot rates. However, early investors stand to receive 450% when the token lists.
DigiToads differentiate itself by creating value for its participants. Unlike many meme coins reliant solely on meme popularity, it has a P2E game that incorporates in-game NFTs, gaming competitions, and community rewards.
SEC scrutiny increases, Polygon and Cardano prices rise
The United States Securities and Exchange Commission (SEC) faces is being scrutinized following the Ripple case verdict in mid-July.
The ruling has sparked a broader discussion on the United States government’s stance on crypto, prompting Congress members to call for clear guidelines on digital asset classification and trading practices.
Nonetheless, the ruling supported various tokens.
For example, Polygon’s native currency, MATIC, is firm and up 24% in the last trading month.
Recent data also shows growth in Polygon’s non-fungible token (NFT) metrics, with a 20% increase in NFT traders and a 25% rise in transactions.
Cardano’s recent price expansion cannot be also solely attributed to the Ripple ruling, as the platform has been making strides in expanding its ecosystem through strategic partnerships, including its collaboration with Optimism. At the same time, ADA, Cardano’s native currency, found support via the Hydra Pay system that prioritizes interoperability and integration with web3 wallets on its network.
Cardano’s ADA is up 16% in the past month, aligning with the broader recovery in the digital currency market.
Conclusion
Noticeably, Polygon, Cardano, and DigiToads are projects investors are considering. DigiToads takes a hybrid decentralized finance (defi) model and can offer users opportunities for income generation, for example, via staking and rewards.
Furthermore, DigiToads can be an option for long-term investors, traders, and gamers as it combines meme coin potential and use cases.
The project aims to distinguish itself by releasing unique offerings and features in the industry.
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