Cryptocurrency investors are always on the lookout for promising projects that offer both stability and significant growth potential. Solana (SOL) and DigiToads (TOADS) have emerged as notable contenders in the market, each with its own unique trajectory. While SOL is facing challenges in maintaining a $30 price point, TOADS continues to garner interest from investors due to its bullish prospects.
In this article, we delve deeper into the current state of both SOL and TOADS, analyzing their respective struggles and strengths.
What you'll learn 👉
DigiToads (TOADS) maintains a bullish outlook
As Solana struggles to maintain the $30 price point, DigiToads (TOADS) has continued to interest investors with its high bullish momentum. Since the start of the DigiToads presale, the price of the TOADS token has been increasing practically every month, leading to a 400% growth by the current Lilypad 10 stage.
Investors who joined the presale at the early stages are guaranteed a 450% value increase on their investments by the time the TOADS Tokens launch in late August 2023. Additionally, cryptocurrency analysts foresee a 100x growth for the TOADS token by the end of the year.
One of the reasons behind DigiToads ability to sustain its bullish momentum is its deflationary properties. Every transaction involving TOADS tokens is charged a 7% tax. Out of this, 2% is used to buy back TOADS tokens and burn them. With time, this will create a reduced circulating supply of the TOADS tokens, which will lead to increased value as demand increases.
A further 2% of the 7% tax is used to fund treasury growth while 1% goes into the liquidity pool. The final 2% of the 7% tax is used to fund the staking pool, which is used to reward investors who stake their NFTs on the DigiToads platform. This stake-to-earn model has also attracted a lot of investors to the DigiToads platform, as it gives investors a guarantee of extra income if they lock up their NFTS.
DigiToads incorporates this stake-to-earn feature with a play-to-earn gaming model that allows investors to enjoy an exciting web-3 game. In this game, players own and nurture digital NFT pets that they can breed and battle against those of other players. Each NFT pet is unique in its size, features, and abilities, and the player can boost these aspects using different items from the marketplace.
At the end of the month, the players who emerge top at the monthly battle competitions receive rewards in the form of TOADS tokens.
Another aspect of DigiToads that has attracted investors to the platform is its dedication to improving the environment. Unlike most other cryptocurrencies that leave a large carbon footprint, DigiToads goes in the opposite direction by donating 2.5% of its profits each month to a charity dedicated to conserving the environment, especially the Amazon rainforest, which is home to many toad species.
Solana (SOL) struggling to break the $30 price point
Solana, a high-performance blockchain platform, made waves in the crypto space for its fast transaction speeds and low fees. Over the past years, it experienced impressive surges in value, gaining the attention of investors worldwide and becoming one of the top 10 cryptocurrencies by market cap.
However, despite its success, SOL has been facing a tough hurdle in breaking the $30 price point. Market fluctuations and increased competition have resulted in the stagnation of SOL’s growth, causing concern among investors who were expecting a sustained upward trajectory.
Final word
Both Solana and DigiToads have distinct paths, with SOL facing resistance at the $30 mark and TOADS remaining bullish with its innovative play-to-earn and Stake-to-earn features that have led to a successful presale. After raising more than $6.5 million and counting in its presale, DigiToads is prepared to take the cryptocurrency market by storm and give investors more than 100X returns in coming months.
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