The post As Bitcoin’s performance falters, DigiToads remains a solid investment option for those waiting for the next FOMC meeting appeared first on Coinpedia Fintech News
The recent meeting of the US Federal Open Market Committee (FOMC) sprung quite a few surprises, especially a 5.1% rate hike that no one saw coming. In the aftermath, many analysts suggested investors stay put and wait and watch till the next FOMC meeting that is scheduled in June. Amidst the lull in stock markets. A new cryptocurrency DigiToads has emerged as a dependable option to park your funds. An Ethereum-based meme coin, DigiToads’ key USP is its unique economic design that offers multiple opportunities to earn passive income and bag crypto records. Plus, they are also plugging the gap left behind by a faltering Bitcoin.
DigiToads: The best crypto for beginners in 2023
DigiToads has been designed with a hybrid economic framework that channels the utility of three cryptocurrencies – a meme token, a stake-to-earn platform, and a Web 3.0 game. Apart from staking NFTs and trading tokens, users can explore opportunities like winning crypto tokens in Web 3.0 games, entering giveaways, participating in trading competitions, and even receiving rewards for holding tokens. The DigiToads team has rolled out a native token, TOADS, which can be used for staking, swapping tokens, buying NFTs, and purchasing in-game assets, among other things. Available on presale, the team doesn’t intend to use the entire supply of TOADs tokens – 585 million – for presale. Instead, the supply will be used for various tasks including organizing competitions, maintaining the liquidity pool, organizing competitions, team tokens, public presales, and other miscellaneous use cases.
For those interested in learning about cryptocurrency for beginners, DigiToads serves as a good option because of its user-friendly interface and lucrative awards system. For instance, rewards would be airdropped in the wallets of TOADS token holders every month. Moreover, its Web 3.0 game is a great way to boost your crypto earning while keeping yourself entertained. In the game, players get down into a Metaverse swamp, which is designed like an arena, and try to outperform their competitors. They take help from DigiToads, who are digital creatures with special abilities. The winners are announced after the season ends and they are given TOADS tokens as a reward.
Another opportunity that has boosted DigiToads’ popularity as one of the best crypto for beginners in today’s market is its monthly trading competitions. In these competitions, the team would be rewarding participants who book the highest trade volume in a month. Apart from getting to keep 10% of the earnings, the winners also get a chance to learn about managing the DigiToads treasury fund. Once they perfect their skills, they will be helping the team in doing the job.
The team plans on donating a portion of the annual profits every year to support the cause of rainforest preservation. For the donations, the team would be reserving 2.5% of the annual profits. Meanwhile, the organizations benefiting from these donations would be selected by the community members each year.
A bearish pattern for Bitcoin? Here’s what analysts are saying
More than a decade after its launch, Bitcoin is still among the top crypto coins. Bitcoin is a peer-to-peer blockchain network that supports cryptocurrencies and dApps. Its native token is BTC and it has chosen the proof-of-work consensus algorithm. What makes Bitcoin a good crypto to buy is the public confidence it enjoys. Being one of the first cryptocurrencies that were adopted for practical uses, Bitcoin’s brand equity paved the way for many crypto tokens. However, the BTC token has been grappling with price hurdles over the past few weeks. Citing bearish patterns, analysts feel that Bitcoin is likely to stay in the red for the short term.
Though Bitcoin is among the leading cryptocurrencies of the world, DigiToads has been fast emerging as a sustainable long-term option in a market that’s in turmoil after the US Fed rate hike. The analysts who have reviewed the TOADS token have lauded its versatility and they feel that by enabling token holders to explore multiple options for earning residual income, the platform will be able to help them build a steady source of income. Going by its presale success where it has raised over $3.2 million till now, market experts feel that DigiToads can potentially surge by 40x in the coming months.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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