The crypto market has been in consolidation mode in recent weeks after an explosive start to the year. Most coins led by Bitcoin (BTC) and Ethereum (ETH) have pulled back significantly amid a brewing bear market run. Amid the deep corrections, analysts are projecting a major price spike for DigiToads (TOADS), the latest sensation taking the crypto world by storm. BNB could also follow suit.
DigiToads Passive Income Opportunities
Despite being a new entrant in the burgeoning sector, DigiToads has rapidly gained traction, with over 200 million coins sold in presale for more than $3.6 million. Given that the presale has been live for a few weeks, hints of strong interest given the impact the project is poised to have as a full utility meme coin.
Unlike other meme coins whose valuations are always a function of hype and speculation, DigiToads has established a Play 2 Earn platform. The platform hosts a thrilling Web 3 game that allows people to play a game and earn in return.
The idea is to acquire an avatar, DigiToad, bread and nurture it to become the biggest and strongest in the swamp arena. Then, at the end of each gaming season, gamers on top of the leaderboard with the strongest and largest DigiToad are to earn TOADS tokens.
In addition to earning TOADS tokens in the P2E game, DigiToads is also running a monthly trading competition whereby people with the highest trading volume stand to earn Platinum TOADS. The Platinum Toads are to grant holders 10% of all trading profits made in the TOADS treasury.
The opportunity to earn does not stop with the trading competition and Web 3 games. DigiToads also offers non-fungible token holders an opportunity to trade and stake their holdings. It has established an NFT staking platform whereby 2% of every TOADS transaction will be added. Community members that stake their NFT tokens longer in the platform stand to generate significant passive income.
The decentralized finance project also has a charitable side of setting aside 2.5% of all profits generated for conservation. The funds are to go towards projects focused on conserving the rain forest and replanting trees, which is boarding well with sustainable-focused users.
TOADS is the native token that’s making everything possible, offering holders an opportunity to engage in P2E gaming, participate in trading competitions, and stake non-fungible tokens. Currently, in presale, the deflationary token has a limited supply of 585M tokens with a token-burning mechanism in play to limit supply over time.
BNB Holding Steady
BNB is the token powering Binance, one of the world’s largest cryptocurrency exchanges. The token has been on an impressive run in 2023 in trading volumes in the exchange picking up after the crypto winter experienced last year.
A spike in trading volumes in the exchange always translates to a growing demand for the BNB token resulting in significant price appreciation. In addition, the token accrues its utility in powering the BNB Smart Chain, a blockchain platform used to develop and run smart contracts and decentralized applications.
BNB’s long-term prospects are highly dependent on the success of the Binance exchange. Consequently, the token’s value is appreciated whenever the exchange is thriving. Likewise, the token is usually one of the biggest casualties whenever the exchange is under immense pressure, especially on the regulatory front.
Nevertheless, experts expect BNB to register a major price spike amid growing interest in digital assets after last year’s deep selloff.
Bottom Line
DigiToads has taken the cryptocurrency sector by storm by being a meme coin backed with real-world applications around Web 3 gaming, staking and trading. By offering community members solid passive income-generating opportunities, the project has attracted significant acquisition in presale and still growing.
For more information on DigiToads, visit the website, join the presale, or join the community for regular updates.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
