Polkadot (DOT) has experienced a 15% price decline while DigiToads (TOADS) presale Smashes the $6 Million mark

Larry Fink shills $BTC on national television, and Ripple wins an astounding victory against the SEC. The adoption of digital assets skyrockets globally- especially in emerging economies. All these events point to up-only price action for cryptos. However, investors must be discerning when adding tokens to their portfolios.

Binance Coin (BNB) is being heavily shorted, and Polkadot (DOT) has experienced a 15% price decline as revenues fall. At the same time, the DigiToads (TOADS) presale smashes the $6 million mark. The key takeaway for investors? Not all cryptos are equal. And on-chain data points to seasoned investors being heavily overweight towards smaller cap DeFi projects hinting that these are the best altcoins to invest in. 

DigiToads (TOADS) Presale Shoots Past $6.2 Million

DigiToads is part of the new generation of ERC20 coins disrupting the established status quo, and its presale trajectory indicates that this up-and-coming blockchain ICO can quickly shoot into the top 100 projects.

The DigiToads ecosystem, called The Swamp, delivers a masterclass in flywheel economics, and rampant presale demand comes as no surprise after investigating the TOADS whitepaper.

Each element of The Swamp feeds the larger flywheel, which acts as a capital sink within DeFi. DigiToads shares this accrued value with $TOADS owners through payout mechanisms, airdrops, and aggressive token burns.

The Swamp features Toad-Cade, a play-to-earn game where players can battle toad NFTs, and the top-ranked players earn part of the seasonal prize pool. One of the features attracting the most attention is the NFT Staking mechanism which allows investors quick enough to mint a TOADS NFT to secure consistent and enduring passive income payouts.

The Toad Tax funds these payouts ensuring their sustainability, and with 2% of each transaction funding this pool, more economic activity means greater payouts for NFT stakers.

Given TOADS’ flywheel design, this collection should become some of the top NFTs to buy within the next six months- analysts expect markets to reprice these NFTs when payments begin on the 21st of August.

The Swamp also features active treasury management thanks to the Platinum Toads initiative granting the best on-chain traders remote control of the TOADS’ coffers to trade in DeFi.

Additionally, The Swamp contains a native DEX, an education platform, and aggressive deflationary tokenomics. All these features point to a rapid surge when $TOADS launches on the open markets, and analysts forecast a 450% gain before the presale closes. 

Polkadot (DOT) Revenues Declining

Polkadot (DOT) has seen its price slide as its revenues decline. Declining revenue is part and parcel of the bear market, but in Polkadot’s (DOT) case, this is exacerbated by the technological leap in layer three blockchains.

The current meta favors customizable modular blockchains built on top of existing layer two scaling solutions, which spells bad news for the Polkadot (DOT) parachain auction system- the protocol’s core revenue driver. However, analysts remain bullish, forecasting $DOT trading between $13.75 and $15.99 in 2024.

They validated these predictions by pointing to Polkadot (DOT) 2.0, which moves from a chain-centric model to an application-centric model. And more generally, developers as talented as Gavin Wood have a knack for creating value. 

Closing Thoughts: Seasoned Investors Overweight on New DeFi Projects 

Crypto investors who have seen multiple cycles know that the markets follow a predictable one year red, three years green pattern. Similarly, they have witnessed many top altcoins flushed out and replaced with new contenders each cycle.

On-chain data shows older wallets have been accumulating projects launched during the bear market, notably targeting $TOADS. Join these experienced investors and participate in the presale today. Who knows, maybe $TOADS is the next 100X crypto gem.

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