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Past successes shadow the current performances of two heavyweights. Filecoin and Polygon are projects that are gradually falling behind due to their rapidly deteriorating popularity. However, their contribution to the development of the crypto universe cannot be understated.
As they fail to deliver, DigiToads is shining. The fast-growing project bases its exponential growth on DeFi, P2E, and NFT staking. Read more to understand why Filecoin and Polygon are losing their shine and the reason for DigiToad’s successful presale.
DigiToads Continues to Gain Momentum and Traction in Stage 10 of the Presale
In the months it has been around, DigiToads continues to show why it is a project deserving more attention. While it has attracted a multitude, its early performance is already an envy for long standing projects. The presale has impressively collected $6.5 million and is on course for better figures come next month when it launches its token officially.
As things stand, its native token goes for about $0.05, while it has offloaded over 90% of the coins slated for the presale. The DigiToads project intends to offer something to appreciate the early participants. Its native token, officially launching on 15th August, will be up 450% on the anticipated day. Early participants will be able to appreciate some returns at that point.
Various fronts powering DigiToads are the reason for its early success. Most notably, the dual-faceted nature of the project. The project has a massive following from frog meme lovers that have enabled it to top the charts for budding projects. The meme facet is one of hype, uplifted by FOMO. A real-world user case is an angle that has moved it beyond stage five of the presale and beyond.
The project bases its utility facet on three fronts. It combines P2E, DeFi, and NFT staking into one. All three sides of DigiToads are set to invite various groups that have been key to its successful run.
Delving deep into P2E is an arena called the metaverse, which takes reality into a gaming console. The arena puts the impressive TOAD NFTs into action, pitting them against other players in the ecosystem. Top players have a chance to get massive rewards from the prize pools. In addition, those involved in gaming benefit from in-game purchase income.
DigiToads has set its project on a continuous trajectory, going beyond its early presale pace. It has leadership that follows democratic principles, which enables people to come in and out at will. In addition, the project carries a token burn feature that will kick in at some point when TOADS become oversold.
The multifaceted nature of the project and massive prizes make DigiToads worthwhile for investors.
Filecoin (FIL): Can the Project Redeem Itself?
As the name goes, Filecoin is a project set to solve some file-sharing problems. It runs a utility-based coin whose goal is to centralize file-sharing services, taking them away from big cloud service providers. The project is a competitor to players like Amazon web services that have dominated the space and are seeking to cancel this dominance.
On its better days during the year, the project hit a high of about $6.35 before quickly retreating. Positive sentiments in the crypto space might redeem it, but only time will tell.
Polygon (MATIC) Struggling to Inspire a Good Run
Starting in 2017, it has positioned itself as one of the most affordable blockchain spaces. However, it has since lost steam gradually as 2023 spans out. The project is not inspiring at all and has spiraled gradually. Its fight to break $1 is still ongoing.
Closing Note
As Polygon and Filecoin struggle to highlight their shine as they once did, DigiToads is on a good run. The dual-faced project is looking to upstage some long standing projects when it goes live officially.
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