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With the broader crypto market in decline, two prominent tokens have taken more hits: Polygon (MATIC) and Ripple (XRP). This has resulted in concerns among investors, with more promising investment opportunities being sought. At the same time, DigiToads (TOADS), an emerging full-utility meme coin, has stolen the spotlight with an all-time high presale demand.
In this article, we will explore the recent price downturn in Polygon and Ripple and the remarkable presale success registered by DigiToads.
DigiToads (TOADS) soars to all-time high presale demand
In contrast to the bearish sentiment around the larger crypto market, DigiToads has seen an unprecedented surge in demand during its presale. Its all-time high demand is evident in its appeal to the crypto community. At the time of writing, $6.5 million has been raised in presales, which is a record for the full-utility meme coin.
Several factors have contributed to its success and resonance with investors, which we will explore below. First, DigiToads combines P2E and NFT, which are tangible utilities, with memes. By being an intersection between meme and utility, DigiToads aim to get the best of both worlds, which therefore appeals to all types of investors.
The P2E game will allow investors to earn while having fun and battling DigiToads. On the other hand, as an ecosystem for an NFT collection, non-fungible tokens can be minted on the platform. They can also be staked in exchange for rewards from the staking pool.
In addition, DigiToads’ enormous growth potential contributes to its appeal and its all-time high demand. As early investors recognized the potential of DigiToads, they scrambled to position themselves, which contributed to the surge in demand. Moreover, according to analysts, DigiToads is expected to soar by 20x immediately after its launch, making it a compelling investment.
The presale is nearing its end, which is scheduled to end on August 21. The presale is in stage 10 as of press time at a token price of $0.05. With a window of opportunity still available, investors are still accumulating the TOADS token, which you can also purchase via the link below.
Polygon (MATIC) trades in a downtrend amidst a decline in on-chain activity
MATIC is a layer-2 scaling solution for Ethereum. Polygon is the first well-structured Ethereum scaling infrastructure that is also easy to use. However, while Polygon has strong fundamentals, it has experienced notable downturns in its price.
Polygon has been experiencing a steep decline, which can be attributed to a decrease in on-chain activity. In addition, the decline in Polygon is also partly caused by a shift in investor sentiment and competition from other scaling solutions.
Ripple (XRP) is in a downturn after investors take profits
XRP is a digital payment protocol and the cryptocurrency at the heart of the Ripple ecosystem. XRP’s utility includes enhancing global financial transfers and the exchange of currencies. Ripple is one of the top tokens in the crypto market after its recent partial victory against the US SEC.
However, after soaring to an uptrend on the back of its significant victory, Ripple has experienced a strong downturn. The recent decline in Ripple can be attributed to investors taking profits from the market. Nevertheless, Ripple is expected to rally in the coming days, making its recent downturn a healthy price correction for more pumps.
Final Thoughts
The volatility of the crypto market is evident in the downturns of Polygon (MATIC) and Ripple (XRP) and the uptrend of DigiToads (TOADS). DigiToads’ appeal within the crypto community contributes to its surge in demand and will further contribute to its uptrend after launch. To participate in the DigiToads presale, simply click on the link below.
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