This year is no different from previous years in that the bitcoin sector is rife with surprises. Dogecoin and Shiba Inu Coin have been making news with the rise of meme coins, but now a new competitor has appeared: DigiToads (TOADS). By the end of the year, this new DeFi cryptocurrency coin might reach $1, an increase of 8333% from its present value.
DigiToads : The new era coin
A brand-new meme coin called DigiToads (TOADS) has lately entered the market. It is based on Ethereum and has a 1 trillion token supply overall. The TOADS project is more than just another “green” ERC20 coin!
Due to its distinctive marketing proposition centred on environmental sustainability, DigiToads (TOADS) is making a stir. Worldwide, organisations and charities dedicated to wildlife conservation receive a share of the transaction charge as a donation.
Analysts predict that this eco-friendly and altruistic DeFi crypto coin will increase in value by 8333% from its current level and reach $1 by the end of the year. This is possible because DigiToads will likely expand from its current presale price of $0.01 thanks in large part to its vibrant and supportive community.
The data and the facts
Over 13,000 people have already followed the coin’s official Twitter account, and there are more than 7,000 users on the DigiToads (TOADS) Discord server. The coin’s future is brightened by the robust community support. DigiToads is rapidly gaining a following of its own because to its endearing and eccentric toad mascot and dedication to sustainability.
For a long time, Dogecoin (DOGE) was the top cryptocurrency meme coin. It was initially made as a joke in 2013, but over time it developed a cult following. Despite its humble beginnings, DOGE has recently attracted widespread notice as a result of endorsements from well-known people like Elon Musk and Mark Cuban.
However, there have been significant price drops for Dogecoin in recent months due to price volatility. When this article was written, DOGE was trading at a high surge bringing profit.
The fan following DOGE coin has
Even though Dogecoin (DOGE) has a devoted fan base, it is unclear whether it will be able to hold onto its position as the leading meme coin in the market. In the upcoming months, Dogecoin (DOGE) may see some stern competition due to the advent of DigiToads (TOADS) and other prospective rivals.
Another meme coin making news this year is Shiba Inu Coin (SHIB). SHIB, a cryptocurrency created to compete with Dogecoin (DOGE), rose to prominence as a result of its distinctive marketing strategies, which included mailing tokens to Vitalik Buterin, the creator of Ethereum.
The volatile price and rise in surge
The price of Shiba Inu (SHIB) has also fluctuated significantly over the past few months. This ERC20 coin is now trading at about $0.00001, a significant decrease from its previous high of $0.000088.
Although Shiba Inu (SHIB) has a sizable fan base, it is still unclear if it will be able to keep up its momentum in the market. SHIB’s status as one of the top cryptocurrency meme coins on the market may be in jeopardy due to the advent of other meme coins like DigiToads (TOADS).
A new meme coin like DigiToads (TOADS) has emerged, adding to the unpredictability of the cryptocurrency market. Analysts believe DigiToads might reach $1 and compete with its canine-themed rivals Dogecoin (DOGE) and Shiba Inu (SHIB).
It’s critical to keep in mind that investing in cryptocurrencies always has a certain amount of risk. For example, Shiba Inu (SHIB) and Dogecoin (DOGE) might both achieve $1 before the end of the year. However, DigiToads (TOADS) is unquestionably a meme coin to watch in the upcoming months due to its distinct focus on sustainability, strong community support, and growth potential.
The peculiar demonstration
SHIB has shown that it is not a very well-liked payment coin. online market for services Cryptwerk reveals that as of the start of December, just 659 largely unknown web shops were taking SHIB tokens as payment. This number has remained constant over the last six months, indicating that retailers have been put off by SHIB’s instability.
Its ownership numbers are yet another warning sign for Shiba Inus. FOMO is essential for raising the value of digital currencies.
Conclusion
Even though SHIB has already lost about 90% of its value from its peak, history suggests there is still a significant amount of downside room to be had after a peak gain.
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