Top Analysts Say Polkadot, DigiToads, and Filecoin are Poised to Lead Anticipated Bull Run
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The global cryptocurrency market is headed for some happy times if leading analysts’ projections about the sector are anything to go by. According to market experts, Polkadot, DigiToads (TOADS), and Filecoin will lead the next bull run of the crypto market. The surprise package of this trio is DigiToads which was launched earlier this year.
Powered by Ethereum, DigiToads is built on hybrid DeFi and has gained popularity with its ability to provide multiple opportunities for earning passive income. It has emerged as one of the best altcoins to buy now because of its hyper-efficient smart contracts and robust security framework. DigiToads’ presale success is another reason it has been in the spotlight. The DigiToads team had planned on rolling out its native token for sale in a 10-stage presale process, of which nine are complete. So far, the crypto project has raised over $6.6 million in presale funding.
DigiToads: A deflationary cryptocurrency with versatile features
DigiToads has been designed as a state-of-the-art crypto project making waves with a nuanced model capable of driving financial inclusion. Crypto users can look forward to securing their future by exploring multiple opportunities for earning passive income. These opportunities include staking, trading tokens, winning tokens in exciting Web 3.0 games and competitions, and getting a chance to win daily prize draws. Any reward that one wins or passive income that they earn will be distributed in terms of DigiToads’ native cryptocurrency – the TOADS token. The token also comes in handy for all transactions on the network.
What makes the TOADS token a good crypto to buy is its anti-inflationary character that protects its holders from losing their returns to market volatility. This is done by keeping the supply always less than the demanded level. If it does rise past the demand, the additional tokens are burned, and the token supply again becomes scarce. The deflationary mechanism keeps price fluctuations minimal, and the token’s value also stays stable.
There are several upcoming projects that the DigiToads team is working on. For starters, an official merchandise range will be rolled out for fans of DigiToads to spread awareness about the platform. The amount realized from the sale of these items will support the cause of environmental conservation. Another upcoming project the team is working on is an online think tank for various facilities for NFT owners. One of the key facilities to be offered by the platform would be informative sessions for NFT owners on cryptocurrencies.
Beatport rolls out NFT marketplace on Polkadot
Polkadot is among the top crypto coins of 2023 and facilitates the transfer of data and assets with the help of a network of specialized chains called parachains. The sharded multi-chain protocol’s network of parachains facilitates seamless interoperability of blockchains. Its native cryptocurrency is the DOT token. Polkadot can effortlessly update its code architecture, provided its token holders are game. The platform recently hit the headlines after leading electronic music platform Beatport announced that it would be launching an NFT marketplace on the Polkadot network.
Filecoin storage utilization rises to 7%
Filecoin is a leading crypto project that has won over developers with its cloud-based storage solutions for data and assets. Users availing of its services must pay a small fee for Filecoin’s native cryptocurrency, the FIL token. For its consensus algorithm, Filecoin leverages a combination of both proof-of-spacetime and proof-of-replication. The platform recently hit the headlines after a Messari report claimed that Filecoin’s storage utilization has shot past 7% in the second quarter of the year.
Conclusion
If you are looking for the best crypto investments in today’s market, an important parameter to factor in while making a decision is a token’s growth potential. In the past, Polkadot and Filecoin have proved their mettle with their market performance. However, they lag behind DigiToads in terms of potential for long-term growth. Analysts claim that DigiToads owes its growth potential, where users get to try out a wide array of options for earning passive income and can potentially build a steady source of earnings. Visit the TOADS presale to start accumulating this new cryptocurrency, as it could potentially provide handsome returns after getting listed on mainstream exchanges.
