In recent years, there has been a huge rise in the popularity and growth of meme coins. These coins, inspired by internet memes, are now an important part of cryptocurrency due to their perceived potential for growth.
One such example is PEPE, which was popular after launch. However, the PEPE excitement has died down, and a new meme coin project, DigiToads, is taking over.
In the ongoing presale, DigiToads has raised over $6.2 million.
DigiToads raises over $6.2 million in pre-sale
DigiToads It has gained popularity due to its unique features that set it apart from other meme coins. An important factor is a mixture of humor and practicality.
DigiToads is a unique and light-hearted meme project that draws inspiration from frogs rather than the more common frog themes. The project has a dedicated community that has contributed over $6.2 million in pre-sale financing.
As a meme currency project, TOADS token, the original DigiToads, could go up by the end of the year. For this potential, investors are watching TOADS closely.
Moreover, DigiToads has useful features that include play-to-earn (P2E) and win-betting capabilities. There is also a metaverse called “The Swamp” and a P2E game.
Players have fun and can earn rewards. In addition, they can compete in the swamp arena, engaging in battles with other players.
The project also plans to host the TOADS Non-Fungible Tokens (NFT) pool as a monetization platform with 3,500 unique non-fungible tokens.
By placing NFTs on the platform, users can earn rewards from staking pools, which can provide a source of income and revenue.
The presale for DigiToads is ongoing and is in Phase 9, with a scheduled end date of August 15th.
At the current stage, TOADS is available for $0.047, and investors can participate.
At the same time, TOADS can be purchased using major cryptocurrencies as accepted payment methods.
Pepe refuses as the initial noise dies down
PEPE soared shortly after its launch, mainly due to its association with well-known meme currencies such as Dogecoin and Shiba Inu.
Inspired by the “Pepe the Frog” internet meme, the coin’s playful appeal resonated with many, contributing to its initial rapid growth.
However, like many meme coins, PEPE’s price and hype subsequently collapsed.
It became apparent that the currency had no real-world uses to back up its value, and its price was primarily based on its popularity rather than any practical purpose.
This caused the excitement around PEPE to slowly fade, causing its value to plummet. Later, investors turned their attention to meme coin projects that had actual real-world applications, which in turn quickly tracked PEPE’s decline.
Final thoughts
The meme coins sector is still undergoing changes and developments, as noted by the declining popularity of PEPE and the growing success of DigiToads, which has had a significant impact on the crypto scene.
DigiToads combination of playful appeal and utility features played a role in its success and enabled it to grow further after its launch.
Project preview is in progress, and interested participants can find more information.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users should do their own research before taking any actions regarding the Company.