Litecoin is a peer-to-peer cryptocurrency that’s known for its lightning-fast speed while processing transactions. The cryptocurrency has enabled developers to scale up dApps and businesses seamlessly to process thousands of transactions in a second. However, over the past few weeks, its popularity has been waning as crypto users gravitate towards DigiToads (TOADS) – an Ethereum-based meme coin that leverages a hybrid DeFi model and enables its users to benefit with multiple options for earning residual incomes. It has been rated as one of the best altcoins for 2023 and is a dependable option for anyone looking to earn long-term gains.
DigiToads: Higher crypto gains with hybrid DeFi options
DigiToads is the latest ico to set the crypto market on fire. Backed by the efficiency of Ethereum, Digi Toads’ key USP is its economic framework that’s highly functional. The framework has been designed by amalgamating three crypto models – a meme coin, a stake-to-earn platform, and a Web 3.0 game.
The model enables users to access multiple options to earn passive income – right from staking to trading to earning crypto tokens in Web 3.0 games – on a single platform.
Its native token is TOADS and it’s medium of exchange on the network. You can buy the TOADS token on presale, which is currently in its eighth stage. Till now, the cryptocurrency ico has collected over $4.8 million in presale funding.
DigiToads is among the new altcoins that are powerhouses of features and are likely to keep you hooked. Take the example of its play-to-earn game where each season lasts for a month, so you get multiple chances to try your hand at the game. Also, rather than picking just one winner, the team announces the top 25% of the scorers of a season as winners. The winners are given TOADS tokens as a prize. To be one of the winners, players have to outperform the competitors they face in a Metaverse swamp while tackling challenges.
A key in-game asset that players can buy or trade is DigiToads – a breed of special digital creatures with unique powers and superior strength. These creatures help you gain an upper hand in the game. The only problem is that as each DigiToad’s power varies, a player has no idea how well-positioned the competing DigiToad is.
Another notable feature of DigiToads is its trading competitions which are organized every month. These competitions not only test the trading skills of participants but also help the platform attract high trade volumes regularly. To win these trading competitions, traders have to book the highest trade volume in a month. On winning, the trader gets to keep 10% of the profits they bring in for the platform.
The winners also get to assist the DigiToads team in managing the treasury. Initially, they train under the DigiToads team via remote access to the treasury. After becoming proficient at the task, the traders go on to assist the team in managing the treasury regularly.
Will Litecoin continue its bull rally?
When Litecoin was rolled out, it was designed as a “lighter version of Bitcoin”. Over the years, the open-source cryptocurrency has managed to evolve with new features and functionality to garner a global user base. It differs from Bitcoin in terms of factors like block transaction times, hard cap, and the hashing algorithm used. Litecoin has one of the lowest fees for processing transactions as it has a block time of 2.5 minutes. Its cost-effectiveness makes it suitable for micro-transactions and point-of-sale payments. Its native token LTC is used for various transactional uses on the network. Over the past few weeks, the LTC token has shown positive price action which has indicated wide accumulation. Given the patterns indicated by market data, analysts are largely bullish about Litecoi’s prospects over the next few months but it will take some time as the accumulation phase might extend for another month.
Conclusion
Both Litecoin and DigiToads are among the top cryptos to invest in for anyone who’s eyeing sustained returns, given how utility-centric their models are. However, if you are looking to diversify your portfolio and still earn higher returns, many analysts would suggest DigiToads to you. The TOADS token has been driving a wave of financial inclusion with its state-of-art model where users can choose from various opportunities to earn passive incomes. They can leverage these opportunities to build a steady source of passive earnings. Over the next few months, analysts feel that the TOADS token has the potential to jump by over 30x.
For more information on DigiToads visit the website, join the presale, or join the community for regular updates.
Read More: As Interest in Litecoin (LTC) Declines, DigiToads Popularity Surges