The dynamic landscape of cryptocurrencies demands continuous innovation and fulfillment of promises. For a project to thrive in this fiercely competitive space, it must constantly evolve and deliver on its commitments.
While Chainlink (LINK) has recently struggled to deliver significant updates despite their anticipated hackathon, newcomer DigiToads (TOADS) has consistently shown proactive progression. The latter has recently gained notable traction through listings on BitMart, acquiring audit and KYC verification, and launching its staking platform. Moreover, the upcoming release of their unique toad-themed NFT collection continues to fuel their momentum.
So, in light of these updates, what narratives can we decipher about these two DeFi projects?
Chainlink (LINK) overview
Chainlink is a decentralized oracle network renowned for providing real-world data to smart contracts on the blockchain. This functionality enables smart contracts to interact with off-chain systems, including other blockchains and traditional data sources, facilitating a seamless bridge between the physical world and blockchain ecosystems.
LINK is the native cryptocurrency of this network and is used for rewarding node operators that provide accurate data.
Since its inception, Chainlink (LINK) has played an integral role in the cryptocurrency industry, attracting significant attention from developers and investors alike. It reached an all-time high of $52 per LINK in 2021. However, recent years have been less kind to the altcoin. The token’s price has struggled to climb back to its former glory, remaining below the $10 mark for a prolonged period.
As of now, LINK’s price hovers around $6. This stagnation has raised questions about Chainlink’s capacity to sustain its momentum and deliver consistent growth to its investors.
DigiToads (TOADS) surpassing major cryptos
DigiToads is emerging as the popular crypto to buy with a compelling portfolio of features and utilities. At the heart of its ecosystem is a play-to-earn gaming platform. In this unique interactive environment, users train their toad pets for battles with a generous reward system that shares 50% of prize funds among the top 25% of leaderboard contestants.
Alongside this engaging gaming experience, DigiToads (TOADS) has already launched its staking platform, offering an additional stream of passive income for users who stake their unique TOADS NFTs. These cool NFTs, which the team has announced will soon form a collection of 3500 unique pieces, can also be bought and traded on DigiToads proprietary NFT marketplace.
Adding an extra layer of utility and excitement, DigiToads hosts on-chain trading tournaments. These contests award winners with Platinum Toads, which provide privileged access to a share of the treasury for live trades, further enhancing potential profits.
Recognizing the importance of knowledge in the rapidly evolving crypto world, DigiToads also runs a ‘Toad School’. Here, both beginner and experienced traders can hone their trading skills and stay abreast of market trends.
In a unique twist, DigiToads (TOADS) doesn’t just exist in the digital world. The project contributes 2.5% of all its profits to charities that work on replanting the Amazon rainforest, safeguarding the habitat of real-world toads.
Moreover, DigiToads has executed an innovative and dynamic presale model. By gradually raising the price at each stage, this approach gives early investors a robust mechanism to multiply their initial investments.
In cryptocurrency investments, attributes such as utility, tokenomics, transparency, and active community engagement reign supreme. DigiToads triumphs in these regards, frequently delivering thrilling updates and novel features. The enthusiasm within the community is reflected in DigiToads (TOADS) exceptional presale performance, with a striking $4.2 million raised in mere months.
With three more presale phases left, the recognition and hype around the DeFi coin increases, which only means one thing: DigiToads is the best crypto to invest in 2023.