Is Shiba Inu (SHIB) or Dogecoin (DOGE) the Next Big Thing in Crypto? – CryptoMode
DigiToads (TOADS), a new meme coin built on the Ethereum blockchain, is proposing a game-changing plan around play-to-earn gaming and NFT staking. The platform is offering a Web 3 game where members can purchase and nurture their DigiToads, which will increase in size and strength with the help of TOADS tokens. DigiToads will reward 25% of players on the leaderboard with TOADS tokens and 50% of funds generated from the sale of items will go towards the rewards scheme. Additionally, the platform is establishing a trading competition to enhance trading volume, with winners getting a share of the trading profits they make for the treasury. The platform also has an NFT staking platform where 2% of all TOADS transactions are added to the pool, and the longer holders stake their NFTs, the more rewards they can earn. There is a presale currently ongoing for the token, with early investors able to expect 450% returns upon the token’s listing on a major exchange. The platform claims to be the future of the meme coin sector owing to its practical uses around P2E gaming and NFT staking.
In contrast, the article argues that Dogecoin (DOGE) and Shiba Inu (SHIB), two popular meme coins, lack practicality and utility. DOGE’s price rise is driven mostly by hype generated through social media platforms like Twitter, with billionaire entrepreneur Elon Musk being a key driver. While SHIB is up more than 30% this year, it has no compelling investment case nor a competitive edge amidst over 23,000 other cryptocurrencies.
The article concludes by saying that DigiToads has proven usefulness and use cases, making it stand out from other meme coins. As such, the platform is positioning itself to be the coin of 2023, and investors are advised to conduct their research before making any financial commitments.
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