XRP struggles while digitoads and dogecoin meme coins surge in popularity
The ongoing legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple has had an impact on the progress of XRP, leading some long-term supporters to shift their focus to other potentially profitable ventures. Despite their discontent, these investors maintain a sense of optimism.
One such project that is showing great potential is DigiToads. The platform has reached a milestone of $5.9 million in its presale and continues to gather interest due to its appeal to frog meme lovers and its real-world use case. DigiToads offers a functional metaverse and non-fungible tokens (NFTs) on OpenSea, providing the community with immersive interaction and passive income opportunities.
DigiToads aims to hook gamers to its play-to-earn (P2E) space, offering massive rewards. Its metaverse, the swamp arena, provides lifelike and unmatched gaming experiences. The project has a prize pool that collects money from various activities, such as transactions, and participants can access more TOAD assets as they win and have their names on the leaderboards.
Staking and the token burn feature make DigiToads a worthwhile investment as they promote scarcity in the project. Various taxes fund staking, while the token burn feature activates when enough tokens are circulated. In a way, staking is a passive income earner for those invested in the project.
Dogecoin, another meme coin project, has been marching higher with a 5% increase in the past three weeks. However, it recently hit a resistance point and experienced a small setback. Despite this, the bulls remain optimistic about its potential to reach $0.0750.
On the other hand, XRP’s performance has been subpar due to the ongoing Ripple-SEC lawsuit. Some investors have exited the market, leading to a notable price decrease. Nevertheless, crypto experts anticipate a potential improvement in the near future.
Overall, while the ongoing legal battle between Ripple and the SEC has impacted XRP, the meme coin market remains vibrant, with attention shifting to projects like Dogecoin and DigiToads. The launch of DigiToads is anticipated to benefit from the current market trends and show promise in its presale.