The crypto industry is one of the most competitive markets in the digital investment sphere. Lately, while multiple coins have been experiencing depletion of market cap and consolidation in price, others keep crushing the numbers.
While existing cryptos like Litecoin (LTC) and Axie Infinity (AXS) are trying to get back on track in hopes of crossing their all-time highs, DigiToads (TOADS), a top altcoin, keeps recording massive adoption and interaction by investors and traders.
This article delves into the reasons for the recent price performances of Litecoin (LTC), Axie Infinity (AXS), and DigiToads (TOADS).
With DigiToads (TOADS), Value is Guaranteed.
DigiToads (TOADS) has earned a reputation as the best cryptocurrency to invest in, and for a good reason. The project houses an interesting gaming setup that allows players to battle and collect distinct DigiToads. Players can also earn by ranking among the top 25% of players by the end of each gaming session.
DigiToads (TOADS) users are allowed to earn through NFT staking. Users can earn more rewards by staking NFTs in pools, making it a win-win for players and investors who want to earn while interacting with the platform.
Regarding price growth, investors are hopping on the train because DigiToads (TOADS) is bound to slam through $0.012 by the end of the first stage of the presale. According to the presale plan, the price of 1 TOADS will be $0.055 when it launches, thereby favoring early buyers.
DigiToads (TOADS) recently started its token ICO, and it has pulled in over $520,000 in the first stage of the presale alone, evidence that buying pressure for the token keeps increasing daily. The presale is predicted to see over 450% growth by the time it ends, which is good news for early investors.
Why Is Litecoin’s (LTC) Price Consolidating?
Litecoin (LTC) is a lite version of Bitcoin created in response to reactions against Bitcoin’s move to become centralized. The price changes of Litecoin and Bitcoin are connected, and the price of Litecoin (LTC) would decrease if the price of Bitcoin (BTC) decreased, and the opposite is also true.
Since last year, Litecoin’s (LTC) price has been falling. In addition to 2022 being a terrible time for cryptocurrency, Litecoin’s struggle can also be related to its need for unique selling value. Litecoin (LTC) has no unique qualities that would draw investors despite its solid foundation. Given how quickly the cryptocurrency market is evolving and how innovative it is, this has incredibly harmed Litecoin (LTC).
Axie Infinity (AXS) faces setbacks in the GameFi industry.
Axie Infinity (AXS) is similar to DigiToads (TOADS) because it is also a GameFi token. Unfortunately, AXS is enjoying a different success than TOADS. Axie Infinity (AXS) is a blockchain video game that allows players to collect creatures known as Axies.
Axie Infinity (AXS) became a top altcoin, hitting an all-time high of $165. However, the price of Axie Infinity (AXS) has decreased because investors are drawn to the Axie Infinity (AXS) platform primarily because it enables gamers to make money while playing games, unlike DigiToads (TOADS), which has multiple use cases.
This record has shown the growth potential for DigiToads (TOADS), making it the best cryptocurrency to invest in for 2023. Many analysts have found the well-structured tokenomics as a sign of inevitable growth, and they predict that the token will keep seeing higher prices with more adoption.