What Does Meme Coin Season Mean For Emerging Cryptos Like TOADS, PEPE, WOJAK, And SPONGE?

Developments in the cryptocurrency space have created room for likable meme coins that continue to capture the attention of many investors looking for meaningful assets. DigiToads (TOADS), an ERC-20 token by DigiToads, is currently conducting a presale that has so far raised over $3.5 million.

Beyond their unique appeal as popular memes, TOADS serves various utilities such as NFT staking and commitments to environmental sustainability that invite more investment.

DigiToads: The New King?

TOADS pre-sale is a testament that meme-coins, too, can be in season, outdoing some older contenders by miles in attracting investors. The rapid pre-sale that has topped over $3.5 million in the last few days signifies the potential of a cross-utility coin that combines the popularity of an amphibious moniker with a real-world utility such as NFT staking and P2E gaming support. 

Catchy names go a long way in selling a coin, but it takes genuine utility to hold on to investors to make a project viable for a long time. The deflationary feature is a standout, which promises a limited supply for as long as the coin exists. Scarcity is the hallmark of economics, pushing up demand by lowering the supply.

Naturally, when holding on to an asset, an urge to sell often arises when the market becomes ripe. TOADS promises some form of reward whenever one coin exchanges hands, meaning that a sale prompts an addition of more TOADS. Every owner will have direct access to staking pools, including NFTs, through transactions made. 

A 2.5% TOADS tax from individual transactions will go towards these pools that work to invite more people to the community, further strengthening the appeal of TOADS in the crypto spaces.

TOADS runs on a simple framework that combines the appeals of its deflationary nature with the treasury that is currently putting up a pre-sale. The treasury guarantees a sound financial ecosystem within DigiToads, which also works as a support to upcoming projects within the community. Currently, $150,000 in total giveaways is running, which is complementary to the 33% discount that will end soon after the pre-sale.

The utility dimension of TOADS is the reason the coin has already raised over $3.4 million from the community. Ultimately, the pace at which people are adopting the meme coin seems to be increasing, which is a major milestone that will activate the next step, which is to go live. Beyond its focus on utility, the ability of crypto investors to access the coin using other crypto assets is a reason TOADS is rising quickly in the meme-coin market.

Crypto has one of the most open projects that puts transparency as the major principle driving it forward. In addition, its staking model, NFTS, and ambitions to help prevent a climate catastrophe make it a favorite among ESG investors. A portion of DigiToads revenue will also go towards a charity that will go towards protecting the environment.

Join DigiToads Presale

The Memecoin Season

PEPE, WOJAK and SPONGE are competitors in the meme-coin space and are a rival to Shiba Inu and Dogecoin. Their growth is a sure disruptor to traditional heavyweights also in the space.

PEPE stands on a simple model which focuses on eliminating upsells and making owning a Token simple. The coin boasts fewer taxes and a massive pool that holds about 93% of all tokens distributed to investors. The 6% remaining is a future-centered fund that stays in a multi-sig wallet. PEPE's wallet will help fund new liquidity pools, listings, and new bridges.

The meme-coins season has Wojak to thank because it has made significant strides in 2023 that rival the likes of Shiba, which have a massive community and celebrity endorsements. 

SPONGE is a token that peaked in recent weeks, pushing it up by 200% and recording a total trading volume of up to $127M. SPONGE is a significant player in the crypto space that demonstrates upcoming meme-coins have massive potential owing to its massive single-day jump to highs reaching over 200%. Growing community support will only strengthen the position of such coins going forward. 

Put together, SPONGE, WOJAK, PEPE, and TOADS are a testament to innovation that combines the traditional meme-coins with the more modern utility coins that have a soul capable of powering games, NFTs, and other real-world assets. 

Growing Communities 

TOADS boasts of a community totaling tens of thousands, and its Twitter space is one of the notable places to find new information about the coin. 

The significance of Twitter has also pushed SPONGE to rival other meme coins that have tens of thousands of followers on the same platform. The appeal of these meme-coins in social spaces is also something to behold, which also cements their potential as a must-have in crypto portfolios. 

Websites are other avenues for information beyond social media, and investors wishing to have a piece of TOADS can head to the presale page.

Conclusion

Amid the growing frenzy on meme coins, most of which lack utility, DigiToads claims to stand out not only for the utility it provides, allowing token and NFT holders to earn passive income, but for its unique features in gaming, DeFi, and NFTs. The platform also supports charities that help preserve the environment, mitigating the effects of climate change.

For more information on DigiToads visit the website, join the presale or join the community for regular updates.

This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.