New Meme Coin Looks To Compete With DOGE, SHIB & PEPE After Raising Over $2.2M

If you are new to meme coins, it may be quite difficult to risk your hard-earned cash on fading trends – meme coins are notoriously known for having a price fluctuate purely depending on how much people talk about them on social media. 

DigiToads,  a new meme coin entrant is not all about social media. In fact, it has a robust proposition and it has already raised over $2.2m, indicating it is not just a fad. Read on to find out why this could be a credible crypto. 

DigiToads Aims for the Sky 

DigiToads is one of the newest meme coins on the market and has already garnered over $2.2m during its presale stages. Unlike DOGE, SHIB, or PEPE, DigiToads stands out from the crowd due to its unique blend of community support, entertainment, and real-world value through its gaming ecosystem and a popular NFT marketplace. 

DigiToads has tangible value for its holders for several reasons. First, the ecosystem is designed as a play-to-earn platform where players collect, raise, and battle unique DigiToads characters, represented by NFTs. 

Additionally, users can also stake trending NFTs (other than their characters) and generate passive income. TOADS is an ERC-20 token (Ethereum chain), which means that users will also be able to trade their NFTs on the most active marketplace. 

The key to success for any meme coin is a supportive community. DigiToads has already rounded up more than 14,000 followers on its Twitter profile and reaches out to a large audience via other channels and platforms as well. 

Finally, DigiToads is more than a fad thanks to its involvement in protecting the environment. A portion of the profits will be directed towards charities dedicated to saving the Amazonian rainforest, which is not only home to toads and frogs, but many other species on the brink of disappearance due to massive deforestation.   

Join DigiToads Presale Now

DOGE and SHIB Trade Lower 

DOGE is one of the most popular meme coins, mostly thanks to Elon Musk who has created hype around the project and boosted its price. However, Dogecoin lacks a clear use case; just like many other projects, it was created as a joke, so it’s no wonder that seasoned investors prefer more sustainable projects.

Shiba Inu has also been criticized for its lack of utility and fundamentals. The potential for long-term growth is tied to its community and social media popularity, so it’s no wonder investors are looking for other long-term opportunities. 

Not all meme coins fare as well DigiToads, which seems to gain a foothold in the market. SHIB hits its four-month low, while DOGE is down about 36% in the past six months. At the same time, TOADS has increased by 170%

Pepe Booms Thanks to Social Media Hype

Pepe is also an ERC-20 token that has recently joined the meme coin market. It pumped massively, over 40,000% as it has become more popular in social media, although cashing in may be exceptionally difficult as Pepe’s liquidity pool is very thin.  

Pepe coins lack functionality, so the price increase is purely speculative as the meme coin holds no value, just like other meme coins before that have faded away – such as Pump coin or Grimacecoin. 

Summary

Innovation is key in the crypto industry. DigiToads is a new meme coin that looks to brings real utility, while some meme coins are fading away due to investors’ loss of interest. 

The success of the presale recorded more than $2.2m raised so far and has multiple benefits and real value, which positions DigiToads as a strong competitor to DOGE, SHIB, or PEPE. 

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

Image sourced from Shutterstock

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.