Cardano is still yet to meaningfully challenge Ethereum as the enterprise blockchain king. Nonetheless, it has gained some foothold recently in a turbulent market. Investors are looking at alternatives like DigiToads to provide more upside even as they tread carefully with the more established coins.
The launch of Cardano was a significant moment in the enterprise blockchain era. This project boasted some Ethereum alumni, most notably Charles Hoskinson. Cardano sought to have a robust and scalable solution for investors and be more scalable than the Ethereum Blockchain.
Such utility is a distinction in the blockchain space. DigiToads is a utility memecoin aiming to create a value-added gaming blockchain platform. The project is finalizing a successful presale on August 15th, 2023, and has raised over $6.5 million. Notably, the presale is in its tenth and final stage, with tokens retailing at $0.050 as investors prepare for launch on 21st August 2023.
Cardano blockchain usage surges
ADA prices are a work in progress. However, the usage of the Cardano blockchain itself is inspiring Cardano enthusiasts. Cardano has begun to outperform the Ethereum blockchain regarding the total value of tokens locked in its Decentralized Finance (DeFi) ecosystem.
This report shows that developers are utilizing the Cardano blockchain for creating decentralized applications more. Ethereum has had significant scalability challenges, which has made the blockchain more expensive than its competitors.
This news is significant because ETH denotes enterprise blockchain activity online, like the USD dominates global trade. Even though ADA is still at $0.30 – 0.031, a surge in Cardano usage is still a significant development. Ethereum has to innovate out of its scalability issues or will find itself boxed out of its niche.
DigiToads also thrives on utility
Like Cardano, DigiToads is emerging as a serious challenger to an incumbent. The utility meme coin is seeking to become a difference-maker in this sector. DigiToads is launching a play-to-earn gaming ecosystem on August 21st, 2023.
This addition can transform memecoins forever. Unsurprisingly, investors have jumped on the ship pushing the presale to continued success. The launch price of $0.055 represents a 400% gain for the earliest token holders.
DigiToads has managed to build this excitement by providing a template for growth. Users participate in a game with a chance to create value. The goal is to nurture digital toads and earn TOADs tokens rewards in the process.
This model is different from typical memecoins with neither a roadmap nor utility. DigiToads has shown investors that it will be more than just a purely speculative token with cyclic relevance. Instead, the platform creates a core community that will be the most valuable component of the platform.
Players can look forward to a robust game with the advantage of earning rewards while having fun. There is also the option of minting NFTs to create more value on the platform. In a rarity, DigiToads allows NFT holders to stake them and earn yield as a percentage of TOADS tokens transaction fees. Minting NFTs is now possible at https://mint.digitoads.world/.
Conclusion
DigiToads and Cardano are pretty similar in their effect. The two platforms improve on what the pioneers started. Cardano is slowly but surely exerting its presence among smart contract blockchains for its efficiency. Similarly, DigiToads’ utility provides an edge among memecoins.
Investors are anticipating the launch on 21st August 2023. This launch will open up many opportunities, from staking NFTs, holding TOADS tokens, and simply having fun with the gaming activity. It will be fascinating to watch how far this project has risen.
