Tether Hits New High, DigiToads Presale Breaks the $6.7M

On Aug 10, 2023

Investors tend to fear bear markets, but in reality, they make investing far easier. Anything without a sound business model rapidly falls to pieces when the hype dies away and the cheap liquidity drains from the system. And only robust, profitable entities remain.

Capital flocks to the winners, and the top altcoins enter a positive feedback loop of success breeding success. Clearly observable in the crypto space now, especially with Tether (USDT) and DigiToads (TOADS). Tether’s market cap recently hit a new high, and the DigiToads presale breaks the $6.7 million milestone.

The network effects surrounding these DeFi companies will continue to grow. Although investors cannot access the profits of Tether’s expansion, they can enter the TOADS presale, already dubbed as one of 2023’s best altcoins to invest in.

DigiToads (TOADS) Presale Enters Last Leg

DigiToads has entered the last leg of its presale stage, and the discount window the purchase $TOADS rapidly closes. Savvy investors who act fast can still buy the native token for just $0.05 before it launches at $0.055.

The incredible presale raise of $6.7 million proves that investors have voted with their dollars on the protocol’s trajectory, and this rich sub-ecosystem could rapidly turn DigiToads into a blue chip in the coming bull run. The protocol abstracts away the complexity of DeFi investment, creating a community-first flywheel ecosystem.

DigiToads’ end goal is to become a Web3 currency composable across DeFi, but the journey is just as important. The Swamp, the native ecosystem, provides one thing that has caused TOADS to overtake other new ICOs: cashflows.

It offers NFT Staking, a play-to-earn game, and airdrops as direct value transfers to token holders. With 2% of all ecosystem transactions routed to the NFT staking pool, analysts have bluntly stated that the DigiToads NFT Collection are some of the best NFTs to invest in.

Toad-Cade, the play-to-earn game, turns gaming skills into cold hard cash. However, The Swamp’s most effective wealth creation tools are indirect, allowing $TOADS holders to earn while sleeping.

The Toad Tax responsible for directing funds to the NFT Staking payout pool also funds a token burn campaign introducing protocol-level scarcity. On top of this, the proactive treasury management system ensures that the DigiToads’ coffers constantly expand, allowing for the development of new protocol features.

Analysts have forecast the potential for a 50X before the end of the year. They stated that TOADS brings the best opportunities of DeFi under a single deflationary token making it one of this cycle’s hidden gems.

Tether (USDT) Holds More US T-Bills Than UAE

Tether has become easily one of the most successful crypto-native companies, and its most recent attestation showed reserves totalling $3.3 billion, $72.5 billion worth of Treasury Bills, and a quarterly operational profit of over $1 billion.

It now holds more T-Bills than the UAE and has become the dominant stablecoin while its competitors, $USDC, $BUSD, and $TUSD, lose market share. But the interesting fact about Tether is how it has been allocating its reserves. It has been buying Bitcoin (BTC) in massive amounts.

Tether’s success is generally great for the crypto markets due to its sustained buy pressure for blue-chip assets. Despite no direct economic upside for investors in this stable asset, Tether has pushed adoption more than almost any other protocol.