Big changes hit the crypto world, especially for ADA holders. The value of ADA went down a lot, meaning people who own it are making less money. Cardano used to be popular, but now it’s one of the worst top 10 cryptos.
On the other hand, DigiToads is doing well. It had a successful presale, showing that meme coins with real uses can work.
What’s happening in the Crypto World?
Here are the two most highlighted events that are going to shape the crypto market.
DigiToads Lets You Make Money by Playing Games and Holding Tokens.
DigiToads started small, but now it’s getting big. A while ago, they sold some tokens in a presale, and now they’re fully launched. DigiToads lets you own your own NFTs and also earn more tokens by holding them. People who got in early got a lot of tokens, and they’re still giving away tokens and letting people earn more by holding them.
DigiToads has a fun online world with frog characters for gaming. If you’re good at the games, you can get even more tokens. You can also earn tokens just by holding onto them, which is called staking.
Participation in DigiToads is open to all. The minting of TOAD NFTs can be experienced on the platform’s website starting August 21st at 11 am UTC. Holding these NFT assets unlocks enhanced staking pool rewards. Notably, DigiToads has partnered with OpenSea, facilitating seamless buying and selling beyond its ecosystem.
DigiToads revolves around its community, placing power in the hands of its participants through a decentralized autonomous organization (DAO) and staked asset volumes. Multiple reward mechanisms are in place to strengthen investor stakes, with select NFTs offering amplified returns as they mature within the ecosystem. Participants maintain full control, with the freedom to withdraw assets at their discretion.
The transparent nature of DigiToads is further emphasized by its staking and liquidity pools. Aspiring frog-preneurs can swiftly dive into the community via these pools, with the freedom to exit as they deem fit. Additionally, the platform openly discloses the taxation rates on diverse project transactions, ensuring the funding of essential endeavors.
Cardano Loses Value as Crypto Market Moves
After the recent shake-up in the crypto market, Cardano is facing a tough time. Its value has dropped a lot, and ADA became one of the biggest affected currency among the top 10 cryptocurrencies.
This fall has hit people who own Cardano, with data showing that almost 90% of them have lost money. This calculation looks at how much profit people would have if they sold Cardano when its price was higher before it went down. If they sold at the wrong time, they might be facing losses now.
In simpler words:
- DigiToads is doing well.
- Cardano is losing value because of recent problems in the crypto market.
- ADA holders are losing money, and about 90% of them are facing losses.
- They’re looking at when people bought and sold ADA. If they bought when it was worth more and now it’s worth less, they’re losing value and money.
What’s Next?
The crypto world has been bumpy, causing losses for many cryptocurrencies, including ADA. ADA’s value is now lower than before when the market changed. On the other side, DigiToads is doing really well. It’s growing and has different ways to make money, which is a good sign for its future.
