The yearly bear market that rocks the crypto world has contributed to the decline in the value of numerous high-ranking cryptocurrencies. Polygon and Hedera are victims of the 2023 bear market, as crypto analysis shows that they have been plagued by reduced profit turnout, low ma...
The yearly bear market that rocks the crypto world has contributed to the decline in the value of numerous high-ranking cryptocurrencies. Polygon and Hedera are victims of the 2023 bear market, as crypto analysis shows that they have been plagued by reduced profit turnout, low mass adoption, and poor user satisfaction. This has caused the tokens to experience a dip in market value and, ultimately, a drop in rank on the list of the top 50 cryptocurrencies.
While Polygon and Hedera battle their drawbacks and find it hard to maintain their spots at the top, the spotlight has shifted to a new credible crypto, DigiToads.
Let’s look at what makes DigiToads top the list of the most profitable cryptos while Polygon and Hedera leave the list of the top 50 cryptos.
DigiToads (TOADS) is Soaring to the Top of the Crypto Ladder as a Profitable Cryptocurrency
The TOADS token of the Digitoads project is a deflationary meme coin that is a new force in the crypto space.
DigiToads has been tagged as one of the best cryptos to buy now, considering its industry-leading features, which include play-to-earn (P2E) gaming, token staking, an NFT collection, and charity donations. DigiToads also houses its native decentralized autonomous organization (DAO), treasury, and metaverse called “The Swamp.”
TOADS tokens are ERC-20 coins that are supported by the Ethereum blockchain. DigiToads is a community-focused cryptocurrency that intends to reward the community of TOADS holders continuously. Holders of the TOADS tokens will receive 10% of the funds raised from the DigiToads game prize pool as airdrops every month.
DigiToads’ successful ongoing presale has accrued over $1.8 million, an impressive indication of the token’s undoubted explosive growth. The presale has been split into ten stages to accommodate every intending investor. The TOADS token’s value increases with the progress of each presale stage, and investors who purchase the token early stand a chance of benefiting from more growth.
TOADS’ affordability, easy accessibility, and engaging initiative have made it widely recognized as a credible crypto and profitable investment in the market. DigiToads has a high potential of topping the list of profitable cryptos before the end of 2023, with the interest of its community and token holders as its sole focus.
Polygon (MATIC) Seeks to Refine Ethereum’s Weak Structure
Polygon was launched in 2017 as the first cryptocurrency platform for Ethereum (ETH) infrastructure development. It effectively redefines Ethereum to create a full-fledged multi-chain system similar to Polkadot. Polygon utilizes its tradeable native cryptocurrency, known as MATIC, to actualize its vision.
The MATIC tokens are ERC-20 coins used to pay for services on the Polygon network and as transaction fees on Polygon’s sidechains. They also serve as settlement currencies between users operating in the Polygon ecosystem. MATIC tokens are secured by a proof-of-stake (PoS) blockchain algorithm and the Plasma Framework.
Unfortunately for the token’s record of user satisfaction, Polygon experienced a lack of retail interest in 2023, causing a drastic decline in its value. This is an outcome of its frequent rebranding. Investors find it challenging to keep up with the project’s recurring rebrands and neglect it for a more stable and promising cryptocurrency like DigiToads.
Hedera (HBAR) is Intentional about Upholding Its Integrity
Dr. Leemon Baird and Mance Harmon founded Hedera to serve as a more efficient blockchain-based system for eliminating limitations facing older blockchain-based platforms, such as instability, scalability, and slow performance.
The HBAR cryptocurrency performs a dual role within the network, and it serves as fuel for powering Hedera’s services, such as file storage, smart contracts, and regular transactions.
One notable flaw of the Hedera platform is its random network shutdowns arising from technical irregularities. The HBAR cryptocurrency has also repeatedly faced scalability and centralization issues. These setbacks have led to a significant drop in its token price and prevented it from attaining its goal of widespread adoption.
Final Thoughts
Polygon and Hedera have been caught in the 2023 bear market, with their market values fluctuating daily. As a result, these leading cryptocurrencies might need help to remain on the list of the top 50 cryptocurrencies. On the other hand, TOADS is taking the crypto space by storm, as its successful presale has garnered thousands of fans. DigiToads’ amazing features have propelled it to become a fan favorite and thrive among the best cryptos to buy now.