Ethereum

Read

Shiba Inu

Among the larger and more dominant downward trend, several pockets of growth have erupted within crypto. One specific area attracting capital and attention has been a sub-category of the meme coin genre. Investors are accumulating meme coins with utility. 
Shiba Inu (SHIB) and DigiToads (<a href="https://digitoads.me/crn99" target="_blank" rel="noopener noreferrer nofollow">TOADS</a>) are firm amid the Shibarium Beta bridge release, and anticipation for The Swamp grows.&nbsp; 
 You might also like: <a href="https://crypto.news/binance-unlocks-new-feature-digitoads-presents-opportunities-for-investors/" rel="noopener noreferrer nofollow"> Binance unlocks new feature, DigiToads presents opportunities for investors </a> 
The observable trend has been scrutinized by analysts who concluded that the reliance of the meme genre on hype caused heavy draw-downs throughout the bear market and that utility solves this issue.&nbsp; 
Integrating utility adds legitimate use cases for end users, which always drives price, and these tokens could easily be altcoins to examine this year.&nbsp; 
<h2 class="wp-block-heading" id="digitoads-is-the-new-king-of-the-meme-utility-hybrid">DigiToads is the new king of the meme-utility hybrid?</h2> 
<a href="https://digitoads.me/crn99" target="_blank" rel="noopener noreferrer nofollow">DigiToads&nbsp;</a>has established itself as a front-runner among emerging crypto projects and has already raised over $6.7 million.&nbsp; 
The native ecosystem, The Swamp, has motivated these vast capital inflows, and presale participants are betting on a repricing event when the ecosystem’s cash flows materialize.&nbsp; 
The Swamp opens a world of earning for investors, and its features combine to create a larger flywheel effect. It includes one novel mechanism, non-fungible token (NFT Staking), which has rapidly turned the&nbsp;<a href="http://mint.digitoads.world/" target="_blank" rel="noopener noreferrer nofollow">DigiToads Collectibles</a>&nbsp;into trending NFTs.&nbsp;&nbsp; 
Owners of the collection stake their NFT and receive payouts in TOADS. This passive income source redirects more of the TOADS supply towards long-term supporters aligned with the protocol’s mission to become an established web3 currency across the decentralized finance (defi) scene.&nbsp; 
The Toad Tax also assures the sustainability of these payments by directing 2% of all transactions in The Swamp to the payout pool. On top of this, the taxation system ensures a deflationary tokenomics model by burning 2% of transactions.&nbsp; 
 You might also like: <a href="https://crypto.news/binances-stablecoin-fdusd-and-digitoads-attracting-investors/" rel="noopener noreferrer nofollow"> Binance’s stablecoin FDUSD and DigiToads attracting investors </a> 
Toad Cade, the play-to-earn (P2E) game, can offer another earning opportunity. Meanwhile, the Platinum Toads initiative ensures the DigiToads’ coffers continue to grow by distributing treasury control to the most skilled on-chain agents.&nbsp; 
Community members also receive seasonal airdrops, and The Swamp features much more. By aiming to offer multiple revenue streams to investors in the form of a deflationary token means TOADS is a token investors can explore. Analysts are bullish and predict more gains after the token launches on Aug. 21.&nbsp; 
<h2 class="wp-block-heading" id="shiba-inu-shibarium-beta-bridge-is-live">Shiba Inu Shibarium beta bridge is live</h2> 
Shiba Inu developers pushed the Shibarium Beta bridge in the final week of July for users to move SHIB ERC-20 tokens between Shibarium and Ethereum.&nbsp; 
BONE, LEASH, and SHIB are firm as a result. Users can now participate actively within the ecosystem at a far lower cost. Ethereum gas fees have historically hindered meme coins.&nbsp; 
 You might also like: <a href="https://crypto.news/shib-price-climbs-20-as-shibarium-launch-nears/" rel="noopener noreferrer nofollow"> SHIB price climbs 20% as Shibarium launch nears </a> 
BONE is the gas token for Shibarium, and it will be accumulated in smart contracts and periodically swapped for SHIB, which will be burnt.&nbsp; 
This added deflationary pressure bodes well for SHIB holders, and the overall utility upgrade led analysts to forecast an impressive potential range high of $0.00002085 in 2024.&nbsp; 
<h2 class="wp-block-heading" id="closing-thoughts">Closing thoughts</h2> 
The bear market has changed the way investors perceive value. This emerging meme/ utility hybrid trend provides a best-of-both-worlds solution. 
Tokens still have upside potential, and the utility gives the projects stable support, ensuring they retain the gains they make.&nbsp; 
DigiToads is currently in its presale, available for $0.05 but set to increase to $0.055 on launch. Investors maintain a bullish outlook on TOADS, expecting gains in the coming weeks.&nbsp; 
<a href="https://digitoads.me/crn99" target="_blank" rel="noopener noreferrer nofollow">Visit DigiToads presale</a> 
<a href="http://mint.digitoads.world" target="_blank" rel="noopener noreferrer nofollow">Mint DigiToads NFTs here</a> 
<a href="https://opensea.io/collection/toad-friends" target="_blank" rel="noopener noreferrer nofollow">Buy DigiToads NFTs on OpenSea</a> 
<a href="https://twitter.com/digitoadsworld" target="_blank" rel="noopener noreferrer nofollow">Join the community&nbsp;</a> 
 Read more: <a href="https://crypto.news/curve-finance-ceo-sued-crypto-whales-participate-in-digitoads-presale/" rel="noopener noreferrer nofollow"> Curve Finance CEO sued, crypto whales participate in DigiToads presale </a> 
 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Shiba Inu and DigiToads surge amid Shibarium beta bridge release

Table of Contents

crypto.news

Other articles published on Aug 9, 2023

Korean Financial Authority Grants This Year’s First VASP Approval to Infinite Block

PayPal Unveils Revolutionary Stablecoin Amidst Crypto Market Challenges, Major Challenge to USDT ...

Coinbase Has Cited the Ripple Verdict 13 Times in Its Motion to Dismiss SEC Lawsuit

US Fed issues new crypto program for local banks

Binance gets fully licensed in El Salvador

$287,000 reportedly stolen in hack targeting Aave’s Earning Farm

Join our free newsletter for daily crypto updates!