The meme coin market is on the rise in recent months and the number of presales that have hit the market is a testament to this, attracting seasoned and new investors. The escalation of these presales and subsequent investment may suggest a new era in the market, one that is focused on new forms of investing and could push the newer coins to have utility, which will make it highly desirable. One presale worthy of mentioning is Digitoads. With its excellent performance recently, there is one question that its audience is eager to answer: will Digitoads spike in 2023?
Despite being in its presale phase, new meme coin DogeMiyagi (MIYAGI), has experienced some significant growth since it first appeared and investors are beginning to show great confidence in the coin. On the other hand, the Pepe coin, the coin that became an overnight sensation, has faced some stagnant waters recently and is struggling to keep its appearance. Could this be the road to its end?
Digitoads Leaps To $5M
Digitoads has been seeing some excellent performance in its presale. With an ecosystem that aims to enhance user engagement and maximize returns, it is no surprise that its investors are eager to get their hands on its tokens. In addition to offering excellent and lucrative investment opportunities, the platform provides web3 P2E games where token holders can own, grow and participate with digital toads.
The Digitoads presale has been gaining a lot of momentum and plans to launch immediately after its 10th stage, which is just on the horizon. This momentum was seen when the presale reached its 9th stage, where it exploded to over $5 million by selling nearly 360 million TOAD tokens. This confirmed the demand for the token and signals a very positive future.
Pepecoin Stagnates
Pepecoin made a strong entry into the market and found its success virtually overnight, raising over a billion dollars in a matter of weeks. This was a record achievement for the token as no other crypto was ever able to do this and following this, it continued its momentum for many weeks. However, it seems to be struggling to keep up with its previous performance.
Starting strong at over a billion dollars, the coin has shed a significant amount of market cap, bringing it down to around $700 million. Although it has been performing well in recent days, it continues to struggle to maintain the momentum it experienced in its early stages. Whilst this might not be the beginning of the end for the coin, the many new meme coins that are entering the market pose strong competition for the token and if it continues to struggle in maintaining its performance, it is speculated that it could be overrun.
DogeMiyagi Highlights Bright Future
DogeMiyagi has had a phenomenal impact on the market thus far and this is not only due to its features and potential. This impact is primarily due to its concept which is crafted after the iconic karate kid movies. This has enabled it to create a much deeper connection with its audience, and as such, has led to a better chance of success and growth for the token. This also suggests that it is capable of providing sustainable returns through its token demand.
Furthermore, one thing that shows its potential for returns is its referral system which promises a 10% commission to its users after their referral signs up. This allows users to constantly have a supply of tokens on top of what they have purchased themselves. Moreover, it plans to eventually evolve into a DAO and have its NFTs provide greater incentives and promise a sustainable future with high returns to the user.
Memeful Future Success
Meme coins are slowly becoming a favorite investment option and as the internet, web3, and the market grow, meme presales will continue to emerge. Based on the performance of coins like Digitoad, and DogeMiyagi and the initial reaction to Pepe, it is safe to say that investors will continue to love meme coins, which creates excellent optimism for their future.
For More On DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi