There are several undervalued cryptocurrencies that might have tremendous growth potential but a lot of crypto users have not heard about them. A cryptocurrency’s popularity on the internet isn’t the only metric of its potential and relying solely on it can be misleading. Take the example of DigiToads. The meme coin is a top altcoin that is in its presale stage. Despite being launched just a few months ago, the token has raised over $2.65 million in presale funding. Analysts predict that it’s only a matter of time before the Ethereum-based token’s returns cross the 10x mark. Like DigiToads, there are many other undervalued cryptocurrencies in the market that can bolster your portfolio. Here’s a list of the top five undervalued cryptocurrencies with 10X potential.
1. DigiToads: Changing the dynamics of the meme coin ecosystem
If taking the road less traveled ever paid off, DigiToads is the perfect example to cite. The meme coin is not just an ordinary meme-inspired token but operates as stake-to-earn and play-to-earn platform. Users get to trade the meme coin while swapping NFTs, participating in trading competitions, and winning giveaways. The platform’s native token TOADS is required to access all these opportunities and for all transactions. Based on the ERC-20 protocol, the token will have a supply of 585 million. Of this, 69.2% will be set aside by the team for the presale phases and for distributing bonuses to community members. Those interested can purchase the token on presale, which is currently in its fifth stage, ‘Lillypad 5’.
The platform’s interactive Web 3.0 game is one of the reasons why it is being called one of the best new icos of 2023. Once you sign up for the game, you are pitted against other players in a Metaverse swamp. Players have to duel with each other for an entire season, which lasts for a month. The players ending the season by bagging the top positions on the leaderboard are rewarded with TOADS coins. For their help, the team would be providing them with digital companions called DigiToads. With their superior strength and unique capabilities, DigiToads are your best shot at emerging victorious in the arena. To acquire them, players will have to buy or trade them. They can also treat their DigiToads with food, potions, or training equipment using the TOADS token as the means of payment.
A rather less-talked-about opportunity that users will be able to avail on the platform is the trading competitions. These trading competitions will be conducted every month and will test community members’ acumen for cryptocurrency trading. The trader who registers the highest level of trade volume will get to win the competition. As a reward, they will get a Platinum Toad which will grant them remote access to the platform’s treasury fund. The DigiToads team would be taking all Platinum Toad winners selected throughout the year and training them in managing the treasury. With these contests, traders would not only get to hone their skills but also have a say in how profits are being utilized.
As part of its plans, the team would be establishing a think tank called the ‘TOADS School’ where knowledge sessions on cryptocurrencies would be offered to community members. To attend these sessions, community members must have ownership of at least three TOADS NFTs. In addition, the team would be donating 2.5% of the annual profits to help organizations working for the preservation of rainforests. The organizations that would receive these donations would be chosen by the community.
2. The Unfettered: Revolutionizing decentralized gaming
Given the innovative approach with which the platform combines exciting gameplay and stellar graphics, it is no wonder that The Unfettered is being considered the next top altcoin to smash crypto records. The Unfettered has been designed as a role-playing Web 3.0 game where users can complete complex challenges and fight underground creatures for a chance to win crypto tokens. These rewards will be given in terms of the platform’s native token SOULS which is the primary cryptocurrency on the network. Developed by Trender Software, the game’s graphics owe their brilliance to Unreal Engine 4 through which the team ensures that players are treated to an immersive experience with a fair gaming ecosystem. Over time, the play-to-earn Metaverse game platform would be shifting to Unreal Engine 5.
The game is set in the mythical land of Ashtanna, where the protagonist Lura is out to avenge the deaths of her mother and ancestors. In her quest, she has to face dangers like monsters and demons. While participating in the game, players will be able to purchase in-game assets like armor, resources, and weapons which are represented as NFTs. In addition, SOULS token holders will be able to participate in decisions impacting game development. They will have the leeway to give suggestions and voice concerns on matters like gameplay and how the treasury funds are being utilized.
3. Genius Yield: Making decentralized finance accessible to all
Called one of the altcoins to watch out for this year, Genius Yield has been designed as a one-stop shop for crypto users interested in opportunities for yield optimization and algorithmic trading. The decentralized exchange is powered by the Cardano blockchain. Users can not just trade tokens but also earn rewards by locking their tokens with Genius Yield’s smart liquidity protocol. Its native token GENS is used for payments, minting NFTs, and distributing rewards, among other transactional uses. What’s more, is that the platform has several features that make it a good fit for those wanting to learn cryptocurrency trading for beginners. For instance, with its Smart Swaps feature, users can experience cutting-edge trading functionalities in limit orders. The reason is that Smart Swaps have been designed as buy and sell orders are automatically executed with the help of programmable logic. These sophisticated functionalities are mostly linked with algorithmic or dynamic orders.
In addition, Genius Yield’s concentrated liquidity allows liquidity providers to lock their assets within specific price ranges. It paves the way for higher capital gains for liquidity providers who can manually tweak their exposure to the market depending on their trading strategy. Hence, market makers get a chance to earn more with minimal losses and capital investment. Not to forget, it is an artificial intelligence-based liquidity management protocol that optimizes yields with automated trading strategies. The additional benefits that the protocol can usher in include reduced risk exposure and a higher annual percentage yield. Lastly, Genius Yield’s auto-compound feature plows back all profits generated by the smart liquidity vault automatically.
4. Hooked Protocol: Helping Web 2.0 users switch to Web 3.0
The Hooked Protocol is the best cryptocurrency to buy in the current market due to its capacity to drive industry-wide transformation. In other words, it won’t take long for you to be hooked on to the Hooked Protocol. The platform aims to create an on-ramp layer blockchain for boosting the adoption of Web 3.0 tools and applications. The platform has rolled out two tokens – HOOK and HGT. While the HGT token is the main utility token that is tied to incentives and rewards, among other transactional purposes. Meanwhile, the HOOK token is the governance token that will guarantee voting rights to token holders. With these voting rights, HOOK token holders will be able to vote for proposals moved by other community members.
The platform would develop a streamlined educational system that would combine experienced and curiosity-based learning tools. What would make these lessons even more interesting would be gamification. Leveraging gamified learning, the platform would be clarifying concepts like ‘quiz-to-earn’ with its dApp Wild Cash. Meanwhile, the Web 3.0 emulation experience will allow users to trade NFTs. To keep the learning fun and interesting, users will be able to access in-depth tutorials, and short videos created by Hooked Academy and community-based DAOs.
5. WorldClubs: Bringing player vs environment football to the blockchain
WorldClubs is a play-to-earn platform where users can participate in a football-themed Web 3.0 game to earn digital assets like cryptocurrencies and NFTs. With an array of Web 3.0 tools, WorldClubs helps its users earn Player NFTs by creating clubs on blockchain networks. Its native token is CLUBS and it is used for transactional purposes on the network. To get started on the platform, a player needs 100 CLUB tokens and a football club with five player NFTs. The players who end up winning the match will be rewarded with CLUB tokens. The players owning NFTs of a higher level of rarity will have leverage over their competitors in the game. These NFTs are based on an actual football player and the assets’ rarity depends on the player’s attributes like strength and endurance. Users can purchase these assets at WorldClubs’ NFT marketplace. Users should know that the CLUB tokens that win the game will be locked. They unlock their reward by either paying a fee of $40 CLUB tokens or converting the reward into ticket NFTs. They can go on to trade the ticket NFTs on the marketplace or stake them on the network.
Here’s why DigiToads must be a part of your portfolio
Wondering what cryptos to buy now? The above-mentioned five options are among the hottest cryptocurrencies in the market now. They might not make it to prime time news but their growth potential is something that many analysts have talked about. Market experts are keenly watching these tokens’ performance as they expect them to explode in the coming months.
However, if you are someone who likes to opt for longer innings, analysts would point you toward DigiToads. The meme coin has impressed both crypto users as well experts with its versatile model but its utility doesn’t end there. The plethora of opportunities that you get to explore on Digitoads can not only fetch you good returns in the present but also in the future. By choosing an option that complements your risk appetite and skills, you can build a steady source of passive income.
