Despite Curve Finance Hack, Bitcoin Stays Resilient and DigiToads presale continues its ascension

The post Despite Curve Finance Hack, Bitcoin Stays Resilient and DigiToads presale continues its ascension appeared first on Coinpedia Fintech News

Decentralized finance (DeFi) was recently dealt a blow after the hack of Curve Finance, a leading decentralized exchange (DEX). This has led to concerns among investors and users, with Curve (CRV) taking a hit and plummeting. However, amidst this turbulence, Bitcoin (BTC) and DigiToads (TOADS) have shown resilience, with the former maintaining its leading position and the latter continuing its ascension.

In this article, we will explore how Bitcoin and DigiToads have been able to weather the storm and defy market uncertainties caused by the hack of Curve Finance. Continue reading.

DigiToads (TOADS) continues its upward trajectory amid uncertainty

With the market dealing with the aftermath of the Curve Finance hack, DigiToads remains oblivious and defies market uncertainties as it continues its upward trajectory. Its persisting ascension and positive sentiment are due to its strong fundamentals, tokenomics, growth potential, and clear road map.

DigiToads is an intersection between lightheartedness, play-to-earn (P2E), and non-fungible tokens (NFTs). This perfect blend of memes and utility has driven continued interest in its presale. Its P2E game has caught the attention of gamers and will allow them to battle avatar-like creatures and earn rewards. Conversely, NFT collectors and enthusiasts can mint, hold, or stake the project’s digital collectibles.

Further, in terms of tokenomics, DigiToads has a low token supply capped at 585 million, contributing immensely to the frenzy around its presale. Its low supply gives it a significant edge over most memecoins and many altcoins, leading to its huge popularity within the crypto space. Additionally, the token features a deflationary mechanism, which will constantly reduce the total supply and push up the price.

Moreover, its growth potential has captured the imagination of investors and enthusiasts. With the project built on a vibrant community and strong foundation, it is poised for adoption and a strong rally. As a result, analysts are bullish, with a 100x increase prediction before the end of the year.

Lastly, its clear road map doesn’t leave much to the imagination, as it is clearly drawn out. The roadmap is divided into six stages and features exciting developments, including the listing on exchanges, NFT mint, launch of NFT staking, and launch of the in-house swap, to mention a few.

The TOADS presale is in its final lapse, with the launch scheduled for August 21. The current price per token is $0.05, which is a low entry point.

Curve (CRV) exploited and hacked, with millions of dollars carted away with

Curve Finance is a decentralized exchange (DEX) for stablecoins, launched in 2020. After soaring to become one of the leading DEXs, Curve Finance’s recent exploit and hack drastically reduced confidence in the exchange and DeFi.

The hack resulted in substantial losses for Curve Finance, raising questions about the security and vulnerabilities of DeFi protocols. Although Curve has stabilized, it remains mired in bearish zones, with investors cautious of their next moves.

Bitcoin (BTC) maintains resiliency amid market uncertainty

Despite the hack of Curve Finance, Bitcoin and the broader crypto market have demonstrated resilience. The Curve Finance hack has no doubt cast a shadow over DeFi and the overall crypto market, but Bitcoin has been able to weather the uncertainty.

Bitcoin’s resilience during trying times like this is no longer strange; it has done it countless times. As a result, Bitcoin remains a haven and a token used to hedge against uncertainties and instability. This also makes Bitcoin a preferred store of value in the crypto market.

Final Thoughts

Despite the Curve Finance hack, two tokens have shown resilience: Bitcoin and DigiToads. The former maintains its leading position and helps calm the crypto market’s uncertainty. On the other hand, DigiToads continues its ascension as it gathers momentum for its impending launch.

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