Crypto Performance depends on US Economy Health, DigiToads the Next Big Thing in NFTs - Here's Why

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Crypto investors have been frustrated as traditional equities roar back toward all-time highs while crypto fails to break out of its narrow trading band. 

Veterans will remember the exact same pattern occurring in 2019. And cryptos went on to make outrageous gains dwarfing any returns in the stock market only six months later.

At this moment, crypto performance depends on the US economy's health, and bearish analysts state that when the S&P 500 starts retracing, it will smother crypto. 

But in the same fashion that AI and tech stocks have driven the current rally, crypto has its aces that continue soaring regardless of market conditions.

This article outlines a blockchain ICO rapidly drawing attention that investors should be watching: DigiToads (TOADS), the next big thing in NFTs. Here’s why.

DigiToads has opted for a different approach to most new DeFi projects, and instead of introducing staking for the native token $TOADS, it has introduced NFT Staking. 

Holders of the DigiToads NFT Collection receive rewards from a payout pool that accrues 2% of all ecosystem transactions.

These digital collectibles have become trending NFTs amongst enthusiasts. Their provision of passive income means these toad-themed twists on famous figures are some of the best NFTs to invest in currently on the market. 

Cash flows mean optimistic valuations, and analysts expect the floor price to rocket when staking payouts begin on August 21.

Normal staking for ERC20 coins leads to high inflation levels and mercenary capital farming and dumping the token. Under the DigiToads NFT staking model, staking rewards go to users aligned with the protocol. 

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