Experts Unveil Their Strategy to Minimize Risks and Maximize Gains in Meme Coin Investments with Shiba Inu (SHIB), Dogecoin (DOGE) and DigiToads (TOADS) (2024)

Standard Chartered, a British multinational bank, has come out with a staggering price prediction for Bitcoin (BTC). They stated a fair price for the asset would be $120,000 by the end of 2024. A bullish frenzy has swept the market; predictably, smaller-cap ERC20 coins are ready to start tearing.

But before investors dive in, they should take note. Experts unveiled their strategy to minimize risks and maximize gains in memecoin investments, and this article explores the basic principles put forward applying them to Shiba Inu (SHIB), Dogecoin (DOGE), and DigiToads (TOADS).

DigiToads (TOADS) The Importance of Value Proposition

The best way to minimize risk and maximize gains is for investors to understand what they are buying. The next question should be how can the token accrue value. And why would somebody else want to buy it?

DigiToads provides a stellar example of a memecoin with an excellent value proposition. For this reason alone, it presents one of the best altcoins to invest in during this animal spirits market sentiment.

DigiToads is a flywheel ecosystem within the larger Ethereum ecosystem. The team has designed The Swamp (the DigiToads ecosystem) to provide value to holders at every step of the journey.

The NFT staking mechanic provides a novel use case for NFTs allowing their owners to earn passive income. The play-to-earn game gives users a chance to turn their gaming skills into real money. And the Platinum Toads initiative lets the best traders from the community control and grow the treasury.

The taxation system within The Swamp ensures timely payouts for stakers and deflates the total supply of $TOADS through a token burn.

Experts state investors need to find the value proposition. In the case of $TOADS, the value proposition is a deflationary token that unlocks low-touch and broad DeFi exposure through the Platinum Toads initiative. How do $TOADS holders accrue value? Through ecosystem activity, airdrops, and deflation. And experts’ final question, why would somebody else want to buy it? Because of the lucrative passive income sources it unlocks.

$TOADS passes experts’ tests for minimizing risk and maximizing gains with flying colors and already looks to be one of the best DeFi projects to hold throughout 2023 despite still being in its presale.

Shiba Inu (SHIB) And Realistic Exit Targets

Experts’ next tip was to set realistic exit targets. Many investors got burned in 2021 because they had no exit plan despite plenty of top signals. In the case of Shiba Inu (SHIB), experts recommend checking analysts’ price predictions and making an exit plan based on this data.

Analysts’ predictions forecast Shiba Inu (SHIB) trading between $0.00001380 and $0.00001621. First, investors must ask themselves if these targets are realistic; they may even be conservative. Once investors have a viable price target based on historical data, they can create their exit target.

Investors must stick to these exit targets, and a good strategy is to tranche out at each price target. In the case of Shiba Inu (SHIB), investors buying now should sell a minimum of 50% of their total $SHIB stack between the above-indicated range. That way, they lock in profits minimizing risk and maximizing gains.

Dogecoin (DOGE) & Diversification

Finally, experts’ last tip for memecoin investments was diversification. Many Dogecoin (DOGE) holders suffered huge losses in 2021, with their portfolio fully allocated to $DOGE. Experts recommend having a balanced portfolio split between memecoins and blue chip projects.

Projects like Dogecoin (DOGE) should feature in investors’ portfolios, but they should only be a percentage of an investor’s portfolio. Analysts forecast $DOGE targeting an upper-range high of $0.16 in 2024. This means a small allocation could be a profitable move for investors.

Closing Thoughts: An Informed Investor is a Profitable Investor

Experts advocated for understanding value propositions, setting realistic exit targets, and diversifying to reduce risk and increase profitability. Understanding these factors naturally leads to the conclusion that $TOADS will likely become one of 2023’s best altcoins.

It has the most robust value proposition of the three, the lowest market cap allowing for the most sizeable yet still realistic exit targets, and its deflationary element combined with its aggressive treasury management means The Swamp itself is diversified.

Of the thousands of new DeFi projects launching, finding a token as substantial as $TOADS is complex, and its presale raising over $ 6 million indicates investor sentiment. Joining the DigiToads community and participating in the presale is the perfect choice for any investor who wants to minimize risk and maximize their returns!

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