Ink Protocol(XNK)

Investor sentiment can turn the fortunes of digital assets overnight. Astute observers are witnessing a fascinating shift in investor focus, marked by the recent staggering gains of Radicle (RAD) and DigiToads (TOADS). In today's analysis, we'll delve into the factors contributing to their rapid ascent while also exploring the reasons behind the unexpected stumble of established players like XRP and DOGE. This more significant trend amongst legacy tokens that grapple with stagnation and diminishing returns shows investors' clear pivot towards newer projects not weighed down by bloated valuations. DigiToads and Radicle exemplify the growing trend of digital assets offering new use cases, smaller market caps, and stronger narratives, which has driven their meteoric rise. DigiToads (TOADS) DigiToads (TOADS) has been making waves as a meme coin with a unique ecosystem that appeals to a broad range of users. The project features play-to-earn gaming, NFT staking rewards, and a community-driven treasury, which have all contributed to its remarkable growth in the market. With plans to launch a soon-to-be popular NFT collection during its presale, DigiToads early gains may soon be dwarfed by its later price action. The play-to-earn gaming aspect of DigiToads offers an engaging way for users to participate in the ecosystem while earning rewards. This gaming feature has gained traction among crypto enthusiasts and casual gamers alike. Additionally, the NFT staking rewards provide an opportunity for NFT collectors and investors to generate passive income from their digital assets. The community-driven treasury is another key component of DigiToads that has resonated with investors. This feature gives the community a say in allocating funds, ensuring transparency and responsiveness to user needs. The governance model enables token holders to participate in decision-making processes, fostering a strong sense of community and ownership. DigiToads' successful presale, which raised over $2.45 million, has further cemented its position as a project to watch. With significant backing from investors and a strong start, DigiToads is well-prepared to impact the market and continue its growth trajectory. >> Buy DigiToads Now << Radicle (RAD) Radicle (RAD) is an altcoin that has attracted a significant following due to its innovative approach to decentralized code collaboration. As an open-source protocol, it enables developers to collaborate on projects without relying on centralized platforms like GitHub or GitLab. Instead, Radicle uses its peer-to-peer replication protocol, Radicle Link, to facilitate collaboration and build DApps. The Radicle Link protocol maintains the efficiency of Git while providing a global, decentralized data repository through a peer-to-peer networking layer. Users can share data using "gossip," retaining redundant copies on their computers and sharing local data with the network. Additionally, users can fund and manage software projects initiated by others, promoting a "bazaar-style" collaboration where users host their own content and any content they find interesting.XRP & DOGE Suffer Steep DeclineRecently altcoins Dogecoin (DOGE) and XRP (XRP) have experienced a decline in value due to various factors. Dogecoin, a meme-inspired cryptocurrency, has faced increased competition from newer meme coins and NFT projects that have captured the attention of investors.As for XRP, the ongoing lawsuit between Ripple Labs, the company behind XRP, and the U.S. Securities and Exchange Commission (SEC) has created uncertainty surrounding the future of the token. This legal dispute has made some investors cautious about investing in XRP, consequently affecting its market value.Become Part of the TOADS Journey Today Radicle (RAD) and DigiToads (TOADS) have more than doubled in value, and analysts now regard them as top altcoins, while XRP and DOGE have stumbled. These projects offer unique opportunities for investors looking to capitalize on the dynamic world of cryptocurrencies. Radicle's innovative approach to decentralized code collaboration and DigiToads' unique ecosystem and meme coin status make them promising projects in the competitive digital asset market, especially DigiToads, which has plans to launch on centralized exchanges in the coming months which could see it undergo another rapid expansionary phase. For more information on DigiToads visit the website, join the presale or join the community for regular updates. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Singapore, Singapore, May 3rd, 2023, ChainwirezkLink, a multi-chain trading middleware utilizing zero-knowledge proofs, announces the first "Dunkirk Test", a new DeFi safety standard, on May 11-13. During this event, zkLink will shut down its servers for 72 hours, inviting users to try the emergency asset recovery feature, and earn rewards for taking part in the test."The Dunkirk Test is like a fire drill for crypto users. We will simulate a sudden shutdown of the zkLink infrastructure, so that users can learn how to recover their assets,&rdquo; said Vince Yang, co-founder of zkLink. &ldquo;We believe the &lsquo;Dunkirk Test&rsquo; could set a new benchmark for safety in the crypto industry. It is unacceptable that billions of dollars are lost each year due to custody fraud or cross-chain bridge exploits, so we encourage other DeFi protocols to conduct the same test to prove self-custody of user&rsquo;s funds.&rdquo;The Dunkirk shutdown period begins on May 11 at 12pm Singapore time, during which users can go to a recovery node and withdraw their assets back to their wallets.One of zkLink&rsquo;s ecosystem dApps, ZKEX.com, will also take part in the shutdown test.To participate in the Dunkirk event, users should first join the campaign on Galxe.com, then trade on the ZKEX.com testnet using free test tokens until May 10, the day before the shutdown.&ldquo;The ZKEX team is building what we hope is the safest omni-chain DEX in the industry. So to prove it, we&rsquo;re joining zkLink in shutting down access to our trading platform to demonstrate users won&rsquo;t experience another CeFi-like loss with us,&rdquo; said Balal Khan, co-founder of ZKEX. &ldquo;Think of this as a fake rug pull with a happy ending, giving peace of mind that crypto traders have ownership and control of their assets at all times, even if zkLink is down, or ZKEX.com disappears.&rdquo;In addition to fourteen partners hosting recovery nodes, zkLink&rsquo;s open-source asset recovery app has been released on Github, enabling anyone to download and run a private recovery node for fund withdrawal.The mainnet launch of zkLink is planned for summer 2023, soon after the Dunkirk test.For more information about the Dunkirk asset recovery test, visit zk.link/dunkirkAbout zkLinkzkLink is a multi-chain trading infrastructure secured with zk-SNARKS, empowering the next generation of decentralized trading products such as order book DEX, NFT marketplaces, among others.By connecting various L1 blockchains and L2 networks, zkLink's unified, multi-purpose ZK-Rollup middleware enables developers and traders to leverage aggregated assets and liquidity from different chains and offer a seamless multi-chain trading experience, contributing to a more accessible and efficient DeFi ecosystem for all.About the &lsquo;Dunkirk Test&rsquo;Inspired by the historic evacuation from the beaches of Dunkirk, the zkLink Dunkirk Test serves two critical purposes: boosting user confidence in zkLink system security and promoting the adoption of the Dunkirk Test as an industry standard for absolute fund security.In this first test, the zkLink protocol will shut down for three days, allowing users to recover their assets from either a hosted or self-hosted recovery node. Asset balances will be rebuilt from all connected blockchains, and withdrawn back to users&rsquo; wallets, giving peace of mind that user funds are truly self-custodial.A number of partners have committed to run recovery nodes for users during the Dunkirk shutdown period, namely Alliance DAO, Ascensive Assets, BitEye, Bware Labs, CyberConnect, Kepler-428 DAO, Meria, Morningstar Ventures, Republic Crypto, Secure3, Smrti Labs, TokenInsight, Unipass, and Verilog.To stay updated and learn more about zkLink, follow zkLink on:Website | Twitter | Discord | LogoContactzkLink Marketing [email protected]