Litecoin gains momentum with a rise in active addresses, while the DigiToads presale secures over $5.7 million.

Microstrategy's aggressive accumulation of Bitcoin is not surprising to investors. However, further on-chain data reveals more intriguing insights about the market's current state, indicating an accumulation phase before an upcoming rally.

Litecoin (LTC) has witnessed an increase in daily active addresses, while DigiToads (TOADS), a new DeFi altcoin, has attracted significant funding during its presale. This article explores these developments and their potential upside: Litecoin's rising addresses coincide with the TOADS presale raising over $5.7 million.

**DigiToads (TOADS): A Community-Driven Altcoin**

Raising capital during a bear market is challenging, yet DigiToads' achievement of raising $5.7 million speaks volumes about its value proposition. DigiToads stands out as one of the best DeFi projects, with its community-first approach resonating strongly with investors.

DigiToads creates a self-sustaining ecosystem within the Ethereum (ETH) network, allowing users to earn, play, and grow together. The ecosystem includes Toad-Cade, a play-to-earn game where players can battle NFTs to earn rewards. Revenue generated from the in-game store funds an airdrop to TOADS holders.

The introduction of NFT staking has further contributed to DigiToads' success in its presale. NFT owners can now leverage their assets to generate revenue, with a percentage of transaction fees directed to the NFT staking payout pool.

Analysts predict a 900% surge in the coming weeks leading up to the launch, positioning DigiToads (TOADS) as a top NFT crypto project within six months.

**Litecoin (LTC) Halving Approaches**

Litecoin addresses have surged ahead of the upcoming halving, scheduled for August, which will halve the block reward received by miners. This event serves as an inflationary hedge.

Increased on-chain activity on the Litecoin (LTC) network suggests investors are accumulating LTC in anticipation of the halving. A reduction in supply typically translates to positive price movements. Analysts have revised their price targets for Litecoin (LTC), forecasting a range between $153.40 and $181.97 in 2024.

While the halving is expected to benefit Litecoin holders by reducing its inflation rate, its ability to compete in the dynamic market remains to be seen.

**Closing Thoughts: Harnessing the Power of On-Chain Data**

Traditional finance operates in a black box, whereas blockchains offer transparency. Investors who leverage on-chain data gain valuable insights. The significant liquidity influx into the DigiToads presale, as indicated by on-chain data, suggests strong demand and potential for TOADS. Following the money often leads to profitable investments, making the TOADS presale an attractive opportunity.