In recent days, Cardano (ADA) has surged in its total value locked (TVL) to $200 million, marking an increase of 200% since the start of the year. One of the main causes for this increase is the growing popularity of meme coins within the Cardano network. Cardano plays host to a rapidly growing community of meme coin enthusiasts. New projects and tokens are what boost TVL and liquidity within the network.
Meme coins are growing in popularity among several other blue-chip cryptocurrencies such as Ethereum (ETH). Known for their interactive features, meme coins like Caged Beasts (BEASTS), now offer cryptocurrency enthusiasts a chance to participate in community initiatives and be part of something larger.
Caged Beasts: A New Presale Looking to Create a Community Through Its Referral Code
Caged Beasts is a meme coin still in its infancy, seeking investment through its presale. While it is relatively new, Caged Beasts is ready to imitate the success of established meme coins like Shiba Inu (SHIB) with its interactive features such as its 20% referral code.
Users who have already signed into the platform can generate a unique referral code. Anyone who signs up through the referral code nets the user 20% in ETH, BNB, or USDT. Such a feature creates communities faster, particularly for people who enjoy the engaging ecosystems meme coins have to offer. Also, Caged Beasts will release a lineup, adding a new caged beast at every presale stage. They will start as babies, growing into fully formed beasts by the end.
Caged Beasts is a rare presale investment that distinguishes itself through its beast lineup. As the coin progresses and raises funds, more features will be available to its investors who stick with the project for the long haul.
Shiba Inu Banks on Millions of DeFi Supporters Worldwide
One of the largest meme coins in the market, Shiba Inu is expanding its ecosystem along many avenues. Buying the meme coin gets you access to the SHIB metaverse, a purchasable Shiboshi collection, and a free-to-play collectible card game called Shiba Eternity.
Shiba Inu will soon upgrade its technology through its Shibarium update. The layer-2 blockchain solution will allow for cheaper transactions, lowered processing times, and the potential for scalability. The beta version – called PUPPYNET – is currently live to test out Shibarium’s viability in the DeFi landscape.
Cardano: The Crypto Created by a Former Founder of Ethereum
Cardano was formed in 2015 by Charles Hoskinson who was a co-founder of Ethereum. The blockchain and its token were formally launched in 2017. The cryptocurrency is positioned as an alternative to Ethereum and makes up for its relative newcomer status with faster processing times, cheaper transaction fees, and energy efficiency.
Cardano is well-equipped with its smart contract capabilities and is now augmented with the Alonzo upgrade which enables it to host a variety of DeFi applications, helping to maintain its attractiveness in the eyes of its investors.
These cryptocurrencies above are some of the most promising DeFi investments of 2023. Articles such as this can help to guide you into what could potentially be a 10x return-friendly meme coin.
Caged Beasts holds strong potential as the next-best meme coin of 2023, and its referral code system could net you huge returns as more and more people sign up. So head on over to any of the links below to get you started!
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