The cryptocurrency market is always full of surprises, and the recent developments in Avalanche (AVAX) and BEN have caught the attention of investors worldwide. While AVAX, the native currency of the Avalanche platform, has been experiencing a prolonged decline in its value, BEN, a lesser-known meme coin, has been skyrocketing to new heights. This raises an intriguing question: What does this contrasting trend mean for Caged Beasts (BEASTS), another emerging player in the crypto space?
Avalanche is a blockchain platform launched in 2020, aiming to facilitate fast and scalable transactions, processing up to 4,500 transactions per second. Similar to Ethereum, Avalanche employs a Proof of Stake consensus mechanism to validate transactions. It supports smart contracts written in solidity language, making it a competitor to Ethereum.
The Avalanche blockchain provides a favorable environment for developers to create decentralized applications (DApps) and aims to enhance interoperability by integrating the decentralized finance (DeFi) ecosystem.
AVAX serves as the native currency within the Avalanche ecosystem, powering transactions. While it reached an all-time high value of $146.22 in 2021, its value has been declining since then. Currently trading at around $14.17, it has experienced a 16.7% decrease in the past 30 days and a 50% loss in value over the past year.
In the wake of Pepe Coin’s impressive market performance, a lesser-known cryptocurrency quietly began its ascent to new heights. Despite initially struggling to gain attention, this underdog is now making waves in the meme coin market. Its name is BEN coin, under the ticker symbol, $BEN.
On May 7th, a Twitter user with the handle ben.eth announced the arrival of BEN, sharing crucial details such as the token’s contract address and the creation of a dedicated Telegram group.
BEN swiftly captured the interest of crypto enthusiasts on Twitter when renowned YouTuber Ben “Bitboy” Armstrong talked about it on Twitter on May 10th. This endorsement from a prominent figure in the crypto space undoubtedly contributed to BEN’s growing popularity.
Despite Ben Armstrong clarifying that he had no role in creating BEN and that it originated from an exclusive Telegram group consisting solely of individuals named Ben, the coin’s popularity shows no signs of slowing down.
According to CoinMarketCap, BEN has experienced a significant increase of over 50% in trading volume within the past 24 hours. Furthermore, on May 24th, the price of BEN witnessed an impressive surge of nearly 70%. At the time of writing, BEN was trading at $0.0000002507, representing a remarkable surge of over 250% in the past 14 days.
The meteoric rise of BEN in the meme coin market is capturing the attention of investors and crypto enthusiasts alike. As the coin continues to forge its path to success, all eyes are eagerly following its journey to see how far it can go.
Caged Beasts is a groundbreaking meme coin determined to challenge human dominance in the financial system. Just like other cryptocurrencies in the market, Caged Beasts sets out to disrupt traditional finance with its innovative approach to decentralized finance.
Caged Beasts offers an enticing investment opportunity for crypto enthusiasts. As a community-driven token, it places utmost importance on trust and transparency, fostering a sense of unity among its holders.
The project team aims to actively engage its community by organizing exciting competitions, events, and bonus programs that provide additional profits to its investors. By offering such incentives, the project strives to cultivate an enthusiastic and loyal following.
The project team plans to progressively increase the token’s value at each stage of the presale. This strategic move not only adds value to Caged Beasts but also generates heightened demand among investors, making it a coin worth considering.
In the midst of a volatile market, the crypto world is witnessing an interesting shift. While altcoins like Avalanche strive to maintain stability, meme coins effortlessly capture attention. The recent triumphs of Pepe Coin and BEN Coin serve as undeniable proof of this phenomenon. It is within this context that Caged Beasts has the potential to rise to prominence, driven by its innovative approach and unwavering community support.
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