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It seems like the summer of 2023 could see the return of the meme coin craze as the market has recently seen the introduction of numerous promising and unique meme coins. One of the most significant coins is Caged Beasts (BEASTS), a crypto currently in presale that is committed to allowing its users to generate passive income while consuming an entertaining and lore-rich narrative with a series of collectibles at the core of it.
The project has already begun receiving a substantial amount of support from the community as a whole, which is leading to speculation about the prospective success of another new meme coin, Wall Street Memes (WSM) as it raises $10 million in presale!
How Meme Coins Started
Though meme coins wouldn’t enter the mainstream until 2020 and 2021 when the trend exploded due to to the financial possibilities they could offer during a time of crisis and thanks to the endorsement of popular and trusted (to some) figures such as Elon Musk; the history of meme coins actually dates back much further – almost a decade ago back in december 2013.
Dogecoin is currently the first and largest meme coin in the world, which is a fascinating comparison to Bitcoin’s (BTC) status as the first and largest cryptocurrency overall. It was one of the first alternative coins on the market to recognise the potential that cryptocurrency held when you enabled it to become entertaining and widely available, as opposed to the serious niches it was confined to at the time. Although it first mocked Bitcoin, it quickly developed to the point where it could coexist with Bitcoin as a useful asset.
Inspired by the famous Doge meme that was especially popular at the time, Dogecoin emerged as a unique player in the cryptocurrency market, attracting many different demographics that otherwise would have no interest in crypto. It distinguished out in a market flooded with cryptocurrency initiatives that took themselves way too seriously thanks to its charming logo and active community.
Caged Beasts Breaks Free
Caged Beasts is a compelling tale of retribution and freedom! Following creatures that have been genetically altered after they’re able to escape the laboratory where they were developed. Each level of the Caged Beasts presale introduces a new beast, increasing the community’s enthusiasm and engagement. The chance to watch these creatures develop and change attracts investors, making early investment even more alluring.
To give investors a way to generate passive revenue during the Caged Beasts presale, the referral programme was developed. This is how it goes: You get a unique referral code when you acquire shares of Caged Beasts.
Users receive a 20% commission in ETH, BNB, or USDT for each Caged Beasts signup made using your code, and the customer receives an additional 20% in BEASTS tokens. The referral programme perfectly embodies Caged Beasts’ commitment to community involvement.
You may significantly increase the project’s reach and effect by inviting people to join the Caged Beasts family and being an active member of this lively community. It also provides a vibrant and engaging sense of community. Prepare yourself for interesting social media giveaways, contests, and more. The project’s brand reputation is strengthened and the participant experience is improved overall thanks to this dynamic ecosystem.
A 10 Million Wall Street Bet
Though the name is incredibly recognisable, Wall Street Memes is extremely new to the market and yet is already a huge success after raising $10 million in its presale. The Wall Street Bets Reddit campaign, which was a major factor in the popularity of meme coins in 2021, served as inspiration for the recently established meme currency, which has already seen tremendous success. The presale raised $100K within minutes of beginning, and even ended up raising $500K in just a day. Since it was developed by a social media company with more than a million followers, this is not shocking, though.
When you realise that the Wall Street Memes brand does more than just make memes, the following makes sense. The team released an NFT collection in 2021 at the height of the trends popularity too, which sold out in 32 minutes and brought in over $2.5 million. This demonstrates not only the team’s prowess in creating profitable crypto goods, but also the power of the Wall Street Memes community. By launching Bitcoin Ordinal NFTs alongside its meme coin, the team has more recently demonstrated its capacity to stay abreast of the most recent developments in the world of cryptocurrencies. These NFTs will have a one million-person community and be in short supply due to high demand. Therefore, it is anticipated that a large portion of this demand will also seep into the meme coin.
More about BEASTS:
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
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