Crypto has been around for over a decade, but it’s only been within the last few years that mainstream audiences have finally started to pay attention to its capabilities and the potential it has to make them money when investing. There are many different factors that have contributed to this rise in popularity for crypto, such as the covid lockdowns and the rise of fintech, but something that has especially played a big role in this is the simplification of the crypto space as a whole.
Thanks to many different trends that have arisen from the evolution of altcoins, the crypto market has become more exciting and accessible without losing any of its profitability. One trend specifically that spearheaded this was meme coins and this article will use one of the latest and most interesting meme coins to hit the scene, BEASTS Coin (BEASTS), as an example of how meme coins did this.
The Power of Meme Coins
So why do meme coins draw in new investors? It’s all about the enthusiasm and sense of community they exude. Meme coins are extremely popular on social media sites, where viral trends and memes are the norm. This fits in wonderfully with the instant gratification culture of the digital age. Meme coins give people the chance to invest speculatively in the hopes of hitting the next big thing and turning a tiny initial investment into huge profits.
With its complicated terms and dense intricacies, understanding crypto can be difficult. The introduction of meme coins, though, was a breath of fresh air. Meme coins have evolved into an entry point into the world of cryptocurrencies by demystifying the ideas and grabbing the interest of newcomers. They provide an enjoyable and interesting entrance point that tempts a larger audience to dangle their toes in the cryptocurrency market.
BEASTS Coin: What and How?
BEASTS Coin harnesses the power of social media and community engagement in a way no other meme coin has done before. The project revolves around a deeply thought out and entertaining narrative no different from one you may read in a book, watch in a film or play in a video game.
A group of mutated beasts break free from the lab they were experimented on and caged in, seeking revenge on humanity. It’s these beasts that investors will be able to collect and raise throughout the presale, watching them grow into terrifying behemoths. This captivating narrative and presale incentive, coupled with a referral system that allows users to earn 20% commission in ETH, USDT or BNB daily, keeps the community coming back for more while instilling them with a shared purpose that goes beyond simply making money – though how lucrative it can be is still a big part of it.
It is encouraging for projects like BEASTS Coin that meme coins have been successful in engaging new audiences. Meme currencies are bringing more individuals into the cryptocurrency world, and this increases their interest in other original initiatives with promise. Investors have the opportunity to join a thriving community through BEASTS Coin and benefit from its expansion. Investors can double their investments and even open up profitable passive income opportunities by utilising the power of social media and a referral system.
Other Exciting Altcoins
There are other crypto projects aside from meme coins that are worth investing in that also played a big part in simplifying the space and attracting more new audiences to invest!
Optimism (OP) is a layer-2 scaling solution for the Ethereum blockchain that is often referred to as optimism crypto. It tries to solve Ethereum’s scalability problems, which frequently lead to high transaction costs and network congestion. The technology of Optimistic Rollup is used by Optimism to greatly boost Ethereum’s transaction throughput and lower gas costs. Instead of working directly on the Ethereum mainnet, developers may use Optimism to deploy decentralised apps (DApps) and smart contracts on Layer-2, benefiting from speedier transaction confirmations and much cheaper fees. Due to Optimism’s complete compatibility with the current Ethereum infrastructure, users can continue to interact with DApps and tokens in a seamless manner.
The native token for the Binance exchange is the cryptocurrency known as Binance Coin (BNB). One of the biggest and most well-known cryptocurrency exchanges in the world, Binance provides users with a variety of trading pairs and services. BNB is primarily used to speed up transactions and cover platform costs on the Binance exchange. Users can use BNB to pay for Binance’s services such as trading, withdrawal, and listing fees for new tokens. Users can receive savings when paying fees with BNB, making it a desirable choice for platform regulars.
Meme coins have been crucial in engaging with new audiences as the crypto world has evolved. Future projects like BEASTS Coin take advantage of this trend by offering unique experiences and luring investors into the crypto space. It’s an exciting time because community, simplification, and potential rewards are coming together. As they begin to disrupt the crypto landscape one viral trend at a time, strap up and welcome the rise of meme coins.
Find out more about BEASTS Coin (BEASTS):
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS