Can Meme Coin Newcomer Caged Beasts Compete With XRP & Binance In This Crypto Market?
The newest meme coin on the crypto market, Caged Beasts (BEASTS), is generating significant hype in the cryptocurrency community and is attracting the interest of meme coin fans as well as every other kind of crypto enthusiast.
This article will examine what makes the ecosystem of Caged Beasts unique. While contrasting its environment with that of XRP (XRP) and Binance Coin (BNB), the two most significant cryptos in the entire globe, it will shed light on the essential components that distinguish Caged Beasts as a unique meme coin.
Caged Beasts Protects Your Investment
A new meme coin called Caged Beasts is rapidly gaining popularity this year and raising interest in its upcoming presale. The project revolves around a group of experimental animals who escape from their cages and avenge the world! For customers to collect and raise, a new beast will be released during each stage of the presale. These caged beasts stand for caged liquidity, which refers to the secure storage of all funds raised in order to protect investors’ wallets.
Beyond that, one of the factors contributing to the growing expectation is the project’s referral system. Think about getting cryptocurrency without putting up any effort. Isn’t that amazing? Caged Beasts offer just that. Using your personal referral code, you can welcome loved ones to join the Caged Beasts community. Participants can create custom referral codes that, when used to deposit ETH, BNB, or USDT, add 20% of the amount placed to the code holder’s wallet immediately. Additionally, 20% more BEASTS tokens will be awarded to the investor who uses the referral code.
XRP Changed the Finance World
International payments were made easier than ever with the creation of the digital asset XRP. In the six years since its introduction, XRP has garnered investors’ interest due to its potential, which has led to its ranking at number 6, just outside the top 5 most valuable cryptos. XRP aims to revolutionise cross-border transactions by adopting a consensus mechanism that enables these payments to be resolved very quickly.
XRP is able to do this thanks to the Ripple Protocol Consensus Algorithm (RPCA), a unique consensus algorithm that offers some of the fastest speeds available. The fact that XRP has agreements with major financial institutions like Santander and American Express further highlights the usefulness XRP has brought to the fintech and cryptocurrency sectors.
Binance, Best of the Best
Binance is the uncontested number one crypto exchange in the world. Being the biggest crypto exchange in the world, it’s only natural that the crypto token native to the platform, Binance Coin, also be one of the top assets on the market as well. BNB was created as a utility token for the purpose of covering trading commissions on the Binance exchange. The use of Binance Coin, however, spread outside of the Binance exchange as the Binance exchange rose in popularity. It provides its owners with the chance to engage in staking.
By staking BNB, investors can participate actively in the proof-of-stake consensus mechanism of the Binance Smart Chain, which enhances network security and governance. Staking rewards, or passive income from staking, are received by participants. This promotes sustained ownership and engaged involvement in the Binance ecosystem. Any risks involved are fully accepted by Binance Staking. Another important element in the success of the token is unquestionably the guarantee that users will receive the exact quantity of tokens they originally invented.
Conclusion
The Caged Beasts ecosystem stands out as the ideal illustration of a meme coin centered on the community, being essentially a community token itself. Caged Beasts’ consistent, thrilling, and distinctive rewards pave the foundation for a vibrant and thriving community.
As the project grows, it is poised to have a significant impact on the world of meme coins and community-driven cryptos!
Find out more about Caged Beasts (BEASTS):
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
