Dogecoin and Shiba Inu have gained immense popularity in the world of cryptocurrencies, primarily due to their status as meme coins. These digital currencies have captured the attention of both crypto enthusiasts and the general public, becoming a symbol of the power of Internet culture. The question is now whether the fledgling meme coin, Caged Beasts (BEASTS), can join these ranks.
Why Are Dogecoin And Shiba Inu So Popular?
First and foremost, the community-driven nature of these meme coins has played a crucial role in their success. Dogecoin, in particular, was created as a lighthearted joke in 2013, featuring the Shiba Inu dog from the “Doge” meme.
The friendly and welcoming Dogecoin community quickly formed around this fun-loving coin, using it for various charitable causes and fostering a sense of camaraderie among its supporters. Similarly, Shiba Inu, inspired by Dogecoin, has established its own dedicated community that actively engages in discussions, sharing memes, and promoting the coin.
The viral nature of memes has also contributed to the popularity of these coins. Memes have become a dominant form of communication and expression in the digital age, spreading rapidly across social media platforms and capturing the attention of millions.
The use of meme imagery and references in Dogecoin and Shiba Inu has tapped into this cultural phenomenon, making them instantly recognizable and relatable to a wide audience. Memes have the power to create a sense of inclusivity and shared experiences, which has been a driving force behind the success of these coins.
Here’s Why Caged Beasts Can Match This
Caged Beasts is a new meme coin phenomenon that has emerged recently. It’s a community-centric coin that objects to the suppressive nature of centralized finance and wants to serve everyday people with greater autonomy.
Drawing inspiration from science fiction and cyberpunk themes, the project’s artistic concept revolves around genetically modified laboratory animals serving as mascots and offering unique NFT characters. However, what sets Caged Beasts apart is its innovative referral system, specially designed to reward both referrers and the people they refer.
The unique referral system of Caged Beasts operates in the following manner: every user has the ability to create their own referral code. When someone purchases using this code, the referrer immediately receives 20% of the deposited amount (in USDT) directly into their wallet.
Moreover, the individuals who are referred also receive bonus tokens, equal to 20% of the purchased amount, when they utilize someone else’s referral code. This system can be utilized to generate online income with Caged Beasts, without any additional costs for the user, aside from the coins they purchase and the minimal effort of inviting others to join the platform.
Caged Beasts – Could It Benefit From The Elon Musk Effect?
Moreover, mainstream exposure and endorsement from influential figures have propelled Dogecoin into the limelight. Elon Musk, the CEO of Tesla and SpaceX, has been a prominent supporter of Dogecoin, frequently tweeting about it and generating significant buzz.
His endorsement has garnered attention from the general public and sparked curiosity about meme coins. Additionally, Dogecoin has gained traction through collaborations and partnerships with various brands and celebrities, further increasing its visibility and appeal.
Furthermore, the accessibility of Dogecoin and Shiba Inu has made them appealing to a broader audience. Unlike some other cryptocurrencies that require significant technical knowledge or financial resources to acquire, these meme coins are relatively easy to purchase and trade on popular cryptocurrency exchanges. This accessibility has opened the door for individuals who may be new to the crypto space but are interested in exploring its potential.
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