- SNEK has taken the Cardano ecosystem by storm, consistently delivering astronomical gains.
- As Cardano hints at a bullish summer, SNEK prepares for an eventual July, unveiling exciting plans.
- SNEK is ready to shed its skin and transform this summer with a new strategy in focus.
Cardano’s chillest memecoin, SNEK, has set the ecosystem ablaze with excitement and energy. The token has been rapidly gaining momentum, emerging as one of the leading projects in the Cardano ecosystem, consistently delivering astronomical gains.
With Cardano hinting at a potential bullish summer as we approach July, SNEK is gearing up for an eventful month, unveiling a series of exciting plans that promise to keep the community hissing.
SSSummer Is Here
SNEK has proven to be a force to be reckoned with as it shakes the Cardano ecosystem by being the major driving force behind the network’s DeFi resurgence. However, while slithering to the top, the token lacked a clear vision, relying on its memetic charm as “the chillest memecoin” in the Cardano ecosystem.
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But here’s where SNEK begins to shed its skin. Despite not having a white paper, the SNEK team is preparing for a summer transformation. CardanoRami, a SNEK core team member, recently unveiled the project’s July roadmap to make its token as deflationary as possible.
As we enter July, the SNEK team plans to unleash two new Burn mechanisms, venomously designed to enhance the value and scarcity of SNEK, coiling up investor interest. Additionally, the team aims to acquire over 182,000 ADA, worth approximately $51,000, to buy and burn SNEK, leaving a trail of scarcity in their wake by reducing the circulating supply.
While pursuing its deflation strategy, SNEK focuses on making its mark on centralized exchanges.
CEX Lissstings and Energy Drinks?
After already securing a prime spot on MEXC, SNEK is looking to accelerate its growth and adoption this month. The development team is set on securing more CEX listings, with ongoing discussions taking place with multiple platforms.
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Besides its deflation strategy, in a move that may be seen as very unconventional, SNEK is trying to remain true to its chill nature as it announces the bold launch of its serpentine energy drink, SNEK Energy, to cultivate its distinctive brand presence while keeping its community cool for the summer.
At press time, the token exchanged hands at $0.00039, boasting a market cap of $28 million and a daily trading volume of $800,000, gaining 11% this week. However, it’s worth noting that the token is still down by 52% over the past month.
On the Flipside
- Cardano founder Charles Hoskinson hinted at a Cardano Summer this year as the network approaches its final development stages.
- Ethereum’s most successful memecoin, PEPE, is up by 60% over the past month.
Why This Matters
SNEK is taking a similar approach to Dogecoin. Although it launched as a memecoin, the token is taking a more serious stance and actively working on providing value to its investors in tandem with its tremendous gains.
Read more about Cardano:
Cardano (ADA) Holds Firms Despite Regulatory Turbulence
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