Everyone wants to earn more money quickly and comfortably in today’s capitalist environment. Meme coins in particular offer an extremely creative way for investors to continually increase their wealth. With such potential and consumer gain, the cryptocurrency market is expanding daily. Finding the best alternative for investment has grown more challenging.
In this article, we look at the best meme coins that could provide you with more in return. The recently launched meme coin Caged Beasts (BEASTS) has a unique referral scheme while Cosmos (ATOM) and Dai (DAI) are going the traditional route of staking for return.
BEASTS Unchained! A Roar of Wealth
As a meme coin, Caged Beasts (BEAST) has made a mesmerizing entry into the cryptocurrency world. Despite being a new player, this one is set to have a significant influence because of a thrilling presale event that is live now. The presale event that the project’s developers organized offers alluring bonuses and privileged benefits and has sparked a wave of passion in the cryptocurrency community.
Don’t let the cage that BEASTS is now enclosed in fool you. An unstoppable wave of momentum in the market was just released by Caged Beasts. It is more than just a coin; it’s a thriving community.
The earn option offered by BEASTS, which enables each user to create a special referral code, is one noteworthy feature. When a customer uses this code to make a purchase, the code holder immediately receives a wonderful 20% of the deposited amount (in ETH, BNB, or USDT) in their wallet, making this money instantly handy. Every participant in this fascinating experience helps and benefits from others, creating a win-win situation.
Cosmos Offers Tenet for Staking
2014 saw the launch of Cosmos, a decentralized blockchain network famous for its great interoperability. It makes it possible for many blockchains to connect. Cosmos’ native coin, ATOM, can be used to cover transaction costs on the Cosmos network. In addition, ATOM can be staked to receive prizes. At this time, betting on ATOM yields about a 9% return.
According to a May 3 release from the developers, a new Cosmos-based blockchain named “Tenet” will leverage liquid staking currency from existing networks to guarantee its transactions, potentially allowing the new network to inherit the security of older ones.
The network is currently accessible through a testnet; once testing is over, a mainnet version will be released. This comes after liquid staking recently overtook other DeFi protocol categories to become the biggest.
DAI Depends on USD
DAI, a decentralized stablecoin, functions differently from other stablecoins because it pegs itself to the USD without relying on a centralized body like USDC or BUSD for backing. As an alternative, it creates itself using the Ethereum network’s smart contracts. Various digital assets and cryptocurrencies like Ether serve as collateral for DAI, which is supported by a broad spectrum of assets.
It’s noteworthy that USDC provides a large percentage of support for DAI. As a result, DAI also felt the effects of any divergence from the peg experienced by USDC.
The underlying link between DAI’s staking reward and the USD market value adds an aspect to its ecosystem. The current market value of the US dollar will determine the rewards from staking DAI. This link to the USD highlights the relationship between DAI’s stability and the larger economic environment.
Meme coins like Caged Beasts offer a unique way to accumulate riches, while well-known coins like Cosmos and DAI offer different approaches. With an exciting presale event and profitable referral program, Caged Beasts captivates. While DAI’s USD reliance and stablecoin peg provides distinctive elements, Cosmos shines in interoperability and staking returns.
These coins are a perfect example of how cryptocurrencies’ potential is changing for investors looking for different avenues for financial development. Caged Beasts’ referral system is proving itself to be the best option in the current scenario for making passive income.
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