Crypto whales have had a massive impact on the crypto space since the dawn of digital financing. These entities possess substantial holdings, giving them the ability to influence the market with their trading activities. As a result, whales attract attention and speculation due to their wealth, shaping the direction of the crypto community and impacting market stability.
In recent developments within the crypto markets, significant players from the VeChain (VET) and Monero (XMR) communities have embarked on a search for promising altcoins. Therefore, this article aims to delve into the two prominent cryptocurrencies, VeChain and Monero, and explore the motivations driving these whales’ curiosity towards emerging altcoins, such as the newly popular meme coin known as Caged Beasts (BEASTS).
VeChain: From Soaring Heights to Real-World Adoption
VeChain (VET) is a layer-1 blockchain designed for business applications that offer smart contract support for various use cases like supply chain management, digital asset ownership, and product tracking. The platform boasts renowned clients such as Walmart, PwC, and BMW, propelling VeChain’s value to soar by a staggering 10,000% from its 2020 low to its all-time high of $0.28 in 2022.
However, the VeChain (VET) price has since retraced its gains, plummeting by 93% from its peak. This decline stems from the realization that partnerships alone did not lead to increased transactions on the VeChain blockchain, exposing an overvaluation of the project.
Monero’s Privacy Reign Faces Downturn; Whales On The Hunt
Monero (XMR), a prominent privacy coin in the cryptocurrency industry, has gained significant popularity since its creation in 2014. Known for its advanced privacy features and strong market liquidity, Monero has been a successful project in the crypto market.
However, the value of Monero has experienced a substantial decline, dropping over 70% from its all-time high in 2021 to approximately $154 per coin. This downward trend can be attributed to the diminishing interest in privacy coins as investors turn their attention to newer projects.
Caged Beasts Roars Into The Crypto Scene with Captivating Growth Potential
Caged Beasts (BEASTS) is a new meme cryptocurrency that has been making waves in digital financing. What sets Caged Beasts apart is its unique concept of caged liquidity, which symbolizes the growth of locked funds over time, akin to animals evolving into powerful beings. This metaphorical representation creates a sense of excitement and potential for financial freedom within its community, attracting major investors.
Moreover, Caged Beasts ensures stability and investor confidence in the ecosystem through its mechanism of 75% locked funds, which are planned to release after the launch of the native token, BEASTS. The project’s focus on community expansion and a dedicated marketing wallet further enhance its appeal, fostering a vibrant and engaged community.
Caged Beasts offers investors an immersive and promising opportunity in the crypto landscape, creating a metaphorical journey that not only presents a potential for financial growth but also immerses participants in an imaginative world of cybernetically enhanced creatures.
Could Caged Beasts be a potential candidate for the whales of VeChain and Monero?
In the current landscape where VeChain and Monero whales are actively seeking out promising altcoins, Caged Beasts emerges as the missing piece to this puzzle, with its highly anticipated presale set to launch soon. With its distinctive infrastructure and captivating ecosystem, coupled with the groundbreaking caged-liquidity mechanism, Caged Beasts has the potential to become a valuable resource for VeChain and Monero whales.
Moreover, what makes Caged Beasts ideal is its innovative referral scheme, which harnesses the power of community engagement to generate passive income by inviting others to join its ecosystem. Through Caged Beasts, VeChain and Monero whales can gain exposure to promising projects in the DeFi network that hold great potential for future growth.
Read All About Caged Beasts Here:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.