Forget Pepe and dogwifhat — Snek Is the Memecoin You've Been Waiting For

For decades, memes have not only been a fun and clever way to communicate, but they’ve also inspired a few popular cryptocurrencies that carry surprising value. For example, Dogecoin, one of the most recognizable memecoins, saw a 37,000% increase in value from its 2013 launch to its peak in 2021. However, timing is everything when it comes to memecoin investments, making it crucial to jump on board at just the right moment for maximum ROI. Right now, early investors are turning to Snek, a promising cryptocurrency.

Of course, almost every currency declares itself to be the next big thing, and smart investors look closely at a coin before committing. But there are a few data points that indicate Snek as a particularly interesting choice for investors.

Currently, Snek is the top token in the Cardano ecosystem. Its volume is the highest of any currency in Cardano history (20% of all Cardano token volume is Snek). That might make it sound like Snek is already at its peak value or close to it. However, the Cardano ecosystem is actively developing and growing every day.

For context, BNB, Solana, Ethereum, and all other top crypto ecosystems have already had a memecoin achieve a value of over $1 billion — leaving many wondering which Cardano memecoin will hit that milestone.

Snek hasn’t yet reached the billion-dollar mark, but it has all the makings of a strong token. For memecoins, a robust community is essential to success, and while Snek’s community hovers around the 43,000 mark, these users are highly engaged and invested in the success of the token — something not true of many other memecoins. Its engagement rate is actually on par with that of coins with millions of followers.

Snek is also community-owned, so its holders determine its growth and direction. Fortunately, the people mapping out the coin’s future are equipped to reach reasonable yet far-reaching goals. Surveys show that 80% of Snek holders have expert knowledge of the crypto space and an above-average income of more than $60,000 per year. As you can see, Snek features a wide base of savvy investors.

Holders are also especially optimistic about Snek’s potential, with 83% of the community rating the coin’s potential at five out of five stars. These holders have taken a highly innovative approach to growth and development as well, treating Snek not simply as a coin but also as a brand. For example, there’s already a Snek Energy drink; an easy-to-use Cardano token generator, Snekx; and the first-ever Cardano Telegram trading bot, SNEKbot. Popular merch and accessibility tools are both indicators of a strong brand, and Snek seems to be doing it right.

Countless newer cryptocurrency enthusiasts are regretful for not investing in Bitcoin or Dogecoin before they rose astronomically in value. You can't go back in time, but you can look ahead to the next big thing.

Of course, in the volatile world of memecoins, nothing is guaranteed. But given its backing and growth potential, Snek makes for an interesting choice.