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The newest hype brewing in the Cardano (ADA) ecosystem is Snek (SNEK), the memecoin that has gained considerable attention in such a short while. Crypto Twitter is raving about SNEK and even Charles Hoskinson, the founder and Chief Executive Officer (CEO) of IOHK is getting more interested in the reptile-themed memecoin.
Similar to the recent trend with memecoins, SNEK has been able to make its holders millionaires in a matter of hours. The Cardano network-based memecoin was founded by $goofycrisp, a Cardano community member together with MasterofC from the Chilled Kongs Team and JSHy, a jpg.store team software engineer.
The first presale of the coin took place between Thursday, April 27th, and Friday, April 28th for 6 hours where about 50% of the total supply of over 76 billion SNEK tokens were distributed.
Markedly, the first recipients of the memecoin were early investors and supporters of the project who purchased the token for as low as 20 ADA. Due to the significant amount of interest that the presale generated, especially on Twitter, with 519 transactions, a raise of 112,000 ADA was realized in the ecosystem. In the days following the presale, SNEK was listed on the Cardano DEX Sundaeswap, with an initial market capitalization of $275,000.
Approximately, 40 percent was dedicated to DEX liquidity, and 5 percent, 3 percent, and 2 percent were allocated to special utility, project treasury, and airdrops, respectively. The development team claimed to not have allocated any of the circulating supply of the token for their compensation, hence, causing community members to agree that the launch was conducted in a fair manner.
SNEK Grows Considerably Amidst Memecoin Trend Last week, leading cryptocurrency exchange Binance published a comprehensive directory on how to purchase the memecoin.
Consequently, netizens began to suspect that the crypto exchange is mulling the idea of listing SNEK on its platform. The involvement of Binance sparked another level of interest amongst crypto enthusiasts fueling a new round of buyups.
While Binance has not given an official statement concerning a listing, its interest, however, indicates that the leading exchange acknowledges the popularity and increased demands for memecoins generally.
<a href="https://www.crypto-news-flash.com/cardano-based-memecoin-snek-dogecoin-competitor-surges-100-in-7-days-is-now-the-time-to-become-a-millionaire-report/" target="_blank">News Source</a>
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Elevenews

Cardano-Based Memecoin SNEK, Dogecoin Competitor, Surges 100% in 7 Days – Is Now the Time to Become a Millionaire? Report - ELEVENEWS

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	<img src="https://www.crypto-news-flash.com/wp-content/uploads/2023/02/Cardano-as-the-best-choice-of-watches-1000x600-1.jpg" alt title="Cardano Secures Binance Listing for Shiba Inu Rival Snek – Will This Altcoin Transform Your $100 Investment into Millions? Report" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2023/02/Cardano-as-the-best-choice-of-watches-1000x600-1.jpg 1000w, https://www.crypto-news-flash.com/wp-content/uploads/2023/02/Cardano-as-the-best-choice-of-watches-1000x600-1-300x180.jpg 300w" />				
			
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<li>Binance has published a new guide on how to buy Cardano-based SNEK.</li>
<li>Memecoin sensation has been sustained with hopes for massive returns still huge.</li>
</ul>
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Binance, the world’s largest crypto exchange by trading volume, recently provided a comprehensive <a href="https://www.binance.com/en-NG/how-to-buy/snek" target="_blank">guide</a> on how to buy Snek (SNEK), the newly created MEME token based on the Cardano blockchain. 
Following the update, the crypto community has speculated that Binance is planning towards listing the memecoin on its platform. As expected, many crypto enthusiasts shared their excitement that the largest cryptocurrency exchange has joined the SNEK conversation.  
Markedly, SNEK founder Goofy Crisp, a crypto engineer, and investor, expressed his excitement over Binance’s support for SNEK on his official Twitter account. In his tweet, he wrote: 
<blockquote>Looks like Binance wants people to buy SNEK…</blockquote>
Also, Charles Hoskinson, Cardano’s founder <a href="https://www.crypto-news-flash.com/snek-the-next-pepe-on-the-ada-blockchain-turning-100-investment-into-1m-in-3-days-charles-hoskinson-pushes-memecoin/" target="_blank">expressed interest</a> in the SNEK memecoin recently when he asked about it on Twitter. Hoskinson’s request seems harmless, but one cryptocurrency enthusiast responded that the Cardano founder was trying to promote the coin.
It is worth noting that Binance’s provision of resources tailored to purchasing SNEK, suggests that the firm is acknowledging the popularity and demand for memecoins. By offering information on how to buy SNEK, Binance is catering to the needs of its users and providing them with the necessary tools to engage in trading these assets. 
This proactive approach can be seen as a response to the market demand for memecoins and an acknowledgment of their significance within the crypto space.
<h3>Can SNEK Bring Huge Returns for Investors?</h3>
While Shiba Inu (SHIB), PEPE, and other memecoins are making notable progress in the crypto space, SNEK could potentially become a big competitor to these viral alternatives.
As mentioned earlier, SNEK is a memecoin based on the <a href="https://www.crypto-news-flash.com/what-is-cardano-ada-the-best-3rd-generation-blockchain/" target="_blank">Cardano</a> network founded by Cardano community member goofy crisp. Other well-known co-founders include MasterofC on the Chilled Kongs team and software developer JSHy on the jpg.store team. 
Notably, SNEK’s prominent team members are using their influence to promote and market the memecoin, leveraging their reputation to generate interest and attract investors. They are utilizing various channels such as social media, interviews, conferences, and partnerships to create buzz and raise awareness about the memecoin.
Additionally, the expertise and experience of the team can also lend credibility to the project, potentially attracting a wider audience who may view their involvement as a positive sign.
Interestingly, in a 6-hour pre-sale of SNEK which was conducted on April 27, users were able to buy the tokens as low as 20 ADA coins. The pre-sale was heavily promoted on Twitter, resulting in over 2,000 ADA being sent to pre-sale addresses just one minute after launch. About 112,000 ADA coins were sold in 519 transactions during the presale. <div><div><h2>Subscribe to our daily newsletter!</h2></div>          No spam, no lies, only insights. You can unsubscribe at any time. </div>
According to current data, the SNEK token is trading at $0.0001945 with a 16.90 percent growth in the past 24 hours, suggesting an increase in price. Additionally, The trading volume is roughly 7.35 percent of the market capitalization, indicating moderate trading activity.
Hopefully, if the price of SNEK continues to grow and the adoption rate increase, investors could see their investments generating huge returns. Whether or not the rate of returns will <a href="https://www.crypto-news-flash.com/pepe-featured-on-bloomberg-amid-crypto-market-downturn-is-there-still-a-chance-to-turn-251-into-1-4m-in-3-days-report/" target="_blank">generate millions like PEPE</a> and Shiba Inu, remains what is hard to predict.
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
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Crypto News Flash (EN)

Cardano Secures Binance Listing for Shiba Inu Rival Snek

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 <img src="image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCA4NTAgNTYwIiB3aWR0aD0iODUwIiBoZWlnaHQ9IjU2MCIgZGF0YS11PSJodHRwcyUzQSUyRiUyRmNyeXB0b2J1bGxzY2x1Yi5jb20lMkZ3cC1jb250ZW50JTJGdXBsb2FkcyUyRjIwMjIlMkYxMCUyRkNORlQtODUweDU2MC5wbmciIGRhdGEtdz0iODUwIiBkYXRhLWg9IjU2MCIgZGF0YS1iaXA9IiI+PC9zdmc+" data-spai="1" alt=" Top ADA NFTs (by Sales)">
 
 <a href="https://bit.ly/2X4S33R" target="_blank" rel="nofollow noopener"><img src="image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAzNjEgNTQiIHdpZHRoPSIzNjEiIGhlaWdodD0iNTQiIGRhdGEtdT0iaHR0cHMlM0ElMkYlMkZjcnlwdG9idWxsc2NsdWIuY29tJTJGd3AtY29udGVudCUyRnVwbG9hZHMlMkYyMDIxJTJGMDglMkZTY3JlZW5zaG90LTIwMjEtMDgtMDYtYXQtMTEuNTMuMTYtUE0ucG5nIiBkYXRhLXc9IjM2MSIgZGF0YS1oPSI1NCIgZGF0YS1iaXA9IiI+PC9zdmc+" data-spai="1" alt="" width="281" height="42"></a>The volume of everyday transactions is increasing as blockchain technology advances. By 2030, the market for Non-Fungible tokens (NFT) is expected to exceed $1 trillion. This rise is positive for the sector and those investing in NFTs, but Ethereum&rsquo;s gas pricing may limit wider use.
Cardano employs more sophisticated blockchain technology than previous cryptocurrencies, making it more appealing to users.Cardano is a cryptocurrency and open-source blockchain platform. Cardano is developing a smart contract platform that will enable more complex capabilities than any previous system.
It is the first blockchain platform to be founded on a scientific mentality and research-based approach. The development team is made up of a diverse multinational collection of highly talented engineers and researchers.

<h2>Which are the Best Cardano NFTs (2022)?</h2>
<img src="image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxMjgwIDcyMCIgd2lkdGg9IjEyODAiIGhlaWdodD0iNzIwIiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvYnVsbHNjbHViLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyMiUyRjEwJTJGQ05GVC5wbmciIGRhdGEtdz0iMTI4MCIgZGF0YS1oPSI3MjAiIGRhdGEtYmlwPSIiPjwvc3ZnPg==" data-spai="1" alt="Cardano NFTs 2022 on the market" width="450" height="253">
Check out our selection of the very best Cardano NFTs 2022 on the market:
<h3>SpaceBudz: Best Cardano NFT by Volume</h3>
SpaceBudz is one of the most well-known Cardano NFT collections in terms of trading volume. SpaceBudz offers a variety of digital assets, including people, animals, and landscapes. The SpaceBudz NFT collection comprises 10,000 distinct NFTs and is based on the Cardano platform. SpaceBudz sales have topped $1.5 million.&nbsp;
Floor Price: &#8371;3100
Buy: &#8371;4942.04&nbsp;
<h3> Pavia</h3>
Pavia is the first Cardano-based virtual world that is entirely run by its users. It is made up of approximately 100,000 NFT land units. Pavia is a Metaverse initiative based on Cardano that has over 8,300 landowners. If you&rsquo;re looking for a unique piece of digital real estate, Cardano NFT is the way to go. The Pavia Project is still in its early stages, and they are devoting their time and attention to providing an excellent experience to community members.&nbsp;
Floor Price: &#8371;194
Buy: &#8371;283.25
<h3> Clay Nation by Clay Mates: Best 3D Cardano NFT Collection</h3>
Clay Nation is a virtual gallery that sells clay avatars and accessories. It is a collection of 3D people with clay-like qualities that were produced algorithmically, with AI-based software accounting for their motions and portfolios. Snoop Dog, the musician, is lending his support to this endeavour. Cardano will receive roughly 10,000 sculpted clay figures as part of the package. Clay Nation is presently one of Cardano NFT&rsquo;s most popular projects.&nbsp;
Floor Price: &#8371;2600
Buy: &#8371;3228.7
<h3> Boss Cat Rocket Club: Best Cat NFTs in Cardano Ecosystem</h3>
Members of the Bored App Yacht Club established the Boss Cat Rocket Club to provide something new to space exploration. This collection is restricted to 9,999 Cardano Blockchain space-bound cats. BCRC is a member of Sandbox Space Centre and Beach clubs worldwide, as well as private galleries and an underground auction house.&nbsp;
Floor Price: &#8371;810
Buy: &#8371;903.51
<h3> The Ape Society: Best Ape Carano NFTs</h3>
The Ape Society is a compilation of 7,000 unique NFTs produced on the Cardano Blockchain and each of the 7,000 characters has a unique design based on a set of traits. Some traits are more unusual than others, but each ape has its own sense of style and usefulness.&nbsp;
Floor Price: &#8371;4450
Buy: &#8371;5396.83&nbsp;
<h3> Chilled Kongs:&nbsp;</h3>
The Chilled Kongs and The Ape Society collections are two of Cardano&rsquo;s most visible NFT collections. It is one of the world&rsquo;s oldest networks. There are now 8888 Chilled Kongs nfts in circulation.&nbsp;
Floor Price: &#8371;1729
Buy: &#8371;1569.62&nbsp;
<h3> Boss Cat Rocket Parts</h3>
The BCRC Rocket is one of Cardano&rsquo;s most prized and unique NFT collections. There are three sorts of components available to build a BCRC Rocket: external fuel tanks, solid rocket boosters, and orbiters. With the availability of 3,333 total rocket components, assembling one of our 1,111 potential BCRC Rockets is now possible by gathering three matching pieces.&nbsp;
Floor Price: &#8371;999
Buy: &#8371;2671.33&nbsp;
<h3> Pitches at Clay Nation</h3>
The land pitches are claimable properties in the Clay Verse&rsquo;s newly developed territories, which include Sonic, Underworld, and Bake Nation. Clay Mates also revealed that they have allocated 19,500 plots of land in the Sonic and Underworld zones for Clay Nation owners at a 1:1 ratio. There are now 32,027 Pitches available at Clay Nation nfts.&nbsp;
Floor Price: &#8371;180
Buy: &#8371;343.32
<h3> Cornucopias Land Sale &ndash; Zones 1-3</h3>
Cornucopias &lsquo;The Island&rsquo; is a massive blockchain-based game with Play-To-Earn, Build-To-Earn, and Learn-To-Earn components. Here, by playing games in an engaging and safe metaverse, users may earn or own land, properties, and other NFT-based assets with real-world worth.&nbsp;
Floor Price: &#8371;166
Buy: &#8371;551.44&nbsp;
<h3> DEADPXLZ:&nbsp;</h3>
DEADPXLZ is a collection of 10,000 Cardano NFTs that are code-generated, unique, and interactable. DEADPXLZ differs from other NFT collectibles in that they are the first interactable tokens ever produced on Cardano.&nbsp;
Floor Price: &#8371;1725
Buy:&#8371;2728.72
For more information:
<ul><li><a href="https://cryptobullsclub.com/why-price-cryptocurrency-fluctuates/">Why the Price of Cryptocurrency Fluctuates So Much?</a></li>
<li><a href="https://cryptobullsclub.com/upcoming-blockchain-events/">Upcoming Blockchain Events and Conferences: 2022 to 2023</a></li>
<li><a href="https://cryptobullsclub.com/cake-defi-adds-ethereum-staking/">CakeDefi Now Offers Ethereum Staking</a></li>
</ul> 
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Crypto Bulls Club

Best Cardano NFTs 2022: Top ADA NFTs (by Sales)

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5 hours ago | 3 mins read
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<img width="640" height="390" alt="" data-srcset="https://thenewscrypto.com/wp-content/uploads/2022/03/cardano-3-1024x624.jpg 1024w, https://thenewscrypto.com/wp-content/uploads/2022/03/cardano-3-300x183.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2022/03/cardano-3-768x468.jpg 768w, https://thenewscrypto.com/wp-content/uploads/2022/03/cardano-3.jpg 1400w" data-src="https://thenewscrypto.com/wp-content/uploads/2022/03/cardano-3-1024x624.jpg" data-sizes=" 640px) 100vw, 640px" src="image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="> Altcoin News Ever since Cardano went live on the mainnet, hundreds of promising projects have joined the network, including decentralized applications (dApps), decentralized finance (DeFi) protocols, <a href="https://thenewscrypto.com/news/nft-news/" target="_blank" rel="noreferrer noopener">non-fungible tokens (NFTs), </a>and metaverse projects, just to name a few.
<a href="https://docs.google.com/document/d/1oHEastCHyNOP9W2VtC7P8tRl5Ti-NrholJpZ1UxeVQs/edit?usp=sharing" target="_blank" rel="noreferrer noopener nofollow">Ardana</a> is one such Cardano-native project that aims to unlock DeFi primitives on the Cardano blockchain. As an all-in-one DeFi hub for Cardano, Ardana is building a wide range of products powered by its over-collateralized and asset-backed stablecoin dUSD (Ardana Dollar). To date, the Ardana ecosystem consists of a decentralized exchange (DEX) and an on-chain asset-backed stablecoin protocol designed to meet the growing demand for DeFi and liquidity on Cardano.
Furthering its vision to position Cardano as a frontrunner in today&rsquo;s hyper-competitive DeFi market, the Ardana team has partnered with <a href="https://metadams.io/" target="_blank" rel="noreferrer noopener nofollow">Metadams</a>, the first-of-its-kind Cardano-based play-to-stake metaverse. With this strategic partnership in place, the Metadams team will help the Ardana team build their first digital branch in the metaverse.&nbsp;
This new tie-up will support Metadams users as they seamlessly interact with the Ardana ecosystem without ever having to leave the Metadams metaverse. As the partnership develops, both platforms will work together to expand Ardana&rsquo;s digital branch further, making it a preferred destination for the broader crypto community to congregate.
<h2 id="h-making-cardano-attractive-for-users">Making Cardano Attractive For Users</h2>
Cardano-based projects, especially <a href="https://thenewscrypto.com/tag/defi/" target="_blank" rel="noreferrer noopener">DeFi</a>-related projects, are yet to operate at full capacity. Moreover, community participation is still very much in its early stages. Accordingly, this partnership between Ardana and Metadams will play a critical role in engaging more users and encourage the remainder of the cryptoverse to participate in the Cardano ecosystem.
Ardana stands out as the first DeFi hub of Cardano. Built by experienced professionals from leading mainstream organizations like Barclays, Microsoft, and Apple, Ardana&rsquo;s <a href="https://thenewscrypto.com/tag/dex/" target="_blank" rel="noreferrer noopener">DEX</a>, powered by the platform&rsquo;s stablecoin dUSD, empowers users to access on-demand borrowing. Since the dUSD is over-collateralized with ADA (Cardano&rsquo;s native token) and other Cardano-native assets, it allows users to trade stablecoins and other identical assets with high capital efficiency, low costs, and equally low risks, positioning it as an attractive financing tool.&nbsp;
Metadams, on the other hand, is Cardano&rsquo;s first play-to-stake metaverse project. By incorporating gamification techniques with the usual process of staking ADA, Metadams enables users to generate promising rewards over time. The platform offers different base reward rates while introducing a new way to play games, thereby delivering a gaming and earning experience that&rsquo;s concurrently fun and exciting for users.
<figure><img width="1024" height="576" alt="" data-srcset="https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO.-1024x576.jpg 1024w, https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO.-300x169.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO.-768x432.jpg 768w, https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO.-1536x864.jpg 1536w, https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO..jpg 1600w" data-src="https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO.-1024x576.jpg" data-sizes=" 1024px) 100vw, 1024px" src="image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="></figure>
Usually, Cardano users stake their ADA in the network&rsquo;s classic staking pools that stand to earn around 4.8% staking rewards. However, when a user stakes their ADA in Metadams&rsquo; staking pools, they can potentially earn higher in-game rewards for performing specific tasks. On top of this added-value, Metadams redistributes 100% of the staking rewards among players, in keeping with the core vision of the platform, which is focused on expanding the Cardano community.
In addition to partnering with Ardana, Metadams has also joined forces with other Cardano-based projects that can benefit from its inherent features. The big names on the list include Cardanians, Chilled Kongs, Epoch Art, Muesli Swap, Rats DAO, and several others, thereby attempting to bring the very best characteristics of the Cardano ecosystem under one roof into a single metaverse.&nbsp;
The partnership between Ardana and Metadams, paired with Cardano&rsquo;s speed, scalability, and security, will not only lower DeFi&rsquo;s entry barriers, but more importantly, also support a sustainable ecosystem focused on offering decentralized liquidity and added value for everyone.





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